ADVFN US – Market Content Editor
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Lilly Shares Climb After Positive Results for Weight Loss Pill
Eli Lilly and Company (NYSE:LLY) saw its stock rise in Tuesday premarket trading after the pharmaceutical firm reported encouraging results from a Phase 3 trial of its oral weight loss medication, clearing the path for global regulatory submissions later this year. The ATTAIN-2 study demonstrated that orforglipron achieved its primary endpoint and all key secondary…
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American Woodmark Falls Short of Q1 Expectations Amid Weak Construction Market
American Woodmark Corporation (NASDAQ:AMWD) reported fiscal first-quarter results on Tuesday that missed analyst projections, as continued softness in both the new construction and remodel segments weighed on performance. The cabinet manufacturer posted adjusted earnings per share of $1.01, well below the consensus estimate of $1.33. Revenue totaled $403 million, down 12.2% from a year earlier…
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Citi Trends Shares Climb Over 2% as Q2 Earnings Surpass Expectations, Full-Year Outlook Boosted
Citi Trends, Inc. (NASDAQ:CTRN) saw its stock rise 2.79% in pre-market trading Tuesday after reporting second-quarter results that far exceeded Wall Street forecasts and announcing an upward revision to its full-year guidance. The off-price retailer posted earnings per share of $0.46 for Q2, significantly ahead of the analyst estimate of -$0.92. Revenue reached $190.8 million,…
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Barclays Sees Strong Prospects for Energy Earnings as Oil Market Remains Resilient
Crude oil prices have largely held steady despite ongoing geopolitical tensions, with analysts noting that the sector’s fundamentals continue to underpin a favorable earnings outlook for energy companies. In a Monday briefing, Barclays energy analyst Amarpreet Singh reaffirmed a positive view on the industry, pointing to persistent demand and supply bottlenecks in key producing countries.…
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Durable Goods Orders Fall Less Than Forecast, Providing Support for the Dollar
New government data on U.S. durable goods orders showed a 2.8% drop, a decline that was smaller than the 3.8% decrease economists had anticipated. Durable goods orders track new purchases of long-lasting manufactured products, including transportation equipment, and are widely used to gauge the strength of the industrial sector and overall economic momentum. Although orders…
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Dow Jones, S&P, Nasdaq, Wall Street Futures Point Lower as Wall Street Grapples With Fed Turmoil and Trade Risks
U.S. equity futures were slightly in the red on Tuesday, extending Monday’s declines as investors reacted to renewed political uncertainty surrounding the Federal Reserve and fresh tariff threats from former President Donald Trump. Trump announced he was removing Fed Governor Lisa Cook, accusing her on Truth Social of making “false statements on one or more…
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AT&T to acquire spectrum licenses from EchoStar
AT&T (NYSE:T) announced Tuesday that it will purchase spectrum licenses from EchoStar (NASDAQ:SATS), reinforcing its investment in essential U.S. communications infrastructure. The deal supports AT&T’s strategy to solidify its position as a leading provider of converged connectivity services across the country. “This acquisition is a strategic step in strengthening our communications infrastructure capabilities,” the company…
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HSBC Fined HK$4.2 Million by Hong Kong Regulators Over Disclosure Issues
HSBC (NYSE:HSBC) has been slapped with a HK$4.2 million ($537,683) fine by Hong Kong authorities for failing to properly disclose investment banking relationships in its research reports, the regulators announced Tuesday. According to a joint statement from the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority, the bank did not adequately reveal…
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Semtech Surpasses Q2 Expectations with 20% Revenue Growth
Semtech Corporation (NASDAQ:SMTC) reported on Monday second-quarter fiscal 2026 results that exceeded market forecasts, posting a 20% increase in revenue year-on-year and a nearly fourfold rise in adjusted earnings compared to the same period last year. The semiconductor and IoT systems provider reported adjusted earnings per share of $0.41, slightly above the analyst consensus of…
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BMO Financial Group Sees 25% Jump in Q3 Earnings
BMO Financial Group (NYSE:BMO) reported a robust increase in third-quarter profits on Tuesday, with net income climbing 25% to C$2.33 billion, up from C$1.87 billion in the same period last year. Adjusted earnings per share came in at C$3.23, comfortably surpassing analysts’ expectations of C$2.96. Revenue for the quarter reached C$8.99 billion, above the consensus…