Andra AP fonden trimmed its stake in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 71.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,739 shares of the rocket manufacturer’s stock after selling 38,936 shares during the period. Andra AP fonden’s holdings in Rocket Lab were worth $1,011,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of RKLB. Baillie Gifford & Co. increased its stake in Rocket Lab by 47.2% in the fourth quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock worth $1,245,317,000 after purchasing an additional 5,725,536 shares during the period. Vanguard Group Inc. grew its holdings in Rocket Lab by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after acquiring an additional 5,610,469 shares in the last quarter. Norges Bank purchased a new position in Rocket Lab during the 4th quarter valued at about $341,036,000. Alliancebernstein L.P. raised its holdings in shares of Rocket Lab by 818.8% in the 3rd quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock valued at $104,929,000 after purchasing an additional 1,951,755 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Rocket Lab by 12.0% in the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after purchasing an additional 1,738,623 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on the stock. KeyCorp upgraded shares of Rocket Lab from a “sector weight” rating to an “overweight” rating and set a $135.00 price objective on the stock in a research note on Monday, June 15th. Stifel Nicolaus set a $132.00 price objective on shares of Rocket Lab in a research note on Thursday, June 4th. Cantor Fitzgerald restated an “overweight” rating and set a $96.00 price objective on shares of Rocket Lab in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company assumed coverage on shares of Rocket Lab in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $60.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.18.
View Our Latest Analysis on RKLB
Insider Buying and Selling at Rocket Lab In other news, CEO Peter Beck sold 990,960 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $82.86, for a total transaction of $82,110,945.60. Following the sale, the chief executive officer directly owned 1,724,221 shares of the company’s stock, valued at $142,868,952.06. The trade was a 36.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 36,860 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $147.42, for a total value of $5,433,901.20. Following the completion of the transaction, the insider directly owned 1,006,987 shares in the company, valued at approximately $148,450,023.54. The trade was a 3.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,849,294 shares of company stock valued at $362,816,208. Company insiders own 8.40% of the company’s stock.
More Rocket Lab News Here are the key news stories impacting Rocket Lab this week:
Positive Sentiment: Rocket Lab won a $266 million firm-fixed-price U.S. Air Force / Space Force contract for 12 suborbital launches, with options for six more through 2028. Investors see this as validation of its HASTE/Electron launch capability and a meaningful boost to its defense backlog. Rocket Lab Wins $266 Million Suborbital Launch Contract Positive Sentiment: Several analysts and commentators said the contract strengthens Rocket Lab’s long-term investment case by expanding its defense business and providing a concrete revenue catalyst. A $266 Million Reason to Buy Rocket Lab Stock Here Positive Sentiment: Coverage comparing Rocket Lab with Intuitive Machines highlighted growing space-sector investment, broader launch/spacecraft opportunities, and Rocket Lab’s expanding mission capabilities, which supports the bullish long-term narrative. RKLB vs. LUNR: Which Emerging Space Stock Is the Better Pick Today? Neutral Sentiment: Rocket Lab also announced it will report second-quarter 2026 results on August 10, giving investors a near-term event to watch for updates on revenue, margins, and guidance. Rocket Lab Announces Date of Second Quarter 2026 Financial Results Neutral Sentiment: Some recent commentary focused on SpaceX and orbital debris risk, which reflects broader industry concerns but is not a direct company-specific catalyst for RKLB. Negative Sentiment: Despite the contract win, some articles note Rocket Lab has fallen sharply from recent highs, and valuation concerns remain after the stock’s large run-up earlier in the year. Rocket Lab Has Corrected Nearly 50%. Is It Still Too Expensive? Rocket Lab Stock Performance RKLB opened at $69.99 on Friday. Rocket Lab Corporation has a 52-week low of $37.57 and a 52-week high of $151.00. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The company has a market cap of $40.51 billion, a P/E ratio of -218.72 and a beta of 2.54. The firm’s 50-day moving average price is $103.63 and its 200-day moving average price is $87.19.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. During the same period last year, the firm posted ($0.12) EPS. Rocket Lab’s revenue was up 63.4% on a year-over-year basis. As a group, equities analysts anticipate that Rocket Lab Corporation will post -0.26 EPS for the current fiscal year.
About Rocket Lab (Free Report)
Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.
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Wise klesla o 9 % poté, co americký regulátor zamítl její žádost o národní trustovou bankovní licenci. Firma uvedla, že její stávající služby v USA to neovlivní.
Wise Group PLC (LSE:WISE, NASDAQ:WSE) shares fell 9% to 824p after US regulators rejected its application for a national trust bank charter.
The US Office of the Comptroller of the Currency denied the application following concerns linked to historical compliance issues identified after it was submitted more than a year ago.
Deficiencies in anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance were cited by the OCC, according to the Financial Times, as well as the company failing to prove it understood traditional banking duties. The regulator also noted a lack of experience in fiduciary activities within the proposed management team.
Wise said it had since strengthened its US compliance programme, improved customer data, enhanced investigation and reporting processes and increased resources dedicated to preventing financial crime.
It stressed that this decision does not affect its existing services in the US, where it operates through money transmitter licences covering 48 states and four territories, among the more than 80 licences the compaby holds globally.
Wise also said its original proposal had become unworkable after the Federal Reserve paused direct payment-system access for uninsured trust banks.
The company now plans to submit a fresh application under the framework created by the Trump administration's GENIUS Act, which established new US rules for non-bank fintech companies to obtain a limited federal bank charter to issue dollar-backed stablecoins.
The Boston Beer Company, Inc. (SAM) Q2 2026 Earnings Call July 23, 2026 5:00 PM EDT
Company Participants
Michael Andrews - Associate General Counsel & Corporate Secretary
C. Koch - Founder, Chairman, President & CEO
Diego Reynoso - CFO & Treasurer
Conference Call Participants
Filippo Falorni - Citigroup Inc., Research Division
Peter Grom - UBS Investment Bank, Research Division
Eric Serotta - Morgan Stanley, Research Division
Bonnie Herzog - Goldman Sachs Group, Inc., Research Division
William Kirk - ROTH Capital Partners, LLC, Research Division
Presentation
Operator
Greetings, and welcome to the Boston Beer Company's Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It's now my pleasure to introduce Mike Andrews, Associate General Counsel and Corporate Secretary. Please go ahead.
Michael Andrews
Associate General Counsel & Corporate Secretary
Thank you. Good afternoon, and welcome. This is Mike Andrews, Associate General Counsel and Corporate Secretary of the Boston Beer Company. I'm pleased to kick off our 2026 second quarter earnings call. Joining the call from Boston Beer are Jim Koch, Founder, CEO and Chairman; and Diego Reynoso, our CFO.
Before we discuss our business, I'll start with our disclaimer. As we stated in our earnings release, some of the information we discuss and that may come up on this call reflects the company's or management's expectations or predictions of the future. Such predictions are forward-looking statements. It is important to note that the company's actual results could differ materially from those projected in these forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's most recent 10-Q and 10-K. The company does not undertake to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Růst cen leteckého paliva nutí americké aerolinky přepisovat výhledy zisku. American Airlines kvůli tomu snížila celoroční výhled zisku z úrovně téměř 1,5 miliardy USD na rozmezí od ztráty po zisk.
SummaryCompaniesJet fuel surge upends airline profit forecastsAmerican swings from potential raise to cutFare gains lag sudden fuel-cost shocksDifferent fuel dates blur forecast comparisonsCHICAGO, July 24 (Reuters) - A rapid rise in jet fuel prices is forcing U.S. airlines to rewrite earnings expectations, exposing how quickly higher fuel costs can outpace revenue gains from strong travel demand.
American Airlines (AAL.O), opens new tab was prepared to raise its 2026 earnings forecast earlier this month. Thirteen days later, after its projected fuel bill for the rest of the year had risen by nearly $1.6 billion, it cut the outlook instead.
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The reversal reflects a fundamental mismatch in the airline business. Fuel markets can move sharply in days, but fare increases take weeks or months to feed through because they apply only to tickets yet to be sold.
Strong demand and restrained capacity have allowed carriers to raise fares without hurting bookings, but higher ticket prices have offset only part of the increase in fuel costs.
As the U.S.-Iran ceasefire began to fray, jet fuel spot prices surged nearly 30% between July 2 and July 22, clouding the industry's outlook.
"I think margins are going to be effectively down for the industry," American Chief Financial Officer Devon May told Reuters in an interview. "If we had guided on the same day as Delta (July 10), we'd have been guiding up for the year."
In early July, he said, American had expected full-year pretax earnings approaching $1.5 billion, about four times its 2025 result. Instead, American lowered its full-year earnings forecast to a range stretching from a loss to a profit, with breakeven at the midpoint.
The stakes are higher at American. Its thinner margins and persistent profit gap with Delta Air Lines (DAL.N), opens new tab and United Airlines (UAL.O), opens new tab leave it with less room to absorb higher fuel costs, intensifying scrutiny of CEO Robert Isom's effort to rebuild corporate travel, add premium seats and generate more revenue from the loyalty program.
American cut its outlook despite reporting record quarterly revenue and forecasting strong unit revenue growth in the second half. If fuel remains elevated, weaker cash generation could slow debt reduction, constrain investment and increase pressure to trim less-profitable flying.
Airlines have responded differently to the fuel surge, partly reflecting when their forecasts were issued.
Delta, the first major U.S. carrier to report, maintained its annual earnings outlook, while United last week raised the lower end of its forecast.
But this week, Southwest Airlines (LUV.N), opens new tab lowered the floor of its outlook and Alaska Air (ALK.N), opens new tab declined to restore full-year guidance.
The forecasts were built on fuel assumptions from different dates, ranging from July 2 for Delta to July 21 for American. Over that period, jet fuel spot prices rose by 78 cents to $3.59 a gallon, making outlooks issued only days apart harder to compare and shortening their useful lives.
RAPIDLY CHANGING ASSUMPTIONSAmerican said higher fares offset nearly half of a $2.2 billion year-over-year increase in second-quarter fuel expense. Delta recovered about 60% of its fuel increase, while United recovered about 50%. Alaska said it recovered very little, and Southwest did not disclose a comparable percentage.
But the renewed surge in fuel prices is testing how quickly carriers can recover the additional costs. May said American's projected fuel bill for the rest of the year rose by about $550 million over the past week.
Every one-cent increase in American's average fuel price adds about $46 million to its annual expense and flows largely through to pretax earnings, May said. A 10-cent increase would therefore cost roughly $460 million.
United described a similar last-minute shift.
"At this time last week, I was planning to tell you that we had a good line of sight to growing earnings year-over-year," Chief Executive Scott Kirby said on the airline's July 16 earnings call. "But fuel has gone up a lot in the last week."
United said the rise in fuel prices since July 1 added $575 million to its expected third-quarter fuel bill and changed its guidance policy to use the latest available fuel prices.
At Alaska, bookings for September and October remained as strong as summer demand, but its earnings outlook remained highly sensitive to fuel prices.
"You've got to choose a fuel price," Ryan St. John, Alaska's vice president of finance, planning and investor relations, told Reuters. "You can guess at whatever you think fuel is, but the reality is none of us know."
A 25-cent change in Alaska's average fuel cost could shift quarterly earnings by about 50 cents per share, he said.
May said American aims to pass on as much of any fuel-cost increase as possible. But the share it can recover remains a moving target.
"It depends on the day for spot prices," he said.
Reporting by Rajesh Kumar Singh; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Rajesh Kumar Singh is the U.S. Aviation Correspondent at Reuters, based in Chicago, where he reports on airlines, aircraft manufacturers, and regulatory developments that shape the global aviation industry. Prior to this role, he covered U.S. manufacturing and trade policy, including the U.S.–China trade wars, where his work delved into the disruption facing American businesses and the strategic responses of major corporations. He began his career with Reuters in India, where he reported on a wide range of issues covering the country's economic complexities—from its recovery after the global financial crisis to the challenges of inflation and governance.
Tesla na konferenčním hovoru k výsledkům uvedla, že brzy začne vyrábět třetí generaci robota Optimus ve Fremontu v oblasti San Francisco Bay Area. Musk zároveň varoval, že rozjezd bude pomalý, protože pro řadu komponent Optimus neexistuje zavedený dodavatelský řetězec.
A prototype of Tesla's Optimus robot. CFOTO/Future Publishing via Getty Images Elon Musk built Tesla into the world's most valuable carmaker. Now he's betting the company's future on a robot that walks on two legs.
Musk predicts its robot, Optimus, could become "the biggest product ever," with legions of the humanoid robots working in factories, doing household chores, and eventually building more robots. He even has a name for them in the plural: "Optimi."
But Tesla has yet to prove the robot can navigate the physical world or perform useful work autonomously, much less that it can be manufactured by the millions.
On Tesla's earnings call this week, Musk offered few details about Optimus and tempered expectations for how quickly production would increase. He said Tesla would begin producing its third-generation robot "soon" in Fremont in the San Francisco Bay Area.
Tesla is competing in an increasingly crowded humanoid market. Agility Robotics, which plans to go public, has deployed its Digit robot across nine customer facilities, while Figure AI has announced deployments in logistics and distribution centers this year. Sunday Robotics, 1X, and Weave Robotics are preparing to ship robots into homes this fall.
Guy Hoffman, an associate professor of mechanical and aerospace engineering at Cornell University who leads its human-robot collaboration lab, called humanoids a "fantasy product."
Autonomous cars took about 20 years to reach the market after the technology was first shown to work, he told Business Insider. Building humanoids is even harder, and a fully autonomous machine has yet to be developed.
"Humanoid robots are a very risky bet," Hoffman said. "I don't see the product having a viable future in the near term."
Tesla's first-generation Optimus production line in Fremont, California. Tesla Musk has never shied away from moonshot projects. But even he has acknowledged that Optimus is harder to develop than Tesla's Model X, Cybertruck, or gigafactories. If Tesla pulls it off, Musk believes Optimus could usher in "sustainable abundance," a future in which AI and robotics make human labor largely optional.
Tesla did not repond to a request for comment from Business Insider
Here's everything we know about Optimus so far:
From human to humanoidMusk introduced the "Tesla Bot" in 2021 with a person dancing in a robot costume.
Three years later, Optimus robots danced, served drinks, and spoke with guests at Tesla's "We, Robot" event. The robots walked on their own, but more complex movements, such as pouring drinks, handing out desserts, and interacting with attendees, were assisted by remote human operators.
Tesla hasn't yet revealed what the next version of Optimus will look like. All we know is that it stands nearly six feet tall and has a humanlike design, a form that one Silicon Valley investor dismissed to Business Insider as a "parlor trick". Musk has defended humanoids, arguing that robots must resemble people to perform the full range of human tasks.
Chinese companies, including Unitree and UBTech, accounted for about 90% of humanoid shipments last year, according to technology research firm Omdia. Musk has argued that Optimus will be much more sophisticated than its Chinese rivals, but has shared few details so far.
"Optimus is designed to have a lot of intelligence and to have the same electromechanical dexterity, if not higher, than a human," Musk said on a podcast earlier this year. "Unitree does not have that."
Where Optimus stands nowEven though Tesla has not publicly unveiled the next-generation Optimus, it released photos this week of the Fremont production line, where manufacturing is expected to begin soon. Musk previously said that Tesla was keeping the robot under wraps to prevent competitors from copying its design.
Tesla stopped producing the Model S and Model X in Fremont earlier this year to make room for an Optimus line designed to eventually produce a million robots a year. A second line under construction in Austin is planned to have an annual capacity of 10 million robots.
Tesla's first-generation Optimus production line in Fremont, California. Tesla The first bots will join Tesla's "Optimus Academy," where they will practice tasks and generate data used to improve the AI models that serve as their "brains." Musk has said that 10,000 to 30,000 robots will refine their real-world skills at the academy.
On the company's earnings call this week, AI chief Ashok Elluswamy said that the training could push the robots' capabilities to a "superhuman level."
Musk cautioned investors this week that production will ramp slowly because there is no established supply chain for many Optimus components.
Tesla has three big problems to solveTo make Optimus a reality, Musk says Tesla must solve three problems: intelligence, hands, and mass production.
