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E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, nearly doubling net income. The company raised its full-year revenue and earnings guidance on strong sales growth.
Disney surpassed earnings estimates in its fiscal third quarter as theme parks and streaming divisions drove growth, with parks revenue up 10% and streaming revenue climbing 11%.
Novo Nordisk’s CEO defended the profitability of its Wegovy pill despite pricing pressure, as the company raised full-year guidance but shares fell following mixed quarterly results.
SpaceX shares declined 12% after the company reported a sixfold jump in capital expenditures to $18.4 billion, driven primarily by AI spending that concerned investors despite beating revenue expectations.
AMD stock fell 8.7% in premarket trading despite reporting second-quarter revenue of $11.54 billion, exceeding analyst expectations, as investor sentiment toward the chipmaker cooled.
Kenya’s Nairobi Securities Exchange plans to launch East Africa’s first AI-focused ETF before year-end, offering local investors easier access to artificial intelligence stocks.
