Baidu IncQ2 revenue and adjusted EPS missed estimates, with online marketing revenue down 19% and total revenue down 4% YoY.
Stock futures edged lower on Tuesday as investors weighed a fresh surge in crude oil prices driven by stalled diplomatic talks and lingering concerns over a prolonged blockade of the Strait of Hormuz. Amylyx Pharmaceuticals climbed 44% after its Phase 3 LUCIDITY trial of avexitide met its primary and all secondary endpoints, with the once-daily injectable reducing Level 2 and Level 3 hypoglycemic events by 55% versus placebo over 16 weeks. Duos Technologies Group rose 21% after reporting upbeat Q2 results and reaffirming its 2026 targets of 25 MW deployed and more than $50M in revenue, while Flexsteel Industries gained 11% after beating FQ4 earnings and revenue estimates and providing above-consensus Q1 sales guidance. Klarna fell 21% after issuing weaker-than-expected Q3 and full-year guidance, citing lower German volumes, FX headwinds, and changes to fair financing accounting, while Fabrinet dropped 18% despite a strong FQ4 beat and above-consensus Q1 guidance. Kulicke & Soffa slid 10% after naming Raj Talluri as President and CEO, and Baidu fell 9% after Q2 revenue and adjusted EPS missed estimates, with online marketing revenue declining 19% and total revenue falling 4% year-over-year to RMB31.3B.
Baidu IncQ2 revenue and adjusted EPS missed estimates, with online marketing revenue down 19% and total revenue down 4% YoY.
Duos Technologies Group IncUpbeat Q2 results and reaffirmed 2026 targets
FabrinetDropped 18% despite strong FQ4 beat and above-consensus Q1 guidance, likely due to profit-taking or valuation concerns
Amylyx Pharmaceuticals IncPhase 3 trial met primary and all secondary endpoints, reducing hypoglycemic events by 55%
Flexsteel Industries IncBeat FQ4 earnings and revenue estimates, provided above-consensus Q1 guidance
Klarna Group plcIssued weaker-than-expected Q3 and full-year guidance, citing lower volumes, FX headwinds, and accounting changes
Kulicke and Soffa Industries IncAppointed Raj Talluri as President and CEO, causing a 10% stock decline.