Earnings live: Applied Materials stock falls on Q4 guidance, Quantum Computing sinks
Yahoo2 days ago
Second quarter earnings season is winding down, and with most of the reports in, the results have been mostly positive.
Over 90% of S&P 500 index companies have reported results, and as of Friday analysts expected S&P 500 companies to report an 11.8% jump in earnings per share during the second quarter.
Companies had a lower expectation bar to clear coming into the quarter — analysts expected S&P 500 earnings to rise 5% in Q2, the slowest pace of earnings growth since Q4 2023 — amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy.
Earnings this week include Applied Materials (AMAT), Circle (CRCL), Lenovo (0992.HK), AMC (AMC), Cava (CAVA), Cisco (CSCO), CoreWeave (CRWV), Deere (DE), On (ONON), and Oklo (OKLO).
Here are the latest updates from corporate America.
McGraw Hill posts profitable quarter in first post-IPO earnings report
McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public.
It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO.
Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago.
Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business.
The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady.
For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion.
Listen to the earnings call here.
Quantum Computing stock slips as losses accelerate
Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones.
Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share.
Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point."
But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses.
"We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage."
Read more about quantum computing here.
Applied Materials stock sinks as policy uncertainty weighs on Q4 guidance
Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting.
'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.'
The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12.
Applied Materials stock fell 11% in after-hours trading.
Read more here.
Earnings and revenue beats lift Dillard's stock
Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter.
Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock.
Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share.
Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture.
Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits.
Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low.
Advance Auto Parts stock sinks 14% on gloomy financial outlook
Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast.
The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering.
In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%.
During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion.
"If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year."
China's JD.com tops quarterly revenue estimates on steady e-commerce demand
Chinese e-commerce giant JD.com (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year.
Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan.
Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA).
Reuters reports:
Read more here.
Tapestry forecasts annual profit below estimates on tariff pain
Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins.
Reuters reports:
Read more here.
Lenovo stock drops despite profit beat
Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division.
From Bloomberg Intelligence:
Read more here.
Deere's third-quarter profit falls, stock drops
(Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand.
...
Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier.
Overall, quarterly sales fell about 9% to $12.02 billion from a year ago.
Read more here.
Birkenstock beats profit estimates on strong full-price footwear sales
Reuters reports:
Read more here.
Nvidia partner Foxconn profit jumps after AI spending rises
Foxconn, also known as Hon Hai Precision Industry Co., (2317.TW, HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit.
Reuters reports:
Read more here.
Cisco forecasts higher-than-expected quarterly revenue on increased demand
Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion.
Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours.
Reuters reports:
Read more here
Brinker International stock pops as Chili's drives earnings beat
Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's.
The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue.
The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion.
Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%.
"With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!"
Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50.
Dutch Bros CEO says company in 'growth mode' as Starbucks turnaround stokes beverage competition
Yahoo Finance's Brooke DiPalma reports:
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Tencent's revenue beats estimates in boost for AI ambitions
Bloomberg News reports:
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Cava stock plummets after company misses some of Wall Street's marks, cuts guidance
Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report.
The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16.
Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street.
In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter.
For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%.
CoreWeave Q2 revenue beats estimates, but results come up against high bar
Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading.
Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI (OPAI.PVT) fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand.
Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence:
Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago.
Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated.
Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago.
Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion.
Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion.
"Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.'
CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page.
Read more here.
Pony.ai offers robotaxi production update as revenue surges
Chinese robotaxi operator Pony.ai (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production.
The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here).
The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter.
"Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," Pony.ai CEO James Peng said in a statement.
The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago.
Trading platform eToro beats profit estimates
(Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs.
Shares of eToro rose in premarket trading after results.
Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks.
Read more here.
On stock jumps on sales beat, CEO weighs in on tariffs
Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance.
Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15.
In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously.
"On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter."
Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam.
"Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia."
Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation.
He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact."
McGraw Hill posts profitable quarter in first post-IPO earnings report
McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public.
It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO.
Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago.
Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business.
The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady.
For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion.
Listen to the earnings call here.
McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public.
It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO.
Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago.
Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business.
The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady.
For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion.
Listen to the earnings call here.
Quantum Computing stock slips as losses accelerate
Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones.
Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share.
Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point."
But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses.
"We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage."
Read more about quantum computing here.
Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones.
Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share.
Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point."
But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses.
"We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage."
Read more about quantum computing here.
Applied Materials stock sinks as policy uncertainty weighs on Q4 guidance
Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting.
'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.'
The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12.
Applied Materials stock fell 11% in after-hours trading.
Read more here.
Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting.
'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.'
The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12.
Applied Materials stock fell 11% in after-hours trading.
