Stock Market Update: Automotive Prop REIT Reports Q2 Net $11.2M, Almonty Industries Posts Q2 Loss of $58.2M, Appili Therapeutics Reports Q1 Loss/Shr $0.01, and More

Several companies have reported Q2 earnings, including Automotive Prop REIT, Almonty Industries, Appili Therapeutics, Bonterra Energy, COSCIENS Biopharma, DeFi Technologies, East Side Games Group, Enthusiast Gaming, Exro Technologies, G Mining, Montage Gold, Patriot Battery Metals, Skeena Resources, Siyata Mobile, and SSR Mining. Companies expected to report earnings on Friday include 89bio Inc, AIM ImmunoTech Inc, Actinium Pharmaceuticals Inc, Advent Technologies Holdings Inc, Adverum Biotechnologies Inc, Astria Therapeutics Inc, Atara Biotherapeutics Inc, Bollinger Innovations Inc, Dawson Geophysical Co, and Drive Shack Inc.

The second quarter earnings season is in full swing, with companies reporting mixed results but overall positive surprises. Analysts expected the S&P 500 earnings to rise by 5% in Q2, but the actual growth rate is expected to be 10.3% [1]. This marks a significant uptick in earnings growth, indicating that companies have managed to navigate through the challenges posed by President Trump's tariffs, high stock valuations, and economic uncertainty.

Several high-profile companies have reported their earnings, including Tyson (TSN), AMD (AMD), Snap (SNAP), McDonald's (MCD), Disney (DIS), Uber (UBER), Lyft (LYFT), and Palantir (PLTR). Among these, Palantir's stock popped on a raised outlook for its Him's and Hers division, while other companies like Archer Aviation (ACHR) and Plug Power (PLUG) reported mixed results [2].

Archer Aviation reported a wider-than-expected loss, with adjusted earnings per share at -$0.36, missing analyst estimates of -$0.25 by $0.11. Despite this, the company maintained a strong liquidity position with $1.72 billion in cash and cash equivalents at quarter end [2]. Plug Power reported 21% year-over-year revenue growth to $174 million, driven by a tripling of electrolyzer sales to $45 million. However, the company remains mired in a $228.7 million net loss for the quarter [2].

Prairie Operating Co. (PROP) reported record production and earnings growth, with total revenue of $68.1 million, an increase of approximately 400% quarter-over-quarter. Net income attributable to common stockholders increased to $48.5 million, or $1.04 basic earnings per share, and adjusted EBITDA increased over 600% quarter-over-quarter [3].

Several other companies expected to report earnings on Friday include 89bio Inc, AIM ImmunoTech Inc, Actinium Pharmaceuticals Inc, Advent Technologies Holdings Inc, Adverum Biotechnologies Inc, Astria Therapeutics Inc, Atara Biotherapeutics Inc, Bollinger Innovations Inc, Dawson Geophysical Co, and Drive Shack Inc. These companies are expected to provide further insights into the current financial health of the market.

As the earnings season continues, investors and financial professionals will be closely monitoring the performance of these companies to gauge the overall health of the economy and make informed investment decisions.

References:
[1] https://sg.finance.yahoo.com/news/earnings-live-palantir-stock-pops-on-raised-outlook-hims--hers-tumbles-211017773.html
[2] https://www.ainvest.com/news/retail-investors-react-q2-earnings-reports-rigetti-plug-power-bigbearai-2508/
[3] https://www.morningstar.com/news/globe-newswire/9510887/prairie-operating-co-announces-second-quarter-2025-results