Category: Top Story
-
Dollar firms ahead of Fed decision amid rising hopes for U.S.-China trade breakthrough
The U.S. dollar strengthened on Wednesday, supported by renewed optimism about a potential U.S.-China trade agreement and cautious positioning ahead of the Federal Reserve’s interest rate decision later in the day. At 05:20 ET, the Dollar Index, which measures the greenback against six major peers, rose 0.3% to 98.787, recovering from two straight sessions of…
-
ITT shares climb 3.5% after strong Q3 results and raised full-year outlook
ITT Inc. (NYSE:ITT) shares rose 3.5% on Wednesday after the diversified industrial company reported third-quarter earnings and revenue above Wall Street expectations, fueled by robust demand across aerospace, defense, and pump projects. The company posted adjusted earnings of $1.78 per share, beating the $1.67 analyst consensus, while revenue increased 13% year over year to $999.1…
-
ESAB shares slip despite strong Q3 results and upgraded full-year outlook
ESAB Corporation (NYSE:ESAB) delivered better-than-expected third-quarter results on Wednesday, supported by solid organic growth and strong contributions from its Equipment and Automation division, yet its shares fell 1.93% in premarket trading as investors reacted cautiously to the update. The company posted adjusted earnings of $1.32 per share, beating analyst expectations of $1.27, while revenue climbed…
-
Caterpillar shares climb 5% after strong Q3 results beat expectations
Caterpillar Inc. (NYSE:CAT) shares jumped 4.9% in early trading Wednesday after the industrial giant posted third-quarter earnings and revenue well above forecasts, fueled by resilient global demand and solid execution across its core businesses. The company reported adjusted earnings of $4.95 per share, easily topping the $4.55 analyst consensus, while revenue climbed 10% year-over-year to…
-
United Therapeutics posts record revenue but misses Q3 earnings expectations
United Therapeutics Corporation (NASDAQ:UTHR) reported record third-quarter revenue but fell short of Wall Street earnings estimates, sending shares down 0.08% in premarket trading Wednesday. The biotech company posted revenue of $799.5 million, a 7% year-over-year increase from $748.9 million, but slightly below analyst expectations of $812.87 million. Adjusted earnings per share came in at $7.16,…
-
Smurfit Westrock shares dip 2% after earnings miss outweighs solid revenue growth
Smurfit Westrock plc (NYSE:SW) shares fell 2.41% in premarket trading Wednesday after the paper-based packaging group missed third-quarter earnings estimates, even as revenue came in above forecasts and profitability improved year-over-year. The company reported adjusted earnings per share of $0.58, falling short of the $0.72 analyst consensus. However, revenue rose 4.3% year-over-year to $8 billion,…
-
GE HealthCare lifts profit outlook after steady Q3 results; shares slip 2%
GE HealthCare Technologies (NASDAQ:GEHC) reported third-quarter results in line with expectations on Wednesday and raised the lower end of its full-year profit forecast, though shares slipped 2% in premarket trading. The medical technology group posted adjusted earnings of $1.07 per share, roughly matching the $1.05 analyst consensus, while revenue climbed 6% year-over-year to $5.14 billion,…
-
Generac Holdings cuts full-year outlook as weak generator demand hits Q3 results
Generac Holdings (NYSE:GNRC) shares dropped more than 5% in premarket trading Wednesday after the power equipment manufacturer missed third-quarter estimates and cut its full-year guidance, blaming unusually mild weather and fewer power outages for weaker-than-expected generator sales. The Wisconsin-based company reported net sales of $1.11 billion, down 5% year-over-year and below the $1.19 billion Bloomberg…
-
Otis shares climb 3% as strong service division lifts Q3 earnings above estimates
Otis Worldwide Corporation (NYSE:OTIS) shares gained 3.15% in premarket trading Wednesday after the elevator and escalator manufacturer reported third-quarter earnings that beat analyst forecasts, powered by continued strength in its service business. The company posted adjusted earnings of $1.05 per share, topping the $1.00 consensus estimate. Revenue rose 4% year-over-year to $3.7 billion, exceeding the…
-
A fortress of privacy in a world of digital vulnerability
In an era where cyberattacks are escalating in frequency and sophistication, Sekur Private Data Ltd. (USOTC:SWISF)(CSE:SKUR)(FRA:GDT0) stands out as a beacon of digital security and privacy. With headquarters in Vancouver and Miami, and hosted entirely in Switzerland, Sekur offers a proprietary suite of encrypted communication tools designed to protect individuals, corporations, and governments from the growing threat…