Read more here.
Earnings and revenue beats lift Dillard's stock
Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter.
Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock.
Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share.
Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture.
Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits.
Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low.
Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter.
Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock.
Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share.
Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture.
Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits.
Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low.
Advance Auto Parts stock sinks 14% on gloomy financial outlook
Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast.
The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering.
In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%.
During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion.
"If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year."
Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast.
The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering.
In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%.
During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion.
"If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year."
China's JD.com tops quarterly revenue estimates on steady e-commerce demand
Chinese e-commerce giant JD.com (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year.
Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan.
Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA).
Reuters reports:
Read more here.
Chinese e-commerce giant JD.com (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year.
Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan.
Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA).
Reuters reports:
Read more here.
Tapestry forecasts annual profit below estimates on tariff pain
Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins.
Reuters reports:
Read more here.
Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins.
Reuters reports:
Read more here.
Lenovo stock drops despite profit beat
Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division.
From Bloomberg Intelligence:
Read more here.
Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division.
From Bloomberg Intelligence:
Read more here.
Deere's third-quarter profit falls, stock drops
(Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand.
...
Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier.
Overall, quarterly sales fell about 9% to $12.02 billion from a year ago.
Read more here.
(Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand.
...
Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier.
Overall, quarterly sales fell about 9% to $12.02 billion from a year ago.
Read more here.
Birkenstock beats profit estimates on strong full-price footwear sales
Reuters reports:
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Reuters reports:
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Nvidia partner Foxconn profit jumps after AI spending rises
Foxconn, also known as Hon Hai Precision Industry Co., (2317.TW, HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit.
Reuters reports:
Read more here.
Foxconn, also known as Hon Hai Precision Industry Co., (2317.TW, HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit.
Reuters reports:
Read more here.
Cisco forecasts higher-than-expected quarterly revenue on increased demand
Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion.
Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours.
Reuters reports:
Read more here
Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion.
Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours.
Reuters reports:
Read more here
Brinker International stock pops as Chili's drives earnings beat
Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's.
The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue.
The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion.
Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%.
"With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!"
Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50.
Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's.
The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue.
The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion.
Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%.
"With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!"
Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50.
Dutch Bros CEO says company in 'growth mode' as Starbucks turnaround stokes beverage competition
Yahoo Finance's Brooke DiPalma reports:
Read more here.
Yahoo Finance's Brooke DiPalma reports:
Read more here.
Tencent's revenue beats estimates in boost for AI ambitions
Bloomberg News reports:
Read more here.
Bloomberg News reports:
Read more here.
Cava stock plummets after company misses some of Wall Street's marks, cuts guidance
Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report.
The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16.
Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street.
In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter.
For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%.
Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report.
The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16.
Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street.
In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter.
For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%.
CoreWeave Q2 revenue beats estimates, but results come up against high bar
Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading.
Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI (OPAI.PVT) fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand.
Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence:
Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago.
Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated.
Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago.
Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion.
Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion.
"Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.'
CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page.
Read more here.
Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading.
Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI (OPAI.PVT) fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand.
Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence:
Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago.
Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated.
Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago.
Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion.
Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion.
"Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.'
CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page.
Read more here.
Pony.ai offers robotaxi production update as revenue surges
Chinese robotaxi operator Pony.ai (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production.
The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here).
The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter.
"Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," Pony.ai CEO James Peng said in a statement.
The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago.
Chinese robotaxi operator Pony.ai (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production.
The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here).
The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter.
"Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," Pony.ai CEO James Peng said in a statement.
The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago.
Trading platform eToro beats profit estimates
(Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs.
Shares of eToro rose in premarket trading after results.
Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks.
Read more here.
(Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs.
Shares of eToro rose in premarket trading after results.
Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks.
Read more here.
On stock jumps on sales beat, CEO weighs in on tariffs
Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance.
Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15.
In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously.
"On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter."
Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam.
"Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia."
Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation.
He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact."
Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance.
Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15.
In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously.
"On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter."
Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam.
"Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia."
Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation.
He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact."
Over 90% of S&P 500 index companies have reported results, and as of Friday analysts expected S&P 500 companies to report an 11.8% jump in earnings per share during the second quarter.
Companies had a lower expectation bar to clear coming into the quarter — analysts expected S&P 500 earnings to rise 5% in Q2, the slowest pace of earnings growth since Q4 2023 — amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy.
Earnings this week include Applied Materials (AMAT), Circle (CRCL), Lenovo (0992.HK), AMC (AMC), Cava (CAVA), Cisco (CSCO), CoreWeave (CRWV), Deere (DE), On (ONON), and Oklo (OKLO).
Here are the latest updates from corporate America.
