ADVFN US – Market Content Editor
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Hershey tops Q2 estimates but trims annual profit outlook on tariff headwinds
The Hershey Company (NYSE:HSY) delivered better-than-expected second-quarter results on Wednesday, though its stock slipped 1.2% in premarket trading after the chocolate maker revised its full-year earnings forecast downward due to mounting tariff-related costs. Adjusted earnings for the quarter came in at $1.21 per share, beating analyst projections of $0.99. Revenue reached $2.61 billion, also above…
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VF Corp shares soar nearly 17% as Q1 results surpass forecasts
VF Corporation (NYSE:VFC) saw its stock surge 16.94% in pre-market trading on Wednesday after reporting fiscal first-quarter 2026 earnings that beat Wall Street expectations, offering encouraging signs that its business overhaul is gaining traction. The apparel and footwear conglomerate—owner of brands like The North Face, Vans, and Timberland—posted an adjusted quarterly loss of $0.24 per…
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Starbucks shares climb as CEO highlights progress in company’s turnaround plan
Starbucks (NASDAQ:SBUX) released fiscal third-quarter results on Tuesday that missed analyst expectations due to softer demand impacting profit margins, yet the coffee giant emphasized ongoing advancements in its restructuring efforts. Following the earnings report, Starbucks shares rose over 4% in early U.S. trading. For the quarter ending June 30, Starbucks posted adjusted earnings per share…
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Fiverr shares jump more than 2% following strong Q2 performance fueled by AI services
Fiverr International Ltd. (NYSE:FVRR) saw its stock rise 2.48% in after-hours trading on Wednesday after releasing second-quarter results that outpaced analyst forecasts, largely driven by robust growth in AI-focused offerings and its Managed Services division. The freelance marketplace reported adjusted earnings per share of $0.69, beating expectations of $0.67, while revenue came in at $108.6…
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Visa shares dip as payments company holds steady on forecast despite Q3 beat
Visa (NYSE:V) shares slipped slightly in early U.S. trading on Wednesday after the payments firm maintained its full-year guidance despite reporting better-than-expected results for the third quarter. Alongside competitor MasterCard, Visa is often seen as a key indicator of U.S. consumer confidence amid ongoing economic uncertainty fueled by tariffs. Concerns have mounted that these levies…
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UBS doubles Q2 net income to $2.4 billion driven by cost reductions and growth in core divisions
On Wednesday, UBS (NYSE:UBS) announced a second-quarter net profit of $2.4 billion, more than twice the $1.1 billion recorded a year ago. This improvement was fueled by strong performance in its core units alongside lower costs related to integration. The bank reported a 49% rise in profit before tax to $2.2 billion, while underlying profit…
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Tesla and LG Energy finalize $4.3 billion battery supply agreement — Reuters
Tesla Inc (NASDAQ:TSLA) and South Korea’s LG Energy Solution Ltd have inked a $4.3 billion deal for lithium iron phosphate batteries designated for energy storage, Reuters reported Wednesday. According to a source familiar with the matter cited by Reuters, the batteries will be produced at LG’s manufacturing facility in the United States. Earlier the same…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Market Movers: Trade Talks, Fed Decision, and Big Tech Earnings in Focus
U.S. stock futures climbed modestly on Wednesday as investors prepared for a key sequence of events, including the Federal Reserve’s interest rate decision, upcoming economic reports, and earnings from some of the largest tech companies. While the Fed is expected to maintain current rates despite mounting pressure from President Donald Trump to lower borrowing costs…
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Oil prices steady as US inventory rise and Fed meeting take center stage
Oil prices held firm in Wednesday’s Asian session, retracing some earlier gains amid a surprising build in U.S. crude stocks and anticipation of the Federal Reserve’s upcoming rate decision. Earlier this week, crude surged on reports that the U.S. plans to sanction major buyers of Russian oil to pressure Moscow over its conflict with Ukraine.…
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Gold Holds Firm as Markets Brace for Fed Decision and Trump’s Tariff Deadline
Gold prices remained largely unchanged during Wednesday’s Asian trading session as investors balanced ongoing U.S. trade uncertainties with anticipation of the Federal Reserve’s upcoming policy announcement. Spot gold slipped marginally by 0.1% to $3,323.66 an ounce, while gold futures fell by the same margin to $3,378.62 per ounce as of 02:18 ET (06:18 GMT). The…