A customer walks into a UPS store on July 05, 2023 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images United Parcel Service on Tuesday lowered its 2023 revenue forecast, hurt by softening e-commerce demand and an improved labor contract it offered to workers. UPS now expects 2023 consolidated revenue to be…
Alex Karp, CEO of Palantir Technologies, leaves a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 13, 2023. Kevin Dietsch | Getty Images Palantir reported a 13% increase in second-quarter revenue on Monday and issued a forecast for the current period that topped analysts’ estimates. Investors pushed…
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood Markets Inc. reported higher second-quarter revenue on Wednesday as interest rates continued to buoy the online brokerage’s interest income, achieving profitability for the first time as a public company even as it saw fewer users. Shares of the company, which was at the center…
Qualcomm president and CEO Cristiano Amon speaks about Qualcomm’s technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022. Steve Marcus | Reuters Qualcomm reported third-quarter earnings on Wednesday that beat Wall Street expectations, but revenue and guidance for the fourth quarter came up short. Qualcomm stock fell…
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019. Spencer Platt | Getty Images News | Getty Images Pinterest shares sank about 4% after the company’s second-quarter earnings report revealed expenses grew faster than revenue. Here’s…
Uber CEO Dara Khosrowshahi addresses the audience during the keynote at the start an Uber products launch in San Francisco, California on September 26, 2019. Philip Pacheco | Afp | Getty Images Shares of Uber rose 4% in premarket trading Tuesday after the company reported second-quarter results that missed analysts’ expectations for revenue but offered rosy guidance.…
The Mercedes-Benz high-performance 2007 R63 AMG model. Scott Olson | Getty Images News | Getty Images Daimler Truck achieved a record adjusted return on sales in its second quarter of 10.3% for its industrial business making trucks and buses, the company said on Tuesday, boosted by considerable growth in its North America and Asia business.…
The logo of Italian multinational oil and gas company is displayed on a fuel tanker truck parked outside an Eni petrol station in Cyprus’ capital Nicosia on September 9, 2022. Amir Makar | Afp | Getty Images Italian energy group Eni reported a 49% fall in its adjusted net profit in the second quarter because…
A sign outside a NatWest Group Plc bank branch in the City of London, UK, on Tuesday, July 25, 2023. Natwest is due to report first-half results on Friday, July 28. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images NatWest reported a jump in first half profit on Friday, as it…
Standard Chartered upgraded its annual profit forecast on Friday and set a new $1 billion share buyback after a strong first-half performance, as rising rates and a record financial markets business propelled the lender’s margins. StanChart, which earns most of its revenue in Asia, said statutory pretax profit for the first six months of the…
