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Constellation Energy shares climb after Q2 adjusted EPS tops estimates despite revenue miss
Constellation Energy reported second-quarter revenue of $7.5 billion, below the $7.83 billion analyst consensus estimate, while adjusted earnings rose to $2.55 per share and beat expectations. The company also agreed to sell the 606-megawatt Brazos Valley Energy Center in ERCOT to LS Power for $860 million. Excluding the Salem and STP plants, Constellation said its owned nuclear fleet posted a 93.0% capacity factor.
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SoundHound AI jumps 26.44% premarket on Thursday as short squeeze builds and FY26 revenue outlook rises
SoundHound AI shares surged on Thursday, with a short squeeze seen as a key driver given the stock’s elevated short interest. The company reported Q2 revenue of $61.9 million, up 45% year over year and ahead of expectations, while adjusted EBITDA loss narrowed 33% to $9.6 million. Management also raised fiscal 2026 revenue guidance to $230 million to $260 million, according to Benzinga Pro.
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Fluence Energy shares slide as Q3 revenue misses estimates and net loss widens to $44.3 million
Fluence Energy posted quarterly results that fell short of expectations, with revenue from continuing operations of $600.2 million versus estimates of $848.2 million. Adjusted gross margin declined to 5.9%, while net loss widened to $44.3 million. Order intake nearly tripled year over year to more than $1.44 billion and backlog rose to a record $6.4 billion, but the miss pressured the stock.
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U.S. tariff fears drive COMEX copper to record $6.7180/lb as refined-import duties may reach 30% by 2028
The U.S. Commerce Department missed a June deadline to advise on tariffs for refined copper imports, with phased duties that could start at 15% in 2027 and rise to 30% in 2028. COMEX September copper settled at $6.7180 per pound while London prices moved above $14,000 a ton, leaving a spread of more than $300. Global X Copper Miners ETF (NYSE:COPX) rose 3.25% and is up 18.70% year-to-date. China’s grip on about 60% of global smelting and refining capacity is drawing attention as supply dynamics tighten.
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8-6
AppLovin CEO says Q2 revenue shortfall was ‘timing’ issue as company guides Q3 revenue of $2.055 billion-$2.085 billion
AppLovin reported second-quarter revenue of $1.92 billion, up 53% year over year, but slightly below analyst estimates of $1.935 billion, weighing on the stock. The company forecast third-quarter revenue of $2.055 billion to $2.085 billion, roughly in line with or slightly above Wall Street expectations of $2.068 billion. Consumer advertising spending hit a record level, while APP shares are down 38.00% year-to-date and fell 16.95% in overnight trading, according to Benzinga.
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Disney weighs free streaming product as adjusted EPS tops estimates at $2.06
Disney said it is exploring a free streaming product as it reported adjusted earnings per share of $2.06, above expectations, while revenue came in at $25.25 billion, slightly below forecasts. The entertainment division’s revenue rose 6% year over year, supported by “Toy Story 5” surpassing $1 billion at the global box office. Walt Disney shares closed up 3.65% at $101.76 on Wednesday, according to Benzinga Pro.
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