Category: Top Story
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Gilat Satellite Networks Shares Jump 7% as Earnings and Revenue Beat Expectations
Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares climbed 7.1% in pre-market trading on Wednesday after the satellite communications company posted strong third-quarter results that surpassed analyst forecasts, boosted by broad-based revenue growth across its core markets. The company reported adjusted earnings of $0.19 per share, easily topping consensus estimates of $0.11. Revenue surged 58% year-over-year to…
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TransDigm Shares Slip as Fiscal 2026 Guidance Falls Short of Expectations
TransDigm Group (NYSE:TDG) shares fell 2.6% in pre-market trading on Wednesday, after the aerospace components manufacturer issued fiscal 2026 guidance that disappointed some investors, despite posting strong fourth-quarter results ahead of analyst forecasts. The company reported adjusted earnings of $10.82 per share for the fourth quarter, topping consensus estimates of $10.07. Revenue rose 11.5% year-over-year…
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TIC Solutions Misses Q3 Earnings Estimates Despite Strong Revenue Growth
TIC Solutions, Inc. (NYSE:TIC) reported a third-quarter net loss of $0.08 per share, missing analyst expectations of a $0.17 per share profit, even as the company delivered strong revenue growth. Total revenue reached $473.9 million, up 56% year-over-year from the combined $303 million reported during the same quarter of 2024. Following the announcement, shares of…
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Caesarstone Shares Rise Despite Missing Q3 Revenue and Earnings Estimates
Caesarstone Ltd. (NASDAQ:CSTE) shares edged 1.9% higher in pre-market trading on Wednesday, as investors looked past weaker-than-expected third-quarter results and focused instead on the company’s strategic restructuring plan aimed at restoring profitability. The engineered surfaces manufacturer reported revenue of $102.1 million, below the analyst consensus of $108 million and down 5.1% year-over-year. Adjusted earnings per…
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Perion Network Shares Climb on Q3 Earnings Beat and Surging CTV Revenue
Perion Network Ltd. (NASDAQ:PERI) shares rose 4% on Wednesday, extending pre-market gains after the advertising technology company delivered third-quarter earnings that topped analyst forecasts, supported by strong growth in its connected TV (CTV) segment. The company reported adjusted earnings per share of $0.28, above the consensus estimate of $0.25. Revenue rose 8% year-over-year to $110.5…
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Clearwater Analytics Shares Jump on Report of Potential Sale
Clearwater Analytics Holdings Inc. (NYSE:CWAN) shares surged 7.6% on Wednesday after a Bloomberg report revealed that the company is considering a potential sale amid growing takeover interest. According to sources cited by Bloomberg, the Boise, Idaho–based provider of investment and accounting software is working with financial advisers to assess strategic options and evaluate interest from…
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GlobalFoundries Shares Gain After Beating Q3 Earnings Expectations
GlobalFoundries Inc. (NASDAQ:GFS) shares climbed 3.6% in premarket trading after the semiconductor manufacturer delivered third-quarter results that surpassed analyst forecasts, driven by robust growth in its automotive and communications infrastructure businesses. The New York–based chipmaker reported adjusted earnings per share of $0.41, topping the analyst consensus of $0.38. Revenue reached $1.69 billion, slightly above expectations…
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IBM Shares Gain After Launching Quantum Nighthawk Processor
IBM (NYSE:IBM) shares rose 1.9% on Wednesday morning following a series of major announcements at the company’s Quantum Developer Conference, where it revealed its most advanced quantum processor to date. The tech giant introduced the IBM Quantum Nighthawk, a processor designed to achieve quantum advantage by the end of 2026. The new chip features 120…
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Amazon Poised to Capture Greater Market Share as Online Spending Climbs 8%, Says BofA
Online retail spending rose 8% year-over-year in October, maintaining the same momentum as September and outpacing traditional retail, which saw a 1% decline, according to Bank of America’s aggregated credit and debit card data. The report showed that online penetration increased by 180 basis points year-over-year to 29.7%, the largest annual jump since the pandemic.…
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What Could Influence Tesla’s Stock in the Coming Year?
Tesla’s (NASDAQ:TSLA) recent annual general meeting gave investors plenty to digest beyond the approval of Elon Musk’s $1 trillion compensation package, according to a report by Morgan Stanley. Analyst Adam Jonas wrote to clients that while the shareholder vote was the “most important takeaway,” there are several other developments that could “matter to the share…