Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) shares dropped on Friday morning after the warehouse retailer’s fiscal second quarter earnings fell short of expectations.
The company’s net income was $1.79 billion or $4.02 per share, short of expectations of $4.11 per share.
Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) (HPE) shares plunged more than 15% after the IT firm issued disappointing guidance and delivered an earnings miss for the fiscal first quarter.
For the second quarter, HPE projected adjusted earnings per share (EPS) in the range of $0.28 to $0.34, below the Wall Street consensus of $0.50.
Bayer AG (ETR:BAYN, OTC:BAYZF) has told US lawmakers it may halt sales of its popular Roundup weedkiller in the United States unless stronger legal protections are implemented to protect the company from ongoing product liability lawsuits, according to a Reuters report citing a source with knowledge of the matter.
The German company has already paid about $10 billion to settle claims alleging that the herbicide glyphosate featured in Roundup causes cancer.
European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTCQX:EMHLF) shares jumped 9% after the Czech government designated its Cinovec lithium project as a "strategic deposit" - a move expected to speed up development.
The new status streamlines permitting and approvals, reducing red tape and accelerating key processes such as environmental impact assessments.
Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) shares dropped 32% in early trading on Friday after the company raised £600,000 through a heavily discounted share issue.
The funds were secured via a direct subscription at 0.0125 pence per share—well below recent trading levels of around 0.02p—with proceeds earmarked for operational needs at its Zulu Lithium and Tantalum Project.
Broadcom Inc (NASDAQ:AVGO, ETR:1YD) shares jumped 13% in after-hours trading after the company reassured investors about strong demand for AI chips and delivered a better-than-expected second-quarter forecast.
The semiconductor giant expects revenue of about $14.9 billion for the quarter, ahead of Wall Street’s $14.76 billion estimate.