News Blog

Enphase Energy Extends Weakness on Slumping Residential Demand

Enphase Energy shares were slumping in premarket trading Wednesday after the battery and solar company fell short of expectations and lowered its outlook, citing weak residential demand.

GE Vernova boosts grid push with $9 billion Trench deal, lifts revenue forecast

GE Vernova said on Wednesday it would buy high-voltage grid equipment maker Trench Group in a $9 billion deal from investment firm Triton Partners and raised its full-year revenue forecast for the ​third straight time.

Vertiv shares surge on big Q3 beat, upgraded full-year guidance

Vertiv shares surged more than 12% in premarket trading Wednesday after the data center equipment maker handily beat third-quarter estimates by and sharply raised its full-year guidance.

SK Hynix shares jump 11% after record quarterly profit, outperforming broader market

South Korean chipmaker SK Hynix shares closed 10.89% higher on Wednesday after the company reported record quarterly profit that sharply beating estimates, and announced over $25 billion in dividends and buybacks.

Seagate Stock Falls as Record-Breaking Earnings Aren’t Enough

Shares of Seagate Technology declined as the hard-drive maker’s strong quarterly earnings weren’t enough for investors.

StanChart shares soar after it hikes full-year targets and trounces profit estimates

Standard Chartered (StanChart) ‌on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher.

BNP Paribas beats Q3 profit forecast, unveils €1.3 billion share buyback

BNP Paribas posted a forecast-beating rise in third-quarter profit on Wednesday, aided by its investment bankers, as the lender announced ‌a €1.3 billion ($1.45 billion) share buyback and played down the impact of soaring government ‌bond yields.

Stellantis reports $4.5 billion cash drain as massive turnaround plan continues

European car giant Stellantis reported a 4 billion euro ($4.5 billion) cash shortfall in the third quarter as it ploughed ahead with a $70 billion turnaround strategy to restore profitability.

Visa Posts Record Annual Revenue. The Focus Now Shifts to Reaching New Customers.

Visa reported better-than-expected results and double-digit growth in transactions on Tuesday as it closed out a record year for revenue and profits.

Unilever flags price hikes as Iran war costs stack up

Unilever expects price rises to increase in the ​fourth quarter and next year, it said on Wednesday as it aligns with other consumer goods makers that have said ‌they will pass on to customers a surge in costs linked to the war with Iran.

UBS pretax profits jump 27% in third quarter to $3.59 billion as wealth inflows surge

UBS reported a pretax profit of almost $3.6 billion in the third quarter, up 27% year over year, largely in line with consensus forecasts. The Swiss banking and asset management giant saw strong net inflows into its global wealth management business.

Biogen Crushes Earnings Estimates. As Old Blockbusters Fade, New Bets Pick Up the Slack.

Revenue rose 11% to $2.8 billion, beating forecasts of $2.6 billion, fueled by strength in Biogen’s growth portfolio and the first full quarter of contributions from its acquisition of Apellis Pharmaceuticals in May.

Nvidia to invest $3 billion in Meta as tech giants deepen AI partnership

Nvidia has said it will invest $3 billion in Meta after the social media and AI giant announced plans to raise $95 billion to support its investments in artificial intelligence infrastructure.

Nucor (NUE) Q3 Earnings and Revenues Top Estimates

Nucor came out with quarterly earnings of $5.8 per share, beating the Zacks Consensus Estimate of $5.71 per share. This compares to earnings of $2.63 per share a year ago.

Cadence Design Systems Raises Guidance on Agentic AI Opportunities

Artificial-intelligenc chip design company Cadence Design Systems CDNS +1.79% posted profit and revenue well above expectations.

Corning Profit Surges on AI Demand

Corning’s third-quarter net income rose 58% amid torrid demand for fiber-optic materials from the artificial-intelligence buildout.

DoorDash in talks to buy Instacart in roughly $17 billion deal, source says

DoorDash, opens new tab is in advanced talks to acquire Instacart, opens new tab in a deal that ​could value the grocery-delivery platform at about $17 billion, a source familiar with ‌the matter told Reuters on Monday.

Boeing jetliner production challenges weigh on third-quarter results

Boeing on Tuesday reported a third-quarter loss of 26 cents per share, as challenges in its commercial airplane division overshadowed larger margins in the rest of the company.

Centene (CNC) Q3 Earnings and Revenues Surpass Estimates

Centene came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.07 per share.

SoFi Lifts Outlook After Profit, Revenue and Memberships Jump

SoFi Technologies raised its full-year guidance after posting higher profit and revenue as well as more memberships.