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Latest Financial News
Dycom Revenue Jumps 46% to Record $2 Billion as Backlog Surges and Fiscal 2027 Outlook Rises
Dycom posted record second-quarter revenue of $2.01 billion and a $12.24 billion backlog as fiber and data-center infrastructure demand helped lift its fiscal 2027 outlook.
U.S. Durable-Goods Orders Rise 1.1% in July as Transportation Equipment Rebounds
U.S. durable-goods orders rose 1.1% in July as transportation equipment recovered, while orders excluding transportation also posted a smaller gain.
U.S. Crude Inventories Rise Just 95,000 Barrels as Gasoline and Distillate Stocks Fall Sharply
U.S. commercial crude inventories were nearly unchanged last week, while gasoline and distillate stocks posted sizable draws that left both fuel categories well below seasonal norms.
Abercrombie Raises 2026 Outlook After Record Q2 Sales as Tariff Refunds Lift Earnings
Abercrombie & Fitch raised its fiscal 2026 earnings and sales outlook after record second-quarter revenue, with about $100 million of tariff refunds providing a large profit benefit.
U.S. Q2 GDP Growth Holds at 1.5% as Corporate Profits Jump $401 Billion
U.S. economic growth remained at a 1.5% annual rate in the second quarter, while corporate profits surged and a measure of underlying private demand was revised higher.
Photronics Q3 Revenue Rises as High-End Chip Photomasks Reach Record Share of IC Sales
Photronics reported $216.0 million in fiscal Q3 revenue as high-end IC photomasks reached a record 44% of integrated-circuit sales and delayed chip designs returned.
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