Danaher's second-quarter results beat analysts' expectations on both profit and revenue. CEO Rainer Blair cited "positive momentum" in Danaher's bioprocessing business and "strong performance" in molecular testing subsidiary Cepheid. Danaher affirmed its guidance that non-GAAP core revenue will decline by a low-single-digit percentage year-over-year. Danaher Corp. (DHR) beat analysts' expectations...

Danaher Stock Soars on Q2 Earnings Beat

Thermo Fisher Scientific reported a slight decrease in its quarterly revenue, which slid to $10.54 billion in Q2. The company released its latest earnings report Wednesday morning and while topline growth dipped, Thermo Fisher revised its full-year financial guidance. Part of that was due to Thermo Fisher’s net income being...

Thermo Fisher’s revenue dips 1% in Q2, but net income, EPS climb

Lockheed Martin (LMT) surpassed analysts' expectations with its second-quarter results Tuesday and raised its full-year outlook, sending shares higher. The defense and aerospace contractor lifted its full-year revenue projection to a range of $70.5 billion to $71.5 billion from its April guidance of $68.5 billion to $70 billion, and its earnings per share (EPS) guidance to $26.10 to $26.60 from $25.65 to $26.35.

Lockheed Martin Stock Climbs on Boosted Full-Year Guidance

LONDON - Pentair plc (NYSE:PNR), a global leader in water treatment solutions, reported a robust second quarter with earnings surpassing analyst expectations and an upward revision to its full-year guidance. The company's adjusted EPS for Q2 stood at $1.22, $0.08 higher than the consensus estimate of $1.14. Revenue also exceeded...

Pentair posts strong Q2 results, lifts full-year guidance

MONTREAL - Canadian National Railway (TSX:CNR) (NYSE: CNI) reported a dip in its stock price by 3.57% after the company released its second-quarter financial results, which fell short of analyst expectations. The railway giant posted adjusted earnings per share (EPS) of C$1.84, missing the analyst consensus of C$1.93. Revenue for...

CN shares slip 3.5% as FY guidance lowered, Q2 results disappoint

Shares of Nvidia (NASDAQ:NVDA) fell by more than 3% Wednesday after Tesla (NASDAQ:TSLA) CEO Elon Musk told investors on the company's earnings call after the close on Tuesday that they are "going to double down on Dojo," its supercomputer. Dojo is a supercomputer designed by the electric vehicle giant for...

Tesla's Musk says Dojo will be competitive, analyst says Dojo still 10 years away

TheWrap

The streamer has 33 million subscribers as it heads into the Olympics starting on Friday
The post Peacock Sheds 500,000 Subscribers, Comcast Earnings Dragged Down by Revenue Drop at Studios and Parks appeared first on TheWrap.

Peacock Sheds 500,000 Subscribers, Comcast Earnings Dragged Down by Revenue Drop at Studios and Parks

MILAN (Reuters) - Stellantis (NYSE:STLA) is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who...

Stellantis ready to axe brands and fix US problems, CEO says

Lockheed Martin's Q2 2024 results show impressive revenue growth and robust free cash flow. Revenue growth of 9% YoY, with Q2 2024 net sales reaching $18.1 billion. Free cash flow more than doubled, hitting $1.5 billion in Q2 2024. Updated full-year guidance reflects increased confidence in performance. Lockheed Martin Corporation,...

Lockheed Martin Reports Strong Q2 2024 Results

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

On Tuesday, Piper Sandler showed a positive stance on Microsoft Corporation (NASDAQ:MSFT), raising the tech giant's price target to $485 from $465, while maintaining an Overweight rating on the stock. The adjustment reflects the firm's optimism about Microsoft's cloud revenue growth prospects. The increase in the price target is backed...

Microsoft stock target raised to $485; Piper Sandler cites cloud revenue potential

SAN FRANCISCO - Wells Fargo & Company (NYSE: WFC) announced today that its board of directors has approved an increase in the quarterly common stock dividend. The dividend, set at $0.40 per share, is scheduled to be paid on September 1, 2024, to shareholders on record as of August 9, 2024. This marks a 14% hike from the previous dividend, representing an additional $0.05 per share.

Wells Fargo raises dividend to $0.40 per share

Keurig Dr Pepper's second-quarter earnings and revenue met Wall Street's expectations. The company's U.S. coffee division struggled, while its domestic refreshment division saw higher sales, thanks to price increases. The beverage giant also reiterated its full-year outlook. Shares of the company rose 5% in morning trading. Here's what the company...

Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales

While Albemarle Corp. has underperformed by -2.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALB fell by -57.65%, with highs and lows ranging from $217.77 to $90.02, whereas the simple moving average fell by -26.15% in the last 200 days.

Albemarle Corp. (ALB) produces promising results

PRAGUE - Czechoslovak Group (CSG), a leading industrial holding company, has confirmed its $2.15 billion offer to acquire The Kinetic Group from Vista Outdoor Inc . (NYSE:VSTO). The offer, which has received regulatory approval from U.S. authorities, including the Committee on Foreign Investment in the United States (CFIUS), is set to provide shareholders with a value-maximizing opportunity. Glass Lewis, a proxy advisory firm, has recommended that Vista Outdoor's shareholders vote in favor of the transaction at the upcoming special meeting on July 30, 2024.

CSG secures regulatory nod for Vista Outdoor bid

Investing.com -- Former New York Federal Reserve President Bill Dudley on Wednesday called for the Fed to cut rates as soon as next week amid recession concerns, reversing his long-held view for the U.S. central bank to persist with its higher for longer rate regime. "The facts have changed, so...

Fed's Dudley now calling for Fed rate cut next week amid recession concerns

Universal Music Group (AS:UMG), in which Bill Ackman’s Perishing Square Capital holds a significant stake, saw its shares crash more than 26% Thursday after releasing quarterly results. The company reported higher-than-expected second-quarter sales on Wednesday, however, this was offset by a slowdown in the subscription and streaming segment. UMG...

Bill Ackman's top stock UMG crashes 26% after results, Citi downgrades

Reuters

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Nestle, Unilever sales disappoint as consumers hunt for value

Alphabet published Q2 results yesterday and actually significantly outperformed Wall Street's sales and earnings targets. But the company indicated that operating income margins would be pressured in the third quarter. Long-term investors may want to treat today's pullback as a buying opportunity. Alphabet stock is falling despite great Q2 results....

Why Alphabet Stock Is Sinking Today

NewsBreak

Thermo Fisher Scientific earnings beat by $0.25, revenue topped estimates

Investing.com - Thermo Fisher Scientific (NYSE: TMO) reported second quarter EPS of $5.37, $0.25 better than the analyst estimate of $5.12. Revenue for the quarter came...

Thermo Fisher Scientific earnings beat by $0.25, revenue topped estimates

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