Deutsche Bank, one of Germany’s biggest financial institutions, recently ended a 15-quarter profit streak with a loss that was narrower than expected. The bank reported a net loss of 143 million euros, which was slightly better than the predicted loss of 145 million euros. However, the provision made for an ongoing lawsuit related to its
Earnings
Tesla is gearing up to release its second-quarter earnings report, with analysts’ expectations set at an earnings per share of 62 cents and revenue of $24.77 billion. Despite facing challenges in the first half of the year, such as staff reductions and declining vehicle deliveries, Tesla managed to exceed analysts’ predictions in certain areas. The
United Parcel Service recently reported lower-than-expected profit and revenue for the second quarter of the year, causing shares to drop by 7% in premarket trading. The company also revised its 2024 revenue guidance downwards, now expecting it to be approximately $93 billion, compared to the previous forecast of $94.5 billion. Additionally, UPS announced that full-year
Ryanair, a leading budget airline, faced a significant setback as its quarterly profit after tax plummeted by 46% compared to the same period last year. The company reported a profit of 360 million euros in the three months ending in June, a stark decline from 663 million euros in the previous year. This decline was
Volvo Cars experienced a significant increase in operating profit for the second quarter, leading to a surge in its shares. The core operating profit for the quarter reached 8.2 billion Swedish kronor, marking a 28% increase from the previous year. This performance was historic for the company, with the highest-ever figure recorded for an individual
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations for the second quarter of the year. The company reported a revenue of 673.51 billion New Taiwan dollars (approximately $20.82 billion), surpassing the NT$657.58 billion expected by LSEG consensus estimates. Additionally, TSMC’s net income stood at NT$247.85 billion, outperforming the NT$238.8 billion LSEG SmartEstimate. This
Nokia, a Finnish telecom company, experienced a significant setback in its second-quarter operating profit. The company reported a 32% drop in operating profit, primarily attributed to weak demand for its 5G equipment. This led to a sharp decline in the firm’s Helsinki-listed stock, with an 8% decrease shortly after the market opened in London. The
The stock market has seen a significant uptrend since the last monthly meeting in June. With the current expectation of the Federal Reserve lowering interest rates, traders have been driving stocks to new highs. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all reached all-time highs. This optimism in the market has
Adidas recently announced an increase in its full-year 2024 earnings guidance, leading to a rise in its shares. The German sportswear company is now projecting an operating profit of around 1 billion euros, up from the previously expected 700 million euros. This positive outlook is based on better-than-expected preliminary results for the second quarter of
ASML, the Dutch semiconductor manufacturing equipment firm, has reported second-quarter earnings and sales that exceeded forecasts. The company’s net sales of 6.24 billion euros ($6.8 billion) surpassed the expected 6.03 billion euros, while net profit reached 1.58 billion euros compared to the anticipated 1.43 billion euros. Despite a 9.5% year-on-year decrease in net sales and