Articles by James Calloway
IREN's AI Pivot Faces Key Test as Q3 Earnings, Microsoft Deal Loom
IREN Limited reports fiscal Q3 earnings on May 7, with investors focused on AI data center expansion, a $9.7 billion Microsoft deal, and $6 billion share dilution risk.
Skillz Surges on $420M Papaya Verdict, Then Tumbles as Reality Sets In
Skillz shares soared 238% on a $420M jury verdict against Papaya Gaming, then dropped 25% pre-market as the market digested the company's $70.4M net loss.
FirstEnergy Ohio Rate Plan Could Add $5 to Monthly Bills
FirstEnergy's Ohio utilities are set to file a three-year rate plan by May 22 that could raise typical residential bills by $4.26 to $5.30 per month annually.
Newmont Tops Q1 Estimates, Authorizes $6B Buyback, Warns on Q2 Costs
Newmont reported Q1 adjusted earnings of $2.90 per share, beating estimates, and authorized a new $6 billion buyback. The miner warned of higher costs and lower output in the second quarter.
SAP Q1 Beats Estimates on Cloud Strength, Maintains Annual Guidance
SAP beat Q1 estimates with cloud revenue up 27% in constant currencies. Operating profit rose 17% to €2.74B. The company reaffirmed its 2026 targets and full-year guidance.
MaxLinear Soars 23% on AI Optical Demand, Q2 Revenue Guidance Tops Estimates
MaxLinear reported Q1 revenue of $137.2M, up 43% YoY, and issued Q2 guidance of $160M-$170M, far above analysts' $137.1M estimate, fueled by AI data-center demand for optical chips.
Comfort Systems USA Profit Surges on Data Center Boom, Shares Rally
Comfort Systems USA Q1 profit more than doubled to $370.4M, revenue surged 56.5% to $2.87B on data center demand. Backlog hit $12.45B, shares rose 3%.
AmEx Q1 Earnings Beat, But Flat Guidance and Travel Spending Concerns Weigh on Stock
American Express beat Q1 earnings estimates with EPS of $4.28, but shares dropped as the company kept its full-year outlook unchanged and noted pressure on travel spending.
Skillz Stock Skyrockets After $420M False Advertising Win Over Papaya Gaming
Skillz stock soared 187% after a jury ordered Papaya Gaming to pay $420 million for false advertising, with the possibility of an additional $652 million in disgorgement.
United Rentals Soars on Raised Guidance, Record Q1 Revenue
United Rentals shares jumped 22.9% after the company raised its 2026 outlook and posted record Q1 revenue of $3.985 billion.
Figma to Report Q1 Earnings on May 14 Amid AI Rivalry and Board Shifts
Figma reports Q1 earnings May 14 as AI competition heats up, with board changes and CEO Dylan Field controlling 72.3% voting power.
ServiceNow Shares Slide Despite Strong Q1 and Raised Forecast
ServiceNow (NOW) shares tumbled 18.7% after reporting better-than-expected Q1 results and a higher 2026 outlook, as Middle East contract delays and AI concerns weighed on sentiment.