News Muncher - searching for 2q

4 months, 4 weeks ago

Stubborn warranty costs push down Ford’s 2Q net profits, causing stock plunge in after-hours trading

DETROIT — In October of 2020, Ford’s then-new CEO Jim Farley said the company was working to cut warranty costs after glitch-prone small-car transmissions hit the automaker’s bottom line. Ford Motor Co. reported Wednesday that its second-quarter net income fell 4.7% from a year ago as its combustion-engine unit posted a pretax loss due to rising warranty and recall costs. …

Quality Costs Vehicles Company Vehicle Quarter Lawler

5 months ago

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Associated Press

DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Tesla said it posted record quarterly revenue “despite a difficult operating environment.” The company’s energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year. …

Tesla Vehicles Company Musk Elon Musk Billion Vehicle

5 months, 4 weeks ago

Southwest Airlines says a key measure of pricing power will be weaker than expected in 2Q

Associated Press

DALLAS — Southwest Airlines, already under pressure from a hedge fund for disappointing financial results, said Wednesday that a key revenue ratio will be weaker than expected because of changes in how consumers book travel. However, Southwest said, revenue for each seat flown one mile – a closely watched measure of pricing power – will fall by 4% to 4.5% …

Airline Southwest Pricing Power

1 year, 3 months ago

UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts

Associated Press

GENEVA — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations following a takeover. In a conference call with analysts, UBS chief executive Sergio Ermotti addressed one of the major …

Credit Bank Billion Switzerland Ubs Swiss Credit Suisse

1 year, 4 months ago

Kohl’s posts declines in 2Q profits and sales, joining other stores facing cautious spending

Associated Press

NEW YORK — Kohl’s reported on Wednesday that profits dropped nearly 60% on weak sales in the second quarter, joining a slew of retailers that are wrestling with shoppers’ cautious spending in a challenging economy. But Kohl’s results beat Wall Street expectations as the retailer cut inventory and expenses. Kohl’s, based in Menomonee Falls, Wisconsin, is among the last group …

Share Quarter Kohl Cautious Spending Sales Joining

1 year, 4 months ago

Foot Locker lowers full-year outlook again, pauses dividend as 2Q sales fall on cautious consumers

Associated Press

Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. The New York-based company’s previous outlook was for adjusted earnings between $2 and $2.25 per share. Foot Locker Inc. previously lowered its full-year sales and earnings outlooks in May …

Sales Share Foot Locker Quarterly Dividend Quarter Foot

1 year, 4 months ago

Dick’s 2Q profit falls, and the retailer lowers its full-year outlook on worries about theft

Associated Press

Dick’s Sporting Goods profit slipped in its second quarter and missed Wall Street’s expectations as the retailer cut its full-year profit outlook, citing worries over theft at its stores. Neil Saunders, managing director of GlobalData, said in a statement that a large portion of Dick’s quarterly profit drop appeared to be from theft. During Target’s second-quarter conference call last week, …

Theft Share Million Dick

1 year, 4 months ago

Amazon reports better-than-expected revenue and profits for 2Q, sending its stock higher

Associated Press

NEW YORK — Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading. Jassy said growth in the cloud business, which had slowed since last year as companies cut back on costs, “stabilized as customers started shifting from cost optimization to new workload deployment.” AWS grew by 12%, slower than 16% …

Amazon Company Billion Quarter Last Year Customers Fresh

1 year, 4 months ago

CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt

Associated Press

CVS Health topped second-quarter expectations, but the health care giant’s profit sank as pricing pressure hurt its drugstores and a jump in care use hit the insurance side. CVS Health runs prescription drug plans through one of the nation’s largest pharmacy benefits managers. In the second quarter, growth from the CVS Health’s largest business, pharmacy benefits management, softened hits from …

Health Medicare Cvs Cvs Health Increased Care

1 year, 4 months ago

Pfizer 2Q numbers tumble and COVID-19 vaccine, treatment sales dry up

Associated Press

Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023. Pfizer recorded no U.S. sales of its treatment, Paxlovid, in the recently completed quarter, as the company shifts to selling the pills on the commercial market after contracting with the government. Sales of the …

Sales Quarter Pfizer Paxlovid

1 year, 4 months ago

Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains

Associated Press

DETROIT — Ford Motor Co.'s second-quarter profit more than tripled to $1.92 billion versus a year ago on strong internal combustion and commercial vehicle sales, but losses grew along with growing pains in the electric vehicle business. Sales in the U.S., Ford’s most lucrative market, rose 10% last quarter, But Ford backed away from ambitious milestones for building electric vehicles …

Vehicles Electric Vehicles Company Profit Billion Vehicle Electric

2 years, 4 months ago

Japan economy grows 2.2% in 2Q on revived consumer spending

Associated Press

TOKYO — Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions. A revised estimate put growth for the world’s third-largest economy as flat in the first quarter of the year, upgraded from an earlier reading of a 0.5% contraction. “Nevertheless, it …

Growth Japan Japanese Consumer Spending Revived Consumer

2 years, 4 months ago

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Associated Press

NEW YORK — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. It posted a loss of $3.84 billion in this year’s first quarter, its first quarterly loss since 2015, which was also marked by a large Rivian write-down. Some analysts estimate the company generated roughly $4.6 billion in …

Amazon Costs Company Revenue Demand This Year Billion

2 years, 4 months ago

Credit Suisse CEO resigns as bank posts 2Q loss

Associated Press

GENEVA — Credit Suisse said Wednesday that CEO Thomas Gottstein is resigning after 2-1/2 years in the job, as he announced “disappointing” results, plunging revenues and a net loss in the second quarter. Gottstein, a 23-year veteran of the bank, cited “personal and health-related considerations” weighing on his move to hand over to Koerner, who also worked for Credit Suisse …

