ADVFN US – Market Content Editor

Norway’s $2 trillion sovereign wealth fund said Tuesday it will vote against Elon Musk’s massive compensation package at Tesla’s (NASDAQ:TSLA) upcoming annual shareholder meeting, marking one of the most significant challenges yet to the billionaire CEO’s leadership. Musk has previously cautioned that he might step down if shareholders reject the deal. Norges Bank Investment Management…

Spotify (NYSE:SPOT) projected a fourth-quarter operating profit well above analyst forecasts, citing robust user engagement and continued momentum in its premium subscription business. The company said it is “well positioned” heading into year-end, following a period of steady operational improvements and expanding user activity. Analysts have closely monitored Spotify’s path to profitability since the Swedish…

Ferrari (NYSE:RACE) reported third-quarter results below analyst expectations, but reaffirmed its recently raised full-year guidance, emphasizing continued strategic progress and long-term growth confidence. The luxury automaker posted earnings per share of €2.14, missing the analyst forecast of €2.41, while revenue totaled €1.77 billion, also short of the expected €1.98 billion. Operating profit climbed 7.6% year-over-year…

Ecovyst Inc. (NYSE:ECVT) posted third-quarter 2025 earnings above expectations, though revenue came in below analyst estimates despite strong year-over-year growth. Shares dipped 0.18% after the results were released. The sulfuric acid and regeneration services company reported adjusted earnings of $0.19 per share, exceeding the consensus estimate of $0.17. Revenue totaled $204.9 million, up 33.1% year-over-year…

Stanley Black & Decker (NYSE:SWK) reported third-quarter results ahead of expectations, with strong execution and continued efficiency gains helping offset macroeconomic headwinds. The tools and outdoor equipment manufacturer posted adjusted earnings per share of $1.43, topping the consensus estimate of $1.19. Revenue reached $3.8 billion, slightly above forecasts of $3.77 billion and roughly flat compared…

Fortis Inc. (NYSE:FTS) delivered third-quarter earnings well above expectations on Tuesday, while also announcing a dividend increase and a larger five-year capital investment plan to accelerate growth across its North American utility network. The regulated utility company reported adjusted earnings per share of $0.87, topping analyst expectations of $0.61. Net earnings came in at $409…

Waters Corporation (NYSE:WAT) posted third-quarter earnings above expectations on Tuesday, supported by solid growth in its core pharmaceutical segment, which continues to drive the company’s strong overall performance. The analytical instruments manufacturer reported adjusted earnings of $3.40 per share, surpassing the analyst consensus of $3.21. Revenue rose to $800 million, also topping forecasts of $781.01…

Archer Daniels Midland (NYSE:ADM) shares dropped sharply on Tuesday after the agricultural and biofuels giant reported better-than-expected third-quarter earnings but cut its full-year profit forecast amid uncertainty surrounding U.S. biofuel policy. The stock fell 8.49% in pre-market trading following the release. The Chicago-based company posted adjusted earnings of $0.92 per share, ahead of analyst expectations…

Henry Schein (NASDAQ:HSIC) reported better-than-expected third-quarter results on Tuesday, as strong sales across all business segments drove growth and prompted the company to raise its full-year guidance. The world’s leading provider of healthcare solutions for dental and medical practitioners posted adjusted earnings of $1.38 per share, topping analyst forecasts of $1.28, while revenue climbed 5.2%…

Leidos Holdings, Inc. (NYSE:LDOS) reported third-quarter results that topped Wall Street forecasts, prompting the defense and IT services group to raise its full-year earnings guidance despite ongoing uncertainty related to the U.S. government shutdown. Shares rose 1.82% in pre-market trading following the announcement. The company posted adjusted earnings of $3.05 per share, well above analyst…