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Cenovus Energy Posts Surge in Q2 Net Earnings YoY, Raises Production Guidance

Cenovus Energy (CVE.TO) reported second-quarter net earnings of C$2.87 billion, or C$1.53 per share, up from C$851 million, or C$0.45 per share in the year-ago quarter.Analysts polled by FactSet expected C$1.58, with three analysts reporting.Revenues were C$20.73 billion, up from C$14.52 billion in the prior-year period.Analysts expected C$16.87 billion.Total upstream production was 970.4 thousand barrels of oil equivalent per day, up from 765.9 MBOE/d.The company raised its total upstream production guidance for 2026 to a range of 970 MBOE/d to 1,010 MBOE/d, an increase of 25 MBOE/d.Cenovus' board declared a quarterly base dividend of C$0.22 per common share, payable Sept. 29 to shareholders of record as of Sept. 15.

$CVE.TO

Wire18d ago

Parsons Swings to Q2 Loss, Revenue Flat; 2026 Revenue Guidance Lowered; Shares Down Pre-Bell

Parsons (PSN) reported a Q2 adjusted loss Wednesday of $0.06 per diluted share, compared with an adjusted earnings of $0.78 a year earlier.Analysts surveyed by FactSet expected adjusted EPS of $0.76.Revenue for the quarter ended June 30 was $1.58 billion, unchanged from a year earlier.Analysts expected $1.61 billion.For 2026, revenue is now projected to be $6.2 billion to $6.5 billion, compared with the prior outlook of $6.5 billion to $6.8 billion. Analysts expect $6.65 billion.Parsons fell more than 23% in recent pre-bell activity Wednesdasy.Price: $47.41, Change: $-14.62, Percent Change: -23.57%

$PSN

International18d ago

MBA US Mortgage Applications Fall 6.4% in Week Ended July 24 After 1.9% Increase in Prior Week

Commodities18d ago

India Curtails 8,133 GWh of Solar Power in April-June to Maintain Grid Stability

India curtailed about 8,133 gigawatt-hours of solar power during the April-June period this year to maintain grid security, the government said on Tuesday.In a written statement to the Council of States, or the Rajya Sabha, on Tuesday, Minister of State for New & Renewable Energy and Power Shripad Naik said "solar power curtailment and restriction are being carried out to maintain grid security and due to mismatch between commissioning of transmission lines and [renewable energy] projects."About 2,417 GWh of solar power was curtailed in April, 3,235 GWh in May, and 2,481 GWh in June, according to the statement.Temporary measures, including the use of available transmission margins through the Temporary General Network Access, are being undertaken to evacuate power until the planned transmission systems are commissioned, wherever feasible, the statement said.The government is implementing renewable energy curtailment for reliable and secure operation of the grid, the statement added.

Asia18d ago

Yageo's Attributable Net Profit Balloons 89% in Q2

Electronic component manufacturer Yageo (TPE:2327) posted net profit attributable to shareholders of NT$9.42 billion, or NT$4.59 per share, in the second quarter, up 89% from a year prior.Net consolidated sales soared 36% year over year to NT$44.5 billion, while gross profit rose 47% to NT$17.1 billion, according to a Wednesday Taiwan Exchange filing.

TPE:2327

Mining & Metals18d ago

Earnings Flash (CJ.TO) Cardinal Energy Reports Q2 Revenue C$231.6M, vs. FactSet Est of C$239.3M

$CJ.TO

Asia18d ago

Hanwha Solutions Turns to Profit in Q2

Hanwha Solutions (KRX:009830) posted a year-over-year net income attributable to shareholders of the parent of 283.5 billion won in the second quarter, swinging from a net loss of 201.6 billion won a year ago.Sales jumped 47% to 4.583 trillion won from 3.117 trillion won, according to a Wednesday filing with the Korea Exchange.

KRX:009830

Mining & Metals18d ago

Earnings Flash (CJ.TO) Cardinal Energy Posts Q2 EPS C$0.38, vs. FactSet Est of C$0.39

$CJ.TO

Research18d ago

CGS International Upgrades Meituan to Add from Hold; Price Target is HK$105

Meituan (HKG:3690) has an average rating of overweight and mean price target of HK$108.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:3690

Research18d ago

UOB Kay Hian Starts Shenzhen Edge Medical at Buy with HK$56 Price Target

Shenzhen Edge Medical (HKG:2675) has an average rating of buy and mean price target of HK$71.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:2675

Asia18d ago

Korea Aerospace Q2 Profit Plunges 36%; Revenue Surges

Korea Aerospace Industries (KRX:047810) posted a 36% year-over-year decline in attributable net income to 35.9 billion won in the second quarter from 56.4 billion won.Sales surged 41% to 1.168 trillion won in the June quarter from 828.3 billion won, according to a Korea Exchange filing on Wednesday.

KRX:047810

Research18d ago

Huachuang Securities Starts Guilin Seamild Foods at Strong Buy with 25 Yuan Price Target

Guilin Seamild Foods (SHE:002956) has an average rating of buy and mean price target of 26.98 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

SHE:002956

Asia18d ago

HD Construction Equipment's Q2 Net Attributable Income Jumps 3,658%; Sales Up 152%

HD Construction Equipment (KRX:267270) posted a 3,658% year-over-year rise in net income attributable to shareholders of the parent to 180.4 billion won for the second quarter ended June 30 from 4.8 billion won.Sales jumped 152% to 2.434 trillion won from 967.7 billion won, according to a Wednesday filing with the Korea Exchange.Shares of HD Construction Equipment fell nearly 4% at market close.

KRX:267270

Research18d ago

Yuanta Securities Downgrades Want Want China to Hold from Buy; Price Target is HK$3.45

Want Want China (HKG:0151) has an average rating of overweight and mean price target of HK$4.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:0151

Research18d ago

Canaccord Genuity Upgrades Bellevue Gold to Buy from Speculative Buy; Price Target is AU$1.75

Bellevue Gold (ASX:BGL) has an average rating of buy and mean price target of AU$1.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:BGL

Asia18d ago

Mahindra & Mahindra to Sell Truck & Bus Business to SML Mahindra for INR5.25 Billion

Mahindra & Mahindra (NSE:M&M, BOM:500520) approved the transfer of its truck and bus division to subsidiary SML Mahindra (NSE:SMLMAH, BOM:505192) for 5.25 billion Indian on a slump sale basis.The transaction will involve the transfer of the business undertaking, including employees, assets, intellectual property, contracts, licenses and liabilities, under a business transfer agreement expected to be executed by Aug. 7, according to an Indian bourse filing on Wednesday.The proposed sale is expected to be completed by Jan. 31, 2027.SML Mahindra jumped over 20% in after-market hours while Mahindra & Mahindra fell nearly 2%.

BOM:500520BOM:505192NSE:M&MNSE:SMLMAH

Research18d ago

Morgans Financial Upgrades Whitehaven Coal to Buy from Accumulate; Price Target is AU$8.50

Whitehaven Coal (ASX:WHC) has an average rating of overweight and mean price target of AU$8.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:WHC

Research18d ago

Morgans Financial Upgrades Whitehaven Coal to Buy from Accumulate; Price Target is AU$8.50

ASX:WHC

Research18d ago

Daiwa Downgrades Nippon Shinyaku to Neutral from Outperform; Price Target is 3,600 Yen

Nippon Shinyaku (TYO:4516) has an average rating of hold and mean price target of 4,853.75 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:4516

Research18d ago

Huatai Research Starts Jinlei Technology at Buy with 27 Yuan Price Target

SHE:300443

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