Meta, formerly known as Facebook, is scheduled to release its second-quarter earnings report after the closing of regular trading on Wednesday. According to analysts, the projected earnings per share is $4.73, with an expected revenue of $38.31 billion. Wall Street anticipates a 20% sales growth from the previous year, aiming for $32 billion, as Meta’s
Earnings
Boeing, a well-known aircraft manufacturing company, recently released its second-quarter report, showing a larger loss and weaker revenue than anticipated by analysts. The company continues to face challenges in both its commercial airplane and defense programs, leading to a need for strategic changes to regain stability. In the second quarter, Boeing reported a loss of
Procter & Gamble recently reported its quarterly results, revealing a mixed bag of performance. However, one positive highlight was the increase in the company’s volume, marking the first growth in more than two years. By focusing on volume, which excludes pricing, P&G gains a more accurate representation of consumer demand compared to sales figures. In
British oil giant BP exceeded analyst expectations by reporting an underlying replacement cost profit of $2.8 billion for the second quarter. This result was higher than the predicted $2.6 billion, showcasing the company’s ability to perform well in a challenging market environment. Additionally, BP raised its dividend by 10%, demonstrating confidence in its financial performance
The recent plummet in Ford Motor’s stock prices has sent shockwaves through the automotive industry, reminiscent of the Great Recession. While Ford managed to steer clear of bankruptcy during that tumultuous time, the current scenario points towards an uphill battle for automakers in the United States. The market, traditionally a profit engine for most automakers,
Heineken’s shares suffered a significant blow as they opened nearly 7% lower due to disappointing first-half profit growth. The company’s stock plummeted by 7.9% during trading hours in London, causing concern among investors. Operating profit, which was anticipated to show organic growth of 12.5%, fell short of expectations at 13.2%. Beer sales, estimated to grow
Philips, the Dutch device maker, experienced a significant increase of over 10.5% in its shares during early trading on Monday. This surge came as a result of the company reporting second-quarter earnings that surpassed expectations. Despite a slight reduction in gains later on, the shares were still up by 10.4% by 8:50 a.m. London time.
In the second quarter of the year, Bristol Myers Squibb reported earnings and revenue that exceeded expectations. The pharmaceutical giant raised its full-year revenue forecast, indicating a positive trajectory for the company’s financial performance. The increase in revenue is projected to be in the upper end of the low single-digit range, showcasing a strong outlook
American Airlines recently announced a significant cut to its profit forecast for the year, attributing the reduction to a failed sales strategy and an oversupply of flights in the industry. The airline now expects to earn between 70 cents to $1.30 per share, a substantial decrease from the initial forecast of $2.25 to $3.25 per
Unilever’s shares experienced a significant increase on Thursday morning, following the company’s announcement of raising its full-year margin guidance and confirming the progress of the spinoff of its ice cream business. The share price surged by nearly 8% initially, but later stabilized around a 5.45% gain by mid-morning in London. In the first-half results published