CleanSpark's stock surged 11% after securing a 20-year data center lease in Georgia, which is expected to generate $6.6 billion in contracted revenue. In contrast, HCA Healthcare's shares fell over 7% following a reduction in its full-year earnings guidance, now projecting earnings per share between $28.70 and $30.50, down from a previous range of $29.10 to $31.50.
JPMorgan Chase reported strong Q2 results, earning $6.14 per share on revenue of $58.02 billion, exceeding analyst expectations, which contributed to a 2% rise in its stock. Similarly, Bank of America gained 2% after reporting earnings of $1.21 per share and revenue of $31.7 billion, both surpassing forecasts.
Wells Fargo's stock dropped 3% despite beating earnings expectations with $2.00 per share on revenue of $22.62 billion. Goldman Sachs saw a 7% increase after reporting earnings of $20.98 per share and revenue of $20.34 billion, both significantly above estimates.
Citigroup's shares fell 5% despite reporting its best quarterly revenue in a decade, with earnings of $3.15 per share and revenue of $24.77 billion, both exceeding expectations. Apple dipped 1% after KeyBanc downgraded its rating, citing potential pressure on sales due to rising prices.
IBM's stock plummeted 25% after announcing weaker-than-expected preliminary Q2 earnings, projecting a profit of $2.93 per share, below the anticipated $3.01. O-I Glass dropped 8% following a double downgrade from Bank of America, while LM Ericsson's shares fell 13% after missing revenue estimates despite a better-than-expected gross margin.
Lastly, MBX Biosciences tumbled 8% after announcing the immediate resignation of its CEO, Kent Hawryluk, with Steve Hoerter stepping in as his replacement