United Parcel Service recently reported their second-quarter profit and revenue, which fell short of expectations. The company also decided to adjust their 2024 revenue guidance, now expecting it to be around $93 billion, a decrease from the initial forecast of $94.5 billion. Additionally, the company announced a decrease in full-year capital expenditures, now expected to
Earnings
Ryanair, known as a budget airline, recently announced a 46% decrease in its quarterly profit after tax, causing shares to fall by 14.53%. This significant drop in profit came despite a 10% increase in passenger traffic to 55.5 million during the quarter. The profit after tax for the three months ending in June stood at
Nokia, the Finnish telecom firm, experienced a significant drop in its second-quarter operating profit, leading to a sharp decline in its stock value. The company reported a 32% decrease in operating profit, attributed to weak demand for its 5G equipment. This resulted in a loss of 8% in its Helsinki-listed stock, indicating investor concern about
Taiwan Semiconductor Manufacturing Company (TSMC) has reported better-than-expected revenue and profit figures for the second quarter. This comes as the demand for advanced chips used in AI applications continues to rise. TSMC’s revenue for the quarter stood at 673.51 billion New Taiwan dollars, surpassing the LSEG consensus estimate of NT$657.58 billion. Similarly, the net income
Volvo Cars recently saw a significant rise in their shares after reporting a substantial jump in annual operating profit for the second quarter. The core operating profit for the quarter reached 8.2 billion Swedish kronor, marking a 28% increase from the same period the previous year. This impressive figure, which excludes joint ventures and associates,
The stock market has seen a significant upward trend since the last monthly meeting in June. This can be largely attributed to the growing likelihood of the Federal Reserve lowering interest rates in the near future. Recent positive inflation data has further fueled this upward movement in the stock market, with the Dow Jones Industrial
Adidas stock saw a significant increase in value after the company made an announcement regarding its full year 2024 earnings guidance. The news came following better-than-expected preliminary results for the second quarter. As a result, Adidas shares rose by 4.42% at 9:07 a.m. London time. The German sportswear giant revealed that it now anticipates its
ASML has recently reported second-quarter earnings and sales figures that surpassed expectations, marking a significant achievement for the Dutch firm. Net sales amounted to 6.24 billion euros, exceeding the 6.03 billion euros that were initially projected. Similarly, net profit reached 1.58 billion euros, outperforming the expected 1.43 billion euros. Despite a 9.5% decline in net
Bank of America recently announced their second-quarter results, revealing that both revenue and profit exceeded expectations. The earnings per share came in at 83 cents, compared to the estimated 80 cents, while revenue reached $25.54 billion, beating the $25.22 billion estimate. Despite a 6.9% decrease in profit from the previous year, the company managed to
Burberry, the iconic British luxury brand, witnessed a significant hit to its shares as they plummeted over 15% in early trading on Monday. This drastic drop came after the company issued a profit warning, announced the replacement of its CEO, and decided to suspend its dividend. The 168-year-old fashion house stunned investors with the revelation