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Investing.com -- Legence Corp. (NASDAQ:LGN) reported first-quarter results that exceeded analyst expectations and raised its full-year outlook, sending shares up 9% premarket as investors responded positively.
Cisco stock jumped on strong earnings and job cuts, while chip maker Cerebras Systems made its market debut with a $5.55 billion IPO
US markets were set for another higher open on Thursday despite mounting inflation concerns and rising Treasury yields, as investors continued piling into artificial intelligence-linked technology stocks. Dow Jones futures indicated an initial gain of 377 points, or 0.8%, while S&P 500...
Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing deals and strong sales at businesses like Fandango helped cushion the impact of pay-TV cord cutting. The Comcast spinoff, whose portfolio is centered on cable networks, has been expanding the reach of major brands including CNBC and MS NOW to stay competitive as viewers increasingly move to streaming. For the January-March period, total revenue came in at $1.69 billion compared with estimates of $1.62 billion, according to data compiled by LSEG.
The company beat Wall Street expectations in its second earnings report since it was spun off from Comcast.
Qnity Electronics (Q) is back in focus after first quarter results topped expectations and the company raised its full year 2026 earnings guidance, tightening projected net sales to US$5.225b to US$5.375b. See our latest analysis for Qnity Electronics. After an early pop on the earnings beat and guidance hike, Qnity’s share price has cooled slightly, with a 1 day share price return showing a 3.77% decline, but the 90 day share price return of 49.27% and year to date share price return of...
May 14 (Reuters) - Futures tracking the S&P 500 and the Nasdaq rose to record highs on Thursday as Nvidia's shares jumped, while investors watched developments around the high-stakes U.S.-China summit
Network insights from the logistics giant will help enable data-driven supplier management and boost visibility, per a news release.
Investing.com -- Nokia shares jumped more than 7% on Thursday after Cisco reported quarterly results and issued guidance that topped Wall Street expectations, lifting sentiment across the broader networking sector.
Shares in Cisco Systems (CSCO) surged premarket after the company laid out plans to cut thousands of jobs to free up cash for artificial intelligence. In announcing it plans to shed about 5% of its workforce just this quarter, Cisco joins a number of companies making drastic cuts to adapt to the AI era—most recently GitLab (GTLB), which made headlines earlier this week when it outlined plans to shrink its footprint and headcount, scrap layers of management and use AI to automate certain functions. Cisco shares are up about 18% ahead of the opening bell.
(Updates with the latest stock price movement in the headline and the first paragraph.) Cisco Sys
Nvidia is scheduled to report earnings for its first quarter of fiscal 2027 on May 20.
Net profit for January-March for Nvidia's biggest server maker and Apple's top iPhone assembler was T$49.92 billion ($1.58 billion), versus a LSEG consensus estimate of T$48.88 billion. In an earnings release, it stuck to its previous forecast of "strong" growth for revenue this year and said it also saw strong demand for AI servers. Foxconn, formally called Hon Hai Precision Industry, in April reported a 30% on-year jump in first-quarter revenue.
May 14 (Reuters) - The U.S. has cleared around 10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the
Spiking energy prices have pushed inflation to a three-year high of 3.8%. Investors expect price pressures related to the Iran war to ease—one reason the stock market keeps chugging along. Retirees who collect Social Security should get a bigger raise next year.
AEye Inc (LIDR) reports a 60% revenue increase, expands customer base, but faces challenges with net loss and cash burn.
Cerebras reportedly rejected a preliminary acquisition approach weeks before its expected IPO pricing.
The AI chipmaker's growth story is still extraordinary, but rising competition and a premium valuation make another name in the space look more attractive.
Cisco reported record revenue and surging AI demand while announcing job cuts affecting thousands as it repositions for an AI-driven future.
This earnings season’s big winners include makers of AI-oriented hardware, but the list also includes some surprises.
By Max A.
Eos Energy Enterprises Inc (EOSE) reports a fivefold revenue increase and strategic growth initiatives, while navigating material cost pressures and aiming for positive margins by year-end.
(Bloomberg) -- Cisco Systems Inc. gained as much as 19% in late trading after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in
A stock fell nearly 13% after earnings on May 8. By the next morning, Michael Burry had already bought a full position. He posted about it on Substack before the market opened. The speed of that move tells you almost everything about how Burry thinks. The details of why he moved tell you the rest. ...
Snail, Inc. (SNAL) delivered earnings and revenue surprises of +128.57% and +51.64%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
For years, Netflix operated on a simple premise: charge people a monthly fee, create engaging content, and grow. That model worked brilliantly. But something has quietly shifted. Netflix (NFLX) just raised prices again. And while the sticker shock is real, the more important story is what's ...
The latest leg of a blistering Nvidia stock rally fueled fresh records for the S&P 500 and Nasdaq Wednesday, after Chief Executive Jensen Huang joined a high-stakes China summit that could determine the next phase of the global AI arms race. Shares of Nvidia rose 2.3%, their sixth consecutive day of gains. In a sign of the chip maker’s dominance over the market, Nvidia in intraday trading became the first company to reach a market capitalization of $5.5 trillion.
The S&P 500 and Nasdaq ran higher, led by Google, Nvidia, Tesla and other titans. Cisco earnings beat while AI chipmaker Cerebras will price its IPO.
Investor support for Ford Motor's energy storage business sent its stock soaring 13% Wednesday, the biggest single-day increase in about six years, following a note from Morgan Stanley highlighting details released by the company on Monday. Ford announced its wholly-owned energy subsidiary late last year, and it is being directed by Lisa Drake, who has been a key leader in the company's efforts around electric vehicles. • After a $19.5 billion writedown on its EV programs in December, Ford announced it would launch an energy storage business, utilizing plant space in Kentucky that was previously meant to produce batteries for electric vehicles.