First, the robot must learn to understand and move through the physical world. Musk believes Tesla's self-driving work gives it a head start because Optimus can use Tesla-designed AI chips and technology developed to help its cars interpret camera footage.
Tesla has adapted its driving simulator, a virtual environment used to train and test its self-driving technology, to train millions of virtual robots. But simulations cannot capture every real-world scenario, so Tesla also needs data from physical tasks. Tesla employees have recorded themselves performing factory jobs, for instance.
Hoffman, the Cornell professor, said Musk is underestimating how much harder humanoid robotics is than self-driving.
"It's like playing checkers versus doing nuclear physics," he said. Humanoids must balance on two legs without falling, he added, and today's AI models are still far from operating reliably in the physical world.
The second challenge is what Musk calls the "hands problem": replicating the human hand with motors, sensors, and software. A robot hand must combine strength, precision, and flexibility in a remarkably small space, making it exceptionally difficult to engineer.
Tesla has not unveiled the latest version of Optimus to prevent competitors from copying its design. Costfoto/NurPhoto via Getty Images On Tesla's earnings call this week, Musk said Optimus is being designed to have "human and then superhuman dexterity." Achieving that has required Tesla to develop custom motors, gears, and sensors.
The final challenge is scaling up manufacturing. Musk has warned that early production will be "agonizingly slow." But once Tesla starts producing a million robots a year — the timeline for which is still unclear — he estimates each Optimus could cost about $20,000 to $25,000 to produce.
How Optimus fits into Musk's AI empireMusk has increasingly talked about a "convergence" across his business empire, which is becoming more intertwined around AI.
Ahead of and during Tesla's earnings call this week, shareholders and analysts pressed Musk about a rumored merger with SpaceX. Musk wouldn't comment on the speculation, but highlighted the company's synergies, including the Robotaxi and AI businesses.
Musk has previously explained how Optimus could work with SpaceX's technology, which acquired xAI in February. Each robot would have enough computing power to perform some tasks independently, while xAI's Grok could coordinate larger groups, he said.
"Let's say you wanted to build a factory," Musk said earlier this year. "Grok could organize the Optimus robots, assign them tasks to build the factory floor to produce whatever you want."
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Rya Jetha You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Rya is a senior reporter at Business Insider covering physical AI and robotics. She writes about factory automation, humanoid robots, and the race to collect the real-world data needed to bring AI into the physical world. She previously worked at The San Francisco Standard, where she reported on tech culture and autonomous vehicles. She has a bachelor’s degree in history and politics from Pomona College and a master’s in history from the University of Cambridge. Rya lives in San Francisco. Contact her at [email protected] or on Signal at rjetha.07. Use a personal email address, a nonwork WiFi network, and a nonwork device. Here's our guide to sharing information securely.
Item 1 of 2 2025 Ford Bronco Sport vehicles sit on a dealership lot for sale in Dearborn, Michigan, U.S., May 7, 2025. REUTERS/Rebecca Cook/File Photo
[1/2]2025 Ford Bronco Sport vehicles sit on a dealership lot for sale in Dearborn, Michigan, U.S., May 7, 2025. REUTERS/Rebecca Cook/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 24 (Reuters) - Ford (F.N), opens new tab is recalling 565,691 vehicles in the U.S. as the engine compartment wiring harness may become damaged and short circuit, the National Highway Traffic Safety Administration said on Friday.
Here are the details:
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The recall affects certain 2021-2026 Bronco and Bronco Raptor vehicles.
A short circuit in the engine compartment can create heat or spark, increasing the risk of a fire, the auto safety regulator said.
As part of the recall remedy, dealers will install sheathing over the wiring, free of charge, NHTSA added.
Preetika Parashuraman in Bengaluru; Editing by Mrigank Dhaniwala
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Verizon Communications Inc. (NYSE:VZ) will release its second quarter earnings report before the opening bell on Friday, July 24.
Analysts expect the New York-based company to report quarterly earnings of $1.27 per share, up from $1.22 per share in the year-ago period. The consensus estimate for Verizon’s quarterly revenue is $35.11 billion. It reported $34.5 billion last year, according to Benzinga Pro.
On June 29, Verizon disclosed that it expects a second-quarter loss of $700 million to $800 million due to the classification of assets from its Contributed Business as assets and liabilities held for sale.
Shares of Verizon fell 1% to close at $43.82 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying VZ stock? Here’s what analysts think:
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Kimi K3 od Moonshot AI ukazuje, že levnější AI může zvýšit poptávku po pamětech; podle článku to podporuje tezi pro Micron. Nedostatek pamětí v datových centrech navíc přetrvává až do roku 2028.
Micron stock's next catalyst may be coming from the Chinese model that initially unsettled semiconductor investors.
MU closed Thursday at $990.21, up 3.2%, after Alphabet raised its 2026 capital-spending forecast and revived confidence in data-centre demand.
Another signal is emerging from Moonshot AI’s Kimi K3. The low-cost, open-weight model was viewed as a threat to expensive Western infrastructure, but its popularity quickly strained computing capacity.
That reversal supports a Wall Street argument that cheaper AI may reduce the cost of each task while increasing the number of tasks, deployments and memory chips required.
Kimi K3 is a mixture-of-experts model with 2.8 trillion parameters and 50 billion active.
Its performance and low API prices revived comparisons with DeepSeek, raising fears that US technology groups were overspending on processors and data centres.
Demand then produced the opposite warning. Moonshot said usage pushed its infrastructure to capacity, forcing it to pause new subscriptions so customers could retain access.
For Micron, the point is not a confirmed order from Moonshot.
No such purchase has been disclosed, but the signal is that large, inexpensive models still consume memory when deployed at scale.
Bank of America analyst Vivek Arya said Chinese pricing reflects “business-model choices” rather than lower hardware costs, MarketWatch reported.
He added that model weights and active parameters can require “the same or more memory.” BofA reiterated its Buy rating and $1,550 target.
Open-weight models can transfer infrastructure spending from the developer to businesses operating them.
Deployments require servers, DRAM and storage even when access to the model is cheap.
The investment case resembles the Jevons paradox: when technology becomes cheaper, total consumption can rise because more customers adopt it and existing users run more workloads.
Wedbush analyst Matt Bryson said larger models require more memory to hold their parameters, either increasing memory content per accelerator or forcing larger chip clusters.
Continued adoption of Chinese models could therefore be “arguably good for memory vendors,” he said.
Micron, SK Hynix and Samsung are suppliers of high-bandwidth memory used alongside AI accelerators.
Wider deployment can also lift demand for DRAM and NAND storage needed to serve models and retain data.
Kimi K3 strengthens the demand thesis without proving that Micron will sell directly into China. Export restrictions, local suppliers and procurement arrangements make that conclusion premature.
The signal matters because data-centre memory supply is already tight.
Morgan Stanley analyst Joseph Moore said shortages “show no signs of abating,” according to MarketWatch, and expects prices to rise at least 25% from the second quarter to the third.
Moore argued that weakness in PCs, smartphones or consumer products could become a misleading “false flag” because AI data centres are absorbing so much DRAM.
Cloud customers are paying premiums to secure supply, while shortages are expected to persist through 2028.
Micron has reinforced that outlook by signing 16 multiyear customer agreements expected to generate about $22 billion in cash deposits and related financial commitments.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) is expected to post its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect Cameco to announce earnings of $0.31 per share and revenue of $573.7270 million for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Friday, July 31, 2026 at 8:00 AM ET.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same quarter last year, the business posted $0.16 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts expect Cameco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Cameco Trading Down 1.0% NYSE CCJ opened at $89.47 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco has a 1-year low of $68.96 and a 1-year high of $135.24. The firm’s fifty day simple moving average is $101.60 and its 200-day simple moving average is $110.66. The company has a market capitalization of $38.97 billion, a PE ratio of 82.85, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02.
Institutional Investors Weigh In On Cameco Several institutional investors and hedge funds have recently made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new position in Cameco during the 4th quarter valued at about $28,000. Corient Private Wealth LLC increased its holdings in shares of Cameco by 1,339.8% during the fourth quarter. Corient Private Wealth LLC now owns 964,552 shares of the basic materials company’s stock worth $88,247,000 after buying an additional 897,558 shares in the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of Cameco by 57.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 9,766 shares of the basic materials company’s stock valued at $893,000 after acquiring an additional 3,568 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Cameco by 9.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,208 shares of the basic materials company’s stock worth $1,025,000 after acquiring an additional 939 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Cameco by 5.5% during the 4th quarter. Vident Advisory LLC now owns 511,768 shares of the basic materials company’s stock worth $46,822,000 after acquiring an additional 26,699 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.
Analyst Ratings Changes CCJ has been the subject of a number of recent research reports. Royal Bank Of Canada raised their price target on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Barclays decreased their target price on Cameco from $108.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.18.
Read Our Latest Analysis on Cameco
Cameco Company Profile (Get Free Report)
Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.
The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.
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WisdomTree má před otevřením trhu v pátek 31. července 2026 oznámit výsledky za 2. čtvrtletí 2026; analytici čekají EPS 0,26 USD a tržby 170,62 mil. USD.
WisdomTree (NYSE:WT – Get Free Report) is projected to announce its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to post earnings of $0.26 per share and revenue of $170.62 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Friday, July 31, 2026 at 11:00 AM ET.
WisdomTree (NYSE:WT – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, analysts expect WisdomTree to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
WisdomTree Price Performance NYSE:WT opened at $19.76 on Friday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 48.20 and a beta of 1.18. WisdomTree has a 52-week low of $10.69 and a 52-week high of $21.23. The stock has a fifty day moving average of $18.66 and a 200 day moving average of $16.94. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57.
WisdomTree Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, May 13th. WisdomTree’s dividend payout ratio is currently 29.27%.
Insider Transactions at WisdomTree In other news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer directly owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider owned 157,499 shares in the company, valued at approximately $2,844,431.94. The trade was a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On WisdomTree A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of WisdomTree by 15.7% during the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock valued at $136,482,000 after acquiring an additional 1,521,599 shares during the last quarter. Simcoe Capital Management LLC grew its stake in shares of WisdomTree by 11.3% in the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock worth $64,038,000 after purchasing an additional 535,015 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in WisdomTree by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,699 shares during the period. Goldman Sachs Group Inc. increased its holdings in WisdomTree by 116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock valued at $41,320,000 after purchasing an additional 1,823,777 shares during the period. Finally, Geode Capital Management LLC increased its holdings in WisdomTree by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,796,512 shares of the company’s stock valued at $34,093,000 after purchasing an additional 26,776 shares during the period. Institutional investors own 78.64% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on the company. Raymond James Financial began coverage on WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. Morgan Stanley upped their price objective on shares of WisdomTree from $18.00 to $20.50 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Northland Securities set a $22.00 price target on shares of WisdomTree in a research note on Tuesday, June 2nd. Finally, Oppenheimer increased their price target on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and an average price target of $20.06.
View Our Latest Stock Analysis on WisdomTree
WisdomTree Company Profile (Get Free Report)
WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.
WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.
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Volkswagenu v prvním pololetí klesl zisk po zdanění o 30,7 % na 3,1 miliardy eur. Koncern zároveň snížil celoroční výhled tržeb z růstu až o 3 % na pokles až o 3 %.
Německému automobilovému koncernu Volkswagen se v prvním pololetí propadl zisk po zdanění o 30,7 procenta na 3,1 miliardy eur (zhruba 75 miliard Kč). Firma, jejíž součástí je i česká Škoda Auto, o tom informovala v dnešní výsledkové zprávě. Provozní zisk v pololetí klesl téměř o 12 procent na 5,9 miliardy eur, zatímco provozní zisk samotné Škody Auto zhruba o šest procent vzrostl a dosáhl téměř 1,4 miliardy eur.
Tržby koncernu Volkswagen v pololetí klesly o 0,2 procenta na 158,1 miliardy eur. Podnik dnes uvedl, že v celém letošním roce počítá s poklesem tržeb až o tři procenta. V předchozím výhledu přitom očekával až tříprocentní růst.
Volkswagen se v poslední době potýká s řadou problémů, včetně vysokých nákladů, nadbytečných kapacit, rostoucí čínské konkurence nebo amerických cel. "Podmínky v automobilovém průmyslu zůstávají mimořádně náročné: geopolitické krize, obchodní konflikty, vysoké regulační požadavky, výkyvy na trzích a rostoucí konkurence," uvedl koncernový šéf Oliver Blume
Volkswagen teď chystá rozsáhlou restrukturalizaci aktivit zahrnující drastické omezení výroby. Podle nedávné zprávy agentury Reuters by v koncernu mohlo v příštích letech zaniknout až 140 000 pracovních míst. Na konci loňského roku koncern podle výroční zprávy zaměstnával kolem 663 000 lidí.
Škoda Auto nicméně tento měsíc uvedla, že restrukturalizační plán koncernu nemá přímý dopad na její aktivity. Škoda Auto patří mezi největší zaměstnavatele v České republice, kde provozuje tři výrobní závody a má zhruba 36 500 zaměstnanců včetně agenturních.
Šéf koncernu Blume dnes v rozhovoru s agenturou DPA řekl, že chce plánovaný úsporný balík přijmout ještě do konce letošního roku. Návrhem se před dvěma týdny poprvé zabývala dozorčí rada. "Měli jsme tam konstruktivní, ale i kontroverzní diskusi," řekl Blume.
Podle DPA narazil plán na odpor především u zástupců zaměstnanců a spolkové země Dolní Sasko, v níž Volkswagen sídlí a která drží v koncernu pětinový podíl. Součástí plánu je mimo jiné zrušení dalších 50 000 pracovních míst nad už dohodnutých 50 000. Další zasedání dozorčí rady by se mělo uskutečnit v září. Podle Blumeho jsou ale navrhovaná opatření tak obsáhlá, že bude potřeba o nich jednat i na dalších zasedáních.
"Jsem ale pevně přesvědčen, že to budeme muset udělat ještě letos," dodal šéf koncernu.
SAP po výsledcích hospodaření za 2Q 2026 přidává 6,5 %, když tržby z cloudových služeb překonaly očekávání. Firma ale snížila celoroční výhled provozního zisku kvůli dopadu akvizic.
Německé akcie měřené indexem DAX se v úvodu páteční seance obchodují v zelených číslech.
Akcie Volkswagenu klesají o 1,4 %. Automobilka nově očekává pokles celoročních tržeb až o 3 %, případně jejich stagnaci, zatímco dříve počítala se stagnací až růstem o 3 %. Výsledky za druhé čtvrtletí zaostaly na úrovni provozního zisku i marže, když provozní zisk dosáhl 3,47 mld. EUR oproti očekávaným 4,07 mld. EUR. Hlavním důvodem zhoršeného výhledu je slabší vývoj v Číně, přičemž Volkswagen zároveň upozornil na rostoucí konkurenční tlak čínských výrobců. Analytici Bernstein hodnotí pozitivně potvrzení celoročního výhledu provozní marže v rozmezí 4 až 5,5 %, zatímco Morgan Stanley poukazuje na lepší než očekávaný volný peněžní tok automobilové divize. Finanční ředitel Arno Antlitz uvedl, že Volkswagen musí výrazně zjednodušit nabídku vozů, omezit počet používaných technických platforem, zefektivnit investiční portfolio a zjednodušit řízení i rozhodování ve skupině.
Softwarová společnost SAP včera po uzavření trhu reportovala výsledky za 2Q 2026. Výnosy z cloudových služeb předčily očekávání a analytici celkově hodnotí report jako solidní. Očekávání nenaplnila společnost výší provozního zisku, na jehož úrovni snížilo SAP také roční výhled kvůli negativnímu vlivu uskutečněných akvizic. Akcie SAP přidávají 6,5 %.
Index DAX +0,5 % na 24886,92 b. Nejsilnější akcie Změna Nejslabší akcie Změna SAP (SAP) +6,5 % Adidas (ADS) -3,4 % Deutsche Boerse (DB1) +1,6 % Brenntag (BNR) -1,7 % Siemens Energy (ENR) +1,4 % Deutsche Telekom (DTE) -1,5 % Rheinmetall AG (RHM) +1,1 % Volkswagen (VOW3) -1,4 % Fresenius (FRE) +0,8 % Qiagen (QIA) -1,3 %
Zdroj: Bloomberg
Gates Industrial (NYSE:GTES – Get Free Report) will likely be announcing its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect Gates Industrial to post earnings of $0.40 per share and revenue of $925.4410 million for the quarter. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Individuals are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Friday, July 31, 2026 at 10:00 AM ET.
