Philips Nudges Up Targets as Profits Rise
Philips posted earnings of EUR681 million in the second and said it expected an adjusted Ebitda margin at the upper end of the high-single-digit range for 2023 and mid-single-digit comparable sales growth.
Vodafone Service Revenue Improves, Keeps Outlook
Vodafone reported group service revenue growth of 3.7% in the first quarter and reiterated its fiscal 2024 earnings guidance.
Ryanair Tops Forecasts But Cuts Traffic Guidance
Ryanair posted a net profit of EUR663 million for the first quarter but cautioned that traffic for fiscal 2024 is expected to be lower than previous guidance due to Boeing delivery delays.
Posco Holdings’ Second-Quarter Net Profit Fell 57%
Posco Holdings’ second-quarter net profit fell 57% from a year earlier but remained on track for recovery after a profit turnaround in the previous quarter.
Chevron Waives Retirement Age for CEO Mike Wirth
The oil giant reported higher-than-expected profit in the second quarter.
Musk Says Twitter Will Change Its Logo to X
The billionaire owner of Twitter says the social media platform will do away with its longtime blue bird logo.
Schools Sue Social-Media Platforms Over Alleged Harms to Students
Facebook, TikTok, Snapchat and YouTube seek to dismiss federal suits, citing internet liability shield.
AT&T, Verizon Investors Have More Than Lead Cables to Worry About
Telecom stocks have sagged under heavy debt and concerns about slowing growth.
Big Pharma Bets Big on China
China remains attractive to global pharmaceutical companies even as many multinationals shift their focus elsewhere.
Why GE Shares Are Hotter Than Apple, Meta or Tesla
Stock more than doubles from a year ago as the conglomerate continues its breakup into three companies.
Source: Dow Jones Newswires