logo
GrafTech: Q2 Earnings Snapshot

GrafTech: Q2 Earnings Snapshot

BROOKLYN HEIGHTS, Ohio (AP) — BROOKLYN HEIGHTS, Ohio (AP) — GrafTech International Ltd. (EAF) on Friday reported a loss of $86.9 million in its second quarter.
On a per-share basis, the Brooklyn Heights, Ohio-based company said it had a loss of 34 cents. Losses, adjusted for non-recurring costs, came to 16 cents per share.
The maker of graphite products posted revenue of $131.8 million in the period.
_____
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Exclusive: Embedded tax startup April raises $38M
Exclusive: Embedded tax startup April raises $38M

Axios

time27 minutes ago

  • Axios

Exclusive: Embedded tax startup April raises $38M

April, an embedded tax platform, has raised $38 million in a Series B round led by QED Investors, founder Ben Borodach tells Axios exclusively. Why it matters: Embedding tax tools directly into financial apps can improve financial decision-making and boost customer retention. Zoom in: Nyca Partners and Team8 also participated in the Series B round, bringing the total funding April has raised to date to $78 million. How it works: Fintech apps and financial institutions use April's APIs to integrate tax filing and planning directly into their platforms, enabling year-round, real-time tax management. April operates on a SaaS-based model, offering flat-rate pricing to fintech partners, who can choose to mark up services for their end customers. "Our vision is to embed tax in every financial decision," Borodach says. "Taxes should be happening where you're managing your money. They should be happening in real time, and they should be personalized to you." Context: New York-based April operates in a market dominated by legacy tax-preparation giants like Intuit, H&R Block, Thomson Reuters, and Wolters Kluwer. But it recently became the first new company in 15 years to achieve national e-file coverage in all 50 states, Borodach says. The company has also launched a series of new products over the past year, including pro-assisted and pro-led tax filing, quarterly estimate tools for small business owners, and paycheck withholding optimizers. As a result, it is seeing increased demand from wealth management platforms, including integrations with digital advisers catering to mass-affluent clients and an upcoming partnership with a trillion-dollar asset manager. By the numbers: April claims it can reduce the time it takes to prepare and file taxes from the IRS' reported 13‑hour average down to just 22 minutes. The company processed hundreds of thousands of returns through partnerships with over 50 fintech apps and financial institutions this past tax season. It has seen its business grow three times year-to-date and more than seven times over the past 12 months, Borodach says. What's next: The company is preparing to launch advanced tax planning tools around capital gains, retirement planning, and stock transactions.

Here's What Trump's New Tax Law Means for Your Deductions and Donations
Here's What Trump's New Tax Law Means for Your Deductions and Donations

Yahoo

timean hour ago

  • Yahoo

Here's What Trump's New Tax Law Means for Your Deductions and Donations

The massive piece of legislation known as the 'One Big Beautiful Bill' comes with many changes to tax policy. While you may be aware Trump's 2017 tax cuts are extended, you may not know about the impact on deductions and donations. Read More: Learn More: Here are some things to know before you adjust your plans, according to some financial experts. Impact on Charitable Giving As noted by CNBC, the new deductions are designed to encourage everyday people to give more. The bill's deduction for those who don't itemize 'has the potential to re-motivate charitable giving among a significant number of households,' per the Akron Community Foundation. However, one of the important takeaways from the new law is that it has an exemption rule for the wealthy and limits for high earners. According to CNBC, the law could disincentivize charitable giving for high earners, as it limited deductions for those in the top tax bracket. 'Business and real estate deductions are dependent on the type of expenses,' said Schuyler M. Moore, partner at Greenberg Glusker. 'For donations, they are no longer deductible for the first amount up to 0.5% of the taxpayer's income.' 'Plus, those in the 37% bracket are now limited to a 35% deduction value cap, reducing the overall benefit of giving. Bottom line — the tax advantages are still there, but you'll need a more intentional, high-leverage strategy to access them,' said Christopher Stroup, founder and president of Silicon Beach Financial. Check Out: Impacts on Deductions According to Stroup, itemizing may no longer make sense in many cases. 'It makes the increased standard deduction permanent and introduces new below-the-line deductions, making itemizing less common,' Stroup said. The standard deduction under the new law is $15,750 for single filers and $31,500 for those filing jointly, per the Tax Foundation. 'The more generous standard deduction improves tax simplicity by reducing the number of taxpayers who benefit from itemizing over taking the standard deduction,' it said. Opportunity for Planning According to Stroup, this law rewards proactive planning. 'For high-income earners and charitably inclined households, tools like donor-advised funds, qualified charitable distributions and even revisiting gift and estate strategies — with the new $15 million exclusion — are essential,' Stroup said. 'With itemized deduction limits, adjusted gross income floors and phaseouts reshaping the landscape, a one-size-fits-all approach no longer works as coordination between your tax and financial plan is now critical.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 These Cars May Seem Expensive, but They Rarely Need Repairs The 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on Here's What Trump's New Tax Law Means for Your Deductions and Donations 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

Intel Corporation (INTC) Releases Q2 Financial Results; Beats Revenue Expectations
Intel Corporation (INTC) Releases Q2 Financial Results; Beats Revenue Expectations

Yahoo

timean hour ago

  • Yahoo

Intel Corporation (INTC) Releases Q2 Financial Results; Beats Revenue Expectations

Intel Corporation (NASDAQ:INTC) is one of the . Pixabay/Public Domain On July 24, 2025, Intel Corporation (NASDAQ:INTC) reported its financial performance for Q2, surprising Wall Street with a revenue of $12.86 billion that beat estimates of $11.92 billion. However, the company reported a net loss of $2.9 billion. Lip-Bu Tan, Intel's new CEO, spoke about the company's ongoing sweeping changes, including major layoffs and a sharp cutback in chip factory expansion, aimed at enhancing competitiveness and managing capital allocation more efficiently. According to the CEO, Intel Corporation (NASDAQ:INTC) has already laid off 15% of its workforce, with plans to end the year with approximately 75,000 employees. Furthermore, planned chip factory projects in Germany and Poland have been halted, while the construction of the cutting-edge factory in Ohio will be slowed down, depending on the market demand and if big customers for the facility can be secured. Meanwhile, the company's foundry business remains a challenge as it posted a $3.17 billion loss. Intel Corporation (NASDAQ:INTC) reported a slight dip in its PC chip sales and a 4% increase in its data center revenue. The CEO expects a revenue of $13.1 billion for Q3, with the goal of breaking even as it regains market share. Intel Corporation (NASDAQ:INTC) designs and manufactures computing products for tech companies worldwide. It is one of the best ESG stocks. While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 11 Best Mineral Stocks to Buy According to Hedge Funds. Disclosure: None.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store