2h ago
Hut 8 shares drop 5% after Q2 loss widens to $1.78 per share
Bitcoin miner and AI data center operator Hut 8 reported a second-quarter net loss of $1.78 U.S. per share, wider than analysts’ consensus estimate for a $0.52 U.S. loss. The company said most of the quarterly loss stemmed from a $138.6 million U.S. unrealized loss on its Bitcoin holdings. Revenue for the April-through-June quarter came in at $74.9 million U.S., below Wall Street expectations of $80 million U.S. After the results, Hut 8 shares fell 5%, while the company reiterated that its one-gigawatt Beacon Point A.I. campus is fully commercialized.
BTC
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2h ago
2h ago
SpaceX posts $7.8 billion in Q2 revenue as bitcoin holding value falls $540 million
SpaceX’s first quarterly report as a public company showed second-quarter revenue of $7.8 billion, beating expectations, while its net loss narrowed to $541 million. Adjusted EBITDA nearly tripled, reflecting stronger performance across its launch, Starlink and AI businesses. The value of the company’s bitcoin holdings fell by $540 million, even as overall results improved. Shares dropped 6% in after-hours trading, while the Nasdaq 100 rose 3.3%.
2h ago
2h ago
S&P 500 climbs 1.8% to a record as SpaceX posts $US541 million quarterly loss and oil slides
US stocks surged to record levels as corporate earnings beat expectations and oil prices fell. SpaceX reported a $US541 million loss in its first quarterly report as a public company, but it was smaller than Wall Street anticipated while revenue jumped. Australian share futures pointed to a 35-point, or 0.4%, gain at the open, and the Australian dollar strengthened to US70.47¢. Caterpillar posted its first-ever quarterly sales above $US20 billion, and S&P 500 spring earnings growth expectations were nearing 50%, according to FactSet.
2h ago
3h ago
Mazagon Dock Shipbuilders sets ₹4.62 final dividend for FY26 and names Dinesh Mahur as nominee director
Mazagon Dock Shipbuilders Ltd said consolidated net profit for the quarter ended June 30, 2026 rose 21.7% year on year to ₹55.05 crore. The company also proposed a cash dividend of ₹4.62 per share, implying a 92.4% payout ratio. Separately, it approved the appointment of Ministry of Defence Additional Secretary Dinesh Mahur as a part-time official director, effective April 30, 2026.
3h ago
3h ago
ADM shares rise after quarterly profit tops forecasts and FY2026 EPS outlook is raised
Archer-Daniels-Midland reported adjusted earnings of $1.84 per share, beating the consensus estimate of $1.44, as revenue rose to $22.7 billion versus expectations of $21.8 billion. Total segment operating profit jumped 75% year over year to $1.5 billion, led by gains in Agricultural Services and Oilseeds and continued momentum in Nutrition. The company lifted its fiscal 2026 adjusted earnings guidance to a range that exceeded the analyst consensus.
3h ago