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.
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 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 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.
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.
Shares of Seagate Technology declined as the hard-drive maker’s strong quarterly earnings weren’t enough for investors.
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 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.
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 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 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 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.
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 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 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.
Artificial-intelligenc chip design company Cadence Design Systems CDNS +1.79% posted profit and revenue well above expectations.
Corning’s third-quarter net income rose 58% amid torrid demand for fiber-optic materials from the artificial-intelligence buildout.
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 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 came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.07 per share.
SoFi Technologies raised its full-year guidance after posting higher profit and revenue as well as more memberships.