AB InBev Earnings Beat Hopes Despite Drop in US Volumes
Anheuser-Busch InBev reported normalized earnings of $4.9 billion, slightly above forecast, as organic revenue grew 7.2%, and despite a steep drop in North America volumes.
Lufthansa Profits Boosted by Air Travel Demand
Lufthansa’s second-quarter adjusted earnings almost tripled to EUR1.1 billion on a 17% rise in revenue, but said that despite continued high demand, supply-chain snags and air traffic control bottlenecks would weigh on capacity for the year.
Adidas Cuts Forecast Loss as China Leads Rebound
Adidas was back in profit in the second quarter, helped by a recovery in China and easing of inventories, and forecast a narrower operating loss for the year of EUR450 million.
Société Générale Profit Tops Hopes But Revenue Disappoints
Société Générale swung to a second-quarter net profit from a year earlier but saw its revenue fall on lower net interest margin in France and a less conducive global banking environment.
Meta’s Ray-Ban Smart Glasses Fail to Catch On
The company plans the release of the second generation as less than 10% of the devices purchased are used monthly, an internal company document shows.
DoorDash Order Frequency Hits New High as Delivery Demand Stays Strong
The company said consumers spent more on deliveries of food and household essentials.
Bud Light’s Struggles Cast a Shadow Over Its Sunny Summer Ad Campaign
Bud Light has continued losing ground with consumers during a busy season for the beer industry even as the brand runs its biggest ever summer advertising campaign.
Carlyle Falls to a Loss as Revenue Drops
The private-equity firm said the second-quarter loss was driven by dilution of its stake in reinsurer Fortitude.
Qualcomm’s stock loss accelerates after hours as revenue growth is tied to smartphone and China recovery
Qualcomm shares declined further in Wednesday’s extended session as the chip maker’s forecast was on the low side of Wall Street estimates.
Robinhood puts up a surprise profit, but monthly active users – and shares – fall
Robinhood Markets Inc. on Wednesday reported second-quarter results that beat expectations.
Source: Dow Jones Newswires