ADVFN US – Market Content Editor
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Quanta Services Soars After Strong Second-Quarter Results and Higher Full-Year Outlook
Quanta Services Inc. (NYSE:PWR) delivered better-than-expected second-quarter results, comfortably beating Wall Street forecasts for both revenue and earnings as demand remained robust across its electric infrastructure and underground utility businesses. The strong performance prompted investors to bid the stock sharply higher, with shares climbing more than 12% in premarket trading on Thursday. Revenue and Earnings…
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International Paper Tops Earnings Estimates Despite Revenue Shortfall
International Paper Company (NYSE:IP) reported second-quarter 2026 results that exceeded earnings expectations, although revenue came in below Wall Street forecasts. Investors responded positively, with the company’s shares rising 1.4% in premarket trading following the announcement. The packaging and paper producer continued to make progress on operational improvements while advancing several strategic projects during the quarter.…
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ImmunityBio Gains After UAE Approves ANKTIVA for Bladder and Lung Cancer Treatments
ImmunityBio (NASDAQ:IBRX) shares climbed 7.5% on Thursday after the company announced that the United Arab Emirates had granted marketing approval for ANKTIVA in two cancer indications, further expanding the therapy’s international regulatory reach. The latest authorization broadens the drug’s availability and marks another milestone in ImmunityBio’s global commercialization strategy. UAE Clears ANKTIVA for Two Cancer…
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US Jobless Claims Rise Slightly but Remain Near Historic Lows
Weekly Unemployment Claims Edge Higher The number of Americans filing for unemployment benefits for the first time increased modestly during the week ended July 25, although new claims remained close to historically low levels, highlighting the continued resilience of the U.S. labour market. According to the Labor Department, initial jobless claims rose by 9,000 to…
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US Inflation Eases in June as Consumer Prices Decline and Economic Growth Slows
Consumer Inflation Cools as PCE Prices Edge Lower U.S. consumer inflation eased in June as the Federal Reserve’s preferred inflation gauge posted its first monthly decline in several months, while separate data showed economic growth lost momentum during the second quarter. Figures released by the Commerce Department showed the personal consumption expenditures (PCE) price index…
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Technology Stocks Set to Lift Wall Street at the Open After Sharp Sell-Off: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures pointed to a stronger opening on Thursday, with investors looking for a rebound after the heavy losses recorded in the previous session. Technology shares appeared poised to lead the recovery, with Nasdaq 100 futures climbing 1.6% ahead of the opening bell. Microsoft Strength Offsets Meta Weakness Buying interest in beaten-down technology…
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Starbucks Jumps After Strong Third-Quarter Results and Higher Full-Year Outlook
Starbucks Corporation (NASDAQ:SBUX) reported third-quarter results that comfortably exceeded Wall Street expectations, supported by stronger customer traffic in North America and continued progress under its turnaround strategy. The coffee chain also raised its financial outlook for the full fiscal year. Shares rose more than 6% in premarket trading on Thursday as investors welcomed the company’s…
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Robinhood Beats Second-Quarter Expectations as Revenue Reaches Record High
Robinhood Markets Inc. (NASDAQ:HOOD) reported stronger-than-expected second-quarter results, with both earnings and revenue exceeding Wall Street forecasts. Although the stock initially declined in after-hours trading, it recovered to trade broadly unchanged in premarket trading by 06:31 ET on Thursday. The online brokerage benefited from robust trading activity and disciplined cost management during the quarter, while…
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IBM and Qedma Report Quantum Computing Milestone Beyond Classical Supercomputer Capabilities
IBM (NYSE:IBM) and Qedma Quantum Computing have announced research that they say demonstrates a quantum computing advantage over leading classical simulation methods, including calculations performed using Fugaku, one of the world’s most powerful supercomputers. The companies said the results represent a significant step forward in applying commercially available quantum hardware and software to solve complex…
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Group 1 Automotive Misses Second-Quarter Estimates as Consumer Spending Softens
Group 1 Automotive Inc. (NYSE:GPI) reported second-quarter 2026 results that fell below Wall Street expectations as weaker consumer affordability weighed on vehicle sales and profitability. The earnings report sent the automotive retailer’s shares down 1.84% in premarket trading on Thursday. Earnings and Revenue Come in Below Forecasts Group 1 Automotive posted adjusted earnings from continuing…