Apple supplier Foxconn's Q2 profit slips 1%, better than forecasts
The Taiwanese company, the world's largest contract electronics maker, said net profit for the April-June quarter slipped to T$33 billion from a revised T$33.29 billion in the same period the previous year.
Sony Q1 profit falls 30.6%
Profit for the April-June quarter was 253 billion yen ($1.77 billion). That compared with an average estimate of 256 billion yen from 11 analysts polled by Refinitiv.
Saudi Aramco Q2 profits drop 38% on lower prices
The 38 percent year-on-year decline "mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins," the largely state-owned company said in a statement published on the Saudi stock exchange.
Airbnb slides as bookings slow amid higher average prices
People booked 115.1 million nights and experiences on the home-rental platform in the second quarter, up 11% from a year earlier but the slowest pace of growth since the pandemic shutdowns.
Booking revenue beats estimates, sees record summer travel
The online travel company said revenue increased 27% to $5.46 billion, surpassing analysts’ average prediction of $5.17 billion.
Amazon and Apple beat earnings forecasts as they polish AI skills
"Inside Amazon, every one of our teams is working on building generative AI applications that reinvent and enhance their customers' experience," chief executive Andy Jassy said during an earnings call.
Qualcomm forecasts sales below estimates as smartphone slump persists
More broadly in China, a slower-than-expected economic recovery weighed on orders to Qualcomm. Smartphone shipments in the world's second largest economy were down 5% in the June quarter, Canalys data showed.
PayPal's weak margin eclipses upbeat spending outlook
Underwhelming margins at PayPal have been worrying analysts in recent quarters. The company's low-margin business products have grown strongly, while growth in its branded products has slowed due to increased pressure from competitors like Apple.
Cognizant projects revenue above estimates, CFO Jan Siegmund to retire in 2024
The company also said CFO Jan Siegmund would retire in early 2024.
Starbucks misses quarterly sales estimates, sees lasting China rebound
The world's largest coffeehouse chain has targeted its younger, wealthier U.S. customer base by launching new drinks and promoting food options that have helped drive up average customer sales.
HSBC says first-half pre-tax profits soared to $21.7 billion
The massive jump from $8.8 billion in the same period a year ago came as central banks around the world have ramped up borrowing costs to fight inflation, helping inflation lenders' income.
Panasonic Q1 profit rises 42%, in line with market expectations
Operating profit for the three months to end-June compared with an average estimate of 91.18 billion yen in a poll of 11 analysts by Refinitiv and a 63.7 billion yen operating profit in the same period a year earlier.
ArcelorMittal reports over 50% fall in net income in April-June
The company had posted a net income of USD 3,923 million in the corresponding period of last year.
Nestle CEO sees full-year revenue growth at high end of forecast
First-half revenue gained more than analysts expected as Nestle pushed prices of Purina pet food and KitKat chocolate bars higher.
LG Energy Solution Q2 profit jumps 136% on strong demand for EV batteries
The company, which supplies General Motors Co, Tesla Inc, and others, reported an operating profit of 461 billion won ($362.68 million) for the April-June period, versus 196 billion won a year earlier.
Samsung expects gradual global chip demand rebound in H2
"Looking to the second half of the year, the (memory chip) market is expected to gradually move toward stability considering increasing production cuts in the industry," the world's biggest memory chip and smartphone maker said in a statement.
Nissan Q1 net profit more than doubles on weaker yen
The news came as the Japanese giant said it had agreed to invest hundreds of millions of euros in the new electric vehicle venture of France's Renault as part of a reboot of their long-running alliance.
Hyundai Motor lifts full-year outlook as Q2 profit up 15%
The world's No.3 automaker by sales together with affiliate Kia Corp (000270.KS) forecast 2023 revenue would grow 14-15%, up from its January guidance of 10.5-11.5%, while its operating profit margin was upwardly revised to a range of 8-9% from 6.5-7.5%.
LG Display posts 5th consecutive quarterly loss
The Apple Inc supplier posted an 881 billion won ($689 million) operating loss for the April-June quarter versus a 488 billion won loss in the year-ago quarter.
Snap shares drop on softer Q3 outlook as app tries to revamp ads
Santa Monica, California-based Snap said it estimates third quarter revenue will be between $1.07 billion to $1.13 billion. Analysts were expecting revenue of $1.13 billion, at the top end of the guidance range.
Alphabet profit beats expectations, CFO Porat to assume new role
Alphabet's results were helped by steady demand for its cloud services and a rebound in advertising. The shares jumped 8% in after-hours trading.
Microsoft charges ahead with spending to serve AI demand
Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts the company's capital expenditures would continue rising each quarter throughout fiscal 2024.
Microsoft reports $20.1 billion quarterly profit as it promises to lead 'the new AI platform shift'
The software giant said its fiscal fourth-quarter profit was $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share.
Unilever shares gain as cooldown in inflation buoys sales
The British company reported a 7.9% rise in underlying second-quarter sales, beating analysts' average forecast of 6.4%, a company-provided consensus showed.
