Tag: Europe Earnings
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Alibaba shares fall 2% as AI spending drives 75% drop in net income
Alibaba’s U.S. listed shares were volatile in premarket trading after posting a 75% drop in net income in the June quarter.
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World’s largest jeweler bets on platinum despite falling silver prices, CEO tells CNBC
Pandora is moving ahead with platinum-plated jewelry as it seeks to reduce its exposure to volatile silver prices despite the metal’s recent decline.
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Maersk shares jump 8% after shipping giant smashes profit estimates and hikes outlook
Danish shipping giant Maersk on Thursday posted stronger-than-expected quarterly profit and raised its full-year earnings guidance.
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World’s biggest spirits maker pops 6% on $1 billion cost-cutting plan
Diageo, whose brands include Johnnie Walker scotch whisky, Captain Morgan rum and Guinness stout, said costs relating to the savings program will amount to $1.2 billion.
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Rheinmetall stock volatile after trimming guidance as Germany’s F126 warship cancellation hits sales outlook
The company’s sales grew 39% and profits grew 74% in the first half of the year.
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SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.
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Novo Nordisk’s raised forecast fails to change the debate over its obesity business
Wall Street isn’t convinced the Ozempic maker has a promising path back to sustainable growth as competition from Eli Lilly intensifies.
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BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’
The result come after U.S. President Donald Trump lashed out at Big Oil for making “too much money” off higher fuel prices amid the Iran war.
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Saudi Aramco profits soar in second quarter as Iran war squeezes oil supply
The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.
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Leonardo expects more deals as Europe ramps up defense spending
Leonardo is eyeing further M&A as it races to expand capabilities and meet surging defense demand after raising its 2026 outlook.
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