Procter & Gamble Profit Falls; Gives Soft Fiscal-Year Outlook
Fourth-quarter profit fell to $3.04 billion, driven by higher selling, general and administrative costs, which more than offset a slight uptick in sales.
----
GE HealthCare Posts Higher Profit, Revenue on Increased Orders
GE HealthCare Technologies notched higher profit and revenue in the second quarter, boosted by increased orders across the business.
----
Boston Scientific Cuts Outlook Ahead of Restructuring
Boston Scientific logged higher second-quarter results and cut its full-year outlook as it begins a new restructuring plan announced earlier this week.
----
Humana Cuts Outlook Again on Lower Medicare Ratings
Humana cut its earnings outlook for the year, as the company continues to face earnings headwinds from lower Medicare Advantage Star Ratings for 2026.
----
BMW Aims to Cut 8,000 Jobs as China Woes Mount
The potential cuts come a month after the German carmaker slashed its sales and profitability guidance amid fierce competition in China.
----
Vans-Owner VF Raises Sales Guidance after Quarterly Loss Narrows
The apparel company now expects full-year revenue to grow by at least 2% on a constant-currency basis, up from its previous target of 1% to 2%.
----
Bausch + Lomb Upgrades Full-Year Outlook on Strong Quarter
The eye health company raised its full-year guidance across the board, bumping its revenue target up by $20 million to a new range of $5.44 billion to $5.54 billion.
----
Grant Thornton Advisors to Buy CBIZ for $3 Billion
Professional services adviser CBIZ has agreed to be taken private by Grant Thornton Advisors in a nearly $3 billion cash deal.
----
Glencore's Traders Gain as Iran Conflict Upends Commodities Markets
Its marketing division was set to report adjusted earnings of around $3.3 billion, compared with $1.4 billion a year ago when U.S. tariff policy uncertainty weighed.
----
Biogen Cuts FY Adjusted View as Profit Declines
Biogen's second-quarter profit plummeted and the biopharmaceutical company cut its full-year adjusted earnings forecast.
----
ADP Targets More Gains Ahead After Quarterly Growth
Automatic Data Processing said its revenue and earnings should keep rising in fiscal 2027 after its latest completed quarter saw growth in both its employer services and human resources outsourcing businesses.
----
General Dynamics Posts Higher Profit, Revenue
General Dynamics reported higher profit and revenue in the second quarter, as performance improved across all of the company's lines of business.
----
Bunge Raises Outlook on Soybean, Softsead Outperformance
Bunge Global raised its earnings outlook after strong performance in its soybean and softseed businesses drove second-quarter sales up nearly 90%.
----
Hermes Shares Fall After Sales Show Little China Pickup
Though the fashion house's revenue rose on year, some analysts pointed to a lack of a convincing rebound in China.
----
Intesa Raises 2026 Profit Outlook as It Gears Up for Monte dei Paschi Offer
The lender said that it now expects this year's net profit to exceed €10 billion, equivalent to $11.39 billion, after having previously guided for a result around €10 billion.
----
Morgan Stanley Bankers Were Pressured to Approve Mortgages for Wealthy Clients
Mortgage employees faced backlash when questioning or rejecting loans. The bank says it hasn't "compromised its underwriting standards."
----
SK Hynix Net Profit Hits Record; Other Metrics Disappoint
SK Hynix's second-quarter net profit surged 13-fold on strong demand for advanced chips, but its overall results fell short of high market expectations.
----
ASM International Shares Slump After Chip-Equipment Supplier's Guidance Underwhelms
Shares plunged more than 8% after a boost to revenue guidance for next year came short of expected forecasts.
----
Shares in Gucci Owner Kering Surge as Recovery Gains Traction
The stock was up 11% a after the company's flagship label reported sales down 2% organically on year-beating the 5% drop expected by analysts.
----
UBS Plans $3 Billion Buyback After Investment Bank, Wealth Units Lift Profit
The Swiss banking group said its stock-repurchase program would end by the second quarter of 2027 at the latest and that it plans buybacks of at least $1 billion over the next three months.