Circle reported a 7% year-over-year revenue increase to $701 million in Q2, driven by a 25% rise in USDC stablecoin circulation, which reached $73.3 billion. Onchain transaction volume surged 151% to $14.8 trillion, and the company turned profitable with $48 million net income. Circle plans to launch its Arc public mainnet on September 16, supported by major financial institutions like BlackRock and Mastercard, enhancing blockchain infrastructure and institutional adoption. Regulatory approvals for national and New York state trust charters also position Circle for expanded digital asset custody and payment services.
Suja Life's stock fell sharply by 46.18% following a 391% rise in net loss and a securities law investigation, closing at $6.14 on heavy volume. Other companies like Autonomix Medical, Limbach Holdings, USANA Health Sciences, and SolarEdge Technologi...
Transocean Ltd. announced new offshore drilling contracts worth approximately $292 million in firm fixtures and an additional $1.0 billion conditional agreement with Equinor for rigs on the Norwegian shelf. These contracts extend drilling programs ac...
LivaNova's stock price target was raised to $85 following a strong Q2 performance with record revenue of $390.6 million, up 9.8%, and adjusted EPS of $1.26, beating estimates by 16.67%. The growth was driven by its Cardiopulmonary and Epilepsy segmen...
Glencore PLC reported better-than-expected Q2 results with earnings per share of $0.37 and revenue of $174.43 billion, driven by strong performance in its marketing and industrial divisions. Adjusted EBITDA surged to $10.11 billion, reflecting robust...
Cloudflare is set to report quarterly earnings with analysts expecting $0.27 EPS and $664.67 million revenue, reflecting strong growth driven by AI and edge computing innovations. Despite robust 31.55% revenue growth and 73% gross margins, the compan...
