SpaceX Corp (NASDAQ:SPCX) shares remained under pressure on Wednesday, with shares falling about 13% to around $109, as analysts remained broadly positive following the company's first earnings report as a public company, arguing the results reinforced its long-term growth outlook despite ongoing investor concerns over capital spending.
Bank of America reiterated its ‘Buy’ rating and $235 price target, noting that SpaceX delivered a “strong Q2 print," beating expectations on both revenue and profitability while providing constructive disclosures and additional detail on its long-term growth plans.
Amgen Inc (NASDAQ:AMGN, XETRA:AMG) shares rose about 4% on Wednesday after the biotechnology company reported second quarter 2026 results that topped Wall Street expectations, supported by higher revenue and growth across its portfolio of medicines.
The company reported adjusted earnings per share of $6.29 for the quarter, ahead of analyst estimates of roughly $5.60 to $5.62.
SolarEdge Technologies (NASDAQ:SEDG) shares fell about 24% on Wednesday after the solar technology company issued a weaker-than-expected third quarter outlook, overshadowing better-than-expected second quarter results.
The company guided for Q3 2026 revenue of $310 million to $340 million, with a midpoint of $325 million, below analyst expectations of roughly $368 million to $372 million. The lighter forecast reflected ongoing uncertainty in residential solar demand, particularly in the US, and weighed on investor sentiment.
Wynn Resorts Ltd (NASDAQ:WYNN) shares climbed about 7% after the casino operator reported second quarter results that exceeded Wall Street expectations, supported by higher revenue and improved profitability.
The company reported adjusted earnings of $1.24 per share for the quarter, ahead of analyst estimates ranging from about $1.01 to $1.16 per share.
Booking Holdings Inc (NASDAQ:BKNG, XETRA:PCE1) shares rose 6% Wednesday after the online travel company reported second-quarter results that topped Wall Street expectations, with continued travel demand supporting growth across key metrics.
Booking Holdings reported adjusted earnings per share of $2.54, above estimates of $2.43 to $2.45, while revenue reached $7.35 billion, topping the $7.19 billion consensus. Gross bookings came in at $51 billion, compared with expectations of $49.4 billion, while room nights sold reached 325 million versus an estimated 320.5 million.
CVS Health Corp (NYSE:CVS) reported second-quarter revenue and profit that beat Wall Street estimates on Wednesday, and raised its full-year adjusted earnings guidance, though cautious guidance pressured shares.
Revenue rose 7.3% year-over-year to $106.1 billion, above analyst estimates of $100.11 billion. Adjusted earnings per share came in at $2.58, up 43% from a year earlier and well ahead of the $1.85 consensus estimate.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been selected as one of six potential awardees under a $40 million multiple-award contract supporting the Naval Oceanographic Office (NAVOCEANO).
The firm-fixed-price, indefinite-delivery/indefinite-quantity contract will support high-resolution ocean-floor mapping using long-endurance unmanned surface vehicles.
Shopify Inc (TSX:SH., NYSE:SHOP) shares jumped 18% Wednesday after the e-commerce platform reported second-quarter results that topped Wall Street expectations and provided a forecast for continued double-digit growth.
The company reported revenue of $3.58 billion for the quarter ended June 30, up 34% year over year and above the $3.45 billion consensus estimate.
Custom Health Holdings Inc (TSX:CHLT) will acquire Spencer Health Solutions Inc, maker of the spencer smart medication dispenser and in-home monitoring platform, in a deal worth up to US$25 million, the company said Wednesday.
Custom Health already deploys the spencer device as part of its medication management model. The acquisition brings the technology in-house, giving the company control of Spencer's product roadmap and engineering.
Walt Disney Co (NYSE:DIS, XETRA:WDP) on Wednesday reported fiscal third-quarter results that topped Wall Street estimates, driven by a doubling of streaming profit and record domestic theme park revenue.
Adjusted earnings per share came in at $2.06, up 28% from a year earlier and well above the $1.86 analysts had forecast.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) shares fell about 6% in early trading Wednesday after the ride-hailing company issued a third quarter outlook that fell short of some Wall Street expectations, overshadowing better-than-expected gross bookings and adjusted EBITDA in the second quarter.
For the third quarter, Uber expects adjusted EPS of $0.84 to $0.88, below the Wall Street average estimate of $0.89.
Eli Lilly and Co (NYSE:LLY) shares rose nearly 7% in early trading Wednesday after the drugmaker reported second quarter results that topped Wall Street revenue expectations and raised its full-year 2026 revenue outlook, with strong demand for its Mounjaro and Zepbound weight-loss and diabetes treatments driving a sharp increase in sales.
Lilly reported second quarter revenue of $22.97 billion, up 48% from $15.56 billion a year earlier and above Wall Street estimates of roughly $20.6 billion.
Gran Tierra Energy Inc (TSX:GTE, LSE:GTE, NYSE-A:GTE) shares leapt over 45% to a three-year high after the oil producer agreed to sell all its Colombian and Ecuadorian assets for $1.3 billion and reported a return to quarterly profit.
French oil and gas producer Maurel & Prom will acquire the South American business, which produces around 29,000 barrels of oil per day and holds 144 million barrels of proved and probable reserves.