ADVFN US – Market Content Editor
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Alaska Airlines adds nonstop Seattle flights to Athens and Paris for 2027
Alaska Airlines (NYSE:ALK) is expanding its international network with new seasonal nonstop flights from Seattle to Athens and Paris beginning in May 2027, adding two major European destinations to its growing long-haul operation. The carrier plans to operate both services through October 2027 using Boeing 787-9 Dreamliners, further strengthening Seattle-Tacoma International Airport’s role as the…
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LSI Industries shares gain after Q4 earnings and revenue beat forecasts
LSI Industries Inc. (NASDAQ:LYTS) shares advanced 2.20% in premarket trading on Thursday after the company delivered fourth-quarter earnings and revenue above analyst expectations, supported by organic growth and its acquisition of Royston Group. Adjusted earnings per share reached $0.38, exceeding the consensus estimate of $0.35, while quarterly revenue of $234.6 million came in ahead of…
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Navios Maritime Partners tops Q2 forecasts as stronger charter rates lift revenue
Navios Maritime Partners L.P. (NYSE:NMM) delivered second-quarter results ahead of Wall Street expectations, supported by higher charter rates and a sizeable year-on-year increase in revenue. Shares of the shipping partnership gained 1.57% in U.S. premarket trading following the earnings announcement. Adjusted earnings came in at $4.65 per unit, exceeding the analyst consensus of $4.31. Revenue…
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QumulusAI secures seven-year Atlanta data centre deal for up to 3.75 MW
QumulusAI (NASDAQ:QMLS) has signed a seven-year colocation agreement covering up to 3.75 MW of data centre capacity in metropolitan Atlanta, expanding the infrastructure available to support its growing portfolio of artificial intelligence computing contracts. The agreement also gives QumulusAI a right of first offer on up to an additional 7 MW of adjoining capacity at…
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Bernstein upgrades Analog Devices after Q3 beat strengthens growth outlook
Bernstein upgraded Analog Devices (NASDAQ:ADI) to Outperform from Market Perform and raised its price target to $465 from $430 after the semiconductor group delivered stronger-than-expected fiscal third-quarter results and issued an upbeat outlook for the fourth quarter. Analog Devices reported quarterly revenue of $4.022 billion, ahead of Wall Street expectations of $3.922 billion, while earnings…
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CoreWeave signs multi-year AI infrastructure agreement with Hudson River Trading
CoreWeave, Inc. (NASDAQ:CRWV) has entered into a multi-year agreement with quantitative trading firm Hudson River Trading (HRT) to supply cloud computing infrastructure for its artificial intelligence research and model development activities. The partnership will give HRT access to CoreWeave’s specialised AI cloud platform as the trading firm expands its use of machine learning and large-scale…
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Meta emerges as major Microsoft Azure AI customer
Meta Platforms Inc. (NASDAQ:META) has become one of Microsoft Corp.’s (NASDAQ:MSFT) largest customers for artificial intelligence services, according to a Bloomberg News report, highlighting the substantial infrastructure spending required to support the technology sector’s AI expansion. The Facebook and Instagram parent is reportedly spending hundreds of millions of dollars each year to access artificial intelligence…
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Walmart shares slide as slower U.S. comparable sales overshadow earnings beat
Walmart Inc. (NASDAQ:WMT) shares fell around 6% in premarket trading on Thursday after the retail giant reported stronger-than-expected second-quarter earnings and revenue, but disappointed investors with weaker comparable sales growth at its U.S. stores. Adjusted earnings came in at $0.81 per share, beating the analyst consensus of $0.74 by $0.07. Revenue increased 5.9% year on…
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Deere shares rise as fiscal Q3 earnings and revenue beat forecasts
Deere & Co. (NYSE:DE) shares gained more than 3% in premarket trading on Thursday after the agricultural equipment manufacturer delivered fiscal third-quarter results that exceeded Wall Street expectations on both revenue and earnings. The company reported earnings of $5.10 per share, comfortably ahead of the analyst consensus of $4.69. Revenue increased 5% year on year…
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Alibaba shares slip as Q2 profit miss overshadows accelerating AI cloud growth
Alibaba (NYSE:BABA) shares fell around 4% in U.S. premarket trading on Thursday after the Chinese e-commerce and cloud computing group reported second-quarter earnings below market expectations, despite stronger revenue and rapid growth across its artificial intelligence cloud operations. The company posted earnings per share of RMB8.52, falling short of the analyst consensus of RMB10.72. Quarterly…