General Motors falls short of Wall Street expectations as supply chain challenges dent profit
GM reported second-quarter earnings that missed Wall Street's estimates after the company was unable to ship nearly 100,000 vehicles by quarter-end.
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McDonald's says higher prices, value items helped boost U.S. sales
Shares of McDonald's have fallen more than 6% this year, dragging its market value down to $185.2 billion.
Coca-Cola's earnings top expectations as sales volume recovers from pandemic
Coke reported quarterly earnings and revenue Tuesday that exceeded analysts' expectations.
Walmart shares slump after retailer cuts profit outlook on inflation concerns
Walmart CEO Doug McMillon said aggressive markdowns on items such as clothing are also hurting margins.
UBS misses expectations; CEO cites one of the 'most challenging' quarters for investors in a decade
As market declines accelerated across equity and fixed income in the second quarter, the bank's wealth management division took a hit.
Weber shares tank as grill maker announces CEO departure amid disappointing sales
Shares of Weber tumbled after the company said CEO Chris Scherzinger is departing amid waning consumer demand.
Verizon shares fall after company cuts full-year forecast
Verizon shares fell nearly 5% after the company released its second-quarter earnings report.
Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid
Twitter blamed the revenue miss on ad industry headwinds and "uncertainty" tied to the pending acquisition of the company by Elon Musk.
Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring
Snap missed Wall Street estimates for sales and disclosed a wider-than-expected loss in its second-quarter earnings report.
AT&T shares fall after company says later payments, higher spending are hurting cash flow
AT&T shares fell almost 8% after its second-quarter earnings report revealed a lower-than-expected cash flow.
American Airlines forecasts third-quarter profit but scales back growth after flight disruptions
American's CEO said the carrier would limit its expansion this year.
Domino's earnings miss expectations as pizza chain struggles with driver shortage, higher costs
The ongoing shortage of delivery drivers hurt the chain's sales again this quarter.
Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble
British digital bank Starling reported its debut annual profit Thursday as revenues at the firm almost doubled.
United Airlines posts profit on travel surge but holds back on flight growth
United Airlines on Wednesday notched a key profit milestone in its pandemic recovery.
Tesla grows revenue 42%, but automotive margins decline
Tesla's margins were impacted by inflation and fiercer competition for the components that go into EVs.
Netflix loses fewer subscribers than expected and says cheaper ad tier is coming in early 2023
The company also said it aimed to unveil its lower-cost, ad-supported tier in early 2023.
IBM shares slide after company trims cash forecast
The hardware, software and consulting provider trimmed its 2022 free cash flow forecast.
Goldman Sachs crushes analysts' expectations on strong bond trading results, shares rise 2.5%
Goldman tends to outperform other banks during periods of high volatility, as displayed by the firm's strong fixed income results.
Bank of America revenue tops expectations as lender benefits from higher interest rates
Led by CEO Brian Moynihan since 2010, the bank is enjoying tailwinds from rising interest rates, but profits were hit by $425 million in regulatory expenses.
Citigroup tops profit estimates as bank benefits from rising interest rates, shares surge 13%
Of the four major banks to report second-quarter results this week, only Citigroup topped expectations for revenue.
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