Bristol Myers Squibb recently announced their second-quarter earnings and revenue, which exceeded expectations. The pharmaceutical giant reported a significant increase in revenue, leading to a surge in their stock price by nearly 8%. This positive momentum has allowed them to raise their full-year revenue forecast to an increase on the upper end of the low
Earnings
American Airlines recently made headlines after slashing its profit forecast for the year due to a backfired sales strategy. The airline giant now expects to earn an adjusted 70 cents to $1.30 per share this year, a significant drop from the $2.25 to $3.25 a share it had forecasted earlier. This unexpected decline has left
Unilever experienced a significant increase in share prices on Thursday, following the announcement of an upward revision in its full-year margin guidance. The consumer goods giant also provided an update on the progress of the spinoff of its ice cream business, which is expected to be completed by the end of 2025. Share prices surged
Deutsche Bank recently reported a net loss attributable to shareholders of 143 million euros, falling slightly short of analyst predictions. Much of this loss can be attributed to a 1.3 billion euro provision for an ongoing lawsuit regarding its Postbank division. This provision was expected, as the bank had previously flagged it. The lawsuit alleges
Tesla is gearing up to unveil its second-quarter earnings after the market closes on Tuesday. Analysts from LSEG have predicted that the company will report earnings per share of 62 cents and revenue of $24.77 billion. This comes after a turbulent first half of the year for Tesla, which saw a reduction in workforce and
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
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,