International Companies
Eli Lilly hikes guidance as obesity drug sales soar
Eli Lilly significantly raised its full-year revenue forecast by $3bn on Thursday, after reporting a strong second quarter driven by the robust performance of its blockbuster weight loss and diabetes drugs Zepbound and Mounjaro.
Howard Hughes Holdings confirms potential offer from Pershing Square
Real estate firm Howard Hughes Holdings said on Thursday that it had received a potential takeover offer from billionaire Bill Ackman’s Pershing Square Capital Management.
Siemens Q3 profits jump as electrification demand rises
German industrial technology conglomerate Siemens held on to full-year guidance on Thursday after posting a big jump in third-quarter profits.
Allianz beefs up buyback plan after record first half
German insurance and asset management titan Allianz has expanded its share buyback plan this year by 50% after announcing record profits in the first half.
Deutsche Telekom upbeat on strong second-quarter
Deutsche Telekom has reported a strong second quarter on Thursday, continuing its steady growth trajectory.
CVS Health lowers guidance after mixed second quarter
CVS Health Corporation revealed a mixed second-quarter performance on Wednesday, as well as a downward revision to its full-year earnings guidance due to continued pressure in its health care benefits segment.
Disney's theme parks drag on third quarter results
Walt Disney reported a mixed third-quarter performance on Wednesday, driven by significant growth in its streaming business, offset by challenges in its theme park operations.
Bansk Group to buy PetIQ in $1.5bn deal
PetIQ said on Wednesday that it has agreed to be bought by New York-based private investment firm Bansk Group in a $1. 5bn deal.
Evotec tumbles after profit warning
Evotec tumbled on Wednesday after the German biotech firm warned on profits.
Lyft futures plummet despite surprise Q2 profit, as guidance disappoints
Lyft announced its first-ever quarter in the black on Wednesday on the back of a record number of rides, but shares tanked in pre-market trading as guidance for the current quarter disappointed investors.
Tesla to recall 1.7m cars in China over bonnet latch problem
Tesla is to issue a software update to nearly 1. 7m cars in China to fix an issue with the bonnet latch that affected a similar number of vehicles in the US last month.
SoftBank unveils share buyback as losses narrow
Technology investing giant SoftBank Group reported a significant reduction in losses for its fiscal first quarter on Wednesday, alongside a bold plan to repurchase up to $3. 4bn worth of its shares.
Siemens Energy posts Q3 profit, hikes FY free cash flow guidance
German gas and power business Siemens Energy upped its free cash flow guidance for the second time in three months on Wednesday amid stronger demand for its power grid technology and gas turbines.
Puma narrows full-year profit guidance, shares tank
Puma tanked on Wednesday as the sportswear maker narrowed its full-year core profit forecast, noting that macroeconomic and geopolitical challenges were weighing on consumer sentiment.
Commerzbank plans big share buyback despite profit dip
Commerzbank, Germany's second-largest listed bank, announced a 4. 8% decline in second-quarter net profit on Wednesday, reporting earnings of €538m compared to €565m in the same period last year.
Maersk upgrades guidance after strong second quarter
Maersk reported a significant improvement in its second-quarter financial performance on Wednesday, driven by strong volume growth across all of its business segments.
Novo Nordisk lifts sales outlook but Q2 profits miss the mark
Shares in Novo Nordisk slumped in Copenhagen on Wednesday after the Danish pharma group missed forecasts with its second-quarter profits and cut its earnings guidance for the full year.
Caterpillar beats profit forecasts despite revenue fall
Caterpillar announced a mixed set of second-quarter results on Tuesday, marked by a slight decline in revenue but a solid profit margin.
Uber beats expectations with strong second-quarter growth
Ride-hailing and delivery giant Uber Technologies reported a strong set of second-quarter results on Tuesday, surpassing Wall Street expectations and showing significant year-over-year growth across its key business segments.
Monte dei Paschi upgrades profit outlook and payout ratio
Shares in Monte dei Paschi rose strongly on Tuesday after the Italian bank upgraded its payout ratio following a strong second quarter, and signalled it was close to selling its French arm MP Banque.