The iPhone maker’s recent quarter benefited from strong sales in its App Store and other services businesses.
Category: Company Reports
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Adidas Sheds Yeezy Shoes, Bringing in 400 Million Euros
The German sportswear company said it would donate €110 million of the proceeds to groups fighting antisemitism and racism.
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Fall in Bud Light Sales Puts Dent in Anheuser-Busch’s Earnings
Anheuser-Busch InBev is struggling in the United States after a conservative-led boycott of Bud Light, leaving other brands in the company’s portfolio to pick up the slack.
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BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.
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Uber Posts 14% Rise in Revenue as Growth Slows
The company’s growth decelerated as the rebound from the pandemic normalized and its freight business declined. It also swung to a profit.
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Exxon Reports Leaner Earnings in Second Quarter
The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
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Wall St. Pessimists Are Getting Used to Being Wrong
The S&P 500 is up about 20 percent this year, but some still warn that the future may not be as rosy as that implies.
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Ford’s Profit Jumped in Second Quarter
The automaker made more money on trucks and sport utility vehicles but reported bigger losses on electric vehicles.
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Volkswagen Seeks to Regain Edge in China as It Cuts Delivery Forecast
The German automaker lowered its outlook for deliveries and announced changes to its China strategy as it struggles to regain ground lost to other automakers.
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Shell Reports Sharply Lower Earnings as Energy Prices Ease
After a record-breaking profit last year, Shell’s quarterly earnings fell 56 percent. But the energy provider will increase dividend payments.
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Companies Keep Raising Food Prices, Affecting Fed’s Efforts to Tame Inflation
Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, complicating the Federal Reserve’s efforts to tame inflation.
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Microsoft Revenue Up 8% to $56.2 Billion in Latest Quarter
The company’s profit topped $20 billion as it pointed to strong interest in its artificial intelligence products.