ASM Q2 Earnings Meet Estimates, Shares Dip 5% on Revenue Miss

Avino Silver & Gold Mines Ltd. reported Q2 2026 progress on La Preciosa and the Avino mine, including an inaugural 127M silver-equivalent oz mineral reserve across three assets. The company said switching Mill Circuit 2 ahead of schedule lifted silver production 59%. It held $144M cash, repurchased 500k+ shares, and noted $5M provisional pricing headwinds and FX cost pressure.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) reported Q1 2026 results on May 13, citing record performance. Revenue rose to $39.4m (+109% YoY), with net income $15.9m ($0.09/diluted share) and adjusted earnings $24.3m ($0.14/share). Silver was 60% of revenue at $86.42/oz. The TSX accepted a buyback of up to 8,423,566 shares (~5%). Analysts raised targets: H.C. Wainwright to $13 and Roth Capital to $8.

Nucor (NUE) stock rose 2.6% in pre-market trading to $250, recovering from a recent selloff triggered by a US-Canada trade agreement that may lower tariffs on Canadian steel. The company reported Q2 2026 net earnings of $1.16 billion, or $5.04 per diluted share, up from $2.60 per share a year ago, and guided for higher Q3 earnings. Analysts maintain bullish price targets. US steel imports are down 30% year-to-date due to Section 232 tariffs, supporting domestic steel producers.

PulteGroup (PHM) stock rose 1.8% in pre-market trading after Wolfe Research upgraded it to Outperform, citing superior earnings durability. Wolfe's 2026 EPS estimate for PHM was revised down by only 2.7%, the smallest cut in its homebuilder coverage. Citizens maintained its Market Outperform rating and $145 price target, highlighting PHM's strategic focus on move-up buyers and active adult communities. PHM's Q2 2026 EPS of $2.48 beat estimates by 12 cents.

Picard Medical Inc. stock surged 43.9% in pre-market trading after reporting Q2 2026 revenue of $2.95M, exceeding expectations of $1.55M. The company also issued an investor presentation. The S&P 500, Nasdaq, and Dow were down slightly, indicating the rally was company-specific.

Elon Musk claims SpaceX and Tesla will surpass Wall Street's five-year revenue growth forecasts. SpaceX's revenue grew 92% YoY to $7.8B in Q2 2026, while Tesla's revenue rose 26% YoY to $28.24B. Analysts project SpaceX's revenue to surge 2,090% and Tesla's to increase 119% over five years. However, Musk's past predictions have often been delayed, raising investor skepticism. Both companies' stocks dropped after recent earnings due to high capital expenditures.