56m ago
American Electric Power posts $1.36 adjusted EPS miss, lands up to $3.3 billion DOE loan for Texas transmission buildout
American Electric Power reported adjusted earnings of $1.36 per share for the quarter, missing analysts’ expectations of $1.50, while revenue rose to $5.45 billion, beating the $5.34 billion estimate. AEP Texas secured a U.S. Department of Energy loan of up to $3.3 billion to help finance nearly 100 transmission projects, which the company said could generate about $685 million in customer interest savings over the life of the loan. The company said it has now secured about $5 billion in DOE loans and nearly $400 million in DOE grants across its portfolio, programs it expects to deliver about $1.4 billion in total customer benefits over their lifetime.
56m ago
59m ago
Viking Therapeutics shares fall as June 30 quarter loss narrows to $1.10 per share but R&D jumps to $115.8 million
Viking Therapeutics reported results for the fiscal quarter ended June 30, posting a net loss of $1.10 per share that beat expectations but widened from a year earlier. Research and development spending surged to $1.158 billion, up 92%, while cash fell to $502 million. The company is accelerating multiple clinical trials, increasing cash burn. Despite what it describes as a sufficient runway, the market is weighing pipeline execution risk and potential future financing pressure.
59m ago
1h ago
European shares jump, STOXX 600 up 0.8% as earnings lift cyclicals
European equities rose on Thursday, with the pan-European STOXX 600 climbing 0.8% to its highest level since early July, supported by strong results in financials and industrials. BBVA gained nearly 5% after reporting an over 11% year-on-year rise in second-quarter net profit, while Spain’s bank-heavy indexes added 1.8%. Airbus fell 2.8% and Rentokil slumped 21%, partially offsetting broader gains. Energy stocks advanced 1.3% as Brent crude prices rose amid heightened Middle East tensions, according to agencies.
1h ago
1h ago
Ambev revenue falls short at $3.973 billion despite margin expansion and beer volume gains
Ambev reported adjusted earnings of $0.04 per ADS, matching estimates, but revenue of $3.973 billion missed the $4.330 billion consensus. Net revenue totaled 20.15 billion Brazilian reais, up 0.3% as reported and 6.1% organically, alongside a midsingle-digit organic increase in beer volumes. Gross margin expanded 200 basis points to 51.9% and normalized EBITDA margin rose 80 basis points to 31.6%. The revenue shortfall was the key negative in the quarter.
1h ago
1h ago
Ferrari shares rise after revenue tops estimates at 1.94 billion euros and EPS beats forecasts
Ferrari reported revenue of 1.94 billion euros ($2.25 billion), up 8% year over year and above expectations. Earnings per share came in at 2.62 euros ($3.05), also ahead of forecasts. Cars and spare-parts revenue rose on a richer sportscar mix and higher personalization, even as total shipments fell 3.7% to 3,366. EBITDA increased 7% to 755 million euros and net profit rose 9% to 463 million euros.
1h ago
1h ago
Ark Invest cuts $4.4 million in crypto-linked stocks, adds Coinbase and Circle holdings
ARK Invest reduced roughly $4.4 million in crypto-related equities on Wednesday, trimming Bitmine, Block, Robinhood and Bullish. Over the previous three trading days, the firm accumulated about $43.5 million of Coinbase and Circle shares. The moves reflect portfolio rebalancing rather than any change in company fundamentals or a regulatory development. As a result, they are not viewed as a standalone market catalyst.
1h ago
1h ago
Triveni says domestic sugar prices will stay firm in the short term as stocks tighten
Triveni Engineering said its Q1 FY27 sugar sales rose 7.4% year on year to 27.7 lakh tonnes, with average realisation increasing to ₹41,525/tonne. The company said exports of 0.7 million tonnes and diversion of 3 million tonnes of sugar toward ethanol in the October 2025–September 2026 sugar season are expected to push India’s sugar stocks down to 4.1 million tonnes by end-September 2026, a 10-year low. The tighter supply-demand balance is supporting firmer domestic sugar prices in the near term, it said.
1h ago
1h ago
Intel posts $16.1 billion Q2 revenue, up 25% in strongest growth in over 15 years
Intel released its second-quarter results on July 23, 2026, reporting revenue of $16.1 billion, up 25% year over year and its strongest quarterly growth in 15 years. The figure sharply exceeded the market expectation of $14.4 billion. Data Center and AI (DCAI) revenue rose 59% to $6.3 billion, while Client Computing revenue increased 13% to $8.9 billion. The results point to a marked improvement in the fundamentals of Intel’s core legacy asset, INTC stock.
1h ago