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Big Tech companies’ investment gains in private AI firms like OpenAI and Anthropic significantly boosted reported earnings, masking slower underlying profit growth in the most recent quarter.
Kosmos Energy reported an 18% year-on-year production increase in the first half of 2026, driven by Jubilee field growth and cost reductions targeting 35% OpEx reduction per barrel.
Qnity Electronics shares surged 10.4% after the company beat second-quarter earnings expectations and raised its full-year financial guidance, citing strong revenue growth and robust demand.
Ball Corporation reported second-quarter earnings of $1.03 per share, beating expectations of $0.99, with revenue reaching $3.99 billion and global aluminum packaging volumes rising 4.3%.
Hut 8 reported second-quarter revenue of $74.9 million, up 81.4% year-over-year but missing consensus estimates by $1.9 million. The company posted a GAAP loss of $1.27 per diluted share versus analyst expectations for a $0.48 loss.
Snap shares surged over 8% after reporting second-quarter revenue of $1.60 billion, exceeding expectations, driven by advertising growth and improved user engagement metrics.
