Volkswagen Lowers Delivery Targets as Supply-Chain Issues Persist
The German car giant said logistics bottlenecks are shifting from semiconductor shortages to transportation delays.
Shell Earnings Drop From Record, Fall Short of Hopes
Shell reported a steep drop in its second-quarter adjusted earnings to $5 billion, but cash flow from operations improved 7%, and it said it has launched a $3 billion buyback.
Nestlé Raised Prices More Than 9% in First Half of the Year
The world’s largest packaged food company said price hikes boosted sales and profitability, joining other consumer goods companies.
BNP Paribas Second Quarter Beats Consensus
BNP Paribas posted a lower net profit of EUR2.8 billion in the second quarter, as a number of one-off exceptional costs weighed, and said it would launch its second EUR2.5 billion buyback tranche in August.
TotalEnergies Misses Forecasts; Details Buyback
UPDATED: TotalEnergies reported a 49% drop in its adjusted net profit to under $5 billion, in a second quarter marked by a softening oil and gas environment, but said it planned a $2 billion buyback in the third quarter.
Samsung Electronics’ Second-Quarter Net Profit Beats Consensus
Samsung Electronics posted above-consensus earnings despite an 84% drop in second-quarter net profit, as the South Korean tech giant sees the memory-chip industry passing through a trough.
Macquarie Flags Softer Trading Conditions
Macquarie Group, Australia’s biggest investment bank and asset manager, said trading conditions softened in the first quarter of the 2024 fiscal year.
Fortescue Quarterly Iron-Ore Shipments Fall; Exports Set to Rise
Fortescue Metals said full-year iron-ore shipments rose by 2%, despite a dip in fourth-quarter volumes, and forecast exports to rise in the year ahead.
Netflix Reworks Microsoft Pact and Lowers Ad Prices
The streaming company is asking advertisers for patience as it tries to jump-start its $6.99 a month ad tier.
Bud Light Brewer Lays Off Hundreds of U.S. Workers
Anheuser-Busch restructures its corporate offices amid controversy and sales slump.
Source: Dow Jones Newswires