Snap Inc (NYSE:SNAP) shares tumbled almost 15% after Tuesday’s closing bell as the social media platform’s second quarter earnings disappointed investors, with key metrics falling short of expectations.
A loss per share of $0.16 was worse than the loss per share of $0.15 reported for the same period last year and earnings per share of $0.01 expected by Wall Street analysts.
Super Micro Computer Inc (NASDAQ:SMCI) reported fourth-quarter results that missed Wall Street estimates, but issued a strong revenue forecast for fiscal 2026 amid strong demand for its AI-optimized servers.
The company posted revenue of $5.8 billion for the quarter ended June 30, up 7% from a year earlier but below analysts’ average estimate of $5.99 billion, according to LSEG data.
Kinross Gold Corporation (TSX:K) has earned a ‘Buy’ rating from UBS analysts in their initial coverage, along with a US$20 per share price target.
Shares of Kinross added almost 5% on the news, trading hands at US$18 on Tuesday afternoon.
Palantir Technologies Inc (NYSE:PLTR)’s latest quarterly results have triggered enthusiastic responses from major Wall Street analysts, who highlighted the company’s accelerating growth and its leadership in enterprise AI deployment.
Bank of America analysts welcomed the report, writing that Palantir is “approaching its own ‘singularity’ moment this quarter.”
Coinbase Global Inc (NASDAQ:COIN) said on Tuesday it plans to raise $2 billion through a private offering of convertible senior notes, with $1 billion each due in 2029 and 2032.
Shares fell nearly 5% in Tuesday morning trading as investors digested the new fundraising plan.
NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) has signed a binding multi-year offtake agreement with Japan’s Mitsubishi Chemical Corporation (MCC) to supply graphite-based anode material for electric vehicle (EV) batteries destined for the North American market.
Under the deal, NextSource will produce intermediate anode active material (AAM) using graphite from its Molo mine in Madagascar and ship it to MCC’s plant in Japan. MCC will then process the material into finished AAM for use by a major automotive original equipment manufacturer (OEM) in North America.
Yum! Brands Inc (NYSE:YUM) reported sales and profits below expectations for the second quarter as it saw declines in US same store sales at Pizza Hut and KFC, sending its shares lower on Tuesday.
For Q2, revenue was $1.93 billion, slightly below estimates of $1.94 billion.
Pfizer Inc (NYSE:PFE, ETR:PFE) raised its full-year profit outlook on Tuesday after posting better-than-expected second-quarter earnings, driven by strong sales of key drugs including Comirnaty and Paxlovid.
The drugmaker reported adjusted earnings of $0.78 per share, beating analysts’ average estimate of $0.58, according to LSEG data.
Hims & Hers (NYSE:HIMS) shares fell 12% before US markets opened on Tuesday as the company posted mixed results for the second quarter and issued cautious guidance.
The company reported revenue of $544.8 million, up 73% year-over-year, but short of Wall Street estimates of $552 million. Growth was attributed to subscribers utilizing personalized treatment plans.
Palantir Technologies Inc's (NYSE:PLTR) shares jumped 4.6% in after-hours US trading following the company’s report of its first-ever quarter exceeding $1 billion in revenue.
The software firm’s earnings and revenue both beat analyst expectations, with adjusted earnings per share of 16 cents and revenue at $1 billion.