- Solstice Advanced Materials reported second-quarter adjusted earnings of 88 cents per share, beating Wall Street estimates of 77 cents per share.
- The company raised its full-year earnings guidance to approximately $2.85 per share, up from its previous midpoint estimate of $2.60 per share.
- Microsoft reported strong cloud growth, sending its stock higher, though its results and Meta's results moved their respective share prices in opposite directions.
Quotes
“We surprised the market”
“no one has questioned the strategic rationale of the deal.”