Earnings
Sony’s profits between April and June slipped 17%, as worries grew about revenue damage from a strike in the movie sector.
Japanese technology company SoftBank Group continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn.
Saudi state-run oil giant Aramco has made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year.
Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion.
Stocks that traded heavily or had substantial price changes on Friday: Amazon, Booking Holdings rise; Apple, Monster Beverage fall
Business Highlights: A summary of the day’s top stories in the business world.
Apple eked out slightly higher profit even though sales dipped during its latest quarter. The period included the iPhone maker becoming the first publicly held U.S. company to be valued at $3 trillion.
Airbnb says its second-quarter profit rose more than 70% from a year ago to $650 million thanks to strong bookings for summer-vacation rentals.
Big technology companies provided the energy for most of broader market’s sharp ascent in 2023 and their latest financial reports so far justify that confidence from investors.
Bud Light’s parent company expressed confidence Thursday that its U.S. market share has stabilized after a promotion with a transgender influencer cost it sales.
Nintendo is reporting a 52% increase in profit for the first fiscal quarter following the success of its Super Mario movie and the new Zelda video game.
Stocks that traded heavily or had substantial price changes on Wednesday: Electronic Arts, Generac fall; Humana, CVS Health rise.
JetBlue shares are losing altitude as the airline warns that third-quarter and full-year results will be worse than it had previously expected.
Energy giant BP says it earned nearly $2.6 billion in the second quarter. That’s almost half what it posted in the first three months of the year as oil and natural gas prices that surged after Russia’s invasion of Ukraine have fallen.
Toyota’s profit for the first fiscal quarter jumped to 1.3 trillion yen, or $9 billion, hitting a quarterly record for Japan’s top automaker.
Starbucks reports its third-quarter financial results after the bell on Tuesday. Amazon issues its latest quarterly earnings report after the bell on Thursday.
Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.
The costs associated with Norfolk Southern’s fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits.
Southwest Airlines is reporting a $683 million profit for the second quarter, and revenue is a quarterly record as planes are packed during the peak summer travel season.
Volkswagen has seen after-tax earnings fall by 20% in the first half of the year from the same period last year.
Union Pacific has hired the CEO candidate favored by a hedge fund that’s been pressuring the railroad to improve.
Boeing is reporting a $149 million loss for the second quarter despite higher revenue, as the plane maker struggles with higher costs in both its airline and defense business.
Stellantis CEO Carlos Tavares has dangled a potential relaunch of a shuttered Illinois factory if it can be made more competitive as the United Auto Workers Union says a strike is possible.
Nissan and Renault have redefined their French-Japanese auto alliance to establish more equal cross-shareholdings.
Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology.
American Express saw its profit and revenue climb in the second quarter, but the credit card issuer and global payments company’s stock slipped before the market open as it set aside more money for possible defaults on payments.
Fewer shipping container deliveries this spring slowed railroad CSX’s second-quarter profit and offset a sharp increase in shipments of automobiles.
Drops for Tesla, Netflix and other big tech-oriented stocks are clamping the brakes on Wall Street’s torrid rally.
American Airlines reported a $1.3 billion profit for the second quarter, continuing the run of strong results from the nation’s airlines.
Elon Musk’s big bet that Tesla price cuts can boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results.