Exxon Mobil Profit Tops Q3 Expectations
Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.
Walmart Boosts Outlook for 2024
NEW YORK — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions.
Westport Posts Slight Revenue Decline Amid Restructuring
The Vancouver, British Columbia-based fuel system component manufacturer posted net income of $5.8 million, or 33 cents per diluted share, for the three months ending June 30.
Cargill Revenue Down as Trader Struggles With Profit Targets
Cargill Inc. took a revenue hit of almost 10% in its most recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.
Home Depot Trims Outlook for 2024
Home Depot’s Q2 sales rose slightly as the retailer benefited from an $18 billion acquisition this spring, but customers continued to rein in spending.
Bridgestone Reports Earnings Loss on Revenue Gain
Bridgestone Corp. experienced an increase in revenue but a decline in earnings during the second quarter of 2024, the company reported Aug. 9.
Nikola Reports Q2 Shortfall but FCEV Sales Grow
Nikola Corp. reported a 103% revenue increase but wider losses in the second quarter as electric vehicle sales gained momentum, the company announced Aug. 9.
Forward Air Posts Q2 Loss, but Revenue Soars on Acquisition
Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.
Fertilizer Giant Nutrien Names New CFO Amid Industry Swoon
Nutrien Ltd. named a new chief financial officer amid an industry downturn that has eroded the fertilizer giant’s profits.
RXO Faces Revenue Decline, Net Loss in Q2
The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.