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Caterpillar lifts 2026 sales growth target after quarterly profit beat

Caterpillar lifts 2026 sales growth target after quarterly profit beat

Aug 4 (Reuters) - Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.
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Caterpillar raises 2026 revenue growth target after quarterly profit beat

Caterpillar raises 2026 revenue growth target after quarterly profit beat

Aug 4 (Reuters) - Caterpillar raised its revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.
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Cummins misses quarterly profit estimates despite strong generator demand

Cummins misses quarterly profit estimates despite strong generator demand

Aug 4(Reuters) - U.S. truck engine maker Cummins reported second-quarter profit below market expectations on Tuesday, despite benefiting from strong demand for generators and improving conditions in the North American truck market, sending its shares down as much as 8% in premarket trading.
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Wall St set to open higher on strong AI-linked earnings, Mideast deal hopes

Wall St set to open higher on strong AI-linked earnings, Mideast deal hopes

By Johann M Cherian and Shashwat Chauhan Aug 4 (Reuters) - U.S. main stock indexes were set to open higher on Tuesday after strong forecasts from Caterpillar and Palantir reassured investors about AI-driven demand, while hopes for an imminent deal to end the Middle East conflict sent crude prices
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US stock futures advance as strong AI-linked earnings continue

US stock futures advance as strong AI-linked earnings continue

By Johann M Cherian and Shashwat Chauhan Aug 4 (Reuters) - U.S. stock index futures rose on Tuesday after strong forecasts from Palantir and ON Semiconductor reassured investors about AI-driven demand, while Middle East developments and U.S. earnings were also in focus to gauge the health of
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Nasdaq futures underpinned by strong AI forecasts; focus on earnings, data

Nasdaq futures underpinned by strong AI forecasts; focus on earnings, data

Aug 4 (Reuters) - Nasdaq futures rose on Tuesday after strong forecasts from Palantir and ON Semiconductor reassured investors about AI-driven demand, while Middle East developments and U.S. earnings were also in focus to gauge the health of corporate America.
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Spotify forecasts profit and monthly active users below estimates, shares fall

Spotify forecasts profit and monthly active users below estimates, shares fall

Aug 4 (Reuters) - Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service's challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.
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Spotify forecasts weak profit as user growth slows in North America, Europe

Spotify forecasts weak profit as user growth slows in North America, Europe

Aug 4 (Reuters) - Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares around 5% lower in premarket trading.
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Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

By Jaspreet Singh and Juby Babu Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data analytics software, sending its shares up nearly 12% in extended trading.
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Snap beats revenue estimates on ad boost from World Cup, shares surge

Snap beats revenue estimates on ad boost from World Cup, shares surge

By Jaspreet Singh Aug 3 (Reuters) - Snap beat second-quarter revenue estimates on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America, sending its shares up 13% in extended trading.
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Onsemi forecasts upbeat revenue on surging AI data center chip demand

Onsemi forecasts upbeat revenue on surging AI data center chip demand

Aug 3 (Reuters) - Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers.
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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.