News: Stocks
Walmart Reports Strong Q2 Results with eCommerce Surge and Raised FY25 Outlook
Walmart Reports Strong Q2 Results with eCommerce Surge and Raised FY25 Outlook

Walmart Inc. (NYSE: WMT) has released its second quarter results for FY25, showcasing impressive growth across various sectors of the business. The global retail giant experienced substantial increases in revenue, operating income, and eCommerce sales, leading to a raised outlook for the fiscal year 2025.

Alibaba Announces June Quarter 2024 Results: Revenue Growth but Declining Profit
Alibaba Announces June Quarter 2024 Results: Revenue Growth but Declining Profit

Alibaba Group Holding Limited (NYSE: BABA, HKEX: 9988) has published its financial results for the quarter ending June 30, 2024. Despite a 4% increase in revenue year-over-year, the company faces several challenges, leading to a drop in net income and cash flow. Investors have shown concern as pre-market trading prices indicate a 2.6% drop following the earnings report.

Cisco Systems Surpasses Revenue Expectations in Q4 2024, Boosted by AI, Cloud, and Cybersecurity Investments
Cisco Systems Surpasses Revenue Expectations in Q4 2024, Boosted by AI, Cloud, and Cybersecurity Investments

Cisco Systems (NASDAQ: CSCO) reported impressive results for the fourth quarter of its fiscal year 2024, surpassing revenue expectations and demonstrating significant progress in its strategic areas of focus, particularly in AI, cloud, and cybersecurity.

Cisco Reports Strong Q4 FY 2024 Results, Shares Surge After Market by +5.7%
Cisco Reports Strong Q4 FY 2024 Results, Shares Surge After Market by +5.7%

Cisco Systems (CSCO) reported its earnings for Q4 and FY 2024 on August 14, 2024, revealing impressive financial performance despite challenges in the tech industry. Cisco’s growth, driven by AI, cloud, and cybersecurity investments, and a strong focus on software, led to a positive reaction from investors, with the stock price surging by +5.7% in after-market trading.

Cardinal Health Reports Strong Q4 and FY 2024 Results
Cardinal Health Reports Strong Q4 and FY 2024 Results

Dublin, Ohio, August 14, 2024 – Cardinal Health (NYSE: CAH) has announced its financial results for the fourth quarter and fiscal year 2024, showcasing significant growth in revenue, operating earnings, and profitability. The company also raised its guidance for fiscal year 2025, reflecting strong business momentum. Following this announcement, Cardinal Health's stock price rose by 6.18% in premarket trading, indicating positive market reception.

Tencent Music Q2 2024: Stock Drops 15% Amid Mixed Financial Performance
Tencent Music Q2 2024: Stock Drops 15% Amid Mixed Financial Performance

SHENZHEN, China, August 13, 2024 – Tencent Music Entertainment Group (TME), China’s leading online music and audio entertainment platform, announced its unaudited financial results for the second quarter of 2024. Despite reporting solid growth in online music services, the company's stock has experienced a 15% decline in response to the overall financial performance.

Sea Limited Q2 2024: Strong Growth in E-commerce and Digital Entertainment
Sea Limited Q2 2024: Strong Growth in E-commerce and Digital Entertainment

Singapore, August 13, 2024 – Sea Limited (NYSE: SE) has announced its financial results for the second quarter ending June 30, 2024. The company has demonstrated solid growth across all its business segments, maintaining the strong momentum from the first quarter.

The Home Depot Announces Q2 Fiscal 2024 Results and Updates Guidance
The Home Depot Announces Q2 Fiscal 2024 Results and Updates Guidance

ATLANTA, August 13, 2024 - The Home Depot®, the world's largest home improvement retailer, has released its financial results for the second quarter of fiscal 2024. The company reported a modest increase in total sales, alongside a revision of its fiscal 2024 guidance.

Starbucks Appoints Brian Niccol as New CEO, Effective September 2024
Starbucks Appoints Brian Niccol as New CEO, Effective September 2024

SEATTLE, August 13, 2024 – Starbucks Corporation (NASDAQ: SBUX) announced a significant leadership transition today.

Meta Platforms Reports Strong Q2 2024 Financial Results and Exciting Future Prospects
Meta Platforms Reports Strong Q2 2024 Financial Results and Exciting Future Prospects

MENLO PARK, Calif., July 31, 2024 (PRNewswire) — Meta Platforms, Inc. (Nasdaq: META) has announced impressive financial results for Q2 2024, ending June 30, 4. Mark Zuckerberg, Meta's founder and CEO, highlighted significant milestones, including the success of Meta AI and the Ray-Ban Meta AI glasses.

