Apple CEO Tim Cook said the company is "very open" to AI acquisitions, signaling a potential shift in strategy as it faces pressure to keep pace with AI investments by Google, Meta and Microsoft.
Real estate technology company eXp World (NASDAQ:EXPI) announced better-than-expected revenue in Q2 CY2025, with sales up 1.1% year on year to $1.31 billion. Its GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
iPhone and iPad maker Apple (NASDAQ:AAPL) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 9.6% year on year to $94.04 billion. Its GAAP profit of $1.57 per share was 10.1% above analysts’ consensus estimates.
Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 13.3% year on year to $167.7 billion. Guidance for next quarter’s revenue was optimistic at $176.8 billion at the midpoint, 2.1% above analysts’ estimates. Its GAAP profit of $1.68 per share was 26% above analysts’ consensus estimates.
Blockchain infrastructure company Coinbase (NASDAQ:COIN) missed Wall Street’s revenue expectations in Q2 CY2025 as sales rose 3.3% year on year to $1.5 billion. Its non-GAAP profit of $0.12 per share was 91.9% below analysts’ consensus estimates.
The Roundhill Magnificent Seven ETF surged to an all-time high Thursday morning. The ETF is being powered by blockbuster quarterly earnings from key holdings Microsoft and Meta Platforms.
Shares of industrial and safety product distributor Distribution Solutions (NASDAQ:DSGR)
jumped 9.3% in the afternoon session after the company reported second-quarter financial results that showed strong revenue growth and better-than-expected adjusted earnings. The industrial products distributor posted revenue of $502.4 million for the quarter, a 14.3% increase compared to the previous year. This growth stemmed from both recent acquisitions and a 3.3% rise in organic sales. While the company's official net income of $0.11 per share fell short of some estimates, investors focused on the adjusted earnings of $0.35 per share. This figure surpassed the analyst consensus forecast of $0.32. The strong top-line performance and adjusted profit beat signaled resilience to investors.
Shares of freight delivery company XPO (NYSE:XPO)
fell 9.1% in the afternoon session after the company reported disappointing second-quarter financial results that revealed a significant drop in profitability.
Shares of beer powerhouse Anheuser-Busch InBev (NYSE:BUD)
fell 12% in the afternoon session after the company reported second-quarter results that fell short of market expectations, driven by weak demand in key international markets. The world's largest brewer announced that its total sales volume decreased by 1.9%, with beer volume specifically dropping 2.2%, a larger decline than analysts anticipated. The company’s revenue landed at $15.0 billion, which missed consensus estimates. The performance stemmed largely from significant sales drops in key international markets. In China, revenue fell 6% as volumes decreased by over 7%, while in Brazil, volumes plunged by more than 6.5%. The disappointing report intensified investor concerns about shifting consumer preferences away from traditional beer products.
Starbucks (NASDAQ: SBUX) is an American multinational chain of coffeehouses and roastery reserves, widely recognized for its signature coffee beverages, comfortable ambiance, and global presence. From its humble beginnings as a single store selling coffee beans in Seattle, Starbucks has transformed into a cultural phenomenon, redefining the way millions around
Nike (NYSE: NKE) stands as a titan in the global athletic apparel and footwear industry, a brand synonymous with innovation, performance, and aspirational marketing. From its humble beginnings as a distributor of Japanese running shoes, Nike has evolved into a multinational corporation that designs, develops, manufactures, and markets footwear, apparel,
