Intel Corp (NASDAQ:INTC, ETR:INL) reported mixed earnings for the second quarter, with revenue ahead of Wall Street estimates as profits were impacted by one-time charges.
Revenue for the quarter was $12.9 billion, flat year-over-year and above estimates of $11.87 billion.
Tesla Inc (NASDAQ:TSLA) shares moved almost 10% lower following the automaker’s second quarter earnings report as CEO Elon Musk warned the company could face “a rough few quarters ahead.”
The company is facing several challenges, including the loss of the US federal EV tax credit, rising competition, tariff costs and Musk’s political activities, which has alienated some of its customer base.
Teck Resources Ltd (TSX:TECK.B) announced that its board has approved the construction of the Highland Valley Copper Mine Life Extension Project in British Columbia, Canada, extending the project’s operational life from 2028 through to 2046.
Copper production is expected to average 132,000 tonnes annually over the extended mine life.
STMicroelectronics (NYSE:STM) shares tumbled after the semiconductor company reported an earnings miss for the second quarter, as its profits took a hit from significant one-time expenses.
Earnings per share of $0.06 were down from $0.38 in the year-ago quarter and missed Wall Street estimates of $0.10.
American Eagle Outfitters Inc. (NYSE:AEO) shares surged more than 8% after it launched a new marketing campaign featuring actress Sydney Sweeney, best known for her roles in the HBO shows Euphoria and The White Lotus.
The company’s fall 2025 campaign, titled “Sydney Sweeney Has Great Jeans,” includes a limited-edition jacket inspired by Sweeney’s on-set style and “The Sydney Jean,” created in collaboration with her.
Synchronoss Technologies Inc (NASDAQ:SNCR) announced that it has received a tax refund of $30.2 million under the 2020 CARES Act.
The provider of personal Cloud solutions said that the Internal Revenue Service confirmed the total refund amount will be $33.9 million, including $5.9 million in interest.
International Business Machines Corp (NYSE:IBM) reported second quarter earnings that beat expectations on the top and bottom lines, but a miss on software revenue saw its shares fall almost 9% in early trade on Thursday.
Total revenue of $17 billion, up 8% year-over-year, was ahead of the Street consensus of $16.58 billion.
American Airlines Group Inc (NASDAQ:AAL, ETR:A1G) warned of a surprise third-quarter loss on Thursday, sending its shares down 7.7% in morning trading despite reporting record revenue and stronger-than-expected second-quarter earnings.
The carrier forecast an adjusted loss of $0.60 to $0.10 per share for the third quarter, far below analysts’ expectations of a $0.76 profit.
Honeywell International Inc (NYSE:HON, ETR:ALD) raised its full-year revenue and profit forecasts on Thursday after reporting better-than-expected second-quarter earnings, driven by strong growth in its building automation and aerospace units.
The industrial conglomerate posted revenue of $10.4 billion, up 8% from a year ago and above analysts’ estimate of $10.05 billion.
Bango PLC (AIM:BGO, OTCQX:BGOPF)shares rose 5% after the digital payments and subscription specialist posted a solid first-half update, with revenue up 5% to $25.2 million.
The group’s Digital Vending Machine (DVM), which lets telecom operators offer bundled web and media subscriptions like Netflix and Disney+, saw recurring revenue jump 21% to $15.6 million, fuelled by strong growth in active subscriptions, which doubled to 19.2 million over the year.
Hard to swallow. That seems to be the three-word summary of the latest update from Chipotle Mexican Grill Inc (NYSE:CMG), which has been forced to contend with wavering consumer demand and rising economic pressure on diners.
Shares in the burrito chain, a former darling of the fast food sector, fell 10% in after-hours trading after it posted a second consecutive quarter of falling sales and downgraded its outlook for the year.