Data storage solutions provider Pure Storage (NYSE:PSTG) reported Q3 CY2025 results beating Wall Street’s revenue expectations, with sales up 16% year on year to $964.5 million. Guidance for next quarter’s revenue was better than expected at $1.03 billion at the midpoint, 0.7% above analysts’ estimates. Its non-GAAP profit of $0.58 per share was in line with analysts’ consensus estimates.
Shares of packaging Corporation of America (NYSE:PKG)
fell 5.4% in the afternoon session after a report from Bloomberg Intelligence indicated that demand for boxes was expected to weaken. The report, which surveyed managers, noted that box demand was forecasted to rise only 1.3% in December compared to the previous year. This was a decrease from a September forecast of a 1.6% increase. The revision marked the third consecutive month that sentiment from initial expectations had declined, raising concerns about future sales for the packaging company.
Shares of semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) jumped 7.4% in the afternoon session after reports indicated that Intel had outsourced its high-end chip packaging production to Amkor for the first time.
Shares of semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) jumped 4.2% in the afternoon session after the company received a "Strong Buy" consensus rating from analysts. This positive outlook from two analysts signaled a favorable view of the company's prospects. Such ratings often influence investor sentiment by suggesting that analysts believe a stock has potential for future growth. The consensus reflected a bullish stance on the company, which likely contributed to the upward price movement as investors reacted to the favorable assessment.
Shares of EV charging solutions provider ChargePoint Holdings (NYSE:CHPT)
jumped 4.2% in the afternoon session after optimism improved ahead of the company's upcoming earnings report, which was scheduled for later in the week.
Shares of financial automation software company BlackLine (NASDAQ:BL) jumped 3.6% in the afternoon session after Rosenblatt Securities initiated coverage on the financial software provider with a "Buy" rating and a $65 price target. The analyst firm noted that BlackLine, which specializes in financial software, was positioned to deliver accelerating growth. According to Rosenblatt, the company could also expand its margins significantly in the coming years. The $65 price target represented potential upside from the stock's trading price at the time of the announcement, reflecting a positive outlook on the company's future performance.
Washington D.C. – December 2, 2025 – In a pivotal moment for the nation's financial landscape, top bank regulators from the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) appeared before Congress today, staunchly defending and outlining further plans for the
Gold prices are currently experiencing a significant and sustained rally, captivating financial markets as the precious metal surges towards new historical highs. This powerful upward momentum is primarily fueled by growing expectations of a more dovish stance from the Federal Reserve regarding interest rates, coupled with persistent inflation concerns and
New York, NY – December 2, 2025 – The financial markets are abuzz with a palpable sense of optimism, as equities continue their upward trajectory, fueled by strong expectations for a Federal Reserve interest rate cut as early as its upcoming December meeting. This burgeoning confidence has ignited a "risk-on" environment, propelling
As the financial world braces for a pivotal moment, President Donald Trump, recently re-elected and now in office for his second term, is on the cusp of announcing his nominee for the next Federal Reserve Chair. This highly anticipated decision, expected in early 2026, is sending ripples of speculation through
As the calendar turns towards December 9-10, 2025, all eyes in the financial world are fixed on the Federal Reserve's final Federal Open Market Committee (FOMC) meeting of the year. While today, December 2nd, marks the beginning of the crucial week leading up to the decision, market participants are already
The company's recent performance was broadly in line with expectations; however, if its guidance is accurate, revenue and profitability could rise this fiscal year.
Egypt's long-dormant mining sector is experiencing a vibrant renaissance, drawing significant attention and investment from Australian companies eager to explore its vast, underexplored mineral wealth. This surge in interest, particularly for gold and silver, is poised to redefine Egypt's role in the global precious metals supply chain, potentially leading to
The company raised its fourth quarter operating income guidance to $155 to $160 million, up from its previous guidance of $125 to $130 million on stronger sales trends.
Toronto, Canada – December 2, 2025 – In a significant move reverberating across the precious metals sector, TD Securities has upgraded New Gold Inc. (TSE:NGD) to a 'Buy' rating from 'Hold,' dramatically increasing its price objective from C$7.50 to C$12.00. This decisive analyst action comes on