Gates Industrial (NYSE:GTES – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $851.10 million during the quarter, compared to analysts’ expectations of $859.72 million. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. On average, analysts expect Gates Industrial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Gates Industrial Stock Down 1.4% Shares of NYSE GTES opened at $27.02 on Friday. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 28.14 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Gates Industrial has a 52-week low of $20.88 and a 52-week high of $29.17. The business’s 50 day moving average is $26.42 and its two-hundred day moving average is $25.24.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. increased its holdings in Gates Industrial by 5.9% during the 4th quarter. Invesco Ltd. now owns 8,322,654 shares of the company’s stock worth $178,687,000 after purchasing an additional 461,160 shares during the period. Corient Private Wealth LLC raised its position in Gates Industrial by 9.3% in the 4th quarter. Corient Private Wealth LLC now owns 190,929 shares of the company’s stock valued at $3,890,000 after purchasing an additional 16,219 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Gates Industrial in the 4th quarter valued at about $402,000. Mackenzie Financial Corp boosted its stake in shares of Gates Industrial by 17.7% in the 4th quarter. Mackenzie Financial Corp now owns 844,064 shares of the company’s stock valued at $18,381,000 after buying an additional 126,847 shares during the period. Finally, XTX Topco Ltd grew its position in shares of Gates Industrial by 529.5% during the fourth quarter. XTX Topco Ltd now owns 255,562 shares of the company’s stock worth $5,487,000 after buying an additional 214,965 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on GTES shares. Robert W. Baird dropped their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gates Industrial in a research note on Monday, June 29th. Morgan Stanley raised their target price on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Barclays cut their price target on shares of Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.36.
Read Our Latest Stock Analysis on GTES
Gates Industrial Company Profile (Get Free Report)
Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.
In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.
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Equinor ve 2. čtvrtletí zvýšila produkci o 3 % na 2,165 milionu barelů ropného ekvivalentu denně a čistý zisk podle IFRS dosáhl 4,8 miliardy USD. Firma nechala celoroční výhled beze změny.
Equinor ASA (NYSE:EQNR) reported higher second-quarter earnings and production, with Chief Financial Officer Torgrim Reitan saying the company is executing in line with plans presented at its recent Capital Markets Day to grow energy output, cash flow and returns through 2030.
Reitan said Equinor produced 2.165 million barrels of oil equivalent per day in the quarter, up 3% from the same period last year. Adjusted operating income totaled $11.5 billion before tax, while IFRS net income was $4.8 billion. Adjusted earnings per share were $1.33. Cash flow from operations after tax reached $13.7 billion year to date.
“While energy markets remain impacted by geopolitical unrest, we continue to focus on what we control, our operations, how we remain robust through price cycles, and our commitment to cost and capital discipline,” Reitan said.
Production Growth Driven by Norway and New Fields Reitan said production on the Norwegian continental shelf rose 4%, driven by new fields including Johan Castberg, Halten East and Verdande, with Eirin and Symra also coming on stream during the quarter. He highlighted another strong quarter from Johan Sverdrup, where Equinor now expects the annual decline to be at the low end of its previously indicated 10% to 20% range.
Production was affected by turnarounds, maintenance and a temporary outage at Johan Castberg. In response to an analyst question, Reitan said issues related to turbine waste heat took 18 days to resolve, and the field resumed production on July 13. He said the impact to Equinor in the third quarter would be about 14,000 barrels per day.
Internationally, production growth was supported by Adura in the U.K. and Bacalhau in Brazil, offsetting lower ownership in Peregrino and the divestment of onshore Argentina assets. Reitan said first-half production growth totaled 6%, making the company’s full-year guidance of 3% growth “more robust,” though Equinor left its production guidance unchanged.
Financial Results Lifted by Prices, Trading and Refining Equinor said liquids and European gas prices were higher than the same quarter last year, while U.S. gas prices were lower. Adjusted operating income in E&P Norway was $9.2 billion before tax and $2.1 billion after tax. In international E&P, Reitan said operating income nearly doubled on 4% production growth and an improved portfolio.
The company’s Marketing, Midstream and Processing segment delivered $777 million in pretax income, well above its $400 million-per-quarter guidance. Reitan attributed the performance to crude trading and strong results at the Mongstad refinery, which benefited from higher margins. He said European refinery product markets were tight, with FCC margins around $25 per barrel in the second quarter, and that Mongstad continued to deliver strong results early in the third quarter.
Power results reflected a strong contribution from power trading for a second consecutive quarter. Equinor produced 1.2 terawatt-hours of power in the quarter, with growth from Dogger Bank in the U.K. and new onshore assets.
Cash Flow, Divestments and Shareholder Returns Cash flow from operations before tax was $14.8 billion in the quarter. Equinor paid $7.1 billion in taxes, including three Norwegian continental shelf installments totaling about $6.4 billion. Organic capital expenditure was $3.4 billion, and net cash flow before distributions was positive $5.5 billion.
The company distributed $1.1 billion to shareholders during the quarter. Its board approved an ordinary cash dividend of $0.39 per share and a third tranche of share buybacks of up to $1.125 billion, including the Norwegian state’s share.
Reitan said Equinor ended the quarter with about $24 billion in cash and cash equivalents, while its net debt ratio declined to 10.4%. At current forward prices, he said the company expects the net debt ratio to be somewhat below 10% at year-end.
Equinor also recorded proceeds from portfolio actions. The sale of Argentina onshore assets generated $558 million in proceeds during the quarter, in addition to $88 million received in the first quarter, and Equinor recorded a $467 million gain. A partial divestment of its financial position in Scatec generated $171 million in proceeds and an accumulated recorded gain of $61 million.
Gas Market Outlook and Capital Allocation Asked about European natural gas markets, Reitan described the situation as “vulnerable” heading into autumn and winter, citing uncertainty around LNG flows and European storage levels. He said storage was 53% full, more than 15 percentage points below average, and that Equinor does not expect Europe to reach 80% storage before winter.
Reitan said Equinor is already producing gas at maximum levels in the short term, but can optimize flows through its production and transportation system toward markets where gas is most needed and prices are highest. He said Equinor keeps its natural gas exposure floating, with 70% linked to day-ahead prices and 30% to month-ahead prices.
On whether strong cash flow could lead to share buybacks above the $3 billion now planned for the year, Reitan said no. He said additional cash has been directed toward increasing oil and gas investments by $1 billion, strengthening the balance sheet and doubling the share buyback program for the year.
Project Pipeline and Cost Focus Reitan pointed to several projects supporting future growth, including the ramp-up of Bacalhau, which he said is expected to reach plateau by year-end. He also cited Raia in Brazil, Sparta in the Gulf of Mexico, Rosebank and Jekta in the U.K., and the recently sanctioned Greater PAJ project in Angola.
On Bay du Nord in Canada, Reitan said BP is handing its ownership to Equinor and that the timeline remains unchanged, with a sanctioning target in 2027. He said Equinor is working to bring in another partner and described the project as supported by the Canadian government.
Reitan said Equinor continues to manage cost inflation through portfolio-level contracting, standardization and simplification. He said the company’s new developments have a break-even below $40 per barrel and that its NCS 2035 operating model aims to double development speed and cut costs by half across a portfolio of projects.
Equinor left its guidance unchanged for production, capital spending and capital distribution, with Reitan saying the quarter demonstrated progress toward the company’s stated objectives of increasing production by 150,000 barrels per day to 2030, growing cash flow from operations by 30% and targeting a 15% return on capital employed through the decade.
About Equinor ASA (NYSE:EQNR) Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.
In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.
SL Green Realty Corp. (SLG) Q2 2026 Earnings Call July 23, 2026 2:00 PM EDT
Company Participants
Marc Holliday - Chairman & CEO
Matthew Diliberto - Chief Financial Officer
Steven Durels - Executive VP and Director of Leasing & Real Property
Harrison Sitomer - President & Chief Investment Officer
Robert DeWitt
Conference Call Participants
Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division
Alexander Goldfarb - Piper Sandler & Co., Research Division
Steve Sakwa - Evercore ISI Institutional Equities, Research Division
Thomas Catherwood
John Kim - BMO Capital Markets Equity Research
Blaine Heck - Wells Fargo Securities, LLC, Research Division
Peter Abramowitz - Deutsche Bank AG, Research Division
Anthony Paolone - JPMorgan Chase & Co, Research Division
Seth Bergey - Citigroup Inc., Research Division
Vikram Malhotra - Mizuho Securities USA LLC, Research Division
Ronald Kamdem - Morgan Stanley, Research Division
Brendan Lynch - Barclays Bank PLC, Research Division
Caitlin Burrows - Goldman Sachs Group, Inc., Research Division
Michael Lewis - Truist Securities, Inc., Research Division
Presentation
Operator
Thank you, everybody, for joining us, and welcome to SL Green Realty Corp. Second Quarter 2026 Earnings Results Conference Call. This conference call is being recorded. At this time, the company would like to remind listeners that during the call, management may make forward-looking statements. You should not rely on forward-looking statements as predictions of future events as actual results and events may differ from any forward-looking statements that management may make today.
All forward-looking statements made by management on this call are based on their assumptions and beliefs as of today. Additional information regarding the risks, uncertainties and other factors that could cause such differences to appear are set forth in the risk factors and MD&A sections of the company's latest Form 10-K and other subsequent reports filed by the company with the Securities and Exchange Commission.
Also, during today's conference call, the company may discuss non-GAAP financial
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.86 per share of common stock payable on September 16, 2026 to shareholders of record at the close of business on September 1, 2026.
Upcoming Communications
For important news and information regarding McDonald's, including the timing of future investor conferences and earnings calls, visit the Investor Relations section of the Company's Internet home page at www.investor.mcdonalds.com. McDonald's uses this website as a primary channel for disclosing key information to its investors, some of which may contain material and previously non-public information.
About McDonald's
McDonald's is the world's leading global foodservice retailer with over 45,000 locations in over 100 countries. Approximately 95% of McDonald's restaurants worldwide are owned and operated by independent local business owners.
Forward-Looking Statements
This document contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from expectations are detailed in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Q filing for the quarter ended March 31, 2026. The Company undertakes no obligation to update such forward-looking statements, except as may otherwise be required by law.
Charter Communications zveřejní výsledky za 2. čtvrtletí před otevřením trhu v pátek 24. července; odhady čekají EPS 10 USD a tržby 13,51 miliardy USD. Akcie ve čtvrtek klesly o 2,1 % na 126,50 USD.
Charter Communications, Inc. (NASDAQ:CHTR) will release its second quarter earnings report before the opening bell on Friday, July 24.
Analysts expect the Stamford, Connecticut-based company to report quarterly earnings of $10 per share, up from $9.18 per share in the year-ago period. The consensus estimate for Charter Communications’ quarterly revenue is $13.51 billion. It reported $13.77 billion last year, according to Benzinga Pro.
On April 24, Charter Communications reported worse-than-expected first-quarter EPS results.
Charter Communications shares fell 2.1% to close at $126.50 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying CHTR stock? Here’s what analysts think:
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SLB N.V. (NYSE:SLB) will release its second quarter earnings report before the opening bell on Friday, July 24.
Analysts expect the Houston, Texas-based company to report quarterly earnings of 52 cents per share, down from 74 cents per share in the year-ago period. The consensus estimate for SLB quarterly revenue is $8.68 billion. It reported $8.55 billion last year, according to Benzinga Pro.
On July 14, SLB announced an agreement with Liberty Energy Inc. (NYSE:LBRT) to form a strategic alliance for data center infrastructure and power.
SLB shares fell 0.9% to close at $47.22 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying SLB stock? Here’s what analysts think:
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NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.31 per share on the company's outstanding common stock. The dividend is payable on September 25, 2026 to shareholders of record at the close of business on September 11, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance, and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, information regarding our dividend program and future payment obligations. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Relations Contact:
David Lurie
+1.914.538.0533 [email protected]
Investor Relations Contact:
Ato Garrett
+1.212.401.8737 [email protected]
Virtu Financial uzavřela dodatečné termínované úvěry za 500 milionů USD a navýšila celkový objem seniorního zajištěného úvěrového rámce na 2,03 miliardy USD.
July 23, 2026 16:05 ET | Source: Virtu Financial, LLC
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NYSE: VIRT) (the “Company”), a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries successfully priced and closed incremental term loans in the amount of $500 million (the “Incremental Term Loans”), increasing the total term loan balance under its senior secured credit facility to $2,030 million (the “Term Loans”).
The Incremental Term Loan, along with the existing Term Loans, will bear interest at Term SOFR + 250 basis points, and will be issued at par.
The proceeds of the Incremental Term Loan may be used for general corporate purposes. The Term Loans are guaranteed by Virtu Financial LLC, a subsidiary of the Company, and certain of its subsidiaries.
About Virtu Financial, Inc.
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrency and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre-, intra-, and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.
This press release contains forward-looking statements. These forward-looking statements are subject to numerous uncertainties and factors relating to the Company’s operations and business environment, as well as uncertainties relating to the Term Loans. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized.
Huntington Bancshares oznámila čtvrtletní dividendu na kmenové akcie HBAN ve výši 0,155 USD na akcii, beze změny oproti předchozímu čtvrtletí. Rada zároveň schválila také čtvrtletní dividendy na šest sérií prioritních akcií.
, /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors ("Board") declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter. The common stock cash dividend is payable October 1, 2026, to shareholders of record on September 17, 2026.
The Board also declared quarterly cash dividends on the following six series of its preferred stock payable October 15, 2026, to their respective shareholders of record on October 1, 2026:
A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $16.78632394 per share (equivalent to $0.4196581 per depositary receipt share). A quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share). A quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share). A quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share). A quarterly cash dividend on its 6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of $17.19 per share (equivalent to $0.42975 per depositary share). A quarterly cash dividend on its 6.25% Series K Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150BG8) of $1,562.50 per share (equivalent to $15.625 per depositary share). Lastly, the Board declared a quarterly cash dividend on the company's 5.50% Series L Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANZ) of $343.75 per share (equivalent to $0.34375 per depositary share) payable November 20, 2026, to shareholders of record on November 5, 2026.
About Huntington
Huntington Bancshares Incorporated is a $284 billion asset regional bank holding company headquartered in Columbus, Ohio. A top 10 U.S. commercial bank, the Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Founded in 1866, Huntington operates over 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information.
Wintrust Financial Corporation schválila čtvrtletní hotovostní dividendu 0,55 USD na kmenovou akcii. Splatná je 20. srpna 2026 akcionářům zapsaným k 6. srpnu 2026.
July 23, 2026 16:05 ET | Source: Wintrust Financial Corporation
ROSEMONT, Ill., July 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) has approved a quarterly cash dividend of $0.55 per share of outstanding common stock. The dividend is payable on August 20, 2026, to shareholders of record as of August 6, 2026.
Additionally, the Company’s Board of Directors approved a cash dividend on outstanding shares of the Company’s 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. The dividend is payable on October 15, 2026, to shareholders of record as of October 1, 2026.
About Wintrust
Wintrust is a financial holding company with $74.7 billion in assets whose common stock is traded on the Nasdaq Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.
Forward-Looking Information
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year and in Wintrust’s subsequent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.
FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Website address: www.wintrust.com
Moneta Money Bank za první pololetí zvýšila čistý zisk o 8,1 % na 3,3 miliardy korun a očekává, že celoroční cíl 6,6 miliardy korun překoná asi o 200 milionů.
Moneta Money Bank vykázala za první letošní pololetí čistý zisk 3,3 miliardy korun, což je meziročně o 8,1 procenta více. Výsledky podpořily především vyšší provozní výnosy, zatímco provozní náklady zůstaly prakticky beze změny. Banka zároveň potvrdila celoroční výhled a nově očekává, že původně stanovený cíl překoná.
