Shares of American Tower climbed 4.7% to $174.62 on Tuesday after the real estate investment trust raised its full-year guidance. Driven by robust leasing activity and a steady rise in mobile data consumption, the company now projects property revenue growth of approximately 4.5%, outperforming its previous estimate of 3.4%.
A cooling of hostilities between the United States and Iran has prompted a sharp retreat in global oil markets, with crude futures shedding over $3 per barrel by midday Tuesday. The sell-off marks a third consecutive session of decline as traders unwind risk premiums tied to potential supply disruptions in the Persian Gulf.
Investors sent T1 Energy shares tumbling 18% to $4.04 Tuesday morning after the company announced a $135 million acquisition of solar technology assets from Singapore-based Evervolt. The market reaction signals skepticism toward the deal, which compounds a 21% decline in the stock price over the last three months.
Shareholders of Wells Fargo are set for a payout boost as the San Francisco-based bank lifts its quarterly dividend to 50 cents, up from 45 cents. The move follows the institution's successful performance in the Federal Reserve’s latest annual stress test, fulfilling a commitment made to investors last month.
A sharp shift in market sentiment is pulling capital away from artificial intelligence leaders, as investors pivot toward neglected sectors. While the Dow Jones Industrial Average climbs, the technology-heavy Nasdaq is suffering from a retreat in semiconductor giants, signaling growing anxiety over the sustainability of the recent AI-driven rally.
Shares of Armstrong World jumped 11% to $183.50 after the manufacturer raised its fiscal 2026 financial targets, signaling confidence in its growth trajectory despite broader economic volatility. The company surpassed analyst expectations on both earnings and revenue, bolstered by strong performance in its architectural specialties and mineral fiber divisions.
A 27% slide in share price greeted Travelzoo investors Tuesday morning after the company reported a $2.1 million quarterly loss. The travel club’s performance faltered as international geopolitical tensions dampened both consumer confidence and advertising spend, causing the firm to miss revenue expectations for the second quarter.
A federal court in New York has ordered Papaya Gaming to pay $719 million to Firy, formerly known as Skillz Inc., following a protracted legal battle over false advertising. The judgment marks a significant escalation in the dispute, replacing a prior $420 million jury award with a larger disgorgement of unjust profits.
A 32% drop in Replimune Group’s stock price followed the release of FDA briefing documents questioning the efficacy of the company’s melanoma treatment, vusolimogene oderparepvec. The agency’s assessment suggests the biotech firm has failed to provide sufficient data to satisfy regulatory requirements ahead of Thursday's advisory committee meeting.
The South San Francisco food supply chain operator has filed a draft registration statement with the U.S. Securities and Exchange Commission, marking the first formal step toward an initial public offering. The company confirmed that the size and pricing of the potential market debut remain under review pending regulatory approval.
Tesla has locked in a long-term power purchase agreement with independent producer ContourGlobal, securing 90% of the output from the upcoming Project Sterling. This hybrid solar and battery facility, expected to generate one terawatt-hour annually, marks a significant expansion of Tesla’s renewable energy infrastructure for its California operations.
Fomento Economico Mexicano reported a 65% surge in second-quarter profit, reaching 9.22 billion Mexican pesos. The retail and beverage giant benefited from a significant boost in sales at its Oxxo convenience store chain and improved operating margins, signaling a recovery in customer traffic after several quarters of decline.
Shares in Swiss chemicals giant Sika jumped 5.95% in early European trading to 170.85 francs, fueled by first-half sales that outperformed market expectations. The company reported 5.68 billion francs in revenue, prompting leadership to lift its full-year growth outlook despite ongoing global economic headwinds.
Investors are sharpening their focus on Sanofi’s second-quarter results this Thursday, but the financial figures may be secondary to the debut of new CEO Belen Garijo. Making her first public appearance since her May appointment, Garijo must address urgent questions about the company’s future beyond its reliance on the blockbuster drug Dupixent.
Textron reported second-quarter earnings of $248 million, or $1.42 per share, as strong military demand and strategic pricing adjustments drove revenue to $3.83 billion. The results outperformed analyst expectations, pushing adjusted per-share earnings to $1.62 against a projected $1.55, signaling resilience across the manufacturer's diversified business segments.