McGraw Hill posts profitable quarter in first post-IPO earnings report
McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public.
It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO.
Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago.
Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business.
The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady.
For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion.
Listen to the earnings call here.
Quantum Computing stock slips as losses accelerate
Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones.
Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share.
Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point."
But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses.
"We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage."
Read more about quantum computing here.
Applied Materials stock sinks as policy uncertainty weighs on Q4 guidance
Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting.
'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.'
The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12.
Applied Materials stock fell 11% in after-hours trading.
Read more here.
Earnings and revenue beats lift Dillard's stock
Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter.
Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock.
Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share.
Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture.
Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits.
Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low.
Advance Auto Parts stock sinks 14% on gloomy financial outlook
Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast.
The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering.
In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%.
During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion.
"If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year."
China's JD.com tops quarterly revenue estimates on steady e-commerce demand
Chinese e-commerce giant JD.com (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year.
Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan.
Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA).
Reuters reports:
Read more here.
Tapestry forecasts annual profit below estimates on tariff pain
Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins.
Reuters reports:
Read more here.
Lenovo stock drops despite profit beat
Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division.
From Bloomberg Intelligence:
Read more here.
Deere's third-quarter profit falls, stock drops
(Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand.
...
Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier.
Overall, quarterly sales fell about 9% to $12.02 billion from a year ago.
Read more here.
Birkenstock beats profit estimates on strong full-price footwear sales
Reuters reports:
Read more here.
Nvidia partner Foxconn profit jumps after AI spending rises
Foxconn, also known as Hon Hai Precision Industry Co., (2317.TW, HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit.
Reuters reports:
Read more here.
Cisco forecasts higher-than-expected quarterly revenue on increased demand
Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion.
Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours.
Reuters reports:
Read more here
Brinker International stock pops as Chili's drives earnings beat
Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's.
The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue.
The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion.
Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%.
"With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!"
Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50.
Dutch Bros CEO says company in 'growth mode' as Starbucks turnaround stokes beverage competition
Yahoo Finance's Brooke DiPalma reports:
Read more here.
Tencent's revenue beats estimates in boost for AI ambitions
Bloomberg News reports:
Read more here.
Cava stock plummets after company misses some of Wall Street's marks, cuts guidance
Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report.
The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16.
Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street.
In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter.
For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%.
CoreWeave Q2 revenue beats estimates, but results come up against high bar
Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading.
Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI (OPAI.PVT) fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand.
Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence:
Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago.
Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated.
Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago.
Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion.
Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion.
"Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.'
CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page.
Read more here.
Pony.ai offers robotaxi production update as revenue surges
Chinese robotaxi operator Pony.ai (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production.
The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here).
The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter.
"Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," Pony.ai CEO James Peng said in a statement.
The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago.
Trading platform eToro beats profit estimates
(Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs.
Shares of eToro rose in premarket trading after results.
Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks.
Read more here.
On stock jumps on sales beat, CEO weighs in on tariffs
Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance.
Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15.
In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously.
"On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter."
Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam.
"Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia."
Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation.
He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact."
McGraw Hill posts profitable quarter in first post-IPO earnings report
McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public.
It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO.
Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago.
Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business.
The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady.
For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion.
Listen to the earnings call here.
McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public.
It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO.
Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago.
Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business.
The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady.
For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion.
Listen to the earnings call here.
Quantum Computing stock slips as losses accelerate
Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones.
Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share.
Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point."
But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses.
"We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage."
Read more about quantum computing here.
Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones.
Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share.
Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point."
But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses.
"We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage."
Read more about quantum computing here.
Applied Materials stock sinks as policy uncertainty weighs on Q4 guidance
Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting.
'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.'
The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12.
Applied Materials stock fell 11% in after-hours trading.
Read more here.
Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting.
'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.'
The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12.
Applied Materials stock fell 11% in after-hours trading.
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Earnings and revenue beats lift Dillard's stock
Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter.
Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock.
Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share.
Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture.
Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits.
Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low.
Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter.
Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock.
Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share.
Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture.
Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits.
Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low.
Advance Auto Parts stock sinks 14% on gloomy financial outlook
Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast.
The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering.
In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%.
During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion.
"If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year."
Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast.
The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering.
In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%.
During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion.
"If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year."
China's JD.com tops quarterly revenue estimates on steady e-commerce demand
Chinese e-commerce giant JD.com (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year.
Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan.
Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA).
Reuters reports:
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Chinese e-commerce giant JD.com (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year.
Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan.
Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA).
Reuters reports:
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Tapestry forecasts annual profit below estimates on tariff pain
Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins.
Reuters reports:
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Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins.
Reuters reports:
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Lenovo stock drops despite profit beat
Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division.
