Investing.com -- Northrop Grumman Systems Corp. received a $4.84 billion contract from the U.S. Army for full rate production of the Common Infrared Countermeasure system, the Department of Defense announced Tuesday.
The firm-fixed-price, indefinite-delivery/indefinite-quantity contract runs through Sept. 30, 2035. The Rolling Meadows, Illinois-based company was the sole bidder for the contract.
Work locations and funding will be determined with each order placed under... (continue reading...)
Investing.com -- GameStop Corp. (NYSE: GME) reported second quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.27 beating the consensus estimate of $0.19. Revenue of $790.2 million also surpassed the analyst estimate of $756.8 million, though it declined 18.7% YoY from $972.2 million in the prior year's second quarter.
The revenue decline was primarily attributed to the prior-year launch of Nintendo Switch 2, planned store... (continue reading...)
Investing.com -- Braze Inc (NASDAQ: BRZE) reported second quarter results that exceeded analyst expectations but issued third quarter earnings guidance that fell short of estimates, sending shares down 10% in after-hours trading Tuesday.
The customer engagement platform reported adjusted EPS of $0.19 for the second quarter, beating the analyst estimate of $0.15 by $0.04. Revenue reached $227.2 million, surpassing the consensus estimate of $220.23 million and... (continue reading...)
Investing.com -- Meta Platforms (NASDAQ: META) shares saw a choppy trading session—initially popping 1% before sliding into the red—following the reveal of Muse, a proactive personal AI agent built to execute digital chores on your behalf.
Powered by Meta’s new real-world task model, Muse Spark, the agent goes far beyond standard chatbots. Muse acts as an autonomous digital proxy that can independently send emails, book travel arrangements, and complete web forms.... (continue reading...)
Investing.com -- OpenAI released ChatGPT Images 2.5 on Tuesday, introducing improvements to image quality, editing precision, and generation speed for its image creation tools.
The company said users generate more than 3 billion images weekly across ChatGPT Images and GPT-Image models in the API. The new version reduces image generation time by up to 50% compared with Images 2.0.
Images 2.5 produces more natural lighting and richer textures, according to OpenAI. The model... (continue reading...)
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