ADVFN US – Market Content Editor
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Wall Street set for lower open as Alphabet and Tesla disappoint while oil prices climb: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures pointed lower on Thursday, with investors preparing for a weaker start to trading after disappointing reactions to earnings from Alphabet and Tesla combined with renewed geopolitical tensions pushed market sentiment lower. Rising oil prices and concerns over the growing cost of artificial intelligence investment also added to pressure on equities. Tech earnings…
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Mobileye raises full-year outlook after second-quarter earnings beat (NASDAQ:MBLY)
Mobileye Global (NASDAQ:MBLY) shares surged nearly 10% in premarket trading on Thursday after the autonomous driving technology company reported second-quarter earnings well above Wall Street expectations and increased its revenue and profit guidance for the full year. The stronger outlook was supported by solid operational performance and the financial benefits of Israel’s new research and…
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Gentherm raises full-year outlook after record second-quarter revenue (NASDAQ:THRM)
Gentherm (NASDAQ:THRM) reported stronger-than-expected second-quarter results on Thursday after delivering record quarterly revenue and increasing its full-year financial guidance. The thermal management technology company also announced a new share repurchase programme, reinforcing confidence in its long-term growth strategy. Record revenue drives earnings beat Gentherm posted adjusted earnings of $0.75 per share for the second quarter,…
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Allegion raises full-year outlook after strong second-quarter earnings (NYSE:ALLE)
Allegion (NYSE:ALLE) shares surged more than 8% in premarket trading on Thursday after the security products manufacturer reported second-quarter earnings and revenue ahead of Wall Street expectations while increasing its full-year adjusted earnings outlook. The stronger results were driven by solid organic growth and expanding margins, particularly across the company’s Americas business. Earnings and revenue…
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RTX raises full-year outlook after strong second-quarter earnings (NYSE:RTX)
RTX (NYSE:RTX) shares surged nearly 6% in premarket trading on Thursday after the aerospace and defence company reported second-quarter earnings and revenue ahead of Wall Street expectations while increasing its financial guidance for the full year. The stronger outlook reflected robust demand across both its commercial aerospace and defence businesses, supported by a record order…
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Thermo Fisher beats second-quarter expectations as customer demand strengthens (NYSE:TMO)
Thermo Fisher Scientific (NYSE:TMO) reported better-than-expected second-quarter earnings on Thursday, driven by improving customer activity across its end markets and continued organic growth. The stronger results lifted investor sentiment, sending the life sciences company’s shares more than 3% higher in premarket trading. Earnings and revenue surpass forecasts Thermo Fisher posted adjusted earnings of $6.03 per…
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BeOne Medicines expands New Jersey campus with additional $300 million investment (NASDAQ:ONC)
BeOne Medicines (NASDAQ:ONC) has announced a further $300 million investment to expand its manufacturing and research operations in Hopewell, New Jersey, increasing total spending at the Princeton West Innovation Campus to more than $1 billion. The project will significantly increase the site’s production capabilities while supporting future cancer drug development and creating new jobs. Expansion…
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Comcast beats second-quarter estimates as broadband and wireless momentum strengthens (NASDAQ:CMCSA)
Comcast (NASDAQ:CMCSA) shares rose around 3% in premarket trading on Thursday after the media and telecommunications company reported second-quarter earnings ahead of Wall Street expectations, supported by improving broadband performance and record wireless customer growth. The results also highlighted stronger profitability across several business segments, including Peacock, which achieved its first profitable quarter. Earnings exceed…
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Cleveland-Cliffs shares jump as upbeat third-quarter forecast outweighs earnings miss (NYSE:CLF)
Cleveland-Cliffs (NYSE:CLF) shares climbed nearly 7% in premarket trading on Thursday after the steel producer issued a stronger-than-expected outlook for the third quarter, despite reporting a slight earnings miss for the second quarter. Investors focused on the company’s improving profitability and expectations for a significant increase in EBITDA during the current quarter. Second-quarter earnings narrowly…
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Dow beats second-quarter expectations as pricing strength lifts earnings (NYSE:DOW)
Dow (NYSE:DOW) reported better-than-expected second-quarter earnings on Thursday, supported by higher selling prices across its business, particularly in polyethylene, helping offset a modest decline in sales volumes. The stronger results prompted a positive market reaction, with the company’s shares rising more than 2% in premarket trading. Earnings and revenue exceed forecasts Dow posted adjusted earnings…