Shares of aerospace and defense company Howmet (NYSE:HWM)
fell 10.2% in the afternoon session after the company reported record-breaking second-quarter financial results that were overshadowed by a decline in its Forged Wheels business segment. The company posted record second-quarter revenue of $2.05 billion and a 36% jump in adjusted earnings per share, and also lifted its full-year financial outlook. However, investors appeared to focus on a weak spot in the report. Howmet's Forged Wheels segment, which serves commercial transportation, experienced a 1% revenue dip. The company connected this to a broader 4% decline in the commercial transportation market. This specific weakness, combined with the stock's nearly 76% rally year-to-date, likely prompted investors to take profits despite the strong headline numbers.
Shares of real estate technology company Compass (NYSE:COMP) jumped 10.2% in the afternoon session after the company reported record-breaking financial results for its second quarter, outperforming a declining real estate market. The real estate technology company announced its GAAP Net Income grew by 90.3% year-over-year to a record $39.4 million. Compass also expanded its market share to a new high of 6.09%, attracting a record 832 principal agents during the quarter. The company's total transactions surged by 20.9%, a stark contrast to the wider market, which experienced a 0.9% contraction. This performance was underpinned by a 21.1% rise in revenue to $2.06 billion. Following the strong report, a UBS analyst raised the price target on the stock, reflecting renewed confidence.
Shares of online used car dealer Carvana (NYSE: CVNA)
jumped 17.7% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations for both revenue and earnings.
Shares of agricultural and farm machinery company AGCO (NYSE:AGCO) jumped 11.3% in the afternoon session after the company reported second-quarter results that topped Wall Street forecasts and raised its full-year financial outlook. The company posted adjusted earnings of $1.35 per share, surpassing analyst estimates. Revenue landed at $2.6 billion, also beating expectations, even though it represented a decrease from the prior year. Management noted they achieved these results despite a challenging global environment for agriculture. Looking forward, the company lifted its full-year guidance, projecting earnings per share between $4.75 and $5.00. This positive news pushed the stock to a new 52-week high during the trading session.
Shares of beer powerhouse Anheuser-Busch InBev (NYSE:BUD)
fell 12% in the afternoon session after the company reported second-quarter results that fell short of market expectations, driven by weak demand in key international markets. The world's largest brewer announced that its total sales volume decreased by 1.9%, with beer volume specifically dropping 2.2%, a larger decline than analysts anticipated. The company’s revenue landed at $15.0 billion, which missed consensus estimates. The performance stemmed largely from significant sales drops in key international markets. In China, revenue fell 6% as volumes decreased by over 7%, while in Brazil, volumes plunged by more than 6.5%. The disappointing report intensified investor concerns about shifting consumer preferences away from traditional beer products.
Shares of aerospace and defense company Huntington Ingalls (NYSE:HII)
jumped 9.9% in the afternoon session after the company reported second-quarter earnings and revenue that sailed past Wall Street forecasts, driven by strong contract awards and a record backlog. The shipbuilder's revenue climbed 3.5% to $3.08 billion, while its earnings per share landed at $3.86. Although the company's net income of $152 million declined from the previous year, it still comfortably surpassed analysts' projections. The strong performance stemmed from easing production snags at its shipyards and booming demand for submarines. Huntington Ingalls also secured $11.9 billion in new contracts during the quarter, which brought its total funded backlog to a record high of $56.9 billion. Furthermore, free cash flow surged to $730 million, a significant improvement from a negative figure a year ago.
Shares of fast-food chain Shake Shack (NYSE:SHAK)
fell 12.9% in the afternoon session after the company reported second-quarter results that beat analyst estimates but provided a weaker-than-expected outlook.
Shares of online marketplace eBay (NASDAQ:EBAY)
jumped 19.8% in the afternoon session after the company reported second-quarter results that significantly beat Wall Street's expectations and provided a strong outlook for the upcoming quarter.
Shares of biopharmaceutical company Bristol Myers Squibb (NYSE:BMY)
fell 4.2% in the afternoon session after the company lowered its full-year earnings forecast, overshadowing second-quarter results that beat revenue expectations. The drugmaker trimmed its adjusted earnings per share guidance for 2025, attributing the cut to a $0.57 per share charge from a partnership with BioNTech. This charge also hit second-quarter net income, which fell compared to the prior year. Beyond the one-time charge, the company's results revealed underlying weakness, as sales from its older drugs declined 14% due to generic competition. Specifically, revenue from the cancer drug Revlimid plunged 38% year-over-year. Even though Bristol-Myers raised its annual sales forecast, the reduced profit outlook appeared to sour investor sentiment.
CBOT corn ended modestly higher as charts near oversold Tuesday P.M. However meaningfully bullish input is absent, and concern over trade barriers is renewed.
Microsoft crossed the $4 trillion valuation threshold following a blowout earnings report that beat Wall Street expectations. The milestone makes it the second publicly traded firm after Nvidia to reach that level.
Shares of data-streaming company Confluent are plunging over 30% in morning trading on Thursday. The dramatic sell-off was triggered by the company's Q3 guidance.
Robinhood (HOOD) reported strong Q2 results with revenue of $989M, up 45% YoY. Multiple analysts raised price forecasts, citing continued product innovation and growth potential in crypto.
Shares of Chinese electric vehicle manufacturer NIO are trading higher Thursday. The upward momentum appears to be driven by continued investor optimism ahead of a key product launch.
Amid growing concerns over AI-generated misinformation and hallucinated outputs, Matthijs de Vries, founder of data infrastructure firm Nuklai, argues that better model architecture alone is insufficient. Speaking with Benzinga, de Vries said the deeper issue lies in fragmented and unreliable access to real-time, verifiable data.
On 29 July, Cintas USA increased its dividend by 15.4%, from 39¢ to 45¢ per share. The dividend is payable on 15 September to shareholders of record on 15 August.
