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Zions Bancorporation Q2 Earnings Beat Estimates, But Equity Gains Skew Profit Picture
Zions Bancorporation (ZION) posted Q2 EPS of $3.05, driven by $1.31 in equity gains from Visa and small-business investments. Core EPS rose 10% to $1.74, beating analyst estimates. Shares slipped 2.5% in after-hours trading.
Rocket Companies Extends Credit Facility as Mortgage Rates Pressure Housing Market
Rocket Companies (RKT) closed 3.8% lower on Monday after expanding its credit facility by $200 million and extending maturity by 378 days, as mortgage rates continue to weigh on the housing market.
AtaiBeckley Shares Trade Above Lilly Bid as Milestone Rights Valued at 18%
AtaiBeckley shares ended Monday at $7.19, above Eli Lilly's cash bid, as milestone rights are valued at $0.44, or 18% of the full $2.50 potential.
Tesla Faces $3.25B Cash Burn Despite Record Deliveries
Tesla is set to report Q2 earnings Wednesday, with consensus projecting a negative free cash flow of $3.25 billion, a sharp reversal from positive $1.44 billion in Q1.
Grab Shares Edge Up as Lending Growth Tests Liquidity
Grab shares recovered 1.5% to $3.62 on Monday, recouping a fraction of last week's 9.2% decline, as the company's growing loan book puts its $5 billion cash liquidity to the test.
Snap Shares Edge Up Despite French Social Media Ban Threat
Snap shares gained 0.7% Monday, but a French plan to ban social media for minors under 15 could disrupt European expansion, the region responsible for 60% of Q1 revenue growth.
Steel Dynamics Q2 earnings beat estimates as steel profit per ton jumps 26%
Steel Dynamics (STLD) reported Q2 earnings that topped estimates, with steel operating profit per ton surging 26% from the prior quarter. Shares fell over 2% in after-hours trading.
Crown Holdings Shares Rebound After Earnings Beat, Buybacks Fuel EPS Growth
Crown Holdings shares recovered in after-hours trading after beating Q2 earnings estimates, with adjusted EPS of $2.49 surpassing the FactSet consensus by 15%. Buybacks drove 40% of EPS growth.
New Era Energy & Digital Stock Skyrockets 26% on AI Sector Momentum
Shares of New Era Energy & Digital (NUAI) soared 26.1% to $5.14, adding about $108 million in market value, as AI infrastructure deals from rivals lifted the sector.