E.l.f. Beauty’s success story continues to unfold as the cosmetics retailer exceeded quarterly estimates yet again, reporting a remarkable 50% surge in sales. The company’s sales reached $324.5 million in the fiscal first quarter, prompting an upward revision of its full-year guidance. This growth trend follows a remarkable 76% increase in the same period last
Earnings
Eli Lilly recently reported second-quarter earnings and revenue that exceeded expectations, leading to a surge in their stock price. The company’s blockbuster diabetes drug, Mounjaro, and weight loss injection, Zepbound, were significant contributors to this success. The company raised its full-year revenue outlook by $3 billion, now expecting revenue to fall between $45.4 billion and
Siemens, the German industrial technology giant, recently announced a better-than-expected quarterly operating profit. The industrial profit for the quarter ending in June totaled 3 billion euros, representing an 11% increase compared to the same period last year. This figure exceeded analyst expectations, showcasing the company’s strong performance in a challenging market landscape. Despite a 15%
The U.S. stock market saw a positive turn on Wednesday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all making gains. This followed a three-day losing streak, which was triggered by concerns over the “yen carry trade” unwinding and U.S. recession fears. Jim Cramer expressed optimism about the market’s performance, referring to
Sony’s financial chief, Hiroki Totoki, recently announced that the company has decided not to reconsider making a bid for film and TV production group Paramount Global. This decision was made based on the fact that acquiring Paramount does not align with Sony’s current strategy and capital allocation structure. Totoki emphasized the potential risks involved in
Uber has recently announced its second-quarter earnings report, surpassing the expectations of Wall Street analysts. The company reported earnings per share of 47 cents, exceeding the anticipated 31 cents. Additionally, Uber’s revenue stood at $10.7 billion, higher than the expected $10.57 billion. This represents a 16% increase from the previous year’s revenue of $9.23 billion.
Saudi Aramco, the state oil giant, reported a net profit of $29.1 billion for the second quarter of the financial year, showing a slight decrease of just over 3% compared to the same period last year. The decline in profits can be attributed to the low crude production volumes that the company experienced during this
DraftKings, a leading mobile betting platform, has recently announced its plans to implement a gaming surcharge on winning bets in states with high sports betting tax rates. This move is intended to boost the company’s profits and align itself with industry standards. However, the decision has sparked discussions and criticisms within the gambling community. The
Exxon Mobil has recently reported its second-highest results for the second quarter in the past decade. The company attributes this success to achieving record production in Guyana and the Permian Basin. CEO Darren Woods mentioned that it is the highest level of oil production since Exxon and Mobil merged in 1999. During the second quarter,
Coterra Energy recently released its second quarter results, which fell short of Wall Street expectations for sales and earnings. Despite this, the company reported strong production volumes and cash generation that exceeded initial projections. While revenue in the quarter saw a 7% year-over-year increase to $1.27 billion, it was below the expected $1.33 billion. Additionally,