Standard Motor Products press release (SMP): Q2 Non-GAAP EPS of $1.40 beats by $0.01. - Revenue of $501.6M (+1.6% Y/Y) misses by $10.08M. - Reaffirming full-year guidance of low to mid-single digit sales growth and adjusted EBITDA margin of 11% - 12% - Shares -2% PM
Micron’s 15% monthly drop impacts SMH and QQQ differently due to varying exposure, while VGT remains unaffected. Micron Technology (MU) fell 15% over the past month, pulling the VanEck Semiconductor ETF (SMH) down nearly as much given its 6% weighting. The stock closed at
The tech-heavy group of stocks, including AAPL and MSFT, faces divergence after prolonged gains, prompting shifts in investor focus. The so-called Magnificent Seven stocks—Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla
Bitcoin miner and AI infrastructure firm Hut 8 reports $74.9 million revenue, missing $76.8 million estimates despite year-over-year growth. Hut 8 reported second-quarter revenue of $74.9 million, an 81.4% increase from $41.3 million a year earlier. The result fell short o
Pharmaceutical firm Sunshine Biopharma Inc. (NASDAQ:SBFM) on Tuesday said it received regulatory approval to introduce its 2mg generic Dienogest tablets to the Canadian market. The significant milestone marks the company's strategic expansion into women's healthcare, speci
131 Poisoned AI Packages Hit Microsoft’s (MSFT) npm. CrowdStrike (CRWD) Couldn’t Ask for a Better Sales Pitch CrowdStrike Holdings, Inc. (NASDAQ:CRWD) said on August 3 that a North Korea-linked adversary injected a malicious dependency into at least 131 Mastra AI framework
Wayfair on Tuesday said it saw its strongest growth in the U.S. and best free cash flow since the pandemic during its second quarter, as the online furniture company continues to take market share from legacy brick-and-mortar retailers. In the three months ended June 30, s
Strong volumes and higher freight rates powered CMA CGM to nearly 20 percent revenue growth in the second quarter as businesses pulled forward orders to stock up on inventory and get ahead of additional fuel adjustments and surcharges. Total revenue at the ocean carrier am
Qnity Electronics reported adjusted earnings of $1.19 per share on $1.43 billion in sales, surpassing analyst expectations. Qnity Electronics posted second-quarter adjusted earnings of $1.19 per share, beating the $1.15 consensus estimate, as sales reached $1.43 billion. T
G. Willi-Food International (NASDAQ:WILC) declared a cash dividend distribution of about NIS 1.44 per ordinary share and an aggregate dividend of NIS 20 million. - Payable Sept. 3; for shareholders of record Aug. 18; ex-div Aug. 18. - See WILC Dividend Scorecard, Yield Cha
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