Meta Platforms (META) shares are slipping in extended hours on Wednesday as investors react to a messy Q2 earnings release that reignited aggressive spending fears. The giant’s revenue reached $60.80 billion – up a better-than-expected 28% year-on-year – but its per-share profit at $6.18 failed to meet consensus estimates. Net income came under pressure as
Microsoft exceeded Wall Street expectations for its fiscal fourth quarter as stronger-than-expected Azure cloud growth and rising adoption of its artificial intelligence products helped ease investor concerns over the company’s massive spending on AI infrastructure. Shares of Microsoft MSFT rose about 3.5% in extended trading after the results were released, with investors responding positively to
Qualcomm (QCOM) shares are inching lower in extended hours after the company reported fiscal Q3 results that reflected persistent semiconductor supply constraints. The company based out of San Diego, CA earned $2.21 per share in its third financial quarter, less than $2.23 that analysts had called for, as net income tumbled 25% year-on-year to $2
Gold held near $4,029 an ounce on Wednesday as traders avoided large bets before a Federal Reserve decision that could reset the outlook for interest rates, the dollar and bullion after weeks of volatile trading. Spot gold was little changed at $4,029.08 by 0301 GMT, while August US futures slipped 0.2% to $4,028.10. The muted
PENGU price has dropped despite Pudgy Penguins’ comic debut as token unlock weighs on sentiment PENGU has extended its decline after the launch of Pudgy Penguins’ first physical comic book series, with the token slipping toward key support as profit-taking and weak technical indicators have outweighed enthusiasm around the brand’s latest product expansion. The token
Micron chief executive Sanjay Mehrotra sold shares worth about $37.3 million on Friday as the memory-chip maker suffers its steepest monthly slide in years. The transaction covered 40,000 shares and preceded Micron’s 8.9% fall on Tuesday to $820.53. The stock is down more than 29% in July and 32% from its June peak, reflecting fears
European shares edged higher on Wednesday, supported by gains in mining and energy stocks. Investors continued to track developments in the Middle East while also looking ahead to earnings reports from major US technology companies. The pan-European STOXX 600 rose 0.35% to 648.54 points by 0704 GMT. The move reflected a cautious rise in European
Ford stock jumped more than 5% in after-hours trading on Tuesday even after the automaker reported a $1.3 billion second-quarter net loss, as investors focused on stronger underlying earnings and a raised outlook. The company delivered adjusted earnings of 42 cents a share, ahead of the 36-cent consensus, while adjusted EBIT rose by $400 million
Financial markets turned cautious midweek as escalating tensions in the Middle East pushed investors toward safer assets. Market participants also remained on the sidelines ahead of the Federal Reserve’s interest rate decision and accompanying policy statement, due later in the American trading session. The cautious approach has kept major currency pairs within relatively narrow trading
Bloom Energy Corp. shares climbed more than 10% in premarket trading. The company reported stronger-than-expected second-quarter results. It also crossed $1 billion in quarterly revenue for the first time. BE raised its full-year 2026 outlook as demand from AI data centers continued to accelerate. The California-based fuel-cell power provider posted quarterly revenue of $1.065 billion,