Spotify Beats Subscriber Guidance as Margins Expand and AI Features Take Center Stage
Spotify reported 788M users and 306M premium subscribers in Q3, with revenue of €5B and a record 33% gross margin. Q4 profit guidance topped estimates.
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AEVEX Gains Outperform Rating From Oppenheimer Amid Clarification on GARC Program
Oppenheimer starts coverage of AEVEX with an Outperform rating and $21 price target. The company also reaffirmed its Navy GARC program, confirming no orders were halted.
QuantumScape Jumps on Q3 Progress and First Commercial-Scale Battery Line
Shares advanced following Q3 results showing a narrower loss and progress toward commercial production for AI data centers and defense.
Nokia Shares Fall Despite Strong Q3 Profit Beat as Restructuring Costs and Cash Flow Weigh
Strong AI-driven sales and profit failed to lift Nokia shares, which dropped on elevated restructuring charges and lower cash flow guidance.
Navy Stops Buying Aevex Autonomous Speedboats Over Performance Shortfalls
U.S. Navy stops new purchases of Aevex GARC speedboats citing hardware issues and cheaper alternatives after $136.8 million in spending.