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Albemarle reports earnings per share of $2.95 from sales of $1.4 billion. Wall Street was looking for earnings per share of $1.19 from sales of $1.3 billion.
Truck broker RXO has offered investors some calm in a sea of Amazon -disruption fears. A year ago, RXO reported Ebitda of $22 million from sales of $1.4 billion. For the second quarter, RXO expects Ebitda of between $27 million and $37 million.
U. S. stock futures moved higher on Wednesday after President Donald Trump paused a military initiative aimed at reopening the Strait of Hormuz and signalled progress toward a possible peace agreement with Iran.
Futures rose. President Trump "paused" his Hormuz opening effort. AI plays AMD, Astera Labs, Lumentum, Arista were earnings movers late.
Markets are eyeing signs of easing in Mideast tensions and impressive AI-fueled tech earnings.
By Lawrence Delevingne and Amanda Cooper May 5 (Reuters) - Global stocks rose on Tuesday, taking some heart from a series of robust earnings, while simmering hostilities between the U.S. and Iran over
Stocks were back near their highest levels on record after Wall Street turned its attention away from Iran and back to earnings season. The Dow rose 305 points, or 0.6%. The S&P 500 was up 0.7%. The Nasdaq was up 0.
Monday, BWX Technologies reported first-quarter earnings per share of $1.12 from sales of $860.2. million.
Shares of Firefly Aerospace rocketed higher after the space technology company reported better-than-expected first-quarter earnings. Firefly is still a smaller, growing company. Wall Street was looking for sales of $77.1 million, according to FactSet.