ADVFN US – Market Content Editor
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FMC Shares Plunge 35% as Company Cuts Q3 2026 Outlook Amid Weak Demand and Inventory Pressures
FMC Corporation (NYSE:FMC) shares fell 35% after the agricultural sciences company sharply reduced its third-quarter 2026 financial guidance, citing weaker-than-expected demand, pricing pressures and elevated inventory valuations among its distribution partners. The company now expects quarterly revenue of between $65 million and $125 million, alongside an adjusted EBITDA loss ranging from $510 million to $565…
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BNY Reports 24% Earnings Growth and Beats Q3 Forecasts, but Shares Fall 1.6%
The Bank of New York Mellon Corporation (NYSE:BNY) reported third-quarter earnings and revenue above analysts’ expectations on Thursday, supported by growth in fee income, higher net interest income and increased assets under custody and administration. Despite the stronger-than-expected results, BNY shares declined 1.58% in pre-market trading as investors assessed the bank’s operating expenses, profitability margins…
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Main Street Capital Reports Preliminary Q3 2026 Earnings Estimates as NAV Rises for 17th Consecutive Quarter
Main Street Capital Corporation (NYSE:MAIN) has released preliminary financial estimates for the third quarter of 2026, indicating an increase in net asset value (NAV) per share and continued investment activity across its lower middle market and private loan portfolios. The US investment company expects net investment income (NII) of between $0.87 and $0.91 per share…
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Commercial Metals Shares Rise Nearly 4% as Q4 Earnings and Revenue Beat Expectations
Commercial Metals Company (NYSE:CMC) reported stronger-than-expected fourth-quarter earnings and revenue on Thursday, supported by improved performance across its North American steel operations and substantial growth in its Construction Solutions business. Shares in the US steel and construction solutions provider rose 3.81% in pre-market trading following the announcement. Adjusted earnings per share reached $2.09, exceeding analysts’…
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Surf Air Mobility Secures Fifth OperatorOS Agreement With Flying Zebra
Surf Air Mobility (NYSE:SRFM) has signed a definitive agreement with aviation operator Flying Zebra to deploy its OperatorOS flight operations software, marking the company’s fifth commercial contract for the platform. The agreement supports Surf Air Mobility’s objective of having five operators actively using OperatorOS by the end of 2026, although the company must still complete…
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PNC Financial Reports Q3 Adjusted EPS of $5.09, Beating Estimates as Net Interest Income Rises
PNC Financial Services Group (NYSE:PNC) reported third-quarter adjusted earnings above analysts’ expectations, supported by growth in commercial lending, higher net interest income and lower operating expenses. The US banking group posted adjusted earnings per share of $5.09, exceeding the consensus forecast of $4.91 by $0.18. Quarterly revenue reached $6.56 billion, slightly below analysts’ expectations of…
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Critical Minerals: The Opportunity Behind the Energy Transition
The global shift toward electrification, clean energy, and digital infrastructure has created a generational investment opportunity in critical minerals, driven by tightening supply chains and heavy reliance on foreign refining. Why This is a Generational Opportunity. This article is disseminated in partnership with Hertz Energy. It is intended to inform investors and should not be…
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Rocket Lab Shares Slide 15% as Neutron Rocket Launch Delayed Until 2027
Rocket Lab (NASDAQ:RKLB) shares came under heavy selling pressure on Wednesday, 14 October, falling 7.85% during regular trading before declining a further 7.4% in after-hours dealings following confirmation that the company’s Neutron rocket would not make its inaugural flight until 2027. The stock closed the regular session at $59.18, with the subsequent after-hours decline pointing…
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Global Smartphone Shipments Fall 22% as Rising Memory Costs Drive Record Quarterly Decline
Global smartphone shipments declined 22% during the September quarter, marking the steepest quarterly contraction on record, according to market research firm IDC. The decline was largely attributed to rising memory chip prices, driven by sustained demand from the artificial intelligence industry over the past year. Higher component costs have placed increasing pressure on smartphone manufacturers,…
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SK Hynix Seeks US Approval for Chip Equipment Shipments to China as Solidigm Plans American Factory
South Korean semiconductor manufacturer SK Hynix (NASDAQ:SKHY) is seeking approval from US authorities to export additional American-made chipmaking equipment to its manufacturing facility in China, according to a Reuters report published on Thursday. The request is linked to plans by its US subsidiary, Solidigm, to establish a new NAND flash memory manufacturing plant in the…