By Caroline Valetkevitch and Amanda Cooper NEW YORK/LONDON (Reuters) -Oil prices surged about 5% on Thursday after Washington imposed sanctions on major Russian companies over the Ukraine war, while major stock indexes edged higher as gains in U.S. and European energy shares helped to offset some lackluster earnings news. The sanctions, announced late Wednesday, were placed on major Russian suppliers Rosneft and Lukoil. The U.S. said it was prepared to take further action as it called on Moscow to agree ...

By Arsheeya Bajwa (Reuters) -IBM on Wednesday recorded a slowdown in growth in its key cloud software segment, overshadowing booming AI-driven demand for the company's new mainframe that pushed third-quarter sales and profit above market estimates. The company's shares were down 5% in extended trading. Slower growth in IBM's cloud segment, housed within its software unit, raised alarm bells across investors betting heavily on Big Blue's ability to benefit more from booming demand for cloud services, as ...

Group 1: Fastly (FSLY) - Fastly shares increased by 13.3% to close at $8.76, supported by high trading volume, compared to an 11.2% gain over the past four weeks [1] - The company is experiencing benefits from improved go-to-market execution, product expansion, and favorable pricing dynamics [1] - The consensus EPS estimate for the upcoming quarter has been revised marginally higher, indicating a positive trend that may lead to price appreciation [3] Group 2: CS Disco (LAW) - CS Disco's consensus EPS estimate for the upcoming report remains unchanged at -$0.06, consistent with the previous year's report [4] - CS Disco has a Zacks Rank of 3 (Hold), similar to Fastly [4] - CS Disco's stock closed 4.3% higher at $6.04, with an 18.2% return over the past month [3]

Core Insights - IonQ launched IonQ Federal on September 10, focusing on leveraging quantum computing technologies for U.S. government agencies and allies [1] - The new division aims to integrate existing government contracts, which exceed $100 million, to create more predictable revenue streams [2] - IonQ's market capitalization is approximately $16.5 billion, and the company specializes in trapped-ion quantum computers and related technologies [3] Financial Performance - In Q2 2025, IonQ reported revenue of $20.7 million, an 82% year-over-year increase, surpassing consensus estimates [6] - Despite strong revenue growth, the company reported a loss per share of $0.70, significantly worse than analyst expectations and the previous year's loss of $0.18 [7] - Operating expenses surged, particularly in R&D, which more than tripled, leading to a net loss of $177.5 million, up from about $37.6 million a year earlier [7] Stock Performance - IonQ's stock has experienced a volatile but largely upward trend, with a 654% return over the past 52 weeks [4] - The stock is currently down 1% from a recent high of $56.07, with year-to-date gains of 33% [4] - IonQ's stock is trading at a high valuation of 324 times forward sales compared to the sector median [5]

Core Viewpoint - Snowflake reported strong Q2 FY2026 earnings, exceeding market expectations, which led to a significant increase in its stock price by over 12.8% [1] Financial Performance - Revenue for Q2 FY2026 reached $1.0905 billion, representing a 32% year-over-year growth, surpassing market expectations of $1.04 billion [1] - Non-GAAP net income was $127.6 million, with adjusted earnings per share of $0.35, nearly double the same period last year and above the expected $0.27 [1] Future Guidance - For Q3 FY2026, Snowflake anticipates revenue of approximately $1.13 billion, better than the expected $1.12 billion [1] - The company raised its full-year revenue guidance to $4.395 billion, up from the previous estimate of $4.33 billion, and slightly above market expectations of $4.34 billion [1]

International Business Machines posted higher sales and profit in the second quarter as cloud software sales jumped and its consulting business rebounded https://t.co/lnPDlW4rCb ...