Esteban Tesson
Journalist
Cencora raises annual guidance despite quarterly miss
Cencora reported quarterly results that fell short of market expectations, while simultaneously raising its full-year profit forecast on the back of sustained demand for specialty drugs. The pharmaceutical distributor is pursuing its strategy of refocusing on core operations, notably by strengthening its presence in specialty medical services. This year, the group acquired EyeSouth Partners' retina care business for $1.1bn and divested its animal health division. The announcement failed to reassure the market, with the stock tumbling over 17% in intraday trading.
07 May 2026 at 07:10 am AEST
Nvidia and Corning bolster optical capabilities for Artificial Intelligence
Nvidia and Corning have announced a strategic partnership aimed at developing optical infrastructure for artificial intelligence in the United States. Three new advanced manufacturing facilities will be opened in North Carolina and Texas to meet the growing requirements of the semiconductor specialist. The project is expected to create at least 3,000 jobs and increase Corning's domestic optical production capacity tenfold. As part of the agreement, Nvidia may invest up to $3.2bn in the group through various financial instruments.
07 May 2026 at 07:04 am AEST
Instacart forecasts robust activity despite slowing order growth
Instacart issued Q2 guidance that topped expectations, as the company bets on consumers continuing to prioritize discounted goods amid persistent pressure on purchasing power. The group anticipates Gross Transaction Value (GTV) between $10.10bn and $10.25bn, compared to the $10.07bn expected by analysts according to LSEG data. Adjusted EBITDA is projected to range from $290m to $300m, broadly in line with market forecasts.
07 May 2026 at 07:00 am AEST
DoorDash Reassures Markets With Solid Results and Favorable Outlook
DoorDash posted quarterly results that were broadly well received by investors, despite revenue coming in slightly below expectations. The U.S. meal delivery specialist reported adjusted earnings of $0.42 per share in the first quarter, above the $0.36 analysts had forecast. Revenue totaled $4.04bn, versus $4.14bn expected, but still rose 33% year over year. Following the release, the stock jumped about 15% after the market close.
07 May 2026 at 06:59 am AEST
DaVita raises full-year guidance on strong dialysis demand
DaVita raised its full-year profit outlook after posting quarterly results that topped expectations, supported by robust demand for its dialysis services. The kidney-care specialist, which treats patients with chronic kidney failure, saw its shares rise more than 3% after the close following the announcement. The company appears to be regaining momentum after several quarters marked by rising care costs and operating expenses.
07 May 2026 at 06:09 am AEST
Bio-Techne Hit by Pullback in U.S. Academic Funding
Bio-Techne reported quarterly results that missed expectations, weighed down by slowing demand for its products used in medical research and pharmaceutical development. The Minneapolis-based group posted third-quarter revenue of $311.4m, versus $317.1m expected by analysts, according to LSEG. Cuts in U.S. academic research funding, along with uncertainty tied to tariffs, continue to weigh on customer spending.
07 May 2026 at 05:35 am AEST
Cencora raises full-year guidance despite a weaker-than-expected quarter
Cencora posted quarterly results below market expectations, while raising its full-year earnings outlook on sustained demand for specialty drugs. The pharmaceutical distributor is continuing its strategy of refocusing on its core businesses, including strengthening its footprint in specialty medical services. This year, the group acquired EyeSouth Partners' retinal care business for $1.1bn and sold its animal health division. The update was not enough to reassure the market, the stock was down more than 17% during the session.
07 May 2026 at 05:04 am AEST
Nvidia and Corning Strengthen Their Optical Capabilities for Artificial Intelligence
Nvidia and Corning announced a strategic partnership aimed at developing optical infrastructure for artificial intelligence in the United States. Three new advanced manufacturing plants will open in North Carolina and Texas to meet the chipmaker's fast-growing needs. The project is expected to create at least 3,000 jobs and increase Corning's U.S. optical production capacity tenfold. Under the agreement, Nvidia may invest up to $3.2bn in the company through various financial instruments.