Provozní výnosy skupiny vzrostly meziročně o 6,5 procenta na 7,2 miliardy korun. Čistý úrokový výnos se zvýšil o 8,5 procenta na 5,2 miliardy korun díky růstu objemu nově poskytnutých úvěrů a úpravě sazeb v hypotečním portfoliu. Čistá úroková marže za první pololetí dosáhla dvou procent.
Pozitivní vývoj zaznamenaly také poplatky a provize z investičních produktů, kde čistý výnos stoupl o 6,2 procenta na 1,8 miliardy korun. Výnosy z jejich distribuce vzrostly o třetinu na 544 milionů korun. Výnosy z distribuce pojištění dosáhly 598 milionů korun.
Celkové provozní náklady zůstaly na úrovni 2,9 miliardy korun. Vyšší personální náklady, které vzrostly o 8,8 procenta na 1,3 miliardy korun, kompenzovaly nižší odpisy a pokles správních nákladů. Regulované poplatky meziročně vzrostly o 8,7 procenta na 212 milionů korun.
Náklady na riziko dosáhly 414 milionů korun, což odpovídá 28 bazickým bodům průměrného čistého úvěrového portfolia. Banka uvedla, že meziroční růst ovlivnilo především selhání jednoho komerčního klienta. Podíl úvěrů v selhání se však dále snížil na 0,9 procenta. Prodeje problémových pohledávek v nominální hodnotě 716 milionů korun zároveň přinesly mimořádný výnos 58,5 milionu korun.
Výrazně rostla úvěrová aktivita. Moneta poskytla nové úvěry v celkovém objemu 51,7 miliardy korun, což je o 43,9 procenta více než před rokem. Nově poskytnuté hypotéky zaznamenaly růst o 61,8 procenta na 14,6 miliardy korun, zatímco objem spotřebitelských a ostatních retailových úvěrů se zvýšil o 23,3 procenta na 15,3 miliardy korun. V případě malých a středních podniků se objem nových úvěrů zvýšil o 58,2 procenta na 16,6 miliardy korun.
Celkové úvěrové portfolio banky meziročně vzrostlo o 9,1 procenta na 310 miliard korun. Rychleji rostl komerční segment, jehož objem se zvýšil o 18,5 procenta na 116 miliard korun. Retailové úvěry vzrostly o 4,2 procenta na 193 miliard korun.
Silnou dynamiku si nadále udržuje oblast investic. Klienti banky investovali během prvního pololetí do podílových fondů 10,9 miliardy korun a celkový objem prostředků ve fondech ke konci června dosáhl 88,7 miliardy korun, meziročně o 31,5 procenta více.
Banka současně v červnu vydala nástroj dodatečného kapitálu Tier 1 (AT1) v objemu 150 milionů eur. Emise byla podle banky trojnásobně přeupsána a agentura Moody's jí přidělila rating Ba1. Získané prostředky mají podpořit další růst úvěrového portfolia.
Představenstvo zároveň potvrdilo střednědobý výhled pro období 2026 až 2030. Pro letošek Moneta nadále míří k čistému zisku 6,6 miliardy korun, nově ale očekává, že tento cíl překoná přibližně o 200 milionů korun. K lepšímu výsledku mají přispět především vyšší úrokové výnosy z rychlejšího růstu úvěrového portfolia a nižší než plánované provozní náklady.
Summit Therapeutics Inc. (SMMT) Q2 2026 Earnings Call July 23, 2026 4:30 PM EDT
Company Participants
Dave Gancarz - Chief Business & Strategy Officer
Robert Duggan - Co-CEO & Executive Chairman
Mahkam Zanganeh - Co-CEO, President & Director
Manmeet Soni - COO, CFO & Director
Allen Yang - Chief R&D Strategy Officer
Conference Call Participants
Yigal Nochomovitz - Citigroup Inc., Research Division
Nicholas Lorusso - TD Cowen, Research Division
Salveen Richter - Goldman Sachs Group, Inc., Research Division
Bradley Canino - Guggenheim Securities, LLC, Research Division
William Zhang - Wells Fargo Securities, LLC, Research Division
David Dai
Reni Benjamin - Citizens JMP Securities, LLC, Research Division
Eric Schmidt - Cantor Fitzgerald & Co., Research Division
Dara Azar - Stifel, Nicolaus & Company, Incorporated, Research Division
Faisal Khurshid - Jefferies LLC, Research Division
Presentation
Operator
Good afternoon, and welcome to Summit Therapeutics Q2 2026 Earnings Call. [Operator Instructions] We do not expect any technical difficulties today. However, in the event that we lose the webcast connection and are unable to provide any updates, please wait up to 10 minutes for resolution. Please refer to the company's website for updates. Please note that today's call is being recorded. [Operator Instructions]
At this time, I would like to turn the call over to Dave Gancarz, Summit Therapeutics Chief Business and Strategy Officer. You may proceed.
Dave Gancarz
Chief Business & Strategy Officer
Good afternoon, and thank you for joining us. On today's call, we will provide an update on our second quarter 2026 financial results and operational progress. This afternoon's press release is available on our website, www.smmttx.com. Our Form 10-Q was also filed today and is available on our website and via the SEC's website. Today's call is being simultaneously webcast, and an archived replay will also be made available later today on our website.
Comstock uvedl, že na konci 2. čtvrtletí měl asi 31,4 milionu USD v hotovosti a žádný dluh. Firma zároveň dokončuje svou první průmyslovou solární recyklační linku, která má v srpnu začít v provozu.
3 Micro-Caps Set for Major Moves: Balancing Risk and OpportunityComstock NYSEAMERICAN: LODE executives said the company ended the second quarter of 2026 with a stronger balance sheet, completed major capital spending on its first industry-scale solar panel recycling facility and remains focused on monetizing legacy mining and real estate-related assets.
Chief Financial Officer Judd Merrill said Comstock ended the quarter with approximately $31.4 million in cash and no debt. Total working capital was $39.9 million, based on $58.1 million in current assets and $18.2 million in current liabilities.
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Merrill said the company expects another $20 million in cash in August upon closing a securities purchase agreement tied to the sale of 100% of its legacy mining assets to Mackay Precious Metals. He said the transaction would also remove mining reclamation liabilities, bonding requirements and related costs from Comstock’s balance sheet, while allowing the company to retain upside through net smelter return royalties across the district and equity in Mackay.
“The mining sale will also eliminate annual costs of about $1.4 million and free our capacity to focus more on the recycling business,” Merrill said.
Capital Deployment Focused on Metals and Sierra Springs Merrill said Comstock’s largest source of cash during the first half of the year was its January equity financing, which generated approximately $56 million in net proceeds. The company also generated nearly $6.5 million in additional proceeds, including more than $2 million from mining asset sales, $1.8 million from debt extinguishment-related recoveries and $2.6 million in solar panel recycling revenue, including deferred revenue from Comstock Metals.
On the spending side, Merrill said the company invested approximately $21 million into Sierra Springs, enabling the closing of more than 2,200 acres of land and nearly 2,000 acre-feet of water rights. The investment increased Comstock’s ownership in Sierra Springs to nearly 50%, according to the company.
Comstock also spent approximately $5 million completing its first industry-scale metals recycling facility, $1.3 million expanding product upgrade capabilities, approximately $1.4 million advancing new metals recovery technologies and approximately $3 million on metals operating costs as operations ramped.
Merrill said Comstock was added to the Russell 2000 and Russell 3000 indexes in late June, which the company views as a step in strengthening its institutional capital base.
Solar Panel Recycling Facility Set to Begin Continuous Operations Chief Executive Officer Corrado De Gasperis said Comstock’s first industry-scale solar panel recycling system is expected to begin ramping in August after final testing and commissioning. He said the system is designed for 100,000 tons of annual capacity and that the company expects to operate at about 25% capacity initially.
De Gasperis said the company’s process is designed to remove contaminants and produce clean, saleable materials, including glass and metals. He said Comstock’s product upgrade systems are already operating and have been stress-tested, allowing the company to produce higher-specification glass while recovering additional residual materials.
Merrill said the company’s new storage area is graded, fenced and ready to open, with total panels on the ground and ready for processing approaching 9,000 tons. De Gasperis later said panels are stored across sites including California and Ohio, but the company is not disclosing volumes by location.
In response to investor questions, Merrill said the metals operation begins generating cash from an operational standpoint when the first plant reaches a little more than 20% capacity. He said the company-wide cash flow threshold from plant one is roughly 40% to 50% of operations.
De Gasperis said Comstock is not guiding beyond 25% capacity for the year-end ramp, though he said the company has incentives to push higher. “Getting to 25% proves what most people are looking to see,” he said, citing whether the machine works reliably and profitably at the line-of-business level.
Management Discusses Customers, Competition and Future Sites De Gasperis said Comstock continues to engage with large customers in the utility segment and has been adding offtake agreements. He said customer demand today is smaller than what the company expects as deployed solar panels mature and reach end of life.
Asked about competitors, De Gasperis said the company still sees alternatives such as landfilling or shredding panels and shipping materials overseas, but said Comstock does not see another company with a comparable science-based system that can produce clean materials and scale to the same extent.
Comstock is also evaluating additional site opportunities. De Gasperis said the company has selected sites two and three, is close to selecting a fourth, and is looking at Ohio, northern Nevada, Texas and the East Coast. He emphasized that site selection is not the same as deploying production capital, and that Comstock will not order equipment for the next facility until the first system is operating and ramping successfully.
The company is also advancing a one-ton-per-day metals recovery pilot system intended to test extraction of silver and other metals from industrial tailings generated by its recycling process. De Gasperis said Comstock hopes to know more about silver recovery before the end of the year, but said it is premature to discuss silver yields.
Sierra Springs Monetization Effort Advances Comstock executives spent a significant portion of the call discussing Sierra Springs, which De Gasperis described as a potentially valuable industrial land and infrastructure opportunity in northern Nevada. He said the consolidated land, water and power position is intended to attract counterparties involved in major industrial and compute-related development.
De Gasperis said Sierra Springs has secured an initial precedent agreement tied to 50,000 dekatherms per day of natural gas, which he said could translate to up to 300 megawatts of power. He said Comstock is also positioned for a potential follow-on opportunity that could bring the total to at least 1.2 gigawatts, though the later opportunity has not yet come to formal bid.
De Gasperis said the company expects to launch a marketing effort later this summer and believes it can structure transactions before year-end, although he noted that potential counterparties may require 90 to 150 days of due diligence.
Bioleum Strategy Recalibrated De Gasperis said Bioleum has been operating more quietly as Comstock prioritizes the metals business, the mining asset sale and Sierra Springs. He said Bioleum’s strategy has been recalibrated following the acquisitions of RenFuel and Hexas, with a focus on integrating feedstock and conversion technologies into a “farm-to-fuel” platform.
De Gasperis said the company does not expect revenue from Bioleum generating fuels in 2027, but does expect revenue from Bioleum generating materials for fuels and from Hexas. He also said Comstock expects to pursue capital at the subsidiary level, potentially through non-dilutive sources and third-party investment, before the end of the year.
Asked about Bioleum impairments recorded in the quarter, De Gasperis said they were non-cash and tied to intellectual property that is no longer strategic to Bioleum’s focused plan. Merrill said the company’s investment carrying value increased to approximately $67 million even after the non-cash impairment.
About Comstock (NYSEAMERICAN:LODE)Comstock Mining, Inc NYSE: LODE is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.
In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Alphabet drží ve SpaceX podíl v hodnotě asi 94 miliard USD, ale celý jej zatím nelze prodat. Asi 80 miliard USD je v krátkodobém lockupu a zbývajících 14,1 miliardy USD je zamčeno až do 3. čtvrtletí roku 2027.
Alphabet (GOOG -6.88%)(GOOGL -7.12%) gave investors plenty to debate in its second-quarter report this week, from 24% revenue growth to another big increase in its capital spending plans. But I'd argue the most remarkable number sat in the company's quarterly filing with the Securities and Exchange Commission. Alphabet's stake in rocket maker SpaceX (SPCX +2.58%) was worth about $94 billion as of June 30.
Zoom out, and the history behind that figure is extraordinary. In January 2015, Google and investment firm Fidelity together put $1 billion into SpaceX for a combined stake of just under 10%. SpaceX now carries a $1.5 trillion market value -- about 150 times what the entire company was worth in that funding round.
But Alphabet can't spend a dollar of its windfall yet. The filing shows the whole position is restricted from sale. About $80 billion of the stake sits under short-term restrictions (the standard lockup period that follows an initial public offering), and the remaining $14.1 billion is locked up through the third quarter of 2027.
Here's a closer look at what the stake means for shareholders on both sides of it.
Image source: Getty Images.
A windfall on paper The stake did wonders for Alphabet's reported profit. Second-quarter net income rose 298% year over year to $112.1 billion, and earnings per share climbed 294% to $9.11.
The driver wasn't advertising or cloud computing. It was a $99.0 billion gain on equity securities, which the company said primarily reflected unrealized gains from SpaceX and a private company (reported to be artificial intelligence (AI) developer Anthropic).
Unrealized is the key word. Alphabet didn't collect $99 billion in cash. It marked up shares it isn't currently allowed to sell.
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That distinction helps explain why investors mostly shrugged at the windfall and focused on spending instead. Alongside the report, Alphabet raised its capital spending guidance for 2026 to $195 billion to $205 billion, from the $180 billion to $190 billion range it set in April. Free cash flow swung to negative $5.9 billion for the quarter, down from a positive $10.1 billion in the first quarter. Also worth noting: the company raised $49.6 billion in June by selling new stock, all while sitting on $94 billion of SpaceX shares it can't touch. After all, locked-up paper gains don't fund data centers.
Shares of Alphabet were down about 7% Thursday afternoon as of this writing.
Of course, the stake still matters. It amounts to about 2.4% of Alphabet's roughly $3.9 trillion market capitalization -- a nice bonus for shareholders, but not the reason to own the stock.
The other side of the trade For SpaceX shareholders, the disclosure sends two messages at once.
The first is a vote of confidence. Alphabet has held on for more than a decade, and it still owns an effective stake of about 4.9% of the company, down from about 6% before recent dilution. An investor of Alphabet's caliber keeping a position this large is arguably part of the bull case.
The second message is about supply. SpaceX stock has had a rough public debut. Shares went public at $135 in June, peaked at $225.64, and trade at about $116 as of this writing -- a decline of nearly 49% from the high.
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And the restrictions on Alphabet's stake begin easing after SpaceX delivers its first earnings report, scheduled for Aug. 4. Alphabet hasn't said anything about selling. But an outside holder with $94 billion of stock and a spending plan of its own approaching $200 billion at least has reasons to consider it once it's allowed.
Also, SpaceX shares have fallen since June 30, so the stake is already worth less than the filing's mark. Paper gains move in both directions.
So what should investors do with the news? For Alphabet shareholders, I'd treat the SpaceX windfall as exactly that -- a windfall. The investment case still rests on the operating business (where revenue grew 24% year over year last quarter and Google Cloud is accelerating) and on whether the company's enormous AI spending pays off.
For anyone eyeing SpaceX stock, though, the filing is worth remembering. The company is still losing money, its market value sits near $1.5 trillion, and one outside holder alone is sitting on $94 billion of stock it will soon be free to sell. Between the two stocks, I'd rather own the shareholder than the rocket maker.
American Express enters Friday’s earnings report with options traders preparing for an almost $12 swing in its shares, but positioning offers little agreement over direction.
The split reflects unusually balanced fear of disappointment and hope for upside.
Contracts expiring on July 24 imply a move of about 3.5%, based on a snapshot taken when the stock traded near $341.89.
American Express stock NYSE:AXP later closed Thursday at $340.84, down 2.3%. The figure therefore represents the expected magnitude of the reaction, not a forecast that the shares will rise or fall.
The company is due to release results at about 7 am ET, followed by an earnings call at 8:30 am ET.
The implied move comes from the $342.50 at-the-money straddle.
The call traded near $6, while the corresponding put cost $5.97, producing a combined premium of $11.97 and an estimated range of roughly $329.92 to $353.86.
Activity elsewhere in the chain shows the same two-sided tension.
