Second-quarter
Coverage of Second-quarter in the Nexus archive.
- Crypto generated about 1% of Webull’s record $198M Q2 revenue
Webull reported a record $198 million in second-quarter revenue. However, revenue generated from cryptocurrency trading accounted for only about $2.25 million of the quarter’s total revenue stream.
- Hong Kong Exchange Posts Record Earnings on IPO, Trading Boom
Hong Kong’s stock exchange posted record earnings, surpassing market estimates. This success was attributed to robust trading volumes and a jump in initial public offerings, resulting in a 21% rise in second-quarter net income.
- Japanese second-quarter growth weaker than expected
Japanese second-quarter growth was weaker than expected. This slowdown occurred as households and businesses pulled back during the worst months of the Iran energy shock.
- Quantinuum posted its first earnings since going public — revenue beat but losses widened
Quantinuum posted its first earnings since going public, reporting $8 million in second-quarter revenue, which represents a 279% increase year over year. Despite the significant revenue beat, the company reported that its GAAP net loss swelled to $597 million.
- Rocket Lab's revenue surged but losses were wider than expected, sinking the stock
Rocket Lab reported a significant revenue surge of $234 million in the second quarter, marking a 62% increase year over year. However, the company also posted per-share losses that were wider than expected.
- Celsius Shares Slump as Namesake Brand Sales Tumble
Celsius Holdings Inc.'s shares declined after the energy drink maker reported that its second-quarter sales missed expectations. The slump was further attributed to a drop in sales of the company's namesake brand.