AMD Reports Strong Financial Results for Q2 2024
AMD Reports Strong Financial Results for Q2 2024

Santa Clara, Calif. – July 30, 2024 – AMD (NASDAQ) announced robust financial results for the second quarter of 2024, highlighting significant revenue and earnings growth. The company's revenue for Q2 2024 reached $5.8 billion, a 9% year-over-year increase, with a gross margin of 49%. AMD's GAAP operating income stood at $269 million, and net income was reported at $265 million, resulting in diluted earnings per share of $0.16. On a non-GAAP basis, the gross margin was 53%, operating income was $1.3 billion, net income was $1.1 billion, and diluted earnings per share was $0.69.

Microsoft Reports Strong Fourth Quarter Results Driven by Cloud Growth
Microsoft Reports Strong Fourth Quarter Results Driven by Cloud Growth

REDMOND, Wash. — July 30, 2024 — Microsoft Corp. has announced its financial results for the fourth quarter of fiscal year 2024, which ended on June 30, 2024. The company's performance has been robust, primarily driven by the strength of its cloud services.

PayPal Reports Strong Second Quarter 2024 Results and Raises Full-Year Guidance
PayPal Reports Strong Second Quarter 2024 Results and Raises Full-Year Guidance

PayPal Holdings, Inc. (NASDAQ: PYPL) has reported robust financial results for the second quarter ending June 30, 2024. The company demonstrated significant growth across key metrics, leading to an upward revision of its full-year guidance.

Merck Announces Strong Second-Quarter 2024 Financial Results
Merck Announces Strong Second-Quarter 2024 Financial Results

Merck & Co., Inc. has reported impressive financial results for the second quarter of 2024, highlighting significant growth and notable achievements. The company's total worldwide sales reached $16.1 billion, a 7% increase from the same period in 2023. Excluding the impact of foreign exchange, sales grew by 11%.

SoFi Technologies Reports Impressive Q2 2024 Financial Results
SoFi Technologies Reports Impressive Q2 2024 Financial Results

SoFi Technologies, Inc. (NASDAQ: SOFI), a leading digital financial services provider, announced its financial results for Q2 2024. The company reported net revenue of $599 million and a net income of $17 million, marking its third consecutive quarter of GAAP profitability. This outstanding performance highlights SoFi's commitment to innovation and growth.

CNA Financial Announces Strong Second Quarter 2024 Results: Increases in Net and Core Income
CNA Financial Announces Strong Second Quarter 2024 Results: Increases in Net and Core Income

July 29, 2024, Chicago, IL — CNA Financial Corporation (NYSE: CNA) has reported robust financial results for the second quarter of 2024, showcasing significant growth in both net and core income. The company announced a net income of $317 million, or $1.17 per share, a 12% increase from $283 million, or $1.04 per share, in the prior year quarter. Core income also rose 6% to $326 million, or $1.19 per share, compared to $308 million, or $1.13 per share, in the same period last year.

onsemi Announces Second Quarter 2024 Financial Results: Focus on Strategic Investments and Market Expansion
onsemi Announces Second Quarter 2024 Financial Results: Focus on Strategic Investments and Market Expansion

July 29, 2024, Scottsdale, AZ — onsemi (Nasdaq: ON) has announced its financial results for the second quarter of 2024, highlighting significant achievements and strategic initiatives. The company reported a notable increase in free cash flow of approximately $250 million year over year, underlining its commitment to driving growth and enhancing shareholder value.

McDonald’s Reports Second Quarter 2024 Financial Results: Global Sales Decline Slightly Amid Strategic Shifts
McDonald’s Reports Second Quarter 2024 Financial Results: Global Sales Decline Slightly Amid Strategic Shifts

July 29, 2024, Chicago, IL — McDonald’s Corporation (NYSE: MCD) today announced its financial results for the second quarter ended June 30, 2024. The global fast-food giant reported consolidated revenues of nearly $6.5 billion, marking a 1% increase in constant currencies compared to the previous year. Despite this, global comparable sales saw a decline of 1.0%, reflecting a challenging economic environment and strategic shifts within the company.

3M (MMM) Q2 2024 Earnings Call Highlights
3M (MMM) Q2 2024 Earnings Call Highlights

3M recently held its Q2 2024 earnings call, providing insights into its financial performance and future strategy. Here's a detailed overview of the key points discussed during the call.

Chipotle Announces Strong Q2 2024 Financial Results with Impressive Growth
Chipotle Announces Strong Q2 2024 Financial Results with Impressive Growth

Newport Beach, Calif., July 24, 2024 /PRNEWSWIRE/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) reported outstanding financial results for the second quarter ending June 30, 2024. The company highlighted significant growth and performance improvements across various metrics. Following the announcement, Chipotle's stock rose by 4.36% in after-market trading.