Deep in the Athabasca Basin, the heavy machinery has finally arrived as Denison Mines pivots from site preparation to full-scale construction at its Phoenix In-Situ Recovery mine. This move marks a significant shift for the Wheeler River project, currently the largest undeveloped uranium site in eastern Saskatchewan.
Dallas-based energy firm HF Sinclair will split its lubricants and specialties segment into an independent, publicly traded company within the next 18 months, aiming to sharpen its financial focus and improve cash flow stability without requiring a formal shareholder vote.
John Ghingo will take the helm as chief executive officer of Hormel Foods on October 26, expanding his current role as president of the Austin-based consumer goods company. The transition marks a permanent shift in leadership for the maker of Spam and Skippy peanut butter, replacing interim executive Jeff Ettinger.
Rising manufacturing costs and a challenging sales mix have forced Oshkosh to dial back its full-year profit projections, even as the specialty vehicle manufacturer reports strong demand for its fire trucks and access equipment. The company now expects adjusted annual earnings of $11 a share, despite lifting its revenue forecast to $11.2 billion.
Detroit-based DTE Energy is holding firm on its full-year earnings projections, even as the utility provider reported a slide in operating income for the second quarter. The company, which services millions of customers across Michigan, managed to exceed analyst expectations despite the cooling performance in its core operational segments.
Atea Pharmaceuticals has cleared a critical hurdle for its hepatitis C program, reporting that its combination therapy of bemnifosbuvir and ruzasvir met primary endpoints in a global Phase 3 trial. The results position the company to challenge established treatment regimens by demonstrating competitive efficacy in viral suppression.
A 65% surge in enterprise network sales, fueled by generative AI demand, has propelled Corning to a stronger-than-expected second quarter. The company reported net income of $559 million, significantly outpacing the $469 million recorded during the same period last year as specialized optical fiber becomes essential for hyperscale data centers.
In a strategic bid to bypass the global bottleneck for AI-ready power and land, AMD has locked in a partnership with Core Scientific to secure up to 2.5 gigawatts of data center capacity. This agreement positions AMD to accelerate the deployment of its high-performance computing hardware across a massive new footprint.
After nearly two decades at Conagra Brands, Chief Operating Officer Tom McGough is set to retire on September 4. His departure triggers a structural overhaul, as the snack and frozen meal giant moves to eliminate the COO position entirely while consolidating leadership reporting lines under new CEO John Brase.
Shares of IQVIA Holdings climbed 8.3% to $230.99 in premarket trading after the biopharmaceutical services provider reported second-quarter revenue of $4.37 billion. This performance surpassed analyst projections of $4.3 billion, signaling a robust recovery for the company as it approaches its 52-week price high.
S&P Global reported a surge in second-quarter profit and revenue, driven by record-breaking performance in its core ratings and index divisions. The financial services giant posted net income of $1.22 billion, comfortably outpacing year-ago figures as the company finalized the separation of its mobility unit.
A 9.5% premarket surge in Altimmune shares follows positive Phase 2 clinical results for pemvidutide, a dual receptor agonist aimed at treating moderate-to-severe alcohol-use disorder. The rally offers a reprieve for the stock, which had suffered an 18% decline since the beginning of the year.
A 4% rise in product pricing has buoyed Ecolab’s bottom line, prompting the water treatment giant to lift its full-year earnings guidance. Despite persistent pressure from global commodity costs, the company outperformed analyst expectations in the second quarter, signaling that its aggressive surcharge strategy is effectively protecting profit margins.
Paccar navigated a softening in global vehicle deliveries to post a second-quarter net income of $752 million, or $1.43 per share. The results comfortably surpassed analyst expectations of $1.34 a share, even as the manufacturer faced a slight decline in volume across its North American truck segment.
With revenue climbing to $4.3 billion and profit reaching $815 million, Illinois Tool Works is recalibrating its financial expectations for the remainder of the year. The industrial manufacturer’s second-quarter performance surpassed analyst projections, fueled by accelerating sales momentum across its various business divisions.
