Earnings

Norway’s Government Pension Fund Global recently announced a staggering profit of 1.48 trillion kroner ($138 billion) for the first half of the year. This massive profit was primarily fueled by the robust returns on its investments in technology stocks. The fund, valued at 17.75 trillion kroner at the end of June, reported an overall return

Sergio Ermotti, the CEO of UBS, recently discussed his views on market volatility and the potential for increased intensity in the second half of the year. He pointed out that while there is a possibility of a slowdown in the U.S. economy, he does not believe a recession is imminent. The sharp sell-offs experienced in

Home Depot, the leading home improvement retailer, recently reported quarterly results that exceeded expectations. However, the company also issued a caution that sales in the latter part of the year might be weaker than anticipated. This warning was attributed to the impact of high interest rates and consumer uncertainty, which have both contributed to a

HelloFresh, a German meal kit company, recently announced its second-quarter financial results, reporting a better-than-expected profit. The company’s adjusted earnings before interest, tax, depreciation, and amortization stood at 146.4 million euros for the three months ended June 30, surpassing analysts’ forecasts. Despite a slight decrease from the same period last year, HelloFresh’s revenue increased by

On Monday, the U.S. stock market showed mixed performance, with the S & P 500 and Nasdaq Composite posting gains while the Dow Jones Industrial Average was slightly lower. This fluctuation was attributed to the anticipation of major inflation data later in the week. Investors are awaiting the producer price index (PPI) reading for July

Under Armour recently released its fiscal first quarter results, which showed a decline in sales across its business. Despite this, the company managed to beat Wall Street’s expectations both in terms of earnings per share and revenue. This unexpected positive outcome resulted in the company’s stock price surging by 17% in early trading. The earnings

Restaurant Brands International reported quarterly revenue that surpassed analysts’ expectations, driven by the impressive sales numbers from Tim Hortons and the company’s international restaurants. CEO Josh Kobza acknowledged that while the absolute top-line results were not as high as expected, the company continued to outperform key competitors in its largest markets. This signifies a strong

E.l.f. Beauty, a major cosmetics retailer, once again impressed investors by surpassing quarterly estimates with a remarkable 50% surge in sales. The company’s revenue reached $324.5 million in its fiscal first quarter, leading to an upward revision of its full-year guidance. This exceptional growth follows a staggering 76% increase in the same quarter the previous

In a surprising turn of events, Eli Lilly reported second-quarter earnings and revenue that completely shattered expectations. The company not only exceeded projections but also raised its full-year revenue outlook by $3 billion. This unexpected boost in revenue was primarily driven by the exceptional sales performance of their blockbuster diabetes drug Mounjaro and weight loss

Siemens, a German industrial technology giant, recently announced a better-than-expected quarterly operating profit, totaling 3 billion euros ($3.3 billion) for the quarter ending in June. This figure represents an 11% increase from the same quarter the previous year, surpassing analyst predictions. Despite this positive outcome, comparable orders dropped by 15% year-over-year, reaching 19.8 billion euros.