Nearly 1,000 puts traded at the $330 strike and more than 500 changed hands at $335, pointing to demand for downside protection.
Call volume exceeded 1,900 contracts at $350 and 2,200 at $352.50, suggesting traders were also positioning for a breakout.
That does not guarantee volatility buyers will profit.
If American Express stays inside the implied range, the earnings premium embedded in both calls and puts could collapse after the announcement.
Wall Street expects second-quarter earnings of about $4.40 a share and revenue near $19.69 billion.
Those figures provide the first test, but management’s outlook for spending, credit and costs is likely to drive the larger reaction.
Evercore ISI analyst John Pancari raised his price target to $380 from $345 while retaining an In Line rating.
TipRanks reported that Pancari sees “forward guidance” as the key focus while interest rates remain higher for longer.
American Express entered the quarter forecasting 2026 revenue growth of 9% to 10% and earnings of $17.30 to $17.90 a share.
A change to either range could push the stock beyond the options-implied band.
The company must also control expenses.
First-quarter costs rose as rewards, customer benefits and marketing investments increased, supporting engagement but potentially pressuring margins if revenue growth slows.
American Express’s premium cardholder base remains the strongest argument for an upside surprise.
First-quarter cardmember spending rose 9% on a currency-adjusted basis, while revenue increased 11% to $18.9 billion.
JPMorgan analyst Richard Shane upgraded the shares to Overweight and lifted his target to $400 from $328.
He views high-income customers as “relatively shielded” from the Middle East crisis and American Express as exposure to the “most insulated cohort in consumer finance.”
Investors will watch billed-business growth, travel and entertainment spending, card-fee income, customer acquisition and credit quality for evidence that this resilience is holding.
The valuation debate remains unresolved.
American Express carries a Moderate Buy consensus, but BTIG analyst Vincent Caintic retained a Sell rating despite lifting his target to $324 from $285.
His target remains below Thursday’s close, showing that stronger earnings do not automatically make the shares inexpensive.
RingCentral zveřejnila konferenční hovor k výsledkům hospodaření za 2. čtvrtletí 2026. V úvodu upozornila, že všechny následující ukazatele jsou non-GAAP a meziročně srovnatelné.
RingCentral, Inc. (RNG) Q2 2026 Earnings Call July 23, 2026 5:00 PM EDT
Company Participants
Steven Horwitz - Vice President of Investor Relations
Vladimir Shmunis - Co-Founder, CEO & Executive Chairman
Kira Makagon - President & COO
Vaibhav Agarwal - Chief Financial Officer
Conference Call Participants
Elizabeth Elliott - Morgan Stanley, Research Division
Sitikantha Panigrahi - Mizuho Securities USA LLC, Research Division
Timothy Horan - Oppenheimer & Co. Inc., Research Division
Brian Peterson - Raymond James & Associates, Inc., Research Division
Andrew King - Rosenblatt Securities Inc., Research Division
James Fish - Piper Sandler & Co., Research Division
Presentation
Operator
Good day, and welcome to the RingCentral Second Quarter 2026 Earnings Conference Call. [Operator Instructions]
Please note, this event is being recorded. I would now like to turn the conference over to Steven Horwitz, Vice President of Investor Relations. Please go ahead.
Steven Horwitz
Vice President of Investor Relations
Thank you. Good afternoon, and welcome to RingCentral's Second Quarter 2026 Conference Call. Joining me today are Vlad Shmunis, Founder, Chairman and CEO; Kira Makagon, President and COO; and Vaibhav Agarwal, CFO.
Our remarks today include forward-looking statements regarding the company's business operations, financial performance and outlook. These statements are subject to risks and uncertainties, some of which are beyond our control and are not guarantees of future performance. Actual results may differ materially from our forward-looking statements, and we undertake no obligation to update these statements after this call.
If the call is replayed after today, the information presented may not contain current or accurate information. For a complete discussion of risks and uncertainties related to our business, please refer to the information contained in our filings with the Securities and Exchange Commission as well as today's earnings release.
Unless otherwise indicated, all measures that follow are non-GAAP with year-over-year comparisons. A reconciliation of all GAAP to non-GAAP
Zdrojový text obsahuje jen úvod ke konferenčnímu hovoru o výsledcích SkyWest za 2. čtvrtletí 2026, který se konal 23. července 2026, a neuvádí žádné konkrétní výsledky ani klíčovou novinku.
SkyWest, Inc. (SKYW) Q2 2026 Earnings Call July 23, 2026 4:30 PM EDT
Company Participants
Robert Simmons - Chief Financial Officer
Eric Woodward - Chief Accounting Officer
Russell A. Childs - CEO, President & Director
Wade Steel - President & COO- SkyWest Airlines
Conference Call Participants
Savanthi Syth - Raymond James & Associates, Inc., Research Division
Michael Linenberg - Deutsche Bank AG, Research Division
Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division
Thomas Fitzgerald - TD Cowen, Research Division
Catherine O'Brien - Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Thank you for standing by and welcome to the SkyWest, Inc. Second Quarter 2026 Results Call. [Operator Instructions] I would now like to turn the call over to Rob Simmons, Chief Financial Officer. Sir, please go ahead.
Robert Simmons
Chief Financial Officer
Thanks, everyone, for joining us on the call today. As the operator indicated, this is Rob Simmons, SkyWest's Chief Financial Officer. On the call with me today are Chip Childs, President and Chief Executive Officer; Wade Steel, SkyWest Airlines President and Chief Operating Officer; and Eric Woodward, Chief Accounting Officer. I'd like to start today by asking Eric to read the safe harbor. Then I will turn the time over to Chip for some comments. Following Chip, I will take us through the financial results, then Wade will discuss the fleet and related flying arrangements. Following Wade, we will have the customary Q&A session with our sell-side analysts.
Eric?
Eric Woodward
Chief Accounting Officer
Today's discussion contains forward-looking statements that represent our current beliefs, expectations and assumptions regarding future events and are subject to risks and uncertainties. We assume no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Actual results will likely vary and may vary materially from those anticipated, estimated or projected for a number of reasons. Some of
SL Green Realty zvýšila výhled FFO pro rok 2026 o 1,20 USD na akcii, tedy o více než 26 %, díky silnějším pronájmům a One Vanderbilt. Ekonomická obsazenost ve čtvrtletí vzrostla o 300 bazických bodů.
Is Consumer Discretionary a Dead End? These 3 Stocks Say NoSL Green Realty NYSE: SLG raised its 2026 funds from operations guidance sharply after what management described as a strong first half of the year, citing stronger leasing, improved economic occupancy, expense control and a recurring contribution tied to One Vanderbilt.
On the company’s Q2 2026 earnings call, Chairman and Chief Executive Officer Marc Holliday said leasing gains made over the past several years are now showing up in the company’s financial results. He said economic occupancy rose 300 basis points during the quarter as concessions burned off and vacancy declined.
Get SL Green Realty alerts:
Are Dividend-Paying Office REITs Finally Staging A Comeback?“Much of what we predicted at our investor conference in December is now playing out in ways that directly drive earnings and improves cash flow,” Holliday said. He added that the company expects to exceed its leasing goals for the year, though management said it was too early to reforecast the exact magnitude.
FFO Guidance Raised by $1.20 Per Share Chief Financial Officer Matt DiLiberto said SL Green increased its 2026 FFO guidance by $1.20 per share, or more than 26%, with “the vast majority” of the increase recurring. He attributed $0.20 per share of incremental FFO to the real estate portfolio, including benefits from early renewals, leasing of pre-built space, faster delivery of space to tenants and expense containment. DiLiberto said $0.10 of that amount was recognized in the second quarter.
These 3 Top-Rated Small Caps May Be Undervalued BargainsAnother $0.20 per share is expected from additional fee and other income tied to execution of the company’s 2026 business plan over the remainder of the year.
The largest component of the guidance increase, however, came from One Vanderbilt. DiLiberto said the property’s strong cash flow had caused SL Green’s carrying value in the investment to go negative, reaching the maximum negative basis allowed under GAAP at the end of the first quarter. Beginning in Q2, the company’s FFO contribution from One Vanderbilt includes amortization of the negative carrying value and the difference between cash distributions received and SL Green’s share of GAAP net income.
DiLiberto said those two components add $0.80 per share to 2026 FFO, including $0.35 recorded in the second quarter. He said the contribution is expected to be “as much or more” next year based on current projections.
Leasing Momentum Broad-Based Across Portfolio SL Green executives described leasing strength as broad-based, with particular rent appreciation in Park Avenue and Sixth Avenue assets. Steve Durels, executive vice president and director of leasing and real property, said rents have risen “dramatically” at properties including 1185 Sixth Avenue and 245 Park Avenue.
Asked about leasing mark-to-market trends, Durels said the strength was not isolated to one building or submarket. “Across the portfolio, we’ve been consistently raising asking rents throughout the year,” he said, adding that the company expects similar trends in the next quarter.
Durels said the company’s leasing pipeline stood at 900,000 square feet, about evenly split between new leases and renewals. Of that amount, 400,000 square feet was in active negotiation, with the balance in term sheets expected to convert to leases.
Management also highlighted activity tied to technology and artificial intelligence tenants. Durels said there are 9.5 million square feet of active technology searches in Manhattan, including 2.5 million square feet from AI tenants. He said SL Green has limited AI exposure to roughly 1% to 2% of its portfolio and noted that many current AI prospects are better capitalized than dot-com-era tenants.
New York City Office Market Cited as Key Driver Holliday repeatedly pointed to New York City’s economic strength as a foundation for SL Green’s performance. He cited Wall Street profits, office-using job growth, venture capital funding and broad demand from financial services, technology and healthcare as factors supporting office leasing.
He said the city has seen about 50 million square feet of office space leased over the past four quarters, which he characterized as likely a record. Holliday said the recovery is being driven by four factors: a strong local economy, limited new office supply, tenants moving forward with long-term space plans after years of uncertainty, and office-to-residential conversions reducing available office inventory.
“As long as the economy stays robust as it is, we don’t see this abating anytime soon,” Holliday said.
On concessions, Durels said renewal deals continue to support higher net effective rents. For typical five-year renewals, he said free rent is generally around three to four months, with three months often being the average. For new 10-year transactions, he said free rent could eventually move toward 10 months.
Capital Markets, Dispositions and Development Updates President and Chief Investment Officer Harry Sitomer said investor demand for quality Midtown Manhattan assets remains strong despite higher benchmark rates. He said SL Green has completed or is under contract on four of the 11 transactions in its 2026 plan and expects to announce two more soon, with the remaining five expected to launch later in the year.
Sitomer cited several recent transactions, including SL Green’s partnership with Mori Building at 346 Madison Avenue and its contract to sell 10 East 53rd Street at an approximately 5.7% cap rate. He said the 10 East 53rd Street sale represents roughly a 3.5 times multiple on SL Green’s 2024 acquisition of its partner’s interest.
On debt markets, Sitomer said SL Green remains encouraged by credit availability, pointing to roughly $11 billion of year-to-date CMBS originations, compared with about $8.5 billion during the same period last year. He said the company’s next major refinancing is 245 Park Avenue, which is in advanced stages.
DiLiberto said SL Green continues to hedge interest rate exposure, maintaining a more cautious stance as benchmark rates remain volatile. He said the company’s debt mix is now closer to 90% fixed and 10% floating, compared with a prior 70/30 mix.
At 346 Madison, Holliday said SL Green chose to bring in Mori Building early to fully capitalize and de-risk the development. He said the company may syndicate additional equity later, potentially after leasing begins, upon completion or during recapitalization.
SUMMIT and Other Assets Holliday said SUMMIT One Vanderbilt continues to outperform competing observatory attractions in attendance and average ticket price, even as overall tourism in New York has been weaker this year. He said attendance was softer early in the year but improved beginning in late May and June, with recent daily ticket sales reaching levels typically seen during the year-end holiday period.
SL Green remains on track to open SUMMIT Paris in 2027 and SUMMIT Tokyo in 2030, Holliday said, adding that the company sees “enormous growth potential” for the business.
Regarding 1515 Broadway, Holliday said SL Green has reassessed plans after the casino outcome and now views the property positively. He said Paramount’s acquisition by Skydance and planned Warner Bros. transaction could put the building back in play for longer-term use by the combined company. He also said lower debt at the property after the Paramount lease expires would give SL Green flexibility to consider entertainment-focused conversion options.
DiLiberto said SL Green still expects funds available for distribution to improve through 2026 and 2027, with the company reaching dividend coverage breakeven in 2028.
About SL Green Realty (NYSE:SLG)SL Green Realty Corp. NYSE: SLG is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City's largest office landlords, the company's portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.
Founded in 1980 by real estate investor Stephen L.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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47 analytiků u společnosti Apple má průměrnou 12měsíční cílovou cenu asi 319 USD, tedy mírně pod aktuální cenou kolem 321,75 USD. Firma oznámí výsledky za fiskální třetí čtvrtletí 30. července.
Something odd has happened to Apple (AAPL -1.27%) on Wall Street. The 47 analysts covering the stock still rate it a buy, on average. But their average 12-month price target is now about $319 -- slightly below the roughly $320 the stock trades for as of this writing. In other words, the analysts who recommend buying Apple are, collectively, forecasting that it goes nowhere for a year.
That's an unusual setup for one of the world's most valuable tech companies, and the timing sharpens it. Apple reports fiscal third-quarter results on July 30, one week from today.
So is Wall Street quietly saying the stock is fully valued? Or have the targets simply not caught up with a stock that has moved faster than the models tracking it? A little of both, I'd argue.
Image source: Apple.
What a below-price average actually says The average hides a wide spread. Price targets on Apple run from a low of $215 to a high of $400, and the median target of about $329 sits modestly above the current share price.
The ratings lean the same direction as the average rating suggests. Of the 47 analysts, 29 rate the stock a buy or better, 14 call it a hold, and only four recommend selling.
That combination of bullish ratings and flat targets usually shows up after a stock has made a big move in a short time. Apple qualifies. Shares trade about 59% above their 52-week low of $201.50, and they set a record high of $334.99 within the past week.
Price targets tend to trail a run like that, getting revised upward in steps as analysts refresh their models. Indeed, the revisions are still coming. Morgan Stanley just lifted its target to $364.
But it would be too easy to dismiss the flat average as pure lag. The targets also reflect a valuation that has expanded dramatically. Apple trades at about 40 times earnings, a big premium to where it sat for most of the past few years.
The business is backing it up for now. Revenue rose 17% year over year in the fiscal second quarter, and earnings per share climbed 22%. But a year ago, investors could buy the same company for a much smaller premium. The below-price average is Wall Street's way of saying most of that improvement is now in the price.
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The setup into July 30 That leaves next week's report carrying more weight than usual. Apple has scheduled its fiscal third-quarter results for Thursday, July 30. A 40-times-earnings multiple on a company sitting 4% from its record high leaves little cushion if growth cools.
There are reasons to expect the growth to hold. The company's recent momentum has been broad. iPhone revenue hit $57 billion in the March quarter, a record for the period and up 22% year over year, and the high-margin services business set an all-time revenue record of its own.
And Apple keeps adding potential catalysts. A reported device-leasing program with Klarna is reportedly set to launch on July 28 -- a move that could nudge iPhone revenue toward steadier, subscription-like behavior.
With that said, investors shouldn't count on the report to deliver another leg higher. When the average analyst target sits below the price, good news mostly confirms what's already priced in, while any wobble invites the stock to close the gap with the models. Apple doesn't need to disappoint for the stock to stall. It just needs to be ordinary for a quarter.
As for what I'd do, I wouldn't treat a below-price average target as a sell signal. Analyst targets chase the stock in both directions, and Apple remains one of the highest-quality businesses in the world, with staying power that's difficult to find anywhere else. It's a stock I'd continue holding for the long haul, and I'd still call it a top stock to buy and hold -- in moderation -- even at today's premium.
But the flat consensus is useful as a temperature check. It says the easy stretch of this run is probably over, and that returns from here likely have to be earned by the business quarter after quarter, because the valuation multiple has already done its expanding. Going into July 30, that's worth keeping in mind before expecting fireworks.
