Earnings

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%
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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
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Adidas saw a significant increase in its stock value after revealing that it would be revising its full-year 2024 earnings guidance upwards. The German sportswear company announced that it expected its operating profit to hit approximately 1 billion euros, a substantial increase from the initial projection of 700 million euros. This news comes on the
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ASML recently reported its second-quarter earnings, surpassing both sales and profit expectations. Net sales came in at 6.24 billion euros, beating the expected 6.03 billion euros, while net profit reached 1.58 billion euros, surpassing the expected 1.43 billion euros. Despite a 9.5% decline in year-on-year net sales and an 18.7% drop in net income, the
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Bank of America announced on Tuesday that its second-quarter revenue and profit outperformed expectations, driven mainly by increased investment banking and asset management fees. The company reported earnings of 83 cents per share, surpassing the 80 cents per share estimate by LSEG, and revenue of $25.54 billion, higher than the $25.22 billion estimate. Despite a
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Burberry, a renowned British luxury brand, faced a significant blow as its shares plummeted over 15% following a disappointing first-quarter performance. The company issued a profit warning, replaced its CEO, and suspended its dividend, reflecting the severity of the situation. The recent trading slowdown has raised concerns about a potential operating loss for the first
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Citigroup’s second-quarter results have surpassed expectations, with earnings per share coming in at $1.52 compared to the expected $1.39 per share. Similarly, the revenue reported by the company was $20.14 billion, slightly higher than the expected $20.07 billion. This positive outcome was mainly driven by a rebound in Wall Street activity, reflecting a strong performance
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PepsiCo recently reported mixed quarterly results, with declining demand in North America for its drinks and snacks being a significant contributing factor. The company also narrowed its revenue outlook for the year, now anticipating organic revenue growth of only approximately 4%, which is a more conservative estimate compared to its previous forecast of at least
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