4 big analyst cuts: Salesforce downgraded ahead of Q2, Estée Lauder cut at Citi
Salesforce cut at Morgan Stanley ahead of Q2 Morgan Stanley downgraded Salesforce (NYSE:CRM) to Equalweight from Overweight with a price…
Mastercard beats profit estimates on spending boost
(Reuters) -Mastercard on Thursday reported a bigger-than-expected rise in second-quarter profit, boosted by resilient spending in a turbulent economy. Unfazed…
Meta rallies as AI-powered ad sales drive ‘monster’ forecast
(Reuters) – Meta shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence was helping…
Cellnex’s first-half loss widens, revenues grow 18.4%
(Reuters) -Spain’s Cellnex posted on Thursday a first-half net loss of 193 million euros ($215 million), 14% wider than a…
Building materials supplier Martin Marietta raises 2023 core earnings forecast
(Reuters) – Martin Marietta Materials (NYSE:MLM) beat quarterly profit estimates and raised its full-year adjusted core earnings forecast on Thursday,…
Sony PlayStation 5 console sales pass 40 million
(Reuters) – Sony (NYSE:SONY) Group Corp has sold more than 40 million PlayStation 5 consoles, its gaming division said on…
McDonald’s beats sales estimates as cheaper burgers draw consumers
(Reuters) – McDonald’s beat market expectations for quarterly comparable sales on Thursday, as the restaurant chain’s relatively cheaper burgers and…
Bristol Myers sales fall, cuts 2023 forecast as drugs face competition
(Reuters) – Drugmaker Bristol Myers (NYSE:BMY) Squibb said on Thursday its second-quarter sales fell more than expected and cut its…
Comcast beats revenue estimates on boost from theme parks, studios
(Reuters) – Comcast Corp (NASDAQ:CMCSA)’s quarterly revenue beat estimates on Thursday, helped by higher theme park attendance and the successful…
Chipotle shares fall 8% after miss on same-store sales growth; reactions mixed
Chipotle Mexican Grill Inc (NYSE:CMG) shares sank more than 8% after the company’s Q2 numbers fell short on same-store sales.…