The tobacco giant's shares surged after reporting record second-quarter revenue and profit that significantly topped analyst estimates, overshadowing a reduction in its full-year earnings guidance.
Shares of the oat milk maker jumped after it reported second-quarter revenue that topped estimates, achieved positive adjusted EBITDA, and significantly increased its annual sales forecast.
Shares of the Swiss food giant rallied after Jefferies raised its rating to 'Buy,' citing a fading impact from past strategic errors and an improving outlook for key categories like pet food and coffee.
Shares of China Pharma Holdings collapsed after the company announced a registered direct offering to raise $5 million, priced at a significant discount to its previous market value.
Private equity firm Platinum Equity is reportedly close to acquiring a 50% stake in Nestlé's European water business, which includes brands like San Pellegrino and Perrier, in a joint venture valuing the unit at nearly €5 billion.
Samsung Electronics has launched three new Galaxy Z foldable smartphones, including a new passport-sized model, while increasing the price of its flagship models to offset rising component costs and brace for new competition.
U.S. stock indices opened mixed, with the Nasdaq leading losses due to weakness in chip stocks as investors awaited key earnings reports from major technology firms to gauge the strength of the market's AI-driven rally.
Shares of the communications technology firm fell by nearly 20% after it pre-announced second-quarter results that missed its prior guidance, citing a customer project delay and rising costs.
Shares of AI hardware firm Cerebras Systems climbed after it announced a strategic partnership with cybersecurity leader CrowdStrike. The collaboration will see CrowdStrike leverage Cerebras's AI inference technology to enhance its threat detection capabilities.