From Bloomberg Intelligence:
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Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division.
From Bloomberg Intelligence:
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Deere's third-quarter profit falls, stock drops
(Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand.
...
Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier.
Overall, quarterly sales fell about 9% to $12.02 billion from a year ago.
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(Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand.
...
Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier.
Overall, quarterly sales fell about 9% to $12.02 billion from a year ago.
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Birkenstock beats profit estimates on strong full-price footwear sales
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Reuters reports:
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Nvidia partner Foxconn profit jumps after AI spending rises
Foxconn, also known as Hon Hai Precision Industry Co., (2317.TW, HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit.
Reuters reports:
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Foxconn, also known as Hon Hai Precision Industry Co., (2317.TW, HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit.
Reuters reports:
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Cisco forecasts higher-than-expected quarterly revenue on increased demand
Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion.
Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours.
Reuters reports:
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Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion.
Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours.
Reuters reports:
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Brinker International stock pops as Chili's drives earnings beat
Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's.
The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue.
The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion.
Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%.
"With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!"
Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50.
Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's.
The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue.
The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion.
Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%.
"With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!"
Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50.
Dutch Bros CEO says company in 'growth mode' as Starbucks turnaround stokes beverage competition
Yahoo Finance's Brooke DiPalma reports:
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Yahoo Finance's Brooke DiPalma reports:
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Tencent's revenue beats estimates in boost for AI ambitions
Bloomberg News reports:
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Bloomberg News reports:
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Cava stock plummets after company misses some of Wall Street's marks, cuts guidance
Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report.
The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16.
Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street.
In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter.
For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%.
Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report.
The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16.
Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street.
In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter.
For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%.
CoreWeave Q2 revenue beats estimates, but results come up against high bar
Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading.
Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI (OPAI.PVT) fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand.
Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence:
Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago.
Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated.
Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago.
Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion.
Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion.
"Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.'
CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page.
Read more here.
Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading.
Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI (OPAI.PVT) fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand.
Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence:
Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago.
Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated.
Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago.
Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion.
Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion.
"Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.'
CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page.
Read more here.
Pony.ai offers robotaxi production update as revenue surges
Chinese robotaxi operator Pony.ai (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production.
The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here).
The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter.
"Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," Pony.ai CEO James Peng said in a statement.
The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago.
Chinese robotaxi operator Pony.ai (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production.
The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here).
The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter.
"Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," Pony.ai CEO James Peng said in a statement.
The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago.
Trading platform eToro beats profit estimates
(Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs.
Shares of eToro rose in premarket trading after results.
Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks.
Read more here.
(Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs.
Shares of eToro rose in premarket trading after results.
Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks.
Read more here.
On stock jumps on sales beat, CEO weighs in on tariffs
Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance.
Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15.
In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously.
"On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter."
Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam.
"Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia."
Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation.
He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact."
Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance.
Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15.
In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously.
"On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter."
Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam.
"Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia."
Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation.
He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact."
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Why EVgo Stock Blasted 10% Higher This Week
Key Points The electric vehicle charging station company was tapped for an honor from a well-known publication. It also received high marks from an analyst tracking its fortunes. 10 stocks we like better than EVgo › Electric vehicle (EV) charging station specialist EVgo (NASDAQ: EVGO) was all go for investors over the past few days. According to data compiled by S&P Global Market Intelligence, the infrastructure builder's shares motored 10% higher during the week. That rise was powered by a magazine naming the company a top operator in its field and it being the subject of a bullish new analyst note. The news was good over the week Although Newsweek isn't quite the influential, must-read publication it was in years past, it still carries some weight in the media world (and for investors). On Thursday, the publication announced that EVgo is on the list of its "America's Greatest Companies 2025." Newsweek rates the 650-strong list's inductees on a scale of one to five stars. EVgo received nearly the maximum, with 4.5 stars. The magazine quoted its editor-in-chief, Jennifer Cunningham, as saying the included enterprises are "operating at the highest caliber when it comes to business performance." This only enhanced the bullish analyst note published the day before by Stifel analyst Stephen Gengaro. In the update, Gengaro reiterated his buy recommendation and accompanying $8 per share price target on EVgo stock. Electric quarterly results It isn't too hard to be optimistic about EVgo's future these days, following its release last week of second-quarter results. Although the company didn't book a headline net profit, its bottom-line performance slightly exceeded expectations, while it beat convincingly on revenue. And although sales growth of EVs has slowed lately, they are still a go-to solution for car owners wishing to drive greener vehicles. Should you invest $1,000 in EVgo right now? Before you buy stock in EVgo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and EVgo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why EVgo Stock Blasted 10% Higher This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
