Barclays reported a second-quarter net profit attributable to shareholders of £1.2 billion, which was slightly lower than the same period last year. The net interest income in the core UK units fell, leading to a decline from the £1.3 billion logged in the second quarter of 2023. However, the revenue for the latest quarter came
Earnings
Meta is set to announce its second-quarter earnings, which are highly anticipated in the tech industry. Analysts are predicting earnings per share of $4.73 and revenue of $38.31 billion. The company is expected to show sales growth of 20% from the previous year, as it continues to recover from a challenging 2022. Advertising revenue is
Boeing, a prominent aerospace manufacturer, recently reported a disappointing second-quarter performance, falling short of analysts’ expectations. The company announced a larger-than-expected loss per share of $2.90, compared to the estimated $1.97 per share. Additionally, Boeing’s revenue for the quarter was reported at $16.87 billion, lower than the projected $17.23 billion. This underperformance is primarily attributed
Procter & Gamble recently reported mixed quarterly results, but one significant highlight was the increase in the company’s volume for the first time in over two years. This rise in volume is crucial as it excludes pricing, providing a more accurate reflection of demand compared to sales. The company’s performance in the quarter was both
British petroleum company, BP, has reported a stronger-than-expected net profit for the second quarter. The oil and gas giant exceeded analyst expectations by posting an underlying replacement cost profit of $2.8 billion. This performance is particularly impressive considering the challenges faced, such as weak refining margins and lower oil trading results. Despite warning of lower
In a stark reminder of the challenges faced by automakers, Ford Motor experienced a significant drop in its shares last week, plunging more than 18% in a single day. While the company managed to steer clear of bankruptcy during the Great Recession, the recent freefall in shares has raised concerns about the formidable road ahead
Philips, a Dutch device maker, experienced a significant surge in its stock value by over 10.5% following the announcement of its second-quarter earnings report. This increase in share value reflected the company’s ability to outperform market expectations, drawing the attention of investors. The company reported a 2% rise in comparable group sales, reaching 4.5 billion
Heineken, a brewing giant, experienced a nearly 7% drop in its shares after reporting weaker-than-expected first-half profit growth. The company’s operating profit of 12.5% fell short of the consensus forecast of 13.2%, resulting in a decline in stock value. Beer sales increased by only 2.1%, missing the projected growth rate of 3.4%. Additionally, Heineken suffered
Bristol Myers Squibb recently reported its second-quarter earnings, surpassing expectations and raising its full-year guidance. The pharmaceutical giant saw an increase in revenue, with its full-year revenue forecast expected to be at the “upper end” of the low single-digit range. This positive development is a significant improvement from its previous guidance in April. In line
American Airlines recently announced a significant cut to its profit forecast for the year, citing a failed sales strategy as one of the main reasons. The airline had anticipated earning between 70 cents to $1.30 per share, a stark contrast to the initial forecast of $2.25 to $3.25 a share made earlier in the year.