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Jersey Mike's IPO Stumbles: Shares Drop Below Offer Price
Jersey Mike's (JMKE) fell 5.96% on its NYSE debut, erasing $435M in market value—more than its IPO proceeds. The stock closed at $21.63.
SpaceX Lands $1.6B Space Force Deal, Yet Stock Slips
SpaceX won a $1.6B Space Force contract for 18 Falcon 9 launches, but the stock slipped 0.3% as investors weigh Starlink and AI prospects ahead of Q2 earnings.
Amazon Cloud Surge Drives Nasdaq Futures; Apple Slips
Nasdaq futures climb as Amazon's cloud strength offsets Apple's decline. Labor costs rise more than expected, influencing market outlook.
Ambev Cash Conversion Soars But Shares Stay Flat
Ambev's Q2 cash conversion jumped to 73.9% from 49.6%, but shares barely moved. Revenue growth was weak, raising concerns despite strong cash flow.
Exxon Shares Slide as Q2 Earnings Miss, Yet Cash Flow Spurs Debt Reduction
Exxon Mobil's Q2 earnings missed forecasts, but robust cash flow allowed significant debt reduction. Shares dipped 2% premarket.
Chevron's Refining Strength Drives Q2 Earnings Surprise
Chevron reported a 9% earnings beat, powered by its refining unit, as production rose 5.5% and free cash flow hit 4.7% of market value.
Roblox Stock Tumbles 21% as User Spending Slows
Roblox shares plunged 21% in premarket trading after the company reported a decline in spending per user and issued a weak Q3 bookings outlook.
UiPath Stock Surges 14% Despite Tepid ARR Growth Forecast
UiPath (NYSE:PATH) shares are up 14% despite Q2 guidance pointing to a 38% drop in net-new ARR. The company faces a challenging demand environment amid intense AI competition.