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SECOND QUARTER ESTIMATES
US stocks: Nasdaq leads Wall Street higher as AI stocks rally, inflation supports Fed pauseUS stock markets rallied on Wednesday, with the Nasdaq taking the lead in gains. Encouraging earnings reports from AI infrastructure compan...- Nebius beats quarterly revenue estimates as AI demand fuels growthThe Amsterdam-based AI infrastructure firm reported total revenue of $582.3 million for the quarter ended June, compared with analysts' a...
- CoreWeave boosts 2026 spending plan, beats quarterly estimates on AI demand surgeThe AI cloud company also lifted its targets for 2026 revenue and adjusted profit, banking on a ballooning order book, after its revenue ...
- China's Tencent posts 11% second-quarter revenue rise, profit misses estimatesFor the three months ended June, the Shenzhen-based gaming and internet company reported revenue of 204.8 billion yuan ($30.36 billion), ...
- Foxconn posts quarterly profit surge on AI server demandThe company said net profit for April-June reached NT$59.97 billion ($1.86 billion), up 35% from the previous year. Foxconn, whose official...
- Global Market: European bluechip earnings set for strongest growth since 2022 as energy sector powers profitsEuropean blue-chip companies are gearing up for their most promising quarterly earnings growth in the last three years, with the energy sec...
- Global Market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest ratesSingapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income cha...
- Lyft posts record bookings, but higher promotions fuel profit missThe ride-hailing services provider has stepped up spending on incentives and loyalty programs to attract and retain customers and sustain g...
- Ralph Lauren shares jump 7% as shoppers in Asia, North America drive revenue beatRalph Lauren's first-quarter financial performance surpassed expectations, showcasing a robust demand driven by younger consumers across va...
- Chime raises 2026 revenue forecast on robust demand, CFO to step downChime has increased its revenue growth forecast for the full year. The digital banking company also announced the departure of its Chief Fi...
- Circle shares fall nearly 4% as revenue miss overshadows quarterly profit beatCircle's profits in the second quarter significantly outperformed expectations, attributed to the growing adoption of USDC tokens. The surg...
- Uber shares drop 6% as weak forecast overshadows strong bookingsUber’s strong second-quarter growth was overshadowed by a weak outlook, sending shares down 6% as the company ramps up autonomous-vehicle i...
- AMD's AI-powered revenue forecast fails to wow investorsYet, its shares fell nearly 9% in extended trading, suggesting that investors were looking for an even stronger outlook after the stock mor...
- Spotify's higher spending on marketing, AI features to hit profitSpotify anticipates that increased marketing and development expenditures will adversely affect profits in the current quarter. The platfor...
- Spotify forecasts weak profit as user growth slows in North America, EuropeSpotify anticipates lower third-quarter profit, missing Wall Street expectations. Slowing user growth in key regions impacts the streaming ...
- Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
- US Stock Market: Treasury sees higher Q3 borrowing needs as cash flow outlook weakensThe US Treasury anticipates borrowing $739 billion in the third quarter. This borrowing estimate reflects lower cash flows and a stronger o...
- Onsemi forecasts upbeat revenue on surging AI data center chip demandOnsemi anticipates third-quarter revenue exceeding Wall Street expectations. This growth stems from surging demand for power management chi...
- Snap beats revenue estimates on ad boost from World Cup, shares surgeSnap's second-quarter revenue surpassed estimates, boosted by World Cup advertising and large advertiser activity. The social media company...
- Oreo maker Mondelez beats second-quarter estimates on steady demandMondelez International exceeded revenue and profit expectations for the second quarter. Steady demand for biscuits and chocolates, along wi...
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