ADVFN US – Market Content Editor

Hormel Foods Corporation (NYSE:HRL) saw its stock drop sharply on Thursday after the company reported fiscal third-quarter earnings that fell well below analyst forecasts, overshadowing stronger-than-expected sales. Shares of the global packaged food maker slid 7.8% in premarket trading following the announcement. For the quarter ended July, Hormel posted adjusted earnings of $0.35 per share,…

GMS Inc. (NYSE:GMS) released its first-quarter fiscal 2026 results on Thursday, showing performance consistent with analyst expectations despite a modest decline in revenue. Shares of the North American specialty building products distributor fell slightly by 0.06% following the earnings release. The company posted adjusted earnings of $1.76 per share for the quarter ending July 31,…

GSK plc (NYSE:GSK) has secured approval in the U.K. for its oral antibiotic aimed at treating uncomplicated urinary tract infections (UTIs), marking the first new oral therapy for this condition in almost 30 years. The Medicines and Healthcare products Regulatory Agency (MHRA) has cleared gepotidacin, marketed as Blujepa, for use in females aged 12 years…

CrowdStrike (NASDAQ:CRWD) posted better-than-expected results for the second quarter of fiscal 2026, but its shares fell 3% in premarket trading Thursday after the company provided third-quarter revenue guidance below analyst forecasts. For the quarter ending July 31, CrowdStrike reported adjusted earnings of $0.93 per share, surpassing the consensus estimate of $0.83. Revenue reached $1.17 billion,…

HP Inc (NYSE:HPQ) reported fiscal third-quarter results that exceeded analyst expectations for both earnings and revenue, while its guidance for the current quarter came roughly in line with market estimates. Despite the beat, HP shares fell more than 2% in premarket trading Thursday. For Q3, adjusted earnings per share reached $0.75, slightly above the consensus…

Tesla Inc (NASDAQ:TSLA) saw its European sales and market share plunge sharply in July, data from the European Automobile Manufacturers’ Association (ACEA) revealed Thursday, even as overall electric vehicle adoption in the region continued to climb. Chinese automaker BYD Co (USOTC:BYDDY), included in ACEA’s monthly sales data for the first time, surpassed Tesla, capturing a…

The U.S. dollar struggled to gain momentum against major currencies on Thursday as traders increasingly priced in a possible Federal Reserve rate cut next month, following comments from New York Fed President John Williams that such a move could happen. The currency also faced headwinds from President Donald Trump’s escalated efforts to influence monetary policy,…

Gold remained close to a two-week high in Asian trade Thursday, supported by rising expectations that the Federal Reserve could cut interest rates in September amid ongoing tensions between President Donald Trump and the central bank. Spot gold approached $3,400 per ounce this week but stalled just below that threshold as the U.S. dollar strengthened…

Oil prices softened in Asian trading Thursday as investors weighed a larger-than-expected drop in U.S. crude inventories against the effect of new U.S. tariffs on Indian oil imports. By 21:34 ET (01:34 GMT), October Brent futures were down 0.5% at $67.71 per barrel, while WTI futures fell 0.6% to $63.80 per barrel. U.S. Crude Draw…