Chevron, Exxon post record quarterly profits as commodity prices boom

Chevron and Exxon earned record profits during the second quarter of 2022.

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P&G reports mixed quarterly results, warns 'significant headwinds' expected to persist

Procter & Gamble reported mixed results for its fiscal fourth quarter.

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Roku shares crater after company misses on earnings and warns of 'recessionary fears'

Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations on the top and bottom lines for its second quarter.

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Intel CFO says we're 'on the bottom' after company misses earnings and stock sinks

Consumers and schools aren't buying as many PCs as they were, driving a net loss for Intel. But price bumps in the fourth quarter should bolster margins.

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Apple beats on revenue and profit, expects growth to accelerate despite 'pockets of softness'

Apple reported earnings on Thursday for its fiscal third quarter ending in June.

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Amazon jumps on revenue beat and rosy guidance for third quarter

Amazon on Thursday reported second-quarter results that beat on the top line and issued rosy sales guidance for the third quarter.

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Comcast fails to add broadband subscribers for first time ever as economy slows

Comcast beat revenue and profit estimates but failed to deliver broadband subscriber growth. Peacock subscriber numbers were also flat.

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Etsy shares pop as company beats on top and bottom lines

Etsy shares jumped more than 15% in after-hours trading on Wednesday after the company's second quarter earnings beat on top and bottom lines.

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Barclays posts profit slump after hit from costly trading error in the U.S.

Barclays took charges of £1.9 billion for the first half, including £1.3 billion related to its trading blunder in the U.S.

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Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales

Meta's second-quarter earnings report comes after a 50% plunge in the company's stock price this year.

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Ford beats expectations and raises dividend as company sells more of its top models

Ford reported second-quarter results that beat Wall Street's estimates for revenue and profit.

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Qualcomm sales rise 37% despite 'challenging macroeconomic environment'

Qualcomm reported third-quarter earnings after the bell on Wednesday.

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YouTube has 'obvious math' problem as growth slows dramatically from pandemic highs

Alphabet executives blamed tough comparisons and economic challenges for YouTube's slowing growth rate.

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Microsoft misses estimates but stock up 5% on rosy guidance

Microsoft said it would have had more revenue in the quarter were it not for unfavorable foreign-exchange rates and tougher PC and advertising markets.

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Alphabet misses on earnings and revenue for second quarter

Alphabet reported earnings after the bell. Here are the results.

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Chipotle price hikes drive profit growth – and the chain says more increases are coming

Chipotle shares have fallen 25% this year, dragging its market value down to $37.16 billion.

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Shares of UPS fall after company says higher rates offset lower-than-expected volumes in second quarter

United Parcel Service posted better-than-expected quarterly revenue and earnings despite volumes falling short of expectations.

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3M will spin off its health-care business into a new public company

3M announced Tuesday that it will spin off its health-care business into a separate publicly traded company.

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McDonald's is about to report its earnings. Here's what to expect

Shares of McDonald's have fallen more than 6% this year, dragging its market value down to $185.2 billion.

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Coca-Cola is about to report earnings. Here's what to expect

Shares of Coke have risen 5% this year, giving it a market value of $269.6 billion.

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General Motors is about to report second-quarter earnings

Like other global automakers, GM has been working through supply-chain disruptions for the last several quarters

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UBS misses expectations; CEO cites one of the 'most challenging' quarters for investors in a decade

As market declines accelerated across equity and fixed income in the second quarter, the bank's wealth management division took a hit.

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Walmart cuts profit outlook as inflation forces shoppers to spend more on necessities

Walmart shares fell after the company cut its profit expectations due to inflation's impact on shoppers' choices.

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Weber shares tank as grill maker announces CEO departure amid disappointing sales

Shares of Weber tumbled after the company said CEO Chris Scherzinger is departing amid waning consumer demand.

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Verizon shares fall after company cuts full-year forecast

Verizon shares fell nearly 5% after the company released its second quarter earnings report.

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Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid

Twitter blamed the revenue miss on ad industry headwinds and "uncertainty" tied to the pending acquisition of the company by Elon Musk.

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Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring

Snap missed Wall Street estimates for sales and disclosed a wider-than-expected loss in its second-quarter earnings report.

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AT&T shares fall after company says later payments, higher spending are hurting cash flow

AT&T shares fell almost 8% after its second-quarter earnings report revealed a lower-than-expected cash flow.

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Domino's earnings miss expectations as pizza chain cites tough labor market, higher costs

The ongoing shortage of delivery drivers hurt the chain's sales again this quarter.

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American Airlines forecasts third-quarter profit but scales back growth after flight disruptions

American's CEO said the carrier would limit its expansion this year.

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Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble

British digital bank Starling reported its debut annual profit Thursday as revenues at the firm almost doubled.

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United Airlines posts profit on travel surge but holds back on flight growth

United Airlines on Wednesday notched a key profit milestone in its pandemic recovery.

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Tesla grows revenue 42%, but automotive margins decline

Tesla's margins were impacted by inflation and fiercer competition for the components that go into EVs.

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Netflix loses fewer subscribers than expected and says cheaper ad tier is coming in early 2023

The company also said it aimed to unveil its lower-cost, ad-supported tier in early 2023.

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IBM shares slide after company trims cash forecast

The hardware, software and consulting provider trimmed its 2022 free cash flow forecast.

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Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects

Goldman tends to outperform other banks during periods of high volatility, but it is also one of the biggest corporate advisors on Wall Street.

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Bank of America tops expectations on revenue as lender benefits from higher interest rates

Bank of America, led by CEO Brian Moynihan since 2010, had enjoyed tailwinds as rising interest rates and a rebound in loan growth boosted income.

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Citigroup tops profit estimates as bank benefits from rising interest rates, shares pop 4%

Of the four major banks to report second-quarter results this week, only Citigroup topped expectations for revenue.

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Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop 3%

Analysts and investors have been closely poring over bank results for any signs of stress on the U.S. economy.

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Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue

Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.

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World's largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds

Despite strong Q2 results, TSMC CEO CC Wei said that some of the company's capital expenditure would be "pushed out into 2023."

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JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expects

As a result of all the conflicting data, investors should brace themselves for a wider-than-usual range of outcomes for the banks this quarter.

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Delta posts profit despite jump in costs, vows to improve reliability after difficult summer start

Delta said both leisure and business travel demand improved sharply in the second quarter.

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PepsiCo raises revenue outlook after sales and profit top expectations

PepsiCo raised its revenue outlook for the year as consumers snacked on more Doritos chips and drank more Gatorade, even as prices increased.

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Singapore’s state-owned investor Temasek reports record portfolio value

Temasek Holdings reported that the net value of its portfolio grew to $286.48 billion at the end of March — surpassing last year's record high.

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Levi Strauss hikes dividend as second-quarter earnings exceed expectations

Levi Strauss second quarter earnings topped analyst estimates.

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Samsung's 'better than feared' earnings spur chip stock rally

Samsung's second quarter earnings guidance, which provided relief for investors, helped drag up shares of chipmakers TSMC, UMC and SK Hynix.

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