ADVFN US – Market Content Editor
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Citigroup Tops Profit Estimates as Dealmaking Revival Boosts Results
Citigroup Inc. (NYSE:C) delivered stronger-than-expected third-quarter earnings, driven by a rebound in corporate dealmaking that lifted performance across its core business lines. Shares rose about 1% in premarket trading following the announcement. The bank reported net income of $3.8 billion, or $1.86 per share, compared with $3.2 billion, or $1.51 per share, in the same…
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AMD Shares Climb as Oracle Orders 50,000 MI450 Chips; Wolfe Research Lifts Price Target to $300 on AI Momentum
Oracle Corporation (NYSE:ORCL) announced Tuesday that it will deploy 50,000 graphics processors from Advanced Micro Devices (NASDAQ:AMD) starting in the second half of 2026, signaling a growing appetite among cloud providers for alternatives to Nvidia’s AI accelerators. AMD shares jumped more than 3% in premarket trading after the news. Oracle plans to use AMD’s Instinct…
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Albertsons Shares Jump Over 5% After Beating Q2 Earnings and Revenue Estimates
Albertsons Companies, Inc. (NYSE:ACI) saw its stock rise 5.6% in premarket trading on Tuesday after the supermarket chain posted stronger-than-expected second-quarter results, topping analyst forecasts on both earnings and revenue. The grocery retailer reported adjusted earnings of $0.44 per share, beating the consensus estimate of $0.40 by $0.04. Revenue reached $18.92 billion, slightly ahead of…
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Goldman Sachs Beats Q3 Forecasts on Broad-Based Revenue Growth
Goldman Sachs (NYSE:GS) delivered stronger-than-expected third-quarter earnings on Tuesday, though its stock dipped slightly in premarket trading despite the upbeat results. The investment banking powerhouse reported earnings per share of $12.25 for the quarter, topping analyst expectations of $11.02. Total revenue reached $15.18 billion — a 20% increase compared with the same period last year…
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Astria Therapeutics Soars After BioCryst Acquisition Announcement; BioCryst Falls
Astria Therapeutics (NASDAQ:ATXS) saw its shares surge 30% on Tuesday after BioCryst Pharmaceuticals (NASDAQ:BCRX) announced a cash-and-stock acquisition of the company. In contrast, BioCryst’s stock fell 10% following the news. The deal values Astria at approximately $13.00 per share, a 53% premium to its October 13 closing price, and implies an enterprise value of around…
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Cyngn Shares Jump After Deploying Autonomous Tech at G&J Pepsi
Cyngn (NASDAQ:CYN) saw its stock rise 12% on Tuesday after announcing the commercial deployment of its DriveMod Tugger autonomous vehicle technology with G&J Pepsi, the largest independent Pepsi bottler in the United States. The partnership signals Cyngn’s push into material handling for consumer-packaged goods, further expanding the use of its autonomous technology across multiple industries.…
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Wells Fargo Shares Climb After Q3 Results Beat Expectations
Wells Fargo (NYSE:WFC) reported stronger-than-expected third-quarter earnings on Friday, with solid revenue growth across both its consumer and commercial divisions pushing shares up more than 3% in premarket U.S. trading on Tuesday. The banking giant posted earnings per share of $1.66 and revenue of $21.44 billion, surpassing analyst expectations of $21.16 billion. While net interest…
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FB Financial Rises 3% After Beating Q3 Earnings Forecasts on Strong Margin Expansion
FB Financial Corporation (NYSE:FBK) reported third-quarter adjusted earnings on Tuesday that surpassed Wall Street estimates, fueled by robust margin growth and the successful integration of Southern States Bancshares. Shares of the parent company of FirstBank climbed 3% in premarket trading following the announcement. The Tennessee-based lender posted adjusted earnings of $1.07 per share, ahead of…
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J&J Raises Revenue Forecast After Beating Q3 Estimates, to Spin Off Orthopaedics Unit
Johnson & Johnson (NYSE:JNJ) delivered third-quarter earnings and revenue ahead of market forecasts and unveiled plans to spin off its Orthopaedics division in a strategic move to sharpen its focus on higher-growth areas. The company’s shares edged higher in premarket trading Tuesday following the announcement. J&J reported earnings per share of $2.80 for the third…
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Meta to Apply PG-13 Content Guidance for Teen Instagram Users by Default
Meta (NASDAQ:META) announced Tuesday that it will begin applying PG-13 content ratings by default to teenage accounts on Instagram, as the company faces growing scrutiny over how it protects users under the age of 18. As part of the new policy, Meta will use age prediction technology to assign teens to appropriate content protection levels…