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SAP Shares Jump 6% as Cloud Backlog Surges, Offsetting Profit Guidance Cut
SAP shares surged 6.25% on Friday after the company reported a stronger-than-expected cloud backlog, which overshadowed a reduced profit outlook.
Samsung Shares Tumble 7.6% Ahead of Earnings Call Amid Profit Concentration Concerns
Samsung shares dropped 7.6% on Friday to 249,500 won ahead of its July 30 earnings call. The company's Q2 preliminary operating margin is 52.3%, but profit concentration in memory chips and potential phone segment losses raise concerns.
Rolls-Royce Buyback Under Scrutiny Ahead of Cash Flow Report
Rolls-Royce's share buyback and dividend plans account for 95% of projected free cash flow, drawing investor focus to the upcoming half-year report on July 30.
ASML Steady as Q4 Revenue Target Approaches €14.4 Billion
ASML shares held steady at €1,579 as fourth-quarter revenue is projected at €14.41 billion to meet yearly midpoint guidance, with Intel's capex increase underpinning equipment demand.
Deckers Outdoor Shares Slide on Operating Profit Decline Despite Buyback Support
Deckers Outdoor shares dropped 4.3% after a 6% decline in quarterly operating income, despite a 5.7% revenue rise and share buybacks that lifted EPS.
LiveWire Shares Skyrocket 92% Premarket on Strong Q2 Sales
LiveWire shares jumped 92% premarket on strong Q2 sales, but the company maintained its full-year loss guidance of $70-$80 million, indicating ongoing challenges.
Wearable Devices Shares Surge on Massive Trading Volume
Wearable Devices Ltd. saw its stock price surge 50.7% on Thursday, with trading volume reaching 11.5 times the total share count. Premarket activity remains elevated.
Lloyds shares inch up as buyback costs rise ahead of strategy update
Lloyds shares rose 0.9% to 113.42p, but higher buyback costs underscore the need for a strong strategy update on July 30.