ADVFN US – Market Content Editor
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Allegion Tops Q2 Forecasts Thanks to Robust Non-Residential Sales
Allegion plc (NYSE:ALLE) delivered stronger-than-expected second-quarter earnings on Thursday, fueled by steady demand in the non-residential sector. Following the results, the company’s stock edged up 1.13% in pre-market trading. The global provider of security products reported adjusted earnings of $2.04 per share, topping the consensus estimate of $1.99. Revenue came in at $1.02 billion, slightly…
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Group 1 Automotive Posts Record-Breaking Q2 Results, Surpassing Forecasts
Group 1 Automotive (NYSE:GPI) delivered standout second-quarter results on Wednesday, with adjusted earnings per share hitting $11.52—well ahead of Wall Street’s expectations of $10.47. The auto retailer also reported $5.7 billion in revenue, topping the $5.62 billion analysts had anticipated. The quarter marked a new high for both revenue and gross profit. Total revenue climbed…
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IBM Shares Fall Over 5% as Software Segment Struggles Despite AI Mainframe Gains
Shares of IBM (NYSE:IBM) dropped more than 5% in premarket trading on Thursday after weaker software sales overshadowed the company’s stronger-than-expected earnings and revenue fueled by ongoing demand for AI technologies. The company reported earnings per share of $2.80, beating analyst forecasts of $2.65, supported by a 320-basis point improvement in operating margin. Revenue reached…
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American Eagle Shares Surge Following Sydney Sweeney Campaign Launch
American Eagle (NYSE:AEO) saw its shares soar 14.6% in premarket trading on Thursday, building on gains from Wednesday after the clothing brand unveiled a new campaign starring actress Sydney Sweeney. The stock initially climbed 6.2% during Wednesday’s regular session when the campaign news broke. The upward momentum accelerated in after-hours trading and carried into Thursday…
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Chipotle Shares Drop Over 10% After Lowering Annual Sales Forecast
Shares of Chipotle Mexican Grill (NYSE:CMG) fell more than 10% on Thursday following the company’s decision to cut its full-year sales outlook amid growing concerns over economic uncertainty that could dampen consumer spending. The introduction of broad U.S. tariffs has raised worries about faster inflation and slower economic growth, prompting some customers to rethink spending…
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T-Mobile shares surge as earnings beat expectations, driven by record postpaid and 5G customer growth
T-Mobile US Inc (NASDAQ:TMUS) reported a standout second quarter, surpassing Wall Street’s forecasts for both earnings and revenue while raising its outlook for the full year. This strong performance pushed the stock up over 5% in premarket trading Thursday. The Bellevue-based telecom giant posted adjusted earnings per share of $2.84, outpacing the consensus estimate of…
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Alphabet Shares Climb as AI Sparks Revenue Growth and Expanded Investment Plans
Alphabet (NASDAQ:GOOGL) saw its shares climb over 2% in early U.S. trading on Thursday following stronger-than-expected second-quarter earnings and an upward revision of its capital expenditure forecast for 2025. The parent company of Google reported earnings per share of $2.31, surpassing analyst predictions of $2.17. Quarterly revenue hit $96.43 billion, well above the consensus estimate…
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Tesla revenue takes a hit amid weaker demand as Musk warns of “rough quarters” ahead
Tesla (NASDAQ:TSLA) shares tumbled over 5% in early U.S. trading on Thursday following CEO Elon Musk’s cautionary remarks about challenging times ahead for the electric vehicle maker amid softening demand and diminishing government incentives. The company is struggling with a notable drop in vehicle deliveries, compounded by the looming expiration of a federal tax credit…
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Oil Prices Rise on Steep U.S. Inventory Drop; Focus on Trade Deal Progress
Oil prices climbed slightly in Asian trading on Thursday, supported by data revealing a sharp decline in U.S. crude stockpiles. Meanwhile, investors stayed watchful as trade negotiations advance ahead of President Donald Trump’s upcoming tariff deadline. At 22:18 ET (02:18 GMT), September Brent futures increased by 0.3% to $68.69 per barrel, while West Texas Intermediate…
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Gold Declines as U.S.-Japan Trade Pact and AI Optimism Dull Demand for Safe Havens
Gold prices slipped further during Asian trading on Thursday, continuing the downward trend from earlier this week. The momentum came as a fresh U.S.-Japan trade agreement and upbeat tech earnings lifted investor confidence, reducing the traditional appeal of gold as a safe asset. After reaching a one-month peak earlier this week, gold surrendered much of…