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Clear Secure shares climb after earnings beat and stronger outlook
InvestorsHub47d agobullish
Clear Secure shares climb after earnings beat and stronger outlook

Clear Secure (NYSE:YOU) shares rose more than 6% in pre-market trading on Wednesday after the identity technology company reported second-quarter results that topped Wall Street expectations and issued stronger guidance for the months ahead. The company posted adjusted earnings of $0.

CVS Stock Rises Near Buy Point On Hearty Earnings Checkup
Investor's Business Daily47d agobullish
CVS Stock Rises Near Buy Point On Hearty Earnings Checkup

CVS Health earnings surged past tepid forecasts after reporting its health benefit costs fell as a share of premiums. The pharmacy chain hiked its full-year outlook by a bit less than the Q2 beat. Analysts say that management's prudence in trying to grow its health benefits business let the company avoid the worst fallout from surprisingly strong medical care utilization.

Investing.com47d agobullish
Shopify soars on strong revenue beat, robust guidance

Investing.com -- Shopify Inc. (NASDAQ: SHOP) reported second-quarter results that exceeded analyst expectations on both revenue and earnings, sending shares up 26% premarket as the company delivered accelerating growth across key metrics.

Canada's Shopify forecasts revenue above estimates, shares surge
Reuters47d agobullish
Canada's Shopify forecasts revenue above estimates, shares surge

Canada's Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company's AI efforts were drawing more merchants ‌to its suite of e-commerce services, sending its U.S.-listed shares up 26% ‌premarket. The company's solid outlook and a second-quarter revenue beat are set to quell investor concerns about growing ​competition from new AI tools targeting small businesses that have dented Shopify's shares. If premarket gains hold, Shopify shares are set to recoup all losses this year.

Eli Lilly raises annual revenue forecast as obesity, diabetes drug demand stay strong
Reuters47d agobullish
Eli Lilly raises annual revenue forecast as obesity, diabetes drug demand stay strong

Aug 5 () - Eli Lilly and Co raised ‌its full-year revenue ‌forecast on Wednesday, banking ​on sustained demand for its blockbuster GLP-1 weight-loss and diabetes drugs. The ‌move comes ⁠less than a day after rival ⁠Novo Nordisk also hiked its full-year profit ​and sales ​forecast, ​banking on ‌its oral Wegovy pill to help claw back lost ground from Lilly in the lucrative ‌obesity market.

GM extends SAIC partnership with new 20-year agreement following China overhaul
InvestorsHub47d agobullish
GM extends SAIC partnership with new 20-year agreement following China overhaul

General Motors (NYSE:GM) has renewed its joint venture with China’s SAIC Motor for another 20 years, marking a new chapter for the partnership after a major restructuring of its operations in the Chinese market that included factory closures and a streamlined vehicle lineup. The renewed agreement preserves the companies’ 50-50 ownership structure and places greater emphasis on developing vehicles within China to better meet the preferences of local consumers.

SpaceX's earnings beat runs into a $116bn problem
Proactive47d agobullish
SpaceX's earnings beat runs into a $116bn problem

SpaceX Corp (NASDAQ:SPCX) did almost everything investors had asked of it in its first quarterly report as a public company, and the shares fell anyway. Revenue of $7.8 billion for the April to June quarter came in ahead of the $6.81 billion analysts had pencilled in, and adjusted earnings...