ADVFN US – Market Content Editor
-
Nvidia Reaffirms Chips Are Free of Kill Switches and Backdoors Amid Regulatory Pressure
Nvidia (NASDAQ:NVDA) has once again emphasized that its chips are free of hidden access points or remote shutdown capabilities, pushing back against growing calls from U.S. lawmakers for tighter hardware controls. In a blog post published Tuesday, the semiconductor giant stated that its graphics processing units (GPUs) “do not and should not have kill switches…
-
Oil Prices Gain Ground on Talk of Stricter Russia Sanctions, Recovering from Recent Lows
Oil futures rose Wednesday, bouncing back from a five-week trough hit the day before, supported by expectations of tighter U.S. sanctions on Russian oil buyers. By 08:55 ET (12:55 GMT), October Brent crude futures were up 1.5%, trading at $68.67 per barrel. Meanwhile, West Texas Intermediate (WTI) crude rose 1.6% to $66.18 per barrel. Russia…
-
Southwest Gas Shares Drop 3% Despite Q2 Earnings Beat, Revenue Falls Short
Southwest Gas Holdings, Inc. (NYSE:SWX) reported adjusted earnings for the second quarter that exceeded analyst expectations, but shares declined 3.2% after revenue missed estimates amid the company’s ongoing shift to become a pure-play natural gas utility. The company posted adjusted EPS of $0.53, outperforming the $0.39 forecast, while revenue reached $1.12 billion, falling short of…
-
Ramaco Resources Shares Drop Sharply After Pricing Public Offering Below Market
Ramaco Resources Inc. (NASDAQ:METC) saw its stock decline by 14% following the announcement of a public offering priced well under the prior day’s closing level. The coal and minerals company set the price for its underwritten public offering at $18.75 per share for 10.67 million Class A common shares, a steep discount to Wednesday’s closing…
-
Avnet Surpasses Q4 Estimates, Shares Steady Amid Cautious Forecast
On Wednesday, Avnet, Inc. (NASDAQ:AVT) released its fiscal fourth-quarter 2025 results, beating analyst predictions with adjusted earnings per share of $0.81, above the anticipated $0.74, and revenue of $5.6 billion, exceeding the consensus of $5.36 billion. The electronics components distributor posted a 1.0% year-over-year rise in quarterly sales, although its adjusted operating income margin narrowed…
-
MarketAxess Tops Expectations but Shares Dip Nearly 3% on Restructuring Expenses
MarketAxess Holdings Inc. (NASDAQ:MKTX) reported stronger-than-expected second-quarter results on Wednesday, though its shares dropped 2.8% in pre-market trading amid concerns over repositioning costs. The electronic fixed-income trading platform posted adjusted earnings of $2.00 per share, slightly beating analyst projections of $1.97. Revenue hit a new high of $219.5 million, narrowly surpassing the consensus estimate of…
-
Gibraltar Industries Falls Short in Q2 but Sticks to Full-Year Targets
Gibraltar Industries, Inc. (NASDAQ:ROCK) reported adjusted earnings for the second quarter that missed analyst forecasts on Wednesday, yet the company reaffirmed its full-year outlook as it sharpens its focus on building products and structures after planning to divest its Renewables segment. The company, which supplies products for residential, agricultural technology, and infrastructure sectors, posted adjusted…
-
Delek US Narrows Q2 Loss Thanks to Stronger Refining Margins
Delek US Holdings (NYSE:DK) posted a smaller-than-expected adjusted loss for the second quarter, as improved refining margins helped the company navigate persistent headwinds in the energy sector. The company reported an adjusted loss of $0.56 per share, ahead of Wall Street’s projected loss of $0.86. Revenue came in at $2.76 billion, surpassing the consensus forecast…
-
Dow Jones, S&P, Nasdaq, U.S. Futures,Wall Street Eyes Recovery as Earnings Boost Investor Confidence
U.S. stocks appear poised to rebound Wednesday morning, with index futures slightly higher amid a wave of strong corporate earnings reports that are lifting investor sentiment after Tuesday’s pullback. A series of upbeat quarterly results is helping shift market momentum. McDonald’s (NYSE:MCD) is leading the charge, surging 4.0% in premarket trading after its second-quarter earnings…
-
Wolverine World Wide beats Q2 expectations with strong sales and margin gains
Wolverine World Wide, Inc. (NYSE:WWW) delivered second-quarter results that surpassed Wall Street expectations, as double-digit revenue growth and record gross margins drove a sharp increase in adjusted earnings. For the quarter ended June 28, 2025, the footwear and apparel maker reported adjusted earnings per share of $0.35, handily beating the $0.23 consensus estimate. Revenue rose…