ADVFN US – Market Content Editor

Sapiens International Corporation N.V. (NASDAQ:SPNS) saw its stock jump more than 40% to $43.50 on Wednesday after announcing a definitive agreement to be acquired by private equity firm Advent in an all-cash deal valued at roughly $2.5 billion. Under the terms of the agreement, Sapiens shareholders will receive $43.50 per share in cash, representing a…

Performance Food Group Company (NYSE:PFGC) reported stronger-than-expected results for the fourth quarter of fiscal 2025, with adjusted earnings per share of $1.55, above analysts’ consensus of $1.45. Revenue climbed 11.5% year-over-year to $16.9 billion, surpassing the estimated $16.78 billion. Following the earnings release, the company’s stock remained largely unchanged in pre-market trading. The solid quarterly…

Global-e Online Ltd. (NASDAQ:GLBE) saw its shares surge 12.33% in pre-market trading Wednesday after reporting second-quarter results that exceeded analyst expectations and updating its full-year outlook. The cross-border e-commerce platform posted revenue of $214.9 million for Q2, above the consensus estimate of $207.87 million, reflecting a 28% year-on-year increase. While the company reported a GAAP…

Hudbay Minerals Inc. (NYSE:HBM) shares jumped 3.2% after the diversified mining company posted second-quarter results that surpassed analyst expectations, fueled by strong margins from its copper and gold operations despite temporary wildfire-related disruptions in Manitoba. The firm reported adjusted earnings of $0.19 per share for the quarter, well above the analyst consensus of $0.11. Revenue…

China Automotive Systems, Inc. (NASDAQ:CAAS), a top supplier of power steering components in China, reported second-quarter earnings that exceeded analyst expectations, with net income rising 6.8% as the firm continues its shift toward advanced steering technologies. The company posted earnings per share of $0.25 for Q2, with revenue climbing 11.1% year-on-year to $176.2 million. Sales…

Qudian (NYSE:QD) saw its second-quarter revenue for 2025 tumble 93.5% year-on-year, as the company phases out its last-mile delivery operations amid mounting competition. Despite the steep decline in top-line revenue, net income surged during the quarter, largely thanks to a 392.3% rise in interest and investment income. General and administrative costs climbed 39.6%, reflecting higher…

Tencent (NYSE:TME) reported a 15% rise in second-quarter revenue on Wednesday, fueled by strong performance in its gaming segment and expansion in AI-driven business initiatives. For the three months ending in June, the Chinese tech giant posted revenue of 184.5 billion yuan, surpassing analyst expectations of 178.5 billion yuan, according to LSEG data. Domestic gaming…

Shares of Elbit Systems (NASDAQ:ESLT) jumped about 6% in premarket trading Wednesday after the defense technology firm reported higher revenue and profit for the second quarter and announced a significant new contract. The company revealed it had secured a $1.635 billion deal to provide a range of defense solutions to a European country, with deliveries…

Gold prices remained largely steady in Asian trading on Wednesday, supported by moderate U.S. inflation data that reinforced bets on a potential Federal Reserve rate cut. Investors are also keeping an eye on the upcoming U.S.-Russia summit later this week. Spot gold was virtually unchanged at $3,348.87 per ounce, while December gold futures held at…

Oil hovered near two-month lows in Asian trading on Wednesday as investors braced for a high-stakes meeting between U.S. President Donald Trump and Russian President Vladimir Putin scheduled for later this week. Markets also focused on U.S. crude stockpiles after industry data revealed a surprising rise in inventories in the world’s largest oil consumer. Crude…