Amazon bude od třetích stran vyžadovat označování obrázků a videí s „osobami vytvořenými pomocí AI“ v reakci na nový zákon v New Yorku. Na svém webu také přidá indikátor u položek, kde se takový obsah objeví.
Amazon is requiring that third-party sellers label any product images or videos that contain "AI-generated people" after New York recently passed a law mandating greater transparency around "synthetic performers" in ads.
The company informed sellers Wednesday of the policy change, according to a copy of the announcement viewed by CNBC. The policy directs sellers to tag images and any "A+ content," which refers to videos or other graphics on listing pages, with specific metadata keywords before they're uploaded.
"Recent legislation requires disclosure when images or videos in advertisements contain photorealistic AI-generated people," Amazon wrote in the announcement.
The New York law, which took effect last month, requires companies to disclose if "synthetic performers" are used in place of human actors in advertising. The legislation applies to "digitally-created media that appear as a real person." Governor Kathy Hochul described it as a "first-in-the-nation" law.
"Without notice that the content the public is viewing is not real, AI-generated synthetic performers and manipulated media can undermine one's ability to accurately distill fact from fiction," Hochul's office said in a release.
Amazon clarified in its announcement that the requirement doesn't apply to content featuring TV, video game and movie characters, or content that includes real people, even if they've been altered using AI.
The company said it will "add an indicator" to listings on its website, informing consumers that images or other content feature AI-generated people, "where applicable." It's unclear what criteria Amazon will apply when deciding when to display the label to shoppers.
Amazon didn't immediately provide a comment.
Amazon has embraced AI internally and it's increasingly infusing the technology across its portfolio. The company has optimized listing titles and details so they're more likely to be spotted by AI systems, invested in a recently rebranded assistant called Alexa for Shopping, and launched a feature that injects AI-generated products into its search bar in real time based on user queries.
More Amazon third-party sellers are using AI to generate text, images and other content for their listings, partly by using the company's tools.
Outside sellers are the engine behind Amazon's core retail business, accounting for more than 60% of goods sold on its marketplace.
There is no federal law requiring companies to disclose when advertising content has been created using AI.
States have taken steps to require greater transparency around AI content. Earlier this year, California began requiring large AI providers to embed watermarks in AI-generated images, video or other content.
Meta, TikTok, Pinterest and Google's YouTube have added AI-generated content labels to videos and images uploaded to their platforms. TikTok and Meta have recently been criticized for not adequately labeling ads that feature AI-generated influencers hawking dubious products, in some cases without a brand's knowledge.
TikTok has said it's taken steps to ban accounts that make misleading health claims, and Meta said it labels AI videos
Nokia zveřejnila výsledky za 2. čtvrtletí 2026. V prezentaci uvedla, že tempo růstu je počítáno v konstantní měně a ostatní finanční údaje podle srovnatelného vykazování.
Nokia Oyj (NOK) Q2 2026 Earnings Call July 23, 2026 8:00 AM EDT
Company Participants
David Mulholland - Head of Investor Relations
Justin Hotard - President, CEO & Interim President of Mobile Infrastructure
Marco Wiren - Chief Financial Officer
Conference Call Participants
Terence Tsui - Morgan Stanley, Research Division
Simon Leopold - Raymond James & Associates, Inc., Research Division
Sami Sarkamies - Danske Bank A/S, Research Division
Alexander Duval - Goldman Sachs Group, Inc., Research Division
Ulrich Rathe - Bernstein Institutional Services LLC, Research Division
Jakob Bluestone - BNP Paribas, Research Division
Oliver Wong - BofA Securities, Research Division
Richard Kramer - Arete Research Services LLP
Sandeep Deshpande - JPMorgan Chase & Co, Research Division
Sébastien Sztabowicz - Kepler Cheuvreux, Research Division
Robert Sanders - Deutsche Bank AG, Research Division
Artem Beletski - SEB, Research Division
Felix Henriksson - Nordea Markets, Research Division
Presentation
David Mulholland
Head of Investor Relations
Good morning, ladies and gentlemen. Welcome to Nokia's Second Quarter 2026 Results Call. I'm David Mulholland, Head of Nokia Investor Relations. And today with me is Justin Hotard, our President and CEO; along with Marco Wiren, our CFO.
Before we get started, a quick disclaimer. During this call, we will be making forward-looking statements regarding our future business and financial performance, and these statements are predictions that involve risks and uncertainties. Actual results could, therefore, differ materially from the results we currently expect. Factors that could cause such differences can be both external as well as internal operating factors. We have identified such risks in the Risk Factors section of our annual report on Form 20-F, which is available on our Investor Relations website.
Within today's presentation, references to growth rates will be on a constant currency basis and other financial items will be based on our comparable reporting. Please note that our Q2 report and a presentation that accompanies this call are published on
John Pitzer - Corporate Vice President of Corporate Planning & Investor Relations
Lip-Bu Tan - CEO & Director
David Zinsner - Executive VP, CFO and Principal Financial & Accounting Officer
Conference Call Participants
Benjamin Reitzes - Melius Research LLC
Joseph Moore - Morgan Stanley, Research Division
Stacy Rasgon - Bernstein Institutional Services LLC, Research Division
Timothy Arcuri - UBS Investment Bank, Research Division
Vivek Arya - BofA Securities, Research Division
Christopher Muse - Cantor Fitzgerald & Co., Research Division
Aaron Rakers - Wells Fargo Securities, LLC, Research Division
Presentation
Operator
Thank you for standing by, and welcome to Intel Corporation's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, today's program is being recorded.
And now I'd like to introduce your host for today's program, Mr. John Pitzer, Vice President, Investor Relations. Please go ahead, sir.
John Pitzer
Corporate Vice President of Corporate Planning & Investor Relations
Thank you, Jonathan, and good afternoon to everyone joining us today. By now, you should have received a copy of the Q2 earnings release and presentation. Both are available on our Investor Relations website, intc.com. For those joining us online today, this presentation is also available on our webcast window.
I am joined today by our CEO, Lip-Bu Tan; and our CFO, David Zinsner. Lip-Bu will open up with comments on second quarter results and update the progress we're making on strategic priorities. Dave will then discuss our overall financial results, including third quarter guidance before we transition to answer your questions.
Before we begin, please note that today's presentation does contain forward-looking statements based on the environment as we currently see it. As such, they are subject to various risks and uncertainties. It also contains reference to non-GAAP financial measures that we believe provide useful
Newmont oznámil hospodářské výsledky za 2. čtvrtletí 2026 a připomněl nedávné změny ve vrcholovém vedení. CEO Natascha Viljoen uvedla, že posilují hloubku a talent, které ve firmě mají.
Neil Backhouse - Group Head of Treasury & Investor Relations
Natascha Viljoen - CEO, President & Director
Brian Tabolt - Executive VP & CFO
Conference Call Participants
Fahad Tariq - Jefferies LLC, Research Division
Hugo Nicolaci - Goldman Sachs Group, Inc., Research Division
Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division
Richard Garchitorena - Barclays Bank PLC, Research Division
Anita Soni - CIBC Capital Markets, Research Division
Lawson Winder - BofA Securities, Research Division
Joshua Wolfson - RBC Capital Markets, Research Division
Daniel Major - UBS Investment Bank, Research Division
Tanya Jakusconek - Scotiabank Global Banking and Markets, Research Division
Presentation
Operator
Hello, and welcome to Newmont's Second Quarter 2026 Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Newmont's Group Head of Treasury and Investor Relations, Neil Backhouse. Neil, please go ahead.
Neil Backhouse
Group Head of Treasury & Investor Relations
Thank you, Holly. Hello, everyone, and thank you for joining Newmont's Second Quarter 2026 Results Conference Call. Joining me today are Natascha Viljoen, our President and Chief Executive Officer; Brian Tabolt, our newly appointed Executive Vice President and Chief Financial Officer; as well as other members of our management team who will be available to answer questions at the end of the call. Before we begin, please take a moment to review our cautionary statement shown here and refer to our SEC filings, which can be found on our website.
With that, I'll turn the call over to Natascha.
Natascha Viljoen
CEO, President & Director
Thank you, Neil, and hello, everyone. To begin today's call, I'd like to start by acknowledging the executive leadership appointments we announced last month, reflecting the depth and talent we have within Newmont and reinforcing our commitment to
Ovintiv vykázal za čtvrtletí zisk 1,74 USD na akcii, což je pod odhadem analytiků 1,91 USD. Tržby 3,01 miliardy USD naopak překonaly konsensus o 28,21 %.
Ovintiv (OVV - Free Report) came out with quarterly earnings of $1.74 per share, missing the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this energy company would post earnings of $1.85 per share when it actually produced earnings of $2, delivering a surprise of +8.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ovintiv, which belongs to the Zacks Oil and Gas - Exploration and Production - Canadian industry, posted revenues of $3.01 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 28.21%. This compares to year-ago revenues of $2.32 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ovintiv shares have added about 54.4% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Ovintiv?While Ovintiv has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ovintiv was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.36 on $2.09 billion in revenues for the coming quarter and $7.08 on $9.13 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - Canadian is currently in the bottom 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Canadian Natural Resources (CNQ - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This oil and natural gas company is expected to post quarterly earnings of $1.43 per share in its upcoming report, which represents a year-over-year change of +180.4%. The consensus EPS estimate for the quarter has been revised 32% lower over the last 30 days to the current level.
Canadian Natural Resources' revenues are expected to be $9.25 billion, up 47.2% from the year-ago quarter.
Rocket Lab získala od NASA dvě nové zakázky na mise PolSIR a TSIS-2, které mají odstartovat příští rok. Současně může z dalších kontraktů získat až 300 milionů USD.
Rocket Lab (RKLB +0.43%) is on a roll -- not that you could tell from the stock price.
Shares of the tiny, U.S.- and New Zealand-based Space Exploration Technologies lookalike are down 32% so far this month. Last month, however, Rocket Lab got some great news from the folks down at NASA: two new contracts to launch sun- and Earth-science missions for the space agency.
Plus, future contracts could help generate up to $300 million for Rocket Lab.
Image source: Rocket Lab.
Two wins for Rocket Lab The missions in question, announced June 25, are called PolSIR (Polarized Submillimeter Ice-cloud Radiometer) and TSIS-2, and both are due to launch next year (meaning revenue generated from the missions will fall within a single year).
Rocket Lab will launch PolSIR on two separate Electron small rockets, each carrying an identical CubeSat. Its mission: to study ice clouds at high altitudes in the tropics and subtropics. The data they generate will help NASA make more accurate predictions of global weather patterns.
TSIS-2 (Total and Spectral Solar Irradiance Sensor-2) has a different mission. Here, a single Electron rocket will carry a single satellite to "the top of Earth's atmosphere," where it will study both the sun's brightness and how solar energy is distributed across ultraviolet, visible, and infrared wavelengths. NASA hopes this data will help it measure the health of Earth's ozone layer and predict ground-level air quality.
What the missions mean for Rocket Lab in dollars and cents Specific price tags weren't provided for either mission, so they're probably small -- but here's the upper limit: NASA noted that both missions run under the aegis of its Venture-Class Acquisition of Dedicated and Rideshare (VADR) launch services contract, which permits NASA to buy launch services valued up to $300 million total over a 10-year ordering period.
If I were to venture a guess, I suspect Rocket Lab's actual take from these two missions will approximate its usual Electron rocket launch cost. We've seen those recently priced as high as $9.5 million, so times three launches for the three satellites involved in the two missions equals $28.5 million, give or take.
It's not a large fortune -- but, when combined in a single year, it's enough to raise Rocket Lab's annual revenue by about 4%.
More importantly, winning the NASA VADR contracts demonstrates momentum at Rocket Lab, setting the stage for Rocket Lab to bring in even more business. Announcing PolSIR and TSIS-2, Rocket Lab was quick to point out that it also has "an astrophysics mission to study the formation and evolution of galaxies" in the works (Aspera) mission, as well as a demonstration of in-space refueling technologies (LOXSAT) later this year, that will use an Rocket Lab Photon spacecraft as its carrier -- yielding revenue both for the launch and for the satellite being launched.
Today's Change
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Rocket Lab's stock price may be down, but its prospects keep going up.
WSFS Financial vykázala za čtvrtletí končící v červnu 2026 výnosy 282,47 milionu USD a EPS 1,66 USD, obojí nad odhady. Čistá úroková marže byla 3,9 % a poměr nákladů k výnosům 58,8 %.
WSFS Financial (WSFS - Free Report) reported $282.47 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 5.6%. EPS of $1.66 for the same period compares to $1.27 a year ago.
The reported revenue represents a surprise of +0.9% over the Zacks Consensus Estimate of $279.96 million. With the consensus EPS estimate being $1.51, the EPS surprise was +9.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how WSFS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.9% versus the two-analyst average estimate of 3.8%.Efficiency Ratio: 58.8% versus the two-analyst average estimate of 58%.Net Interest Income: $192.5 million versus $188.13 million estimated by two analysts on average.Total Non-Interest Income: $89.97 million compared to the $91.83 million average estimate based on two analysts.Mortgage banking activities, net: $1.32 million versus $2.82 million estimated by two analysts on average.View all Key Company Metrics for WSFS here>>>
Shares of WSFS have returned +2.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Ameris Bancorp (ABCB - Free Report) came out with quarterly earnings of $1.6 per share, missing the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.61%. A quarter ago, it was expected that this bank would post earnings of $1.54 per share when it actually produced earnings of $1.63, delivering a surprise of +5.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $334.36 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.79%. This compares to year-ago revenues of $301.65 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ameris Bancorp shares have added about 21% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Ameris Bancorp?While Ameris Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameris Bancorp was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.70 on $329.5 million in revenues for the coming quarter and $6.68 on $1.29 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Finance sector, Navient (NAVI - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This student loan servicing company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -9.5%. The consensus EPS estimate for the quarter has been revised 18.2% lower over the last 30 days to the current level.
Navient's revenues are expected to be $129.07 million, down 1.5% from the year-ago quarter.
SLM oznámila za 2. čtvrtletí zisk na akcii 0,29 USD a uvedla, že první indikátory po reformě Federal PLUS jsou na horní hraně očekávání. Zároveň zvýšila objem nových úvěrů na 716 milionů USD, meziročně téměř o 4,5 %.
SLM NASDAQ: SLM, known as Sallie Mae, reported second-quarter 2026 GAAP diluted earnings of $0.29 per share and said early indicators from the first peak season following Federal PLUS reform are tracking at the high end of expectations or better.
Chief Executive Officer Jonathan Witter said the company has spent the past year preparing for changes in the higher education financing market after Federal PLUS reform “created the potential for a $4.5 billion-$5 billion increase in annual originations for Sallie Mae over the next several years.” He said Sallie Mae has completed planned product and capability updates ahead of peak season, including enhancements to its medical, dental, law and MBA products and the launch of a new parent loan.
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“While peak season is just beginning and it is too early for definitive conclusions, the application and volume trends for these new products ... are at the higher end of our expectations or better,” Witter said. He added that the trends, if sustained, support the company’s 2026 origination estimates and its longer-term view of the opportunity from PLUS program changes.
Originations Rise as Credit Quality Holds Steady Sallie Mae reported second-quarter loan originations of $716 million, up nearly 4.5% from the prior-year quarter. Witter said origination credit quality improved modestly year over year, with average FICO scores rising to 755 from 754, while cosigner rates remained strong at 84%.
The company also emphasized its position with school partners. Witter said Sallie Mae remains a preferred lender for more than 2,100 schools and has focused on supporting those relationships as the financing landscape changes.
Net Interest Income Falls, but Fee Revenue Grows Co-President and Chief Financial Officer Peter Graham said Sallie Mae generated $333 million of net interest income and $45 million of other income in the quarter. Net interest income declined by $44 million from the year-ago period, while other income increased by $16 million, driven by recurring program management fees from the company’s strategic partnership and growth in servicing fee revenue.
Net interest margin was 4.75% for the quarter. Graham said the moderation was expected and primarily reflected higher liquidity levels following a loan sale completed in late March. He said the company expects margin expansion to resume in the second half as excess liquidity is deployed into peak-season originations.
