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Philip Morris Shares Dip Despite Q2 Beat as Q3 Outlook Disappoints
Philip Morris reported Q2 adjusted EPS of $2.20, beating estimates, but Q3 guidance midpoint is 8.1% below consensus, sending shares down 1.8%.
Opendoor shares dip as mortgage rates hit 11-month high, clouding acquisition gains
Opendoor shares slipped as rising mortgage rates tempered a weekly increase in home acquisition agreements, with Q2 revenue guidance pointing to roughly $900 million.
Archer Aviation Names Marubeni as Halo Launch Partner, Order Value Undisclosed
Archer Aviation has named Japan's Marubeni as the launch partner for its Halo aircraft, but did not disclose the order value after a 20% stock surge.
Dell Shares Climb on AI Server Margin Optimism After Super Micro's Strong Outlook
Dell Technologies shares gained after Super Micro's stronger-than-expected margins fueled optimism about AI server profitability. Dell's AI backlog stands at $51.3 billion.
Oil Benchmarks Near $95 as Futures Curve Signals Shipping Strain
Brent crude approached $95 and WTI hit $87 as the futures curve showed a steep premium for prompt delivery, reflecting imminent shipping bottlenecks in the Red Sea.
Core AI Holdings Skyrockets 41% on HomeGPT Launch, Trading Volume Explodes
Core AI Holdings (CHAI) shares surged 41% to $0.55 after announcing HomeGPT, with trading volume reaching 7 times the June non-affiliate share count.
Reddit Shares Tumble on Report of Potential Google AI Content Restrictions
Reddit shares dropped 6.1% in premarket trading following a report that the company may restrict Google's access to its content for AI training, raising investor concerns about search traffic.
American Airlines Sees Record Q2 Revenue, Profit Nearly Flat
American Airlines projects record Q2 revenue of $16.7B but EPS of only $0.03-$0.05, highlighting margin challenges from fuel costs and competition.
Joby Aviation Gains 2.9% After Inking Exclusive UK Sales Pact with Virgin Atlantic
Joby Aviation shares rose 2.9% premarket after signing an exclusive UK deal with Virgin Atlantic, giving Joby access to Virgin's booking platform while retaining all regulatory and operational duties.