U.S. stock futures rose on Thursday after ending on a mixed note on Wednesday. Futures of major benchmark indices were higher, except for the small-cap gauge Russell 2000.
The Federal Reserve has once again opted to maintain its benchmark interest rate, keeping it within the range of 4.25% to 4.5%. This marks the fifth consecutive time the central bank has held rates unchanged, a decision that was largely anticipated by financial markets. For consumers and businesses,
On Wednesday, the major averages closed on a mixed note, as traders were left unimpressed by the Fed's decision and Chair Powell’s comments at the press conference that followed the meeting.
Samsung (OTC: SSNLF) is a multinational conglomerate headquartered in Seoul, South Korea, renowned globally for its diverse portfolio of businesses, particularly in electronics, appliances, and mobile communications. From its origins as a small trading company, Samsung has evolved into a technological powerhouse, shaping industries and influencing daily lives across the
Tech giant Microsoft (NASDAQ:MSFT) announced better-than-expected revenue in Q2 CY2025, with sales up 18.1% year on year to $76.44 billion. Its GAAP profit of $3.65 per share was 8% above analysts’ consensus estimates.
Taiwan Semiconductor Manufacturing Company (NYSE: TSM), commonly known as TSMC, stands as a colossus in the global technology landscape. This Taiwanese multinational semiconductor contract manufacturing and design company pioneered the "pure-play" semiconductor foundry business model, a revolutionary approach that reshaped the industry. Unlike traditional semiconductor companies that design and manufacture
Shares of communications chips maker Qorvo (NASDAQ: QRVO)
jumped 3.4% in the morning session after the company reported fiscal first-quarter results and guidance that surpassed Wall Street's expectations. The chipmaker announced fiscal first-quarter revenue of $818.8 million and non-GAAP earnings per share of $0.92, both of which easily beat analysts' forecasts. Investors were also pleased with the company's strong outlook. For its upcoming second quarter, Qorvo projected revenue of approximately $1.025 billion and non-GAAP earnings per share of $2.00, well ahead of consensus estimates. The strong results were attributed to broad-based demand. Following the report, several Wall Street analysts raised their price targets on the stock. For instance, Needham increased its target, citing expected content gains in Apple products and an expanding opportunity pipeline in the defense sector.
Shares of pool equipment and automation systems manufacturer Hayward Holdings (NYSE:HAYW)
jumped 3.9% in the afternoon session after the company reported strong second-quarter financial results that surpassed analyst expectations for both revenue and earnings. The swimming pool equipment manufacturer announced a 5% year-over-year rise in net sales to $299.6 million. Profitability saw a significant boost, as net income increased by 19%. A key highlight was the company's record gross profit margin, which reached 52.7%, driven by successful pricing strategies and operational efficiencies. In a sign of confidence, Hayward also refined its full-year 2025 guidance, raising the lower end of its net sales forecast to a range between $1.070 billion and $1.100 billion.
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Shares of power generation products company Generac (NYSE:GNRC)
jumped 14.7% in the afternoon session after the company reported second-quarter results that surpassed analyst expectations and raised its full-year profit margin guidance.
Shares of agriculture products company SiteOne Landscape Supply (NYSE:SITE) jumped 10.1% in the afternoon session after the company reported solid second-quarter 2025 financial results, where investors focused on profit growth and a confident outlook despite a slight miss on analyst estimates.
Shares of auto services provider Monro (NASDAQ:MNRO) fell 17% in the afternoon session after the company reported a significant net loss for its fiscal first quarter, missing bottom-line estimates despite a beat on revenue. While the automotive service provider’s revenue increased 2.7% to $301 million, beating expectations, this was overshadowed by a significant drop in profitability. The company posted a net loss of $8.1 million, or $0.28 per share, a stark contrast to the $5.9 million net income recorded in the prior-year quarter. This bottom-line performance was driven by several factors. Gross margins contracted by 170 basis points due to higher technician labor and material costs. Furthermore, operating expenses surged, weighed down by $14.8 million in costs tied to the closure of 145 underperforming stores. The combination of shrinking margins and significant one-off charges ultimately erased the benefits of the sales growth.
Shares of rigid packaging solutions manufacturer Silgan Holdings (NYSE:SLGN)
fell 16.5% in the afternoon session after the company reported second-quarter results that missed profit expectations and lowered its full-year earnings guidance. The company posted second-quarter adjusted earnings of $1.01 per share, which fell short of the $1.03 per share that analysts had anticipated. While revenue of $1.54 billion slightly topped forecasts, other key metrics disappointed investors. Notably, Adjusted EBITDA, a measure of profitability, came in at $239 million, missing estimates by over 8%. More significantly, Silgan revised its full-year adjusted earnings per share forecast downward to a range of $3.85 to $4.05, from a previous range of $4.00 to $4.20. This reduction in outlook signaled potential future weakness, prompting a significant sell-off in the shares.
