Stocks

Robinhood’s event-contracts revenue surged more than tenfold year over year to $156 million, surpassing crypto revenue for the first time. Gold subscriptions reached a record 4.8 million members, and Gold Card holders topped 1 million. The company’s Trump Accounts product drew 7 million signups. Total revenue rose 32% to a record $1.3 billion, while HOOD shares are down 17% over the past year, trailing Interactive Brokers and the S&P 500.

Iceland’s Kvika Bank reported Q2 2026 profit before tax of ISK 1,545 million, down 23.7% year on year. Post-tax profit fell 37.2% to ISK 903 million. Net interest income rose 1.7% to ISK 3,013 million and the net interest margin was unchanged at 4.0%. Net fee and commission income slid 26.8% to ISK 1,416 million, weighing on results.

Brookfield India Real Estate Trust posted a 67% year-on-year rise in net profit to ₹2,213 million for Q1FY26. Revenue climbed 51% to ₹9,738 million, while operating margin edged up to 73.28% from 72.31%. Net operating income increased 52% to ₹7,566 million as occupancy improved to 93%, supported by 1.1 million square feet of gross leasing. Finance costs rose to ₹3,378 million on acquisition-related debt, and the trust declared a ₹0.93 per-unit dividend.

Gemstone Investments Limited posted unaudited Q1 FY27 net profit of ₹87.7 lakh, up 612% from ₹12.3 lakh a year earlier. Revenue rose to ₹172 lakh from ₹35.9 lakh, an increase of 379%. Profit before tax climbed to ₹117.3 lakh, up 633% year on year. The company also opened remote e-voting and a postal ballot for an auditor appointment, with voting closing on August 16, 2026.

Shree Rajasthan Syntex posted unaudited results for Q1 FY26, with revenue from operations rising 10.3% year on year to ₹376.14 lakh. Other income jumped to ₹31.35 lakh from ₹3 lakh a year earlier, lifting total income to ₹407.49 lakh. Total expenses were broadly flat at ₹477.40 lakh, while net loss narrowed 47.4% year on year to ₹69.91 lakh. Loss per share was ₹0.17 versus ₹0.05 in Q1 FY25.

Bank of America downgraded AppLovin to “Neutral,” sending the stock down nearly 6% to $319. The move followed second-quarter results in which revenue rose 53% year over year to $1.92 billion and adjusted EBITDA increased 58% to $1.61 billion, but both fell short of management’s guidance. The miss has fueled doubts about AppLovin’s long-run pledge of 30% annual revenue growth, with analysts questioning whether gains tied to its self-learning algorithms can be sustained.

Apotex reported a $38.3 million net loss in its first quarter, compared with a $362.7 million profit a year earlier. Revenue fell 25.6% to $848 million from $1.14 billion. Diluted loss per share was 19 cents versus diluted earnings per share of $1.88 in the prior-year quarter. The company completed an upsized IPO on June 16 at $24 per share, raising nearly $1.5 billion that CEO Jeff Watson said will be used to reduce debt and add balance-sheet flexibility.

Dynamic Archistructures reported a Q1 net profit of ₹5.99 crore for the quarter ended June 30, 2026, reversing a ₹3.77 crore loss in the previous quarter. Revenue from operations rose to ₹7.26 crore, versus ₹0.01 crore in Q4FY26 and ₹5.00 crore a year earlier. The results highlight a wide gap between revenue growth and relatively steady costs, pointing to a highly volatile earnings profile. The sharp shift from loss to profit within one quarter underscores significant swings in quarterly profitability.

Suryavanshi Spinning returned to profit in Q1FY27, reporting net profit of ₹18.35 lakh versus a net loss of ₹60.62 lakh in the year-ago quarter. Operating revenue jumped 93% year on year to ₹217.36 lakh, supported by efficiency gains in its continuing business. Profit before tax from continuing operations was ₹34.26 lakh, compared with a loss of ₹20.75 lakh a year earlier. Total expenses rose 18% to ₹185.35 lakh, and on June 29, 2026, Agarwal increased his voting-capital stake to 47.26%.

U.S. annual CPI rose 3.4% in July, matching expectations, and traders put the odds of the Federal Reserve holding rates in September at 55%. Shares of AI infrastructure companies CoreWeave, IREN and Applied Digital climbed, while Super Micro Computer’s upbeat revenue outlook added momentum. The moves helped push both the S&P 500 and the Dow to record highs.