1h 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
BTC+0.80%
1h ago
1h 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%.
1h ago
2h 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.
2h ago
2h 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.
2h ago
3h ago
Dow jumps 1,007 points as Caterpillar and Palantir earnings beat lift risk appetite
The Dow Jones Industrial Average surged 1,007 points, while the S&P 500 rose 142 points to 7,731 and the Nasdaq Composite gained 2.6%. Stocks advanced after Caterpillar (CAT) and Palantir (PLTR) posted results that topped expectations. Sentiment also improved after CNBC reported Treasury Secretary Scott Bessent saying progress tied to an Iran nuclear deal could reopen the Strait of Hormuz within 24–48 hours. All three major indexes are up 13%–14% so far this year.
3h ago