1h ago
Luda Technology shares jump 9.34% after 1.6 billion yuan pipeline fittings contract
Luda Technology signed a supply agreement for pipeline fittings for the first phase of the Yulong Island Refining and Chemical Integration Project with Shandong Yulong Petrochemical Company, Limited, with the contract valued at about 1.6 billion yuan ($240 million). The order provides clear near-term revenue support for the company. The deal helped lift Luda Technology’s stock 9.34% in a single session to $4.50.
1h ago
1h ago
Oil rises 1% as Apple shares slide more than 9% after fiscal Q3 results
Crude oil rose 1% on Friday, reflecting near-term tightness in supply and demand. Apple reported fiscal third-quarter revenue of $109.42 billion and earnings of $2.02 per share, both above expectations. However, its fourth-quarter sales outlook of $111.7 billion to $113.7 billion came in below the $114.8 billion estimate, sending the stock down more than 9% on the day. The Dow, Nasdaq and S&P 500 ended slightly higher.
1h ago
1h ago
Moderna shares fall 2.68% after Q2 2026 cash balance drops to $6.9 billion following $950 million settlement payment
Moderna reported second-quarter 2026 revenue of $145 million, topping expectations. However, cash and cash equivalents fell to $6.9 billion from $7.5 billion at the end of March, mainly after a $950 million litigation settlement payment in July. R&D spending declined 7% year over year as several late-stage programs wound down. The company reaffirmed its full-year 2026 sales guidance and said it expects roughly 50% of revenue to come from international markets, but the stock fell Friday as investors focused on liquidity pressure from the large cash outflow.
1h ago
2h ago
GoDaddy shares fall after it trims fiscal 2026 sales outlook to $5.215 billion–$5.255 billion
GoDaddy reported second-quarter results on Thursday and lowered its fiscal 2026 revenue guidance to $5.215 billion–$5.255 billion, with the $5.235 billion midpoint below the $5.242 billion consensus estimate. The company also forecast third-quarter revenue of $1.315 billion–$1.335 billion, slightly under analysts’ $1.326 billion estimate. As of June 30, GoDaddy had $1.2 billion in cash and cash equivalents and $3.8 billion of total debt, leaving net debt of $2.7 billion. The guidance and financial update weighed on GoDaddy (GDDY) shares.
2h ago
3h ago
Starbucks shares hover near a 52-week high after raised full-year outlook
Starbucks posted a better-than-expected quarterly report and raised its full-year outlook, guiding to consolidated same-store sales approaching 6.0%, operating margin above 11.0%, and earnings of $2.55–$2.65 per share. Global comparable sales rose 7.9%, led by 8.1% growth in North America and 5.7% internationally, while the quarter also benefited from a tariff refund. The results helped push the stock (SUS) to trade near its 52-week high.
3h ago
5h ago
Rivian shares rise after Q2 earnings and revenue beat as R2 SUV deliveries start June 9
Rivian reported 2024 second-quarter revenue of $1.65 billion, topping the $1.50 billion market expectation. Deliveries rose 14% year over year, helping consolidated revenue climb 27%. Gross profit was $179 million, an improvement of $385 million from the same quarter last year, while net loss narrowed to $837 million from $1.115 billion. The results were reflected in the stock, with shares up 3.15% intraday.
5h ago
5h ago
Dragonfly Energy buys controlling stake in Dakota Lithium for $4 million, targets Q4 2026 EBITDA lift
Dragonfly Energy agreed to acquire a controlling stake in Dakota Lithium for $1 million in cash plus $3 million in stock (1.5 million shares at $2 each, subject to a 12-month lockup). The company said the deal is intended to ease working-capital and inventory constraints and improve product availability, as Dakota Lithium generated about $12 million in net revenue in 2025. As of March 31, 2026, Dragonfly held $8.64 million in cash and cash equivalents, and the transaction is expected to preserve nearly $1 million in near-term liquidity. DFLI shares rose 6.61% to $1.29 on the day.
5h ago