- Siemens AG exceeded market forecasts thanks to electrification and software.
- Allianz reported Q2 earnings up seven point five percent, ahead of forecasts, and confirmed its targets.
- Sandoz raised its 2024 targets.
- Deutsche Telekom reported in-line second-quarter earnings and raised its free cash flow outlook.
- Munich Re reported a forty-one percent increase in second-quarter net profit, ahead of forecasts.
- Zurich Insurance should exceed its targets after a solid H1.
- KBC raised guidance after exceeding estimates for Q2.
- Rheinmetall was confident of achieving "at least" its full-year targets.
- Outokumpu beat second-quarter core earnings forecast thanks to normalization of business.
- Entain raised its full-year sales and earnings forecasts after a strong second quarter.
- Persimmon was optimistic about its annual construction targets, hoping for a recovery in real estate.
- Deliveroo announced half-year profit and positive cash flow.
- Novartis' Fabhalta got FDA green light for proteinuria.
- Walgreens examined a possible sale of VillageMD.
- Meta returned to the bond market, issuing ten point five billion dollars in debt.
- Intel shareholders took legal action against the chipmaker after job cuts and dividend cuts sent the stock plummeting.
- Delta Air Lines passengers sued the airline for refusing refunds after a computer failure.
- The FAA had sixteen pending actions involving Boeing, according to an official.
- Toyota cut its global vehicle production forecast for 2024 by five percent, according to Chubu Keizai newspaper.
- Shiseido became the latest luxury brand to be hit by the Chinese crisis, its shares plummeting.
- A South Korean prosecutor charged the founder of the Kakao Group with share manipulation, according to Yonhap.
- Eli Lilly raised its annual sales forecast to three billion dollars on Thursday in the face of rising demand and increased production capacity for its anti-obesity treatment Zepbound, sending the stock up more than ten percent in pre-market trading.
- Merck announced on Thursday that it had discontinued its trial combining an experimental drug with Keytruda in the treatment of a type of lung cancer, an interim analysis having shown that the drug had little efficacy.
- Novavax lowered its revenue forecast for this year on Thursday, anticipating lower sales of its COVID-19 vaccine. The stock plunged eleven percent in pre-market trading.
- Warner Bros Discovery announced on Wednesday that it had written down the value of its television assets due to uncertainty over royalties paid by cable and satellite content distributors, and uncertainty surrounding the renewal of sports broadcasting rights. The stock fell by nine point five percent in pre-market trading.
- Amazon - The UK's competition watchdog announced on Thursday that it had opened an investigation into whether Amazon's partnership with artificial intelligence startup Anthropic was harming competition, a few days after opening a similar inquiry into Alphabet's collaboration with the startup.
- Intel was sued by shareholders who accused the chipmaker of concealing problems that led it to publish weak results, cut jobs, and suspend its dividend. Following the disclosure of Intel's financial statements on August second, the company's market capitalization fell by more than thirty-two billion dollars in a single trading session.
- Occidental Petroleum announced on Wednesday that it had beaten Wall Street forecasts for second-quarter earnings by thirty-four percent. These were the group's first results since completing its twelve billion dollar takeover of Permian-based producer CrownRock last week. Occidental Petroleum shares gained one point four percent in premarket trading.
- Boeing - The director of the National Transportation Safety Board (NTSB) said Wednesday that the in-flight accident involving a Boeing-designed 737 MAX 9 operated by Alaska Airlines could have been avoided, as the aircraft manufacturer should have remedied the problem long ago in light of numerous past audits. Meanwhile, NASA officials said on Wednesday that the two astronauts who arrived at the International Space Station (ISS) in June via Boeing's Starliner could return aboard SpaceX's Crew Dragon in February two thousand twenty-five if the Starliner is still not considered safe for a return to Earth.
- Robinhood exceeded Wall Street expectations on Wednesday with second-quarter earnings against a backdrop of growing interest in "meme stocks" and cryptoactives. The group said it was continuing to gain market share on its trading competitors. Share price up three point five percent in pre-market trading.
- Bumble - The dating app operator cut its annual sales growth forecast on Wednesday, rekindling investor concerns about its development plans. The share price fell thirty-seven point one percent in pre-market trading.
- Monster Beverage announced on Wednesday that it had missed market expectations with its second-quarter sales, as consumers opted for tighter management of their spending. The share price lost eight point two percent in pre-market trading.
- Restaurant Brands International announced on Thursday that it had exceeded Wall Street expectations with its second-quarter sales. The latter benefited from steady demand in Tim Hortons coffee outlets, while the Burger King fast-food chain was in the midst of restructuring.
- Beyond Meat announced on Wednesday evening that it had exceeded forecasts with its second-quarter sales on Wednesday. The group also raised the lower end of its sales guidance range for the full year, thanks to a price increase.
- Walgreens Boots Alliance announced on Wednesday that it was studying its options, including a sale, for its Village® business.
- KKR will launch a takeover bid for Fuji Soft 9749.T, as part of a five hundred fifty-eight point four billion yen (three point eight billion dollar) deal to delist the Japanese software company, Fuji Soft announced on Thursday.
- Equinix raised its annual adjusted operating profit forecast on Wednesday, anticipating strong demand for its data center operations services amid growing adoption of technologies related to generative artificial intelligence.
- Howard Hughes Holdings - Billionaire Bill Ackman's Pershing Square Capital Management, the largest shareholder in Howard Hughes Holdings, was considering delisting the three point three billion dollar real estate developer, according to a regulatory filing.
- Atmos Energy - The natural gas distributor reported a rise in third-quarter earnings on Wednesday evening, boosted by rate increases and customer growth.
- Zillow - The online real estate broker appointed Jeremy Wacksman as CEO on Wednesday, succeeding co-founder Rich Barton, who became co-executive chairman.
- Qantas reduced its former CEO's severance package following a damning governance report.
Today's main earnings reports: Eli Lilly and Company, Gilead Sciences, Brookfield, Petrobras, The Trade Desk, Cheniere Energy, Datadog, Martin Marietta Materials, Take-Two Interactive, Vistra, Restaurant Brands International, News Corporation... Siemens AG, Deutsche Telekom, Allianz, Zurich Insurance, Munich Re, KBC Groupe, Rheinmetall, Genmab, Sandoz, Knorr-Bremse, China Mobile, Tokyo Electron, Life Insurance Corporation of India, SMIC...
The rest of the global earnings calendar is here.