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AST SpaceMobile shares fell 2.8% after the satellite communications company reported second-quarter revenue of $31.5 million, missing the $35.18 million consensus forecast and posting a wider-than-expected adjusted loss.
Robinhood reported second-quarter revenue growth of 32% to a record $1.3 billion, with 13 business lines now generating at least $100 million in annualized revenue, signaling a shift away from crypto dependency.
US stock futures remained flat as US-Iran tensions deepened over compensation demands and Strait of Hormuz negotiations, while oil prices climbed ahead of Wednesday’s CPI report.
Hong Kong is considering extending tax reforms to proprietary trading firms like Jane Street and Citadel Securities, exempting employees from taxes on performance-related pay.
Tetra Technologies reported second-quarter revenue of $185.7 million, up 19% sequentially, driven by strong international and offshore operations despite delayed Middle East shipments.
Unity Software reported strong second-quarter results with strategic revenue rising 38% year-over-year and adjusted EBITDA climbing 77% to $160 million, driven by growth in its Vector advertising platform.
