E.l.f. Beauty, a cosmetics retailer, has been experiencing tremendous growth in sales, with a 50% increase in the latest fiscal quarter. While the company exceeded quarterly estimates, the growth did not meet the high expectations set by Wall Street. Despite raising its full-year guidance, the outlook fell flat compared to the significant first-quarter beat. This
Earnings
Eli Lilly shocked the market by reporting second-quarter earnings and revenue that exceeded all expectations. The company’s revenue outlook for the year has been raised by a staggering $3 billion, a move that sent shares soaring by more than 7%. This incredible growth is primarily attributed to the exceptional sales performance of two of their
Siemens, the German industrial technology giant, has reported a quarterly operating profit of 3 billion euros, surpassing analyst expectations. This represents an 11% increase from the same period last year. Despite a 15% decline in comparable orders, the company highlighted growth in its digital industries and smart infrastructure sectors. However, the mobility business experienced a
The recent performance of U.S. stocks has seen a rebound after a three-day losing streak, with the S & P 500 climbing 1.5%, the Dow Jones Industrial Average rising by 1%, and the Nasdaq Composite jumping by 1.9%. Jim Cramer, of the CNBC Investing Club, described the day as a positive one following a previous
Sony’s finance chief recently announced that the company will not be pursuing a fresh bid for film and TV production group Paramount Global. Despite previous interest, Sony’s Chief Financial Officer, Hiroki Totoki, stated that acquiring Paramount does not align with the company’s current strategy. The decision comes after independent film studio Skydance Media finalized a
Uber recently released its second-quarter earnings report, surpassing Wall Street estimates and causing a 4% increase in its stock price during premarket trading. Earnings per share came in at 47 cents, beating the expected 31 cents, while the revenue reached $10.7 billion, slightly higher than the anticipated $10.57 billion. This represented a 16% growth from
Saudi Aramco, the state oil giant, recently reported a net profit of $29.1 billion for the second quarter of the financial year. This figure represented a slight dip of just over 3% from the same period last year. The company’s net income for the first half of the financial year also decreased, dropping from $62
Exxon Mobil recently reported its second-highest results for the second quarter in the past decade, driven by record production in Guyana and the Permian Basin. CEO Darren Woods highlighted that the oil produced during the second quarter reached its highest level since the Exxon and Mobil merger in 1999. This impressive production level contributed to