Articles by James Calloway
Deere Shares Slide 7% Despite Earnings Beat as Farm Demand Stays Weak
Deere & Co shares dropped 7.1% after beating quarterly forecasts but maintaining its full-year profit outlook, with large agriculture sales falling 14%.
Nvidia Earnings Beat Fails to Ignite Stock, AI Spending Under Scrutiny
Nvidia's earnings beat and $91B Q2 forecast failed to lift shares, which were flat premarket. The market's muted reaction highlights growing scrutiny of AI spending sustainability.
Nio Returns to Loss but Margin Strength and Q2 Outlook Lift Shares
Nio posted a Q1 net loss after Q4 profit, but vehicle margin improved to 18.8% and Q2 revenue/delivery guidance exceeded analyst expectations, lifting shares in pre-market trading.
Walmart tops Q1 forecasts but cautious Q2 outlook weighs on shares
Walmart beat Q1 estimates with $177.8B in revenue, but a softer Q2 outlook and fuel cost pressures sent shares down 2% in premarket.
Snowflake Shares Dip as BofA Raises Target Ahead of Q1 Earnings
Snowflake shares fell 1.5% to $166.97 after BofA raised its target to $205, while RBC cut its target, citing AI competition. Q1 results due May 27.
Intuit Stock Plunges After TurboTax Revenue Cut and Major Layoffs
Intuit shares tumbled 13.4% in late trading after the company cut its TurboTax revenue forecast and announced 3,000 layoffs, overshadowing a profit beat.
HMRC Data Glitch May Reduce UK Workers' Paychecks
HMRC's use of faulty savings-interest data has led to incorrect tax code changes, potentially reducing take-home pay for UK savers. Zopa reports hundreds of customers affected.
Morgan Stanley Enforces China-Only Devices for Hong Kong Staff Amid Data Concerns
Morgan Stanley mandates Hong Kong-based bankers to use separate, restricted devices for mainland China trips, affecting over 300 staff. The move reflects growing data security concerns.
EnerSys Surges After Hours on Earnings Beat and Strong Guidance
EnerSys shares rose 5.8% in after-hours trading after reporting Q4 adjusted EPS of $3.19 on $988M revenue, both above estimates, and Q1 guidance above consensus.
AEVEX Soars on Q1 Profit, Revenue Surge and Air Force Deal
AEVEX shares jumped 10% after hours after reporting a Q1 profit of $21M, revenue of $216.7M, and new Air Force contracts worth $15.6M, prompting a raised full-year outlook.
Urban Outfitters Hits Record Q1, Nuuly Growth Offsets Tariff Pressure
Urban Outfitters posted record Q1 net income of $115.7M and sales of $1.48B, beating estimates. Shares rose 4% before dipping after hours, as tariff costs and inventory buildup tempered optimism.