International Results News

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.

Vodafone reports better revenue growth, appoints Luka Mucic as CFO

The European and African telecoms group also said it had appointed former SAP chief financial officer Luka Mucic to the same role at Vodafone, beginning on September 1.