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Tyson Foods cuts profit forecast as tight US cattle supplies hurt beef business

Tyson Foods cuts profit forecast as tight US cattle supplies hurt beef business

By Tom Polansek and Neil J Kanatt Aug 3 (Reuters) - Tyson Foods lowered its annual profit forecast on Monday, warning that losses in its beef business would widen as tight U.S. cattle supplies keep livestock costs elevated.

SpaceX's first results put Musk's AI spending under Wall Street microscope

SpaceX's first results put Musk's AI spending under Wall Street microscope

By Akash Sriram August 3 (Reuters) - SpaceX's first earnings report since its record-breaking IPO will provide an early gauge of whether Starlink's profits can sustain the company's rapidly growing spending on AI and space ventures.

Vertex raises annual revenue forecast on cystic fibrosis drugs strength

Vertex raises annual revenue forecast on cystic fibrosis drugs strength

Aug 3 (Reuters) - Vertex Pharmaceuticals on Monday raised the upper end of its annual revenue forecast, banking on robust demand for its cystic fibrosis treatments.

Marriott forecasts quarterly profit below estimates as Middle East revenue slumps

Marriott forecasts quarterly profit below estimates as Middle East revenue slumps

By Anshuman Tripathy Aug 3 (Reuters) - Marriott International forecast third-quarter profit below Wall Street expectations on Monday as softer demand in the Middle East hurt hotel room revenue, sending shares 7% lower in early trading.

Tyson Foods cuts profit forecast as tight US cattle supplies squeeze beef business

Tyson Foods cuts profit forecast as tight US cattle supplies squeeze beef business

Aug 3 (Reuters) - Tyson Foods lowered its annual profit forecast on Monday, warning that losses in its beef business would widen as tight U.S. cattle supplies keep livestock costs elevated.

Palantir raises annual revenue forecast on strong demand from US government, commercial customers

Palantir raises annual revenue forecast on strong demand from US government, commercial customers

Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong demand for its data analytics software from government and commercial clients. Shares of the company rose 8% in extending trading.

Snap beats revenue estimates on ad boost from World Cup

Snap beats revenue estimates on ad boost from World Cup

Aug 3 (Reuters) - Snap beat Wall Street estimate for second-quarter revenue on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America. The social media company's shares jumped 9% in extended trading.

Wall Street ends higher as Amazon soothes AI jitters

Wall Street ends higher as Amazon soothes AI jitters

By Noel Randewich and Johann M Cherian July 31 (Reuters) - Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors.

Wall Street climbs as Amazon soothes AI jitters

Wall Street climbs as Amazon soothes AI jitters

By Noel Randewich and Johann M Cherian July 31 (Reuters) - Wall Street climbed on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors.

AbbVie trims 2026 profit view on Apogee deal, tops second-quarter estimates

AbbVie trims 2026 profit view on Apogee deal, tops second-quarter estimates

By Siddhi Mahatole and Puyaan Singh July 31 (Reuters) - AbbVie slightly trimmed its 2026 profit forecast on Friday to account for its planned Apogee Therapeutics acquisition, while topping second-quarter estimates on strong immunology drug sales.

Top US data center-serving utility Dominion tops profit estimates

Top US data center-serving utility Dominion tops profit estimates

By Sumit Saha and Laila Kearney July 31 (Reuters) - Dominion Energy, the U.S. electric utility covering the world's biggest data center territory, reported better-than-expected second-quarter profit and revenue on Friday as demand from server warehouses grew beyond 50 gigawatts and offset rising

European stocks notch monthly gain on earnings optimism

European stocks notch monthly gain on earnings optimism

By Purvi Agarwal July 31 (Reuters) - European shares closed lower on Friday, but posted monthly gains as strong corporate earnings buoyed markets helping them weather a month of Middle East hostilities and artificial intelligence-related jitters.