Bank Swiss Credit Suisse Credit Suisse Ceo Gottstein Suisse Ceo

2 years, 5 months ago

American Airlines earns $476 million on record revenue in 2Q

Associated Press

DALLAS — American Airlines earned $476 million in the second quarter on record revenue from summer travelers and said Thursday that it expects to remain profitable in the third quarter. Gatten said Heathrow officials told American “on extremely short notice” last week to cancel departing flights to help the airport manage overcrowding. Air travel in the U.S. has returned to …

Travel Flights Airlines Revenue Profit Quarter American

2 years, 5 months ago

United Airlines 2Q profit of $329M misses Wall Street target

Associated Press

United Airlines said Wednesday that it earned $329 million in the second quarter as summer vacationers packed planes, but the results fell far short of Wall Street expectations due largely to soaring fuel prices. “We are being forced to cancel flights because Heathrow can’t accommodate the flights.” United recently announced that it will cut about 50 flights a day at …

Airlines 2019 Quarter United Heathrow United Airlines Kirby

2 years, 5 months ago

Tesla 2Q profit falls from 1Q, but is stronger than expected

Associated Press

DETROIT — Tesla’s second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles. Tesla stuck with a prediction of 50% annual vehicle sales growth over the next few years, but said that depends on the supply chain, equipment capacity and other issues. Windau said …

Tesla Company Musk Billion Vehicle Quarter

2 years, 5 months ago

Growing enrollment, Optum Health propel UnitedHealth in 2Q

Associated Press

UnitedHealth Group hiked its 2022 forecast Friday after riding both growing health insurance enrollment and its newer care-providing businesses to a better-than-expected second quarter. Revenue from that segment grew 18% to about $45.1 billion in the quarter, helped by Optum Health, which runs a growing network of doctor offices and surgery centers and provides care delivered at patient homes. Optum …

Care Share Group Unitedhealth Unitedhealth Group Optum Health Forecast Earnings

2 years, 5 months ago

JPMorgan 2Q profit drops; CEO warns of economic challenges

Associated Press

NEW YORK — Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike. The nation’s largest bank by assets said Thursday that it earned a profit of $8.65 billion, or $2.76 …

Bank Profit Dimon Jpmorgan Share

2 years, 5 months ago

Titan Company Jumps 8% After Sales Nearly Triple in Q1; Should you Buy, Sell or Hold?

News 18

Titan Share Price: Titan Company’s stock price zoomed 8 per cent to Rs 2,170.95 on the BSE in Thursday’s intra-day trade after the company said its total sales in the first quarter of fiscal 2022-23 grew 205 per cent year-on-year led by strong wedding demand and a low base. Kotak Securities, taking note of the robust growth in Titan’s business …

Growth Jewellery Company Share Cent Yoy Titan Company

2 years, 8 months ago

United Airlines loses $1.4B in 1Q, but expects profit in 2Q

Associated Press

CHICAGO — United Airlines reported Wednesday that it lost $1.38 billion in the first quarter of 2022 but said it expects to return to profitability in the current three-month period as post-pandemic travel ramps back up. “We continue to believe we will see a strong spring and lead in to summer as restrictions disappear and more people travel,” said analysts …

Airline Quarter United United Airlines

2 years, 10 months ago

RBI monetary policy 2022: Key things to expect today

India Today

The Reserve Bank of India is expected to maintain its repo rate steady on Thursday but several economists are expecting an increase in the reverse repo rate as part of a process to reduce surplus liquidity poured into markets earlier in the pandemic. REPO RATE, REVERSE REPO RATE A Reuters poll of economists forecast that the RBI would raise the …

Market Rate Reuters Expect Repo Its Stance Rbi Monetary

4 years, 4 months ago

France sinks deeper into recession, with 14% GDP hit in 2Q

The Hindu

France’s economy shrank by nearly 14% in the second quarter when the country was in coronavirus-related lockdown, a third consecutive quarter of negative growth in a worsening recession, the national statistics agency said on July 31. France’s economy was already slowing, shrinking by 0.2% in the last quarter of 2019, before the pandemic hit with full force. French GDP shrank …

France 14 Gdp Worsening Recession

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Search results for 2q

Stubborn warranty costs push down Ford’s 2Q net profits, causing stock plunge in after-hours trading

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Southwest Airlines says a key measure of pricing power will be weaker than expected in 2Q

UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts

Kohl’s posts declines in 2Q profits and sales, joining other stores facing cautious spending

Foot Locker lowers full-year outlook again, pauses dividend as 2Q sales fall on cautious consumers

Dick’s 2Q profit falls, and the retailer lowers its full-year outlook on worries about theft

Amazon reports better-than-expected revenue and profits for 2Q, sending its stock higher

CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt

Pfizer 2Q numbers tumble and COVID-19 vaccine, treatment sales dry up

Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains

Japan economy grows 2.2% in 2Q on revived consumer spending

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Credit Suisse CEO resigns as bank posts 2Q loss

American Airlines earns $476 million on record revenue in 2Q

United Airlines 2Q profit of $329M misses Wall Street target

Tesla 2Q profit falls from 1Q, but is stronger than expected

Growing enrollment, Optum Health propel UnitedHealth in 2Q

JPMorgan 2Q profit drops; CEO warns of economic challenges

Titan Company Jumps 8% After Sales Nearly Triple in Q1; Should you Buy, Sell or Hold?

United Airlines loses $1.4B in 1Q, but expects profit in 2Q

RBI monetary policy 2022: Key things to expect today

France sinks deeper into recession, with 14% GDP hit in 2Q