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Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand
July 30 (Reuters) - Qualcomm QCOM.O projected current-quarter sales above Wall Street expectations on Wednesday, wagering that growing AI capabilities in consumer devices will boost demand for its semiconductors despite ongoing global trade uncertainties.
Reuters
2 minutes ago
Albemarle posts surprise second-quarter profit
July 30 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium for rechargeable batteries, posted a surprise second-quarter profit on Wednesday, helped by rising demand for the metal.Shares of the company rose 5.6% after the bell.Lithium's use in electric vehicles, large-scale ...Reuters
2 minutes ago
REITs end lower as US yields rise, Powell dents hopes for September rate cut
Shares of real estate investment trusts ended the regular session Wed with losses as Treasury yields rose in the wake of Federal Reserve Chair Jerome Powell comments that it is too soon to say whether the central bank will cut interest rates in September.Reuters
3 minutes ago
Microsoft Q4 Earnings Blow Past Estimates; Shares Rocket 8% After-Hours
TradingKey - On July 30, local time, Microsoft Corp. (MSFT) announced its fourth-quarter earnings after market close, surpassing market expectations. Its stock price surged more than 8% in after-hours trading, with a cumulative gain of 23% over the past six months.
TradingKey
14 minutes ago
Industrial software maker PTC raises annual forecast
July 30 (Reuters) - Industrial software maker PTC PTC.O raised its annual forecast and beat Wall Street estimates for third-quarter revenue on Wednesday, helped by robust demand for its design software products. The Boston-based company's stock rose 3.2% after the bell.Companies seeking to digit...Reuters
19 minutes ago
GLOBAL MARKETS-Global stock index dips, dollar climbs as Fed's Powell holds off on Sept rate cut verdict
Wall Street dips as Powell says no decision made on Sept rate cutFed keeps rates steady, notes moderating economic growthTrump announces 50% tariffs on Brazil, 25% tariff for IndiaCopper falls with Trump imposing 50% tariffsBy Sinéad Carew and Samuel Indyk NEW YORK/ LONDON, July 30 (Reuters) - MS...Reuters
19 minutes ago
Microsoft's Azure cloud revenue surges as AI spending pays off
Azure revenue rose 39%, beating estimates of 34.75%Microsoft shares jump in extended tradingMicrosoft's Azure surpasses $75 billion in full-year revenueBy Deborah Mary Sophia, Stephen Nellis and Aditya SoniJuly 30 (Reuters) - Microsoft's MSFT.O Azure cloud-computing business delivered anothe...Reuters
23 minutes ago
Lam Research forecasts upbeat quarterly revenue on strong chip equipment demand
July 30 (Reuters) - Lam Research LRCX.O forecast first-quarter revenue above Wall Street expectations on Wednesday, driven by strong demand for its specialized chip-making equipment used in developing advanced artificial intelligence processors, sending its shares up over 4% in extended trading. ...Reuters
32 minutes ago
SAGE Therapeutics Inc reports results for the quarter ended June 30 - Earnings Summary
SAGE Therapeutics Inc SAGE.OQ reported a quarterly adjusted loss of 79 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.70. The mean expectation of sixteen analysts for the quarter was for a loss of 95 cents per share. Wal...Reuters
33 minutes ago
Benchmark Electronics Q2 profit, sales beats expectations
OverviewBenchmark Electronics Q2 2025 revenue of $642 mln beats analyst expectations, per LSEG dataAdjusted EPS for Q2 2025 exceeds analyst estimates, per LSEG dataCompany achieved multi-year record in new bookings during Q2 2025OutlookBenchmark expects Q3 revenue between $635 mln and $685 mlnCompan...Reuters
37 minutes ago
Meta jumps on big revenue forecast beat, small capex raise
Meta narrows annual capex forecast amid AI raceZuckerberg invests billions in AI data centers, Scale AI stakeInstagram Reels to drive over half of U.S. ad revenueBy Jaspreet Singh and Echo Wang July 30 (Reuters) - Meta Platforms META.O forecast third-quarter revenue well ahead of Wall Street expe...Reuters
37 minutes ago
Tractor Supply Q2 Sales Up 4.5 Percent
Tractor Supply Company(NASDAQ:TSCO) reported second quarter 2025 earnings on July 24, 2025, achieving net sales of $4.44 billion, a 4.5% increase compared to the prior year period, comparable store sales growth of 1.5%, and diluted EPS of $0.81. Management reaffirmed full-year 2025 guidance, outline...The Motley Fool
37 minutes ago
CANADA STOCKS-TSX posts biggest decline in 10 weeks as Fed and BoC remain sidelined
TSX ends down 0.6% at 27,369.96Posts biggest decline since May 21BoC holds key interest rate at 2.75%Materials group falls 2.1% as copper tumblesBy Fergal Smith July 30 (Reuters) - Canada's main stock index fell on Wednesday, with the materials sector leading broad-based declines as metal pri...Reuters
38 minutes ago
US STOCKS-Equities retreat as Powell dampens Fed Sept cut hopes
Fed keeps rates unchanged, two governors dissentU.S. GDP up 3% in Q2 Indexes: Dow off 0.38%, S&P 500 off 0.12%, Nasdaq up 0.15%Market expectations for September rate cut fall below 50%By Chuck Mikolajczak July 30 (Reuters) - U.S. stocks closed well off earlier highs after a choppy session...Reuters
38 minutes ago
Kwinana underperformance weighs on FY25 for IGO; but Greenbushes steady
** Analysts at Morningstar say the path to earnings recovery for Australia's IGO IGO.AX hinges on refinery improvement and support in underlying lithium prices** Says the Greenbushes spodumene mine met FY25 production guidance while the embattled Kwinana lithium hydroxide refinery missed and is ...Reuters
45 minutes ago
Prime Medicine falls on stock offering launch
** Shares of gene-editing firm Prime Medicine PRME.O down 9.4% to $3.55 in extended trading as it seeks equity raise** Cambridge, Massachusetts-based PRME commences stock offering; deal size not disclosed** TD Cowen and BMO are jt bookrunners** Co has ~134.5 mln shares outstanding for ~$527 mln mark...Reuters
46 minutes ago
EBay sees quarterly revenue above estimates on steady demand for refurbished items
July 30 (Reuters) - E-commerce firm eBay EBAY.O forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling robust demand for products like collector's items and refurbished goods, sending its shares up 7% in extended trading.EBay is likely to compete comparatively well in...Reuters
48 minutes ago
Trump hits Brazil with 50% tariffs, excludes aircraft, OJ, energy
WASHINGTON, July 30 (Reuters) - U.S. President Donald Trump on Wednesday slapped a 50% tariff on most Brazilian goods to fight what he has called a "witch hunt" against former President Jair Bolsonaro, but softened the blow by excluding sectors such as aircraft, energy and orange juice. ...Reuters
48 minutes ago