07 May 2026 at 04:51 am AEST
Anthropic partners with SpaceX to bolster AI capabilities
Anthropic has entered into a strategic partnership with SpaceX to utilize the full computing capacity of the Colossus 1 data center located in Memphis, Tennessee. Under the terms of the agreement, the AI specialist will benefit from over 300 megawatts of computing power. The group also indicated that it is considering future collaboration with SpaceX regarding the development of multi-gigawatt infrastructure in space.
07 May 2026 at 04:13 am AEST
Instacart expects solid activity despite a slowdown in orders
Instacart posted second-quarter guidance above expectations, saying consumers are still gravitating toward discounted items as persistent pressure on purchasing power continues. The company expects gross transaction value of $10.10bn to $10.25bn, versus the $10.07bn analysts expected, according to LSEG. Adjusted operating profit is seen at $290m to $300m, broadly in line with market forecasts.
07 May 2026 at 04:10 am AEST
Anthropic teams up with SpaceX to boost its artificial intelligence firepower
Anthropic has struck a strategic partnership with SpaceX to tap the full computing capacity of the Colossus 1 data center, located in Memphis, Tennessee. Under the deal, the artificial intelligence company will gain access to more than 300 megawatts of compute power. The group also said it is considering a future collaboration with SpaceX to develop multi-gigawatt infrastructure in space.
07 May 2026 at 03:08 am AEST
AMD raises guidance on the back of artificial intelligence boom
Advanced Micro Devices (AMD) expects Q2 revenue to exceed expectations, driven by robust demand for data center chips. The group forecasts revenue of approximately $11.2bn, plus or minus $300m, compared to the $10.52bn expected by analysts according to LSEG. Following the announcement, the stock rose by approximately 6% in after-hours trading.
06 May 2026 at 07:21 am AEST
Huntington Ingalls penalized by rising costs in Q1
American military shipbuilder Huntington Ingalls saw its profitability decline in Q1, amid a backdrop of inflation and global trade disruptions. Despite robust US demand for submarines and aircraft carriers, rising costs weighed on performance. In response to these results, the group's shares fell over 10% during trading. However, geopolitical tensions and China's naval buildup continue to support demand prospects.
06 May 2026 at 07:17 am AEST
AMD raises its outlook on the surge in artificial intelligence
Advanced Micro Devices (AMD) is projecting second-quarter revenue above expectations, fueled by strong demand for data-center chips. The company expects revenue of about $11.2bn, plus or minus $300m, versus $10.52bn expected by analysts, according to LSEG. Following the release, the stock rose about 17% in after-hours trading.
06 May 2026 at 06:36 am AEST
Huntington Ingalls hit by rising costs in the first quarter
U.S. military shipbuilder Huntington Ingalls saw profitability slip in the first quarter, against a backdrop of inflation and disruptions to global trade. Despite solid demand in the United States for submarines and aircraft carriers, higher costs weighed on performance. In response to the results, the company’s shares fell % in the session. Geopolitical tensions and China’s expanding naval capabilities are nevertheless supporting demand prospects.
06 May 2026 at 06:06 am AEST
Palantir: Record Results, Forecasts Raised and a Sky-High Valuation
The software specialist, now a Wall Street bellwether, has delivered exceptionally strong results alongside an ambitious guidance hike. Despite this, the stock fell nearly 6% in intraday trading, weighed on by a valuation increasingly seen as unsustainable, along with slightly disappointing growth in the US commercial segment.
06 May 2026 at 03:05 am AEST
Palantir: record earnings, upward revisions, and a dizzying valuation
The software specialist, now a fixture on Wall Street, posted particularly strong results alongside an ambitious upgrade to its outlook. Even so, the stock is down nearly 6% in the session, weighed by a valuation increasingly seen as hard to justify and slightly disappointing growth in its U.S. commercial business.
06 May 2026 at 02:05 am AEST
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