“As a result, we believe the second quarter will likely represent the low point for margin this year,” Graham said. In response to an analyst question, he said the company expects to normalize closer to its long-term target range of around 5%, though not necessarily far above that level in 2026.
Debt Resolution Activity Weighs on Recoveries Credit remained a major focus of the call. Witter said Sallie Mae has identified activity affecting a small borrower segment that the company believes has both the willingness and capacity to repay but is moving directly through delinquency to default. He said many of those borrowers appear to be engaging with debt resolution providers whose services are marketed as consolidation or refinancing solutions.
Witter said Sallie Mae does not believe many of those practices are in customers’ best interests and has taken steps to increase control over post-default recoveries. The company previously estimated a potential roughly $25 million impact to 2026 recoveries from the change in recovery practices, but Witter described the issue as “largely a timing dynamic.”
Net charge-offs were $113 million in the quarter, up from $94 million in the prior-year quarter. Witter said about $16 million of the year-over-year increase was attributable to the misaligned third-party debt resolution practices and related changes in recovery strategy. He said the company does not view the increase as a broad-based weakening in credit.
Private education loans delinquent 30 days or more were 3.7% of loans in repayment, up from 3.5% a year earlier but down from 4% at the end of the first quarter. The provision for credit losses was $126 million, down from $149 million in the year-ago quarter, and the reserve rate was 5.89%, down six basis points from the prior-year period.
Witter also pointed to continued performance from loan modification programs. He said borrowers in active modification cohorts have payment success rates above 80% over six- and 12-month periods, while more than 75% of borrowers exiting the programs are consistently making payments after three and six months.
Expenses Rise as Company Invests for Growth Non-interest expenses were $195 million, up $28 million from the prior-year quarter. Graham said most of the increase reflected one-time investments in product enhancements and strategic initiatives tied to expected growth from federal lending reforms. The efficiency ratio was 48.6%, up seven percentage points year over year.
Graham said revenue growth from servicing and recurring program management fees offset a significant portion of those investments. In the Q&A session, he said the company still expects the rate of expense growth in 2027 to be roughly half the rate from 2025 to 2026, while noting that management would like to do better.
Guidance Updated, Buybacks Continue Sallie Mae narrowed its 2026 net charge-off guidance range, maintaining the high end at $385 million and raising the low end to $365 million. The company affirmed all other guidance metrics. Graham said the expected $25 million potential impact from recovery changes has been partially offset by slightly better-than-expected performance in the broader portfolio.
The company also continued to return capital to shareholders. Graham said Sallie Mae completed a $200 million accelerated share repurchase program during the second quarter, repurchasing 9.3 million shares. Year to date, the company has repurchased about 13 million shares, or 6.5% of shares outstanding at the end of 2025, at an average price of $21.95 per share.
Since 2020, Graham said Sallie Mae has reduced shares outstanding by approximately 59% at an average price of $17.19 per share. The company ended the quarter with $242 million remaining under its repurchase authorization, which it expects to substantially deploy during the remainder of 2026.
Sallie Mae ended the quarter with liquidity equal to 18.6% of total assets. Total risk-based capital was 13.1%, and Common Equity Tier 1 capital was 11.8%.
During the Q&A session, Graham said discussions with a potential second loan sale partner are progressing and could close in the third quarter or early fourth quarter. He said the existing partnership with KKR is performing according to plan and that both KKR and the potential second partner have expressed interest in building capabilities for graduate loan products.
About SLM (NASDAQ:SLM)SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.
Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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For the quarter ended June 2026, Phillips Edison & Company, Inc. (PECO - Free Report) reported revenue of $189.62 million, up 6.7% over the same period last year. EPS came in at $0.69, compared to $0.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $190.47 million, representing a surprise of -0.45%. The company delivered an EPS surprise of +1.47%, with the consensus EPS estimate being $0.68.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Phillips Edison & Company performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rental income: $184.45 million versus the three-analyst average estimate of $183.54 million. The reported number represents a year-over-year change of +6.3%.Revenues- Other property income: $1.11 million versus the three-analyst average estimate of $1.08 million. The reported number represents a year-over-year change of +14.9%.Revenues- Fees and management income: $4.05 million versus $3.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +22.3% change.Net income (loss) per share- diluted: $0.33 versus $0.19 estimated by two analysts on average.View all Key Company Metrics for Phillips Edison & Company here>>>
Shares of Phillips Edison & Company have returned +2.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Comfort Systems (FIX - Free Report) came out with quarterly earnings of $12.53 per share, beating the Zacks Consensus Estimate of $10.38 per share. This compares to earnings of $6.53 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +20.71%. A quarter ago, it was expected that this heating, ventilation and air conditioning company would post earnings of $7.19 per share when it actually produced earnings of $10.51, delivering a surprise of +46.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Comfort Systems, which belongs to the Zacks Building Products - Air Conditioner and Heating industry, posted revenues of $3.27 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 10.96%. This compares to year-ago revenues of $2.17 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Comfort Systems shares have added about 91.9% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Comfort Systems?While Comfort Systems has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Comfort Systems was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $10.79 on $2.98 billion in revenues for the coming quarter and $43.09 on $11.89 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Air Conditioner and Heating is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Carrier Global (CARR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This company is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of -9.8%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.
Carrier Global's revenues are expected to be $6.02 billion, down 1.5% from the year-ago quarter.
The Hartford Insurance Group vykázala výnosy 5,23 miliardy USD a EPS 3,42 USD, obojí nad odhady. Klíčové pojistné ukazatele v pojištění majetku a odpovědnosti také převážně překonaly očekávání.
The Hartford Insurance Group (HIG - Free Report) reported $5.23 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.8%. EPS of $3.42 for the same period compares to $3.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.19 billion, representing a surprise of +0.75%. The company delivered an EPS surprise of +9.62%, with the consensus EPS estimate being $3.12.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Hartford Insurance Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Business Insurance- Underlying combined ratio: 89.3% compared to the 88.6% average estimate based on six analysts.Personal Insurance - Loss and loss adjustment expense ratio: 63.8% compared to the 70.5% average estimate based on six analysts.Personal Insurance - Underlying combined ratio: 86.3% versus 87.8% estimated by six analysts on average.Personal Insurance - Combined ratio: 90.1% compared to the 96.5% average estimate based on six analysts.Revenue- Earned Premium- Personal Insurance: $905 million versus the six-analyst average estimate of $914.38 million. The reported number represents a year-over-year change of -2.8%.Revenue- Property & Casualty- Net investment income: $645 million versus the six-analyst average estimate of $585.92 million. The reported number represents a year-over-year change of +22.6%.Employee Benefits- Total revenues: $1.91 billion versus $1.83 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.Employee Benefits- Net investment income: $137 million compared to the $134.52 million average estimate based on six analysts. The reported number represents a change of +16.1% year over year.Employee Benefits- Premiums and other considerations: $1.77 billion compared to the $1.69 billion average estimate based on six analysts.Business Insurance- Fee income: $12 million compared to the $11.22 million average estimate based on six analysts. The reported number represents a change of +9.1% year over year.Business Insurance- Earned premiums: $3.66 billion compared to the $3.67 billion average estimate based on six analysts. The reported number represents a change of +7% year over year.Revenue- Fee income- Personal Insurance: $7 million versus $8.17 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -12.5% change.View all Key Company Metrics for The Hartford Insurance Group here>>>
Shares of The Hartford Insurance Group have returned +6.4% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Associated Banc-Corp ve 2. čtvrtletí zvýšila tržby na 454,58 mil. USD a EPS na 0,73 USD, obojí nad odhady Wall Street. Čisté odpisy úvěrů dosáhly 0,3 % a neakruální úvěry 149,95 mil. USD.
For the quarter ended June 2026, Associated Banc-Corp (ASB - Free Report) reported revenue of $454.58 million, up 23.9% over the same period last year. EPS came in at $0.73, compared to $0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $443.65 million, representing a surprise of +2.46%. The company delivered an EPS surprise of +1.39%, with the consensus EPS estimate being $0.72.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Associated Banc-Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net charge offs / average loans: 0.3% compared to the 0.1% average estimate based on two analysts.Nonaccrual loans: $149.95 million versus the two-analyst average estimate of $126.83 million.Net Interest Margin: 3.2% compared to the 3.1% average estimate based on two analysts.Average Balance - Total earning assets and related interest income: $47.29 billion versus the two-analyst average estimate of $46.57 billion.Total Noninterest Income: $80.4 million versus the two-analyst average estimate of $79.8 million.Other income: $2.71 million versus $4.64 million estimated by two analysts on average.Capital markets, net: $7.48 million versus $7.08 million estimated by two analysts on average.Service charges and deposit accounts fees: $15.86 million compared to the $15.44 million average estimate based on two analysts.Wealth management fees: $26.22 million versus $25.73 million estimated by two analysts on average.Other fee-based revenue: $5.76 million compared to the $5.19 million average estimate based on two analysts.Mortgage banking, net: $2.78 million versus $6.13 million estimated by two analysts on average.Card-based fees: $14.16 million versus the two-analyst average estimate of $12.22 million.View all Key Company Metrics for Associated Banc-Corp here>>>
Shares of Associated Banc-Corp have returned +0.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Hilltop Holdings (HTH - Free Report) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this insurance holding compnay would post earnings of $0.5 per share when it actually produced earnings of $0.64, delivering a surprise of +28%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Hilltop Holdings, which belongs to the Zacks Banks - Southeast industry, posted revenues of $315.81 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.01%. This compares to year-ago revenues of $303.31 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hilltop Holdings shares have added about 12.4% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Hilltop Holdings?While Hilltop Holdings has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hilltop Holdings was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.66 on $324.71 million in revenues for the coming quarter and $2.33 on $1.25 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Finance sector, Hippo Holdings Inc. (HIPO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -69.2%. The consensus EPS estimate for the quarter has been revised 23.8% lower over the last 30 days to the current level.
Hippo Holdings Inc.'s revenues are expected to be $145.2 million, up 23.8% from the year-ago quarter.
Selective Insurance (SIGI - Free Report) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.37%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.73 per share when it actually produced earnings of $1.69, delivering a surprise of -2.31%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Selective Insurance, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $1.38 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.96%. This compares to year-ago revenues of $1.32 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Selective Insurance shares have added about 14.8% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Selective Insurance?While Selective Insurance has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Selective Insurance was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.83 on $1.38 billion in revenues for the coming quarter and $7.84 on $5.5 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Hagerty, Inc. (HGTY - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of -161.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Hagerty, Inc.'s revenues are expected to be $321.01 million, down 12.9% from the year-ago quarter.
Packaging Corporation of America ve 2. čtvrtletí zvýšila tržby na 2,5 miliardy USD a EBITDA na 486 milionů USD, ale upravený zisk na akcii klesl na 2,35 USD. Firma zároveň očekává za 3. čtvrtletí upravený zisk 2,91 USD na akcii.
3 Dividend Leaders Set for Strong Growth in 2025Packaging Corporation of America NYSE: PKG reported lower adjusted earnings for the second quarter of 2026 compared with the prior year, even as sales and EBITDA increased, with management citing strong corrugated demand, higher freight costs and contributions from the recently acquired Greif containerboard business.
Chairman and Chief Executive Officer Mark Kowlzan said the company reported second-quarter net income of $192 million, or $2.15 per share. Excluding special items, net income was $210 million, or $2.35 per share, compared with $224 million, or $2.48 per share, in the second quarter of 2025. Net sales rose to $2.5 billion from $2.2 billion a year earlier, while total company EBITDA excluding special items increased to $486 million from $451 million.
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Packaging Corporation of America: Buy The DipKowlzan said special items totaled $0.20 per share and were primarily related to facility closure costs and write-offs, Wallula Mill restructuring charges, and expenses tied to the acquisition and integration of the Greif containerboard business.
Excluding special items, earnings declined by $0.13 per share from the year-ago quarter. Kowlzan said legacy business earnings were down $0.27 per share, partly offset by $0.14 per share of earnings from the acquired Greif business. The legacy decline was driven by several cost pressures, including higher freight, corporate and other expenses, lower price and mix in packaging, higher labor and operating costs, and higher fiber costs. Those headwinds were partly offset by higher production and sales volumes in packaging and paper, lower maintenance outage expense, and improved paper pricing and mix.
Packaging Corporation of America: A Total Package to Buy and Hold“We exceeded our guidance of $2.33 on the strength of our corrugated volumes, which helped drive cost favorability in areas that we could control and offset higher than forecast costs for freight, recycled fiber, and employee benefits,” Kowlzan said. He added that Greif’s earnings contribution also exceeded expectations.
Packaging Demand Remains Strong In the packaging segment, EBITDA excluding special items was $489 million on sales of $2.3 billion, resulting in a margin of 21.1%. That compared with EBITDA of $453 million on sales of $2 billion, or a 22.6% margin, in the second quarter of 2025.
The company produced 1.415 million tons of containerboard during the quarter. Legacy mills produced 1.209 million tons, roughly even with the first quarter and 14,000 tons above the prior-year period. Acquired mills produced 206,000 tons, which Kowlzan said significantly exceeded their production in any quarter since the acquisition.
President Thomas Hassfurther said corrugated operations “turned in yet another very strong quarter.” Shipments were up more than 24% in total and per day versus last year, with the legacy business up 4.1% and achieving an all-time record for total quarterly shipments. Hassfurther said demand was very strong across the company’s customer base, with particular strength in e-commerce related to Amazon Prime Day and related customers.
Hassfurther said domestic containerboard and corrugated products prices and mix were $0.11 per share below the second quarter of 2025 but $0.04 per share above the first quarter of 2026. He said the company began realizing the first announced price increase in June, expects most of that increase to roll in during July, and expects the second increase to begin in August with realization split between the third and fourth quarters.
The company reduced export containerboard sales during the quarter to build inventory for its corrugated plants. Export volume was 30,000 tons below the first quarter and 22,000 tons below the second quarter of 2025. Hassfurther said the company was able to meaningfully increase inventories in early July and described the current market environment in one word during the question-and-answer session: “tight.”
Greif Integration Exceeds Expectations Management said the acquired Greif business contributed $0.14 per share to earnings in the quarter, above expectations. Chief Financial Officer Kent Pflederer said $0.04 of that contribution came from a depreciation benefit tied to measurement-period adjustments to the valuation of fixed assets on the opening balance sheet. Excluding that benefit, Pflederer said the outperformance was driven largely by higher volumes and strong operational performance.
Hassfurther said PCA now views the acquired business as fully integrated and is operating it as one unit with the legacy business. Pflederer said the transition services agreement with Greif will run through the end of the year as the company brings remaining corrugated plants and one mill-related system onto PCA systems. He said three more plants are expected to transition in the third quarter and the final facilities in the fourth quarter.
Pflederer said PCA is on track, and possibly ahead, on Greif-related synergies. He cited mill production improvements and better reliability, as well as integration benefits that are beginning to show in the numbers. He said the company is “probably” on track to exceed a $30 million run rate by year-end.
Paper Segment Posts Higher Margins The paper segment reported EBITDA excluding special items of $39 million on sales of $157 million, for a 24.9% margin. That compared with EBITDA of $30 million on sales of $146 million, or a 20.8% margin, in the second quarter of 2025.
Kowlzan said paper sales volume was about 3% below the first quarter but about 6% above the second quarter of 2025. Prices and mix were up 2% from both the first quarter of 2026 and the prior-year quarter. He said the company continues to implement previously announced paper price increases and expects to benefit in the third quarter.
Costs, Outages and Capital Spending in Focus Pflederer said cash provided by operations was $376 million, and free cash flow was $170 million after $206 million of capital expenditures. Other cash uses included dividend payments of $111 million, cash tax payments of $78 million and net interest payments of $54 million. PCA did not repurchase shares during the quarter.
The company continues to forecast 2026 capital expenditures of $840 million to $870 million and depreciation, depletion and amortization of about $710 million, excluding special items. Pflederer said outage expense was $0.34 per share in the second quarter and is now estimated at $0.30 in the third quarter and $0.63 in the fourth quarter, for a full-year total of $1.41 per share.
Kowlzan said operational performance in the quarter was mixed because of production interruptions from utility power outages across the mill system. In response to a question, Pflederer said the outages likely affected production by about 10,000 tons. Kowlzan said the disruptions reinforced the need for gas turbine projects at three key facilities, which he said should reduce or eliminate reliance on the grid at those mills.
