American Airlines recently revealed a significant slash in its profit forecast for the year. This decision came after a sales strategy backfired and an industry-wide oversupply of flights led to a necessity to offer seat discounts. The adjusted earnings per share for American Airlines this year are expected to fall between 70 cents to $1.30,
Earnings
Unilever shares experienced a notable increase on Thursday morning following the company’s announcement of an improved full-year margin guidance. The consumer goods giant also indicated that the spinoff of its ice cream business was progressing as planned, with an estimated completion date by the end of 2025. The initial boost in shares rose nearly 8%
Deutsche Bank faced a setback as it reported a loss in its recent financial quarter, breaking a 15-quarter profit streak. The net loss attributable to shareholders stood at 143 million euros, slightly lower than the predicted 145 million euros. This loss was primarily due to a provision made for an ongoing lawsuit over its Postbank
As Tesla prepares to report its second-quarter earnings, investors and analysts are keenly watching the numbers. Despite a challenging first half of the year, which saw Tesla reducing its workforce and experiencing a decline in vehicle deliveries, the company managed to exceed analyst expectations in some key areas. Tesla reported vehicle deliveries of 443,956 in
United Parcel Service recently reported its second-quarter profit and revenue, which fell below expectations. The company’s revenue guidance for 2024 was also revised downwards to approximately $93 billion, lower than the initial forecast of $94.5 billion. This unexpected outcome resulted in a 7% drop in the company’s shares during premarket trading. Additionally, UPS adjusted its
Ryanair, a budget airline based in Europe, recently announced a significant decline in its quarterly profit after tax. The company reported a 46% decrease in profit, with earnings dropping to 360 million euros from 663 million euros compared to the same period last year. This unexpected decline has had a ripple effect on the airline
Taiwan Semiconductor Manufacturing Company (TSMC) has once again exceeded revenue and profit expectations in the second quarter. With revenue of 673.51 billion New Taiwan dollars ($20.82 billion) and net income of NT$247.85 billion, TSMC has shown impressive growth compared to LSEG consensus estimates. The company’s net revenue rose by 40.1% from the previous year, showcasing
Volvo Cars experienced a significant increase in its operating profit for the second quarter, leading to a surge in its stock value by 7.11% by 9:04 a.m. London time. The core operating profit for the quarter reached 8.2 billion Swedish kronor, marking a 28% rise from the previous year. This exceptional performance was the highest
Nokia, a once dominant player in the telecom industry, has recently seen a significant decrease in its operating profit. In the second quarter of this year, the company reported a 32% drop in operating profit, mainly due to weak demand for its 5G equipment. This decline has caused Nokia’s Helsinki-listed stock to plummet by 8%
The recent speculation surrounding the Federal Reserve’s decision to lower interest rates has significantly impacted the stock market. With the CME FedWatch tool indicating a 100% likelihood of a rate cut by September, stocks have surged to new highs. This positive sentiment has been reflected in the performance of major indices like the Dow Jones