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SoFi Stock Rebounds 8% as Tax Rate Hikes Offset Strong Q2 Beat
SoFi shares rebounded 8% on Thursday after a Q2 earnings beat, but increased tax guidance left full-year EPS unchanged at $0.60, offsetting the upside.
AXT Soars 27% on Record InP Sales and Margin Surge
AXT (NASDAQ:AXTI) shares surged 27% in premarket trading after the company reported record indium phosphide sales, driving gross margin to 44.9% and Q3 guidance well above consensus.
Reddit Stock Slides 10% as Overseas User Growth Outpaces Revenue
Reddit shares dropped 10% in premarket trading despite beating Q2 estimates, as investor focus shifted to the weak monetization of its rapidly growing international user base.
Nokia Shares Jump 3.8% on AI Order Surge; S&P Lifts Outlook to Positive
Nokia shares climbed 3.8% after €2.8B in AI orders and an S&P outlook upgrade, but cash conversion remains a key concern.
Ulta Beauty's Pacsun Deal Targets Gen Z as Target Partnership Winds Down
Ulta Beauty launches a Pacsun collaboration to court younger shoppers as its Target shop-in-shops close. Analysts assess the impact on sales and profit.
Apple Stock Tumbles 7% as Tariff Refund Masks Underlying Earnings Miss
Apple shares dropped 7.3% premarket after Q3 results, with the EPS beat largely due to a one-time tariff refund. Supply constraints and weak guidance overshadowed record revenue.
Amazon Stock Surges 12% as AWS Profit Engine Eases AI Spending Fears
Amazon shares rose 12% premarket after AWS profit growth eased concerns about heavy AI spending, with cloud operating income up 63.6%.
HSBC's $36B Australian Exit Boosts Pepper Money's Servicing Scale
HSBC's A$36 billion Australian loan sale to Blackstone makes Pepper Money a major servicer, with a portfolio 1.59 times its March AUM.
Carpenter Technology Shares Slide 5% After CEO's Sudden Death
Carpenter Technology (CRS) shares fell 5.1% to $503.71 after CEO Brian Malloy's sudden death, despite record quarterly profit. Aerospace concentration and leadership transition weigh on outlook.
Kioxia Announces ¥800B Buyback as AI Demand Drives Profit Surge
Kioxia Holdings unveiled a ¥800 billion buyback after Q1 profits soared on AI demand, but its Q2 guidance fell short of consensus. Shares jumped 17.7%.