Kowlzan said a gas turbine project at the Jackson Mill is in construction and is targeted to come online next year in coordination with Jackson’s annual outage. Projects at Riverville, Virginia, and DeRidder, Louisiana, are moving through environmental permitting, with Kowlzan indicating those units could come online in the first to middle part of 2028.
Third-Quarter Guidance Calls for Higher Earnings Looking ahead, Kowlzan said PCA expects continued strong packaging demand, increased corrugated products volume due to one additional shipping day, and higher containerboard and corrugated prices as price increases are implemented. He also said the company expects one more day of mill operation, lower production impact from packaging maintenance outages and better operating performance across its containerboard mill system.
In paper, PCA expects lower volume and higher prices due to maintenance at International Falls and continued price increase implementation. Freight costs are expected to remain around the elevated levels seen in May and June, while recycled fiber prices are continuing to rise. The company also expects higher chemical and purchased electricity prices, with wood fiber and natural gas relatively flat.
PCA guided for third-quarter earnings of $2.91 per share, excluding special items.
About Packaging Corporation of America (NYSE:PKG)Packaging Corporation of America NYSE: PKG is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.
Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Packaging Corporation of America Right Now?Before you consider Packaging Corporation of America, you'll want to hear this.
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Tenet Healthcare ve 2. čtvrtletí vykázala zisk na akcii 6,12 USD a tržby 5,63 miliardy USD, obojí nad odhady. Zisk na akcii tak meziročně vzrostl z 4,02 USD.
Tenet Healthcare (THC - Free Report) came out with quarterly earnings of $6.12 per share, beating the Zacks Consensus Estimate of $4.08 per share. This compares to earnings of $4.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this hospital operator would post earnings of $4.21 per share when it actually produced earnings of $4.82, delivering a surprise of +14.49%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Tenet, which belongs to the Zacks Medical - Hospital industry, posted revenues of $5.63 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.40%. This compares to year-ago revenues of $5.27 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tenet shares have lost about 1.7% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Tenet?While Tenet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tenet was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.22 on $5.47 billion in revenues for the coming quarter and $17.50 on $22.01 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Hospital is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Acadia Healthcare (ACHC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This provider of inpatient behavioral health care services is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -60.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Acadia Healthcare's revenues are expected to be $844.75 million, down 2.8% from the year-ago quarter.
Oceaneering International ve 2. čtvrtletí zvýšila tržby o 10 % na 768 mil. USD a upravený zisk před úroky, zdaněním, odpisy a amortizací na 115 mil. USD, nejvýše od 3. čtvrtletí 2015.
Firma zároveň zvedla celoroční výhled upraveného zisku před úroky, zdaněním, odpisy a amortizací na 400 až 440 mil. USD.
3 Swing Trades for Q3 Earnings SeasonOceaneering International NYSE: OII reported second-quarter 2026 results that topped the high end of its adjusted EBITDA guidance range, with management citing strong execution across its portfolio and notable gains in offshore project activity.
President and Chief Executive Officer Rod Larson said the company’s adjusted EBITDA of $115 million was its highest quarterly level since the third quarter of 2015. He said the Offshore Projects Group, or OPG, was the largest contributor to the company’s EBITDA outperformance, driven by a favorable mix of international intervention and installation work, including light well intervention services in the Caspian Sea and an installation project offshore Egypt.
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Senior Vice President and Chief Financial Officer Mike Summerall said consolidated revenue rose 10% year over year to $768 million, with growth in every segment except Integrity Management & Digital Solutions, or IMDS. Operating income increased 11% to $88.2 million, while net income attributable to Oceaneering rose 19% to $65 million, or $0.65 per share. Adjusted EBITDA increased 11% to $115 million.
Offshore Projects and Subsea Robotics Lead Results OPG revenue increased 22% from the prior-year quarter to $183 million, while operating income rose 39% to $30 million. Summerall said the segment generated a 16% operating income margin, supported by disciplined execution on international intervention and installation projects that are expected to continue into the third quarter. Vessel utilization declined year over year, but management expects it to improve in the third quarter as the company supports customers under several frame agreements.
Subsea Robotics, or SSR, also improved year over year, with revenue increasing 6% to $232 million and operating income rising 3% to $66.3 million. Average ROV revenue per day utilized increased to $11,894 from $11,265, reflecting improved contract pricing. ROV utilization was 66%, slightly below 67% in the prior-year quarter, as activity in Europe and West Africa largely offset lower activity in the U.S. Gulf.
Summerall said SSR’s EBITDA margin remained flat at 35%, as higher ROV pricing was offset by geographic and service mix, including a larger contribution from survey work, which carries lower margins than the company’s core ROV business. Larson said the Ocean Intervention II entered service after significant upgrades in 2025 and is now performing survey projects expected to keep the vessel utilized through most of the remainder of 2026. He also said the company expects to conduct a simultaneous operations, or SIMOPS, project from the vessel later this year.
Manufactured Products Improves Margins; ADTech Wins Defense Work Manufactured Products revenue increased 3% to $149 million, while operating income rose 17% to $21.9 million. The segment’s operating income margin improved to 15%, up 178 basis points year over year. Summerall attributed the improvement to conversion of higher-margin backlog, increased volume in the Rotator valves business and improved results in the Mobility Solutions product line.
The segment’s backlog declined to $445 million as of June 30, reflecting execution of previously awarded work. Summerall said the trailing 12-month book-to-bill ratio was 0.88, compared with 0.65 a year earlier. He said the company won multiple awards early in the third quarter and expects additional awards in the third and fourth quarters, supporting management’s expectation that backlog will improve in the second half and meet full-year book-to-bill guidance of 0.9 to 1.0.
In Aerospace and Defense Technologies, or ADTech, revenue increased 22% to $133 million, while operating income was up slightly to $16.4 million. Operating income margin declined to 12%, reflecting program mix and timing in the Oceaneering Technologies, or OTech, business line.
Larson highlighted new contract awards across defense and subsea applications, including subsea robotics, subsea systems, submarine rescue and submarine maintenance, construction and installation services. He pointed to a joint contract from the Defense Innovation Unit to support development of an Extra-Large Unmanned Underwater Vehicle as an example of the company’s strategy to deploy dual-use technologies for both energy and government customers. He also noted that the Space Systems team was recognized by Lockheed Martin as a best-in-class supplier for work on the Artemis program.
Cash Flow, Buybacks and Debt Refinancing Oceaneering generated $55.2 million of cash from operating activities in the quarter. Summerall said the year-over-year decrease reflected the timing of project milestones, customer receipts and vendor payments. The company invested $23.2 million in organic capital expenditures, with 34% allocated to growth and 66% to maintenance, and generated free cash flow of $32 million.
The company resumed share repurchases during the quarter, buying back $10 million of common stock. It ended the period with $629 million in cash, total liquidity of $844 million and no borrowings under its revolving credit facility.
Summerall said Oceaneering placed $500 million of senior notes due in 2034 and used the proceeds, together with cash on hand, to retire $500 million of senior notes due in 2028. The company also amended its secured revolving credit facility, increasing commitments to $345 million from $215 million and extending the maturity to July 2031. He said those transactions would be completed in July.
Asked about capital allocation, Larson said the company’s priorities remain organic investment first, inorganic growth second and returning capital to shareholders, primarily through buybacks. He said Oceaneering intends to invest around its core energy business, particularly SSR, and also sees opportunities to expand in defense, including through partnerships and potential acquisitions.
Guidance Raised at Low End, IMDS Outlook Reduced For the third quarter, Oceaneering expects revenue to increase and adjusted EBITDA to range from $115 million to $125 million. Larson said SSR revenue and operating income are expected to rise as ROV utilization improves and survey activity continues. OPG revenue and operating income are also expected to increase on higher vessel utilization in the U.S. Gulf and West Africa, as well as continuing international projects.
For the full year, management raised the low end of adjusted EBITDA guidance and now expects consolidated adjusted EBITDA of $400 million to $440 million in 2026. Larson said first-half performance increased confidence in the company’s outlook.
However, Oceaneering lowered its outlook for IMDS, citing ongoing uncertainty in the Middle East and reduced activity in West Africa. Management now expects IMDS operating income to decrease significantly compared with full-year 2025, with operating income margin in the low single-digit percentage range. Summerall said second-quarter IMDS revenue, operating income and margin declined due to lower activity, related cost absorption and increased personnel costs in West Africa and the Middle East.
Management Sees Offshore Activity Building During the question-and-answer portion of the call, Larson said offshore activity appears to be rising, though he does not expect a sharply defined inflection point. He cited longer contracts for rigs and ROVs, greater rig utilization and higher levels of contracted rigs as indicators of improving demand.
Larson said SSR should benefit from increased rig utilization and strong tree orders and installations, while OPG should benefit from longer-term confidence in offshore projects. Summerall added that longer-term rig contracts are a positive macro indicator.
Discussing regional opportunities, Larson identified Brazil as a key growth market, pointing to Petrobras activity and the company’s recently announced ROV contract in the country. He also cited Africa, including activity around Namibia and Senegal, as well as Australia and the Far East. Summerall also pointed to Norway and activity tied to Equinor as relevant to European energy security.
On defense spending, Larson said the company is seeing more inbound interest than it did three or four years ago, particularly from partners seeking Oceaneering’s offshore operating experience. Summerall said the company participates in both submarine repair and construction and autonomy-related defense work, including lower-cost uncrewed technologies.
About Oceaneering International (NYSE:OII)Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.
Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.
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Deckers Outdoor poprvé v historii přesáhl tržby 1 miliardu USD, když v 1. čtvrtletí fiskálního roku 2027 rostly o 5,7 % a EPS činil 0,94 USD. Firma zároveň zvýšila výhled na zisk na akcii na 7,35 až 7,50 USD.
Premium Retail’s Stress Test Is Separating Winners From LosersDeckers Outdoor NYSE: DECK reported first-quarter fiscal 2027 revenue above $1 billion for the first time in company history, as growth in its HOKA and UGG brands and continued strength in direct-to-consumer sales helped offset planned wholesale timing shifts.
President and Chief Executive Officer Stefano Caroti said total company revenue rose 5.7% from a year earlier, while diluted earnings per share came in at $0.94. Both metrics were above the company’s expectations for the quarter. Total direct-to-consumer revenue increased 13%, led by a 17% gain at HOKA and a 6% increase at UGG.
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Apparel Earnings Winners and Losers: Ralph Lauren Takes Off“Both HOKA and UGG maintained solid momentum and continued to capture high level of full price consumer demand,” Caroti said. He added that underlying consumer demand remained strong both internationally and in the United States, despite what the company described as a pressured consumer backdrop.
HOKA Growth Led by DTC and Product Innovation HOKA generated first-quarter revenue of $704 million, up 8% from a year earlier. Caroti said the brand’s performance was driven by global direct-to-consumer growth, including continued gains across Europe, China, Japan and the United States.
Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?Deckers said demand was broad-based across HOKA product families, with strength in established franchises such as Clifton and Bondi as well as newer and updated models. Caroti highlighted Speedgoat 7, Mach 7, Mafate Speed 2 and Skyward products as contributors to demand. He said trail and lifestyle styles together accounted for more than half of global HOKA direct-to-consumer growth in the quarter.
The company also pointed to the early launch of Clifton Pro as an important product milestone. Caroti said the shoe had been in the market for about two weeks and had already prompted some wholesale reorders. He said the Clifton Pro is part of a broader effort to create clearer technology and product architecture within HOKA, including “Glide” products designed for cushioning and “Fly” products focused on responsiveness and speed.
HOKA wholesale revenue increased 3% globally. Management said the wholesale result was in line with expectations and reflected international shipment timing differences compared with unusually early shipments in the prior year. In the U.S., HOKA delivered higher sell-in and stronger full-price sell-through, while EMEA posted what Caroti called “another quarterly record for reorders.”
UGG Advances Year-Round Strategy UGG revenue rose 5% year over year to $278 million, with direct-to-consumer revenue up 6% and wholesale up 5%. Caroti said the brand grew in both the U.S. and international markets, with international growth led by Asia.
Management said UGG’s results reflected progress in its “365” strategy and men’s growth initiatives. The company continued to allocate availability of key classic styles while increasing marketing and product investment in fashion-casual footwear, sneakers and sandals.
Caroti cited demand for the Lowmel franchise, the new Minimel introduction and the Golden Collection, including GoldenGaze silhouettes. He said the men’s business accounted for the largest portion of incremental UGG revenue in the quarter, supported by all-gender products such as Tasman and Lowmel as well as newer men’s products including the Ottosee clog.
In response to an analyst question, Caroti said UGG’s men’s business remains about 15% of revenue, with a goal of reaching 20% or more. He also said the brand is less dependent on cold weather than in the past because of a more diversified offering across sneakers, sandals, mules and other year-round products.
Margins Improve Despite Tariff Headwinds Chief Financial Officer Steve Fasching said total revenue for the quarter was $1.02 billion. Gross margin improved to 56.4%, up 60 basis points from 55.8% a year earlier.
Fasching said the margin improvement was driven by favorable channel mix as direct-to-consumer grew faster than wholesale, favorable product mix and full-price selling, foreign currency benefits and better management of product closeouts. These benefits were partially offset by tariffs.
In the question-and-answer session, Fasching said better management of closeouts contributed about 60 basis points to first-quarter gross margin, while full-price selling together with channel and brand mix contributed about 110 basis points. Foreign exchange added about 40 basis points, while tariffs reduced gross margin by about 150 basis points year over year.
SG&A expense rose 13% to $420 million, reflecting hiring, marketing investments, higher rent related primarily to global HOKA stores, technology spending and foreign currency remeasurement. Deckers ended the quarter with $1.6 billion in cash and equivalents, inventory down 5% year over year to $808 million and no outstanding borrowings.
The company repurchased approximately $338 million of shares during the quarter at an average price of $103.79. As of June 30, 2026, Deckers had about $4.7 billion remaining under its share repurchase authorization.
Guidance Raised on Earnings and Margin Deckers maintained its fiscal 2027 revenue outlook of $5.86 billion to $5.91 billion, representing high-single-digit growth from the prior year. The company still expects HOKA revenue to rise at a low-double-digit rate and UGG revenue to increase at a mid-single-digit rate.
However, Deckers raised its gross margin expectation to slightly better than 56.5%, citing first-quarter outperformance. The company also increased its assumed go-forward tariff rate to 12.5% from 10%. Fasching said Deckers continues to pursue tariff refunds related to an IEEPA ruling but has not included any refund assumptions in its guidance.
Operating margin is now expected to be slightly better than 21.5%, and diluted EPS is projected at $7.35 to $7.50, up $0.05 from the prior outlook. SG&A is still expected to be about 35% of revenue as the company continues investing in growth initiatives.
For the second quarter, Deckers expects consolidated revenue to rise about 5% year over year. Fasching said HOKA is expected to contribute high-single-digit growth, UGG is expected to maintain mid-single-digit growth, and other brands are expected to decline about 50%, primarily due to portfolio streamlining. Second-quarter diluted EPS is expected to range from $1.73 to $1.78.
Management reiterated that growth is expected to accelerate in the second half of the fiscal year, driven primarily by HOKA’s international wholesale and distributor business. Fasching said the timing shift reflects logistics changes rather than a change in demand assumptions.
Management Emphasizes Full-Price Marketplace Throughout the call, Deckers executives emphasized the importance of maintaining a premium, full-price marketplace. Caroti said inventories remain tight and that the company is focused on preserving a “pull model” of demand.
“Our full price sell-through continues to be strong,” Caroti said. “Inventories are tight. Inventories are down 5% for the quarter.”
Fasching said high gross margins support brand credibility and benefit retail partners. He added that Deckers has not assumed a significant change in promotional cadence for the rest of the year.
Caroti said the company remains confident in its fiscal 2027 outlook, citing product innovation, disciplined marketplace execution and continued engagement with HOKA and UGG across channels and geographies.
About Deckers Outdoor (NYSE:DECK)Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.
Founded in 1973 by Doug Otto and Karl F.
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