Page 69 - Q2 Results

Cost savings drive Philips' Q2 profit growth, flags insurance payout

Since late 2022, Philips has said it would slash up to 10,000 jobs in an attempt to restore profitability and improve product safety

TotalEnergies Q2 earnings drop 6% on 'normalising' refining margins

Q2 adjusted net income $4.7 bn vs forecast $4.96 bn

Alphabet's revenue exceeds expectations, boosted by cloud computing

The tech giant is also providing cloud-computing services to fast-growing startups, fueling consistent profitability for that business after years of losing money

General Motors beats quarterly revenue expectations, raises profit forecast

The Michigan automaker is leaning heavily on its gasoline-engine offerings to fuel its profits through a slower-than-anticipated transition to electric vehicles

With double-digit volume growth in Q2, Coca-Cola bullish on India

The company's consolidated unit case volume grew 2 per cent

Blackstone Q2 results: Earnings rose 3% on private equity, credit gains

The New York-based investment firm's results underscore how a long spell of high interest rates has dragged down some aspects of its business while buoying others

Nokia reports double-digit Q2 profit drop, expects better second half

Wireless and fixed-network equipment maker Nokia Thursday reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology. The Espoo, Finland-based company reported a net profit of 328 million euros (USD 359 million) for the April-June period, down 20 per cent from 409 million euros (USD 447 million) a year earlier. Net income attributable to shareholders was 325 million euros (USD 355 million), down from 410 million euros a year earlier. Similarly to its Nordic rival Ericsson of Sweden, Nokia has suffered in the past year from operators cutting back on investments into 5G and other telecom technology because of economic uncertainty and high financing costs. Our financial performance in the second quarter continued to be impacted by the ongoing market weakness with net sales declining 18 per cent year-on-year in constant currency, Nokia CEO Pekka Lundmark said in a statement. Nokia's sales

Johnson & Johnson Q2 profit beats expectations as forecast cut on M&A costs

Adjusted earnings for the quarter were $2.82 a share, the New Brunswick, New Jersey-based company said Wednesday in a statement, beating analysts' average estimate by 11 cents

Morgan Stanley Q2 profit soars on investment banking, beats expectations

Morgan Stanley shares rose almost 2%, reversing earlier losses, as CEO Ted Pick expressed confidence in its dealmaking prospects

BofA's Q2 profit declines to $6.9 bn on shrinking interest income

A better-than-expected forecast for fourth-quarter net interest income (NII), however, sent shares up 1% in premarket trade

Funding into AI-focused startups more than doubles to $24 bn in Q2

Overall startup funding grew 16% sequentially to touch $79 bn in last quarter, primarily driven by investments in AI, which became largest sector for first time, followed by healthcare and biotech

Samsung flags better-than-expected rise in Q2 profit as chip prices jump

The world's largest memory chip and TV maker estimated its operating profit rose to 10.4 trillion won ($7.54 billion) in the quarter ended June 30

State bonds, treasury bills supply for Q2 along the expected lines

States and Union Territories also plan to borrow up to Rs 2.63 trillion through state government securities over the same period

Stock market gives thumbs up to Siemens' strong performance in Q2

The company is expanding facilities across GIS, metro and transformers to cater to domestic and export demand

Uniqlo operator Fast Retailing's Q2 profit climbs 7.2% at $721.80 mn

Fast Retailing left its full-year operating profit forecast unchanged at 450 billion yen

P&G Health Q2 results: Net profit dips 6% to Rs 72 cr, income at Rs 315 cr

Procter & Gamble Health Ltd on Tuesday said its profit after tax declined 6 per cent to Rs 72 crore for the second quarter ended December 2023. The company had reported a Profit After Tax (PAT) of Rs 77 crore in the October-December period of the last fiscal. Total income for the period under review stood at Rs 315 crore as against Rs 314 crore in the year-ago period, Procter & Gamble Health said in a regulatory filing. The company follows a July-June financial year. "This has been a challenging quarter for the company on account of an overall slowdown in the vitamins, minerals and supplements category coupled with a delayed seasonal onset," P&G Health India MD Milind Thatte said. With improved productivity, efficiency and continued strategic investments, the company has been able to deliver a modest topline and bottomline, he added. The company said its board has declared an interim dividend of Rs 200 per share for the financial year 2023-24. Shares of the company settled

Qualcomm Q2 profit forecast beats estimates amid AI push, shares gyrate

For Qualcomm, "5 per cent revenue growth and 24 per cent earnings growth is very constructive in a skeptical earnings season environment," said Thomas J. Hayes of Great Hill Capital

Ashok Soota-led Happiest Minds eyes strong momentum from India biz

Manufacturing and banking, financial services and insurance (BFSI) together contribute about 26 per cent to the total revenues

SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days

The company's board to consider options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis today; also to announce Q2 results.

Share of urban women with salaried jobs at 6-year low in Q2: PLFS

A recent report by the State Bank of India (SBI) claimed that India's labour market including female employment is undergoing a structural transformation with self-entrepreneurship in 'all echelons'