New Oriental's shares surge as Q2 results beat expectations, driven by a 36.3% YoY revenue increase and solid growth in international education initiatives.
U.S. stocks traded higher, with the Nasdaq Composite gaining around 100 points on Wednesday.
Shares of Textron Inc. (NYSE: TXT) rose during Wednesday’s session following upbeat quarterly earnings.
Companies Reporting Before The Bell
• Freeport-McMoRan (NYSE:FCX) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion.
Key Takeaways:
East Buy fired its longtime chief Sun Dongxu after the chairman of its parent company sided with the company’s top online influencer in a dispute
Such disputes could become less common as livestreaming e-commerce platforms move away from costly and fickle human influencers to computer-generated virtual hosts
Companies Reporting Before The Bell
• Deutsche Bank (NYSE:DB) is estimated to report quarterly earnings at $0.52 per share on revenue of $7.65 billion.