SoFi Reports Record Revenue and Member Growth, but Profit Guidance Holds Steady
SoFi beats Q2 estimates, raises revenue guidance to $4.75-4.85B but holds profit targets flat. Shares dip premarket on mixed guidance.
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#Earnings Movers↓
Vertiv Beats EPS Estimates and Raises Guidance, But Shares Fall on Revenue Miss
Vertiv’s Q2 revenue of $3.27B missed $3.37B estimates due to supply delays, despite EPS beat and raised guidance.
Teradyne Beats Wall Street with Record Chip-Testing Revenue
Teradyne reports record $1.33B Q2 revenue, more than double last year, and beats estimates. Strong AI chip demand drives upbeat Q3 guidance.
SK Hynix Miss Triggers $2 Trillion Sell-Off in South Korea Stocks
Leveraged selling and SK Hynix’s earnings miss wiped $2 trillion from South Korean stocks in two days of record market declines.
KLA Results Top Wall Street Forecasts, Yet Stock Falls on High Expectations
AI-driven demand lifts KLA to $3.66B Q4 revenue and $1.05 EPS beat.
Earnings Miss Hits Avis Stock, While Verra Mobility Soars on Seven-Year Avis Deal
Avis reports Q2 miss but raises utilization to 72.6% and cuts fleet costs 4%.