The independent refiner reported second-quarter earnings and revenue that far surpassed Wall Street estimates, driven by elevated crack spreads and the full restart of its Martinez refinery.
Freight carrier XPO reported second-quarter earnings and revenue that significantly surpassed analyst expectations, driven by record operating results and margin expansion in its core less-than-truckload division.
Intel shares traded higher despite a report that rival TSMC is developing a competing advanced packaging technology. Investors are focusing on massive AI capital expenditure commitments from major tech firms, which signal robust near-term demand for the entire semiconductor sector.
The energy giant is set to reduce its global workforce by approximately 700 positions, primarily in non-frontline roles, as it refocuses on its core oil and gas operations to enhance profitability.
Oppenheimer and Goldman Sachs both lowered their ratings on Fiverr International after the company slashed its full-year guidance, citing accelerating pressure from generative AI on its core freelance services.
Shares of SanDisk Corp. staged a significant rebound, driven by favorable commentary on memory demand from tech giants, a positive analyst note on NAND pricing, and strong results from a sector peer. The rally comes after a substantial selloff had pushed the stock into oversold territory.
Shares of networking solutions company Belden Inc. rose sharply after it reported second-quarter results that surpassed analyst estimates and issued an optimistic third-quarter sales forecast, bolstered by a recent acquisition.
Ferrari NV raised its full-year financial guidance despite missing second-quarter earnings and revenue estimates, as CEO Benedetto Vigna stated that orders for the company's first electric vehicle are meeting expectations.
The New York-based hedge fund is escalating pressure on the payments company, citing a steep stock decline and management turnover as reasons for a comprehensive strategic overhaul and new board members.
