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Oracle reported record first-quarter revenue of $19.3 billion, up 30% year over year, with cloud infrastructure revenue up 121% to $7.4 billion. The company also completed a $20 billion equity issuance and guided Q2 revenue growth of 30% to 34%.
Academy Sports reported second-quarter sales of $1.6 billion, up 3%, with comps down 0.4%, and raised full-year EPS guidance to $6.05 to $6.45 while reaffirming sales growth of 3% to 5%.
John Wiley & Sons said Q1 Research publishing revenue rose 12%, while Learning revenue fell 20%. The company reiterated full-year guidance for mid-single-digit organic revenue growth, adjusted EPS of $4.60 to $5.05 and free cash flow of $205 million.
VersaBank said Q3 2026 brought record credit assets, revenue and net interest income, with net income up 53% year over year and total assets topping $7 billion for the first time.
VersaBank reported record Q3 credit assets, revenue and net interest income, with net income up 53% year over year and adjusted net income up 27%, driven mainly by its U.S. Structured Receivable Program.
Broadcom reported record Q3 FY 2026 revenue of $29.6 billion, with AI semiconductor revenue up 221% to $16.7 billion. It guided Q4 consolidated revenue to $34.8 billion and AI revenue to $21.7 billion.
New IRS guidance is aimed at making 401(k) rollovers easier, but financial professionals are warning savers to understand the consequences before moving retirement money into an IRA. The IRS issued the guidance Aug. 12 to "simplify, standardize, facilitate, and expedite" rollovers, while the CFP Board released a rollov
A potential U.S. ban on Chinese open-weight AI models could come at a massive cost to American businesses, as companies increasingly rely on lower-cost Chinese AI solutions, according to estimates from a researcher. Increase in Costs Increased costs from restrictions on Chinese open-weight AI models could add $3 billio