Spotify shares fall 14% on revenue miss and weak guidance
Spotify released second-quarter results that missed analysts' estimates for revenue and offered weaker-than-expected guidance.
CNBC Earnings
Adidas shares up 6% after trimming 2023 loss forecast on strong Yeezy inventory sales
Initial sales of Yeezy stock following the termination of Adidas' partnership with rapper Ye have led it to cut its loss forecast to €450 million, from €700 million.
Chevron appoints Eimear Bonner as new finance chief and issues preliminary second-quarter earnings results
Chevron, the second-largest U.S. oil firm, reported second-quarter earnings late Sunday and announced plans for CFO Pierre Breber to retire in 2024.
Kenvue shares fall even as J&J spinoff beats estimates in first quarterly earnings since IPO
J&J still owns a 90% stake in Kenvue, meaning it can generally control the direction of the consumer health spinoff’s business for the time being.
United forecasts strong profits for bustling summer quarter, trims Newark schedule after disruptions
The airline expects a strong third quarter despite mass flight disruptions at its Newark hub this month.
Johnson & Johnson beats on earnings, hikes full-year guidance as medtech sales surge
The results come amid investor anxiety over the thousands of lawsuits claiming that J&J's talc-based baby powder and other products caused cancer.
American Airlines raises 2023 profit forecast after strong second quarter
Record revenue of $14.06 billion topped analysts' expectations and was up 4.7% from a year earlier.
Tesla shares dip after hours as earnings call disappoints
Tesla reported earnings after the bell. Here are the results.
TSMC reports first profit drop in 4 years as electronics demand slump continues
TSMC is the top producer of the world's most advanced processors, but demand for consumer electronics has plunged post-pandemic.
Netflix subscriptions jump 8%, revenue climbs as password sharing crackdown takes hold
Netflix reported second quarter earnings after the bell on Wednesday.
IBM reports earnings beat, but misses on revenue
IBM's data and artificial intelligence products showed the fastest expansion, growing 10% from a year earlier, the company said.
Carvana shares jump 40% on deal to reduce debt by $1.2 billion
Carvana said the agreement will eliminate more than 83% of Carvana's 2025 and 2027 unsecured note maturities and lower its required cash interest expense.
Goldman Sachs misses on profit after hits from GreenSky, real estate
Costly writedowns and a Wall Street slump weighed on Goldman Sachs results this quarter.
Critical chip firm ASML, caught in China export restrictions, posts 38% rise in profit
ASML said second-quarter net profit totaled 1.9 billion euros ($2.1 billion), marking a 37.6% year-on-year rise.
Bank of America tops analysts’ expectations amid higher interest rates
While analysts expected Bank of America to be one of the top beneficiaries of rising interest rates, it hasn't played out that way.
Morgan Stanley beats estimates on record wealth management revenue
Under CEO James Gorman, Morgan Stanley's reliance on wealth management has helped its steady earnings and boosted its valuation relative to peers.
Chinese property developer Evergrande posts $81 billion loss over the past two years
China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday.
UnitedHealth stock jumps after earnings top estimates despite rising medical costs
The results eased investor concerns after UnitedHealth Group flagged a surge in demand for non-urgent surgeries and outpatient services last month.
Wells Fargo beats estimates for second-quarter results, hikes guidance for net interest income
Wells Fargo beat Wall Street estimates on the top and bottom lines for the second quarter.
Citigroup posts better-than-expected earnings and revenue
Citigroup on Friday reported its second-quarter earnings.
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