A rebound in performance at the Geico car insurer helped offset declines in the conglomerate’s freight railroad business.
Category: Company Reports
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Big Tech Rebounds and Preps for Transformative A.I. Investments
As the tech giants found their financial footing last quarter, they doubled down on artificial intelligence, which has been a boon to companies like Nvidia.
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Shares of Carl Icahn’s Firm Tank After Dividend Is Cut
Bowing to pressure from a short seller, Mr. Icahn halved his company’s quarterly dividend and said he would return to the style of investing that made him famous.
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Apple’s and Amazon’s Report Cards for the Global Economy
The companies’ latest earnings reports provide insight into the state of consumers and businesses, including where they’re willing to spend — and cut costs.
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Amazon Posts 11% Rise in Revenue as Growth Improves
The retailer also swung to a profit in the second quarter.
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Apple Revenue Drops 1% but Tops Wall Street Expectations
The iPhone maker’s recent quarter benefited from strong sales in its App Store and other services businesses.
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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.