Apollo’s second-quarter earnings surge 75% on upbeat annuities business
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services…
BorgWarner’s second-quarter results beat estimates on auto parts demand
(Reuters) – Auto parts supplier BorgWarner reported second-quarter results on Wednesday that beat analysts’ estimates, helped by sustained demand from automakers ramping up output. The Michigan-based company, whose customers include Volkswagen, General…
Dover misses second-quarter estimates as system upgrade disrupts operations
(Reuters) – Dover Corp on Tuesday forecast annual profit largely below Wall Street expectations and missed second-quarter estimates, as manufacturing and shipment disruptions due to a system upgrade hit the company’s vehicle…
Chevron’s $6 billion second-quarter profit tops analysts’ outlook
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp’s second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company…
KeyCorp second-quarter profit halves on higher loan loss provisions
(Reuters) – KeyCorp reported on Thursday a bigger-than-expected 50% fall in quarterly profit, as it set aside more rainy day funds amid growing economic uncertainties. Shares of the company fell nearly 3%…
Citizens Financial beats second-quarter profit estimates on interest income boost
(Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The upbeat results follow a tumultuous first quarter…
BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S. Federal Reserve’s aggressive policy tightening boosted income earned from interest payments on…
Trump Rakes In $35 Million In Second-Quarter Fundraising
Trump Rakes In $35 Million In Second-Quarter Fundraising Arjun Singh on July 5, 2023 Former President Donald Trump raised $35 million in the second quarter of 2023 for his 2024 presidential campaign…
Dow cuts second-quarter revenue forecast on demand, pricing woes
(Reuters) – Chemical maker Dow Inc forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now expects revenue for the quarter ending June…
Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook
(Reuters) – Shares of Intel Corp rose about 5% after the chipmaker’s finance chief said on Wednesday that the company is on track to hit the upper end of its second-quarter revenue…
JetBlue forecasts second-quarter profit above expectations on robust demand
(Reuters) – JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and international travel. Shares of the airline rose…
Saudi Arabia posts almost $21 billion second-quarter surplus
By Yousef Saba DUBAI – Saudi Arabia has registered a budget surplus of nearly 78 billion riyals ($21 billion) in the second quarter of 2022, the finance ministry said on Thursday, an…
Exxon posts record-breaking second-quarter profit
By Sabrina Valle HOUSTON – Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.…
Spain’s second-quarter GDP growth of 1.1% tops estimates
(Reuters) – Spain’s second-quarter economy expanded 1.1% over the previous three months to top growth estimates on robust overseas demand for the country’s goods and services, preliminary data showed on Friday. Analysts…
Carlyle’s second-quarter earnings rise 34% on strong asset sales
By Chibuike Oguh (Reuters) – Private-equity firm Carlyle Group Inc said on Thursday its second-quarter distributable earnings rose 34%, driven by asset sales that were completed even as markets nosedived. Distributable earnings…
United Airlines lifts second-quarter revenue forecast
By Rajesh Kumar Singh CHICAGO – United Airlines Holdings Inc on Monday raised its revenue estimate for the current quarter despite trimming capacity, underscoring a booming travel demand. The Chicago-based carrier now…
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