Dover shares fell Thursday despite reporting better-than-expected second quarter results and raising its full-year outlook. We think the market is misjudging this one. Revenue in the second quarter increased 5% year over year to $2.05 billion, beating the $2.04 billion consensus, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended June 30 totaled $2.44, outpacing expectations of $2.39 per share, LSEG data showed. DOV YTD bar Dover’s year-to-date stock performance. Bottom line We’re surprised by this reaction to Dover’s earnings. Not only did the company beat on the top and bottom line, it reported…
Author: usaeverydaylife
Microsoft CEO Satya Nadella talks with Indonesia’s Minister of Communication and Information Technology Budi Arie Setiadi, on the day of their meeting with Indonesian President Joko WIdodo, at the Presidential Palace in Jakarta, Indonesia, April 30, 2024.Willy Kurniawan | ReutersMicrosoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella.”Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,” Nadella wrote in a memo to employees Thursday. After Microsoft’s latest labor…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAnthony Malkin, Empire State Realty Trust CEO, joins ‘The Exchange’ to discuss the state of REITs, the shares falling on lower international demand and New York City Democratic Mayoral candidate Mamdani’s potential impact on real estate in the city. Source link
Alphabet’s strong earnings report seems to be quashing any fears on Wall Street that the artificial intelligence trade has peaked. The Google parent’s second-quarter results — released on Wednesday afternoon — painted a healthy picture of the tech stalwart’s current AI ambitions. Back in February, the company forecast it would invest an expected $75 billion in capital expenditures this year as builds out its AI offerings. But on Wednesday, the company upped this figure to $85 billion, justifying this increase by pointing to “strong and growing demand for our Cloud products and services.” Boosted by Alphabet’s positive second-quarter earnings, chip…
Sandal maker Birkenstock is an attractive play with a long-term growth profile, according to Goldman Sachs. Analyst Louise Singlehurst upgraded the company’s shares to buy from neutral and kept her 12-month price target of $60, which suggests the stock can jump 18% from its latest close. “In terms of valuation, the recent relative softness versus the footwear/lifestyle peers provides an opportunity to revisit the investment thesis,” Singlehurst said in a note to clients. “Whilst we acknowledge uncertainty remains over the tariff environment … this presents an attractive entry point.” Shares of Birkenstock are down nearly 8% year to date amid…
CNBC’s Phil LeBeau with Alaska Airlines CEO Ben Minicucci, join ‘The Exchange’ to discuss Q2 earnings, the recent IT outage and booking demand. Source link
Apple announces a new design language for its operating systems called “Liquid Glass” during the annual Apple “Worldwide Developers Conference” (WWDC) at Apple Park, the corporate headquarters of Apple Inc., in Cupertino, California on June 9, 2025.Josh Edelson | AFP | Getty ImagesApple released the public beta preview version of its next iPhone operating system, called iOS 26.This software release on Thursday means that members of the public with recent iPhones can preview how the device’s interface will change in the fall when the software is formally released and pushed to users.To try out iOS 26, iPhone users in the…
Check out the companies making headlines in midday trading: Union Pacific , Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell almost 3%, while Norfolk Southern slipped less than 1%. CSX — Shares rose less than 1% after talks between rival railroad operators stoked deal speculation. The company’s CEO Joseph Hinrichs said in an interview that he was open to “all possibilities.” IBM — The tech stock fell 7% after the company reported disappointing revenue at its software business. While…
Wall Street analysts scrambled to keep up with GE Vernova this week, dramatically hiking their stock price targets after the power company’s shares blew past expectations on a strong second quarter. Its shares rallied more than 14% on Wednesday to close at an all-time high, after raising its full-year guidance as robust power demand blunts the effect of President Donald Trump’s tariffs. Its stock nearly doubled this year to book the second-best performance in the S & P 500. “Given what we viewed as elevated expectations ahead of GEV’s 2Q25 earnings, we are somewhat surprised in the strength of GEV…
Commerce Secretary Howard Lutnick said Thursday that American auto CEOs told him they are “cool with” President Donald Trump’s new trade deal, which could put lower tariffs on cars imported from Japan than on cars made by U.S. companies in Canada and Mexico.Lutnick brushed off complaints from a group representing General Motors, Ford and Stellantis that Trump’s plan could give Japanese automakers an advantage over the “Big Three” Detroit car companies.”Oh my God, that’s just so silly,” Lutnick said on CNBC’s “Squawk on the Street” after being asked about criticism by the American Automotive Policy Council.Trump on Tuesday announced an agreement that would…
