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Cummins Inc. (NYSE: CMI), a leading provider of power solutions, reported higher net sales and earnings for the second quarter of 2023.
Cummins Inc. (NYSE: CMI), a leading provider of power solutions, reported higher net sales and earnings for the second quarter of 2023. The management reaffirmed its full-year guidance. June quarter sales increased to $8.64 billion from $6.59 billion in the
PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the second quarter of 2023. The payment solutions provided also issued guidance. Second-quarter revenues came in at $7.29 billion, compared to $6.81 billion in the corresponding period of 2022. For the
Qualcomm Incorporated (NASDAQ: QCOM) reported third quarter 2023 earnings results today. Revenues decreased 23% year-over-year to $8.4 billion. GAAP net income fell 52% to $1.8 billion, or $1.60 per share, compared to last year. Adjusted EPS dropped 37% to $1.87.
Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) reported product revenue of $2.49 billion for the second quarter of 2023, which was up 14% year-over-year. Net income was $915.7 million, or $3.52 per share, compared to $810.5 million, or $3.13 per share, last year.
Garmin Ltd. (NASDAQ: GRMN), a leading manufacturer of global positioning systems, reported higher revenues and earnings for the second quarter of 2023. Total revenues increased 6% annually to $1.32 billion in the June quarter, mainly reflecting strong growth in the
Energy company UGI Corporation (NYSE: UGI) reported a double-digit fall in revenues for the third quarter of 2023. The company also provided guidance for the full fiscal year. On an adjusted basis, it was breakeven for the June quarter, compared to
Diversified energy company Phillips 66 (NYSE: PSX) on Wednesday announced operating results for the second quarter, reporting a decline in revenues and profit. Total revenue and other income decreased 28% year-over-year to $35.74 billion in the second quarter of 2023.
The Kraft Heinz Company (NASDAQ: KHC) reported second quarter 2023 earnings results today. Net sales increased 2.6% year-over-year to $6.7 billion. Organic net sales increased 4%. Net income attributable to common shareholders more than doubled to $1 billion, or $0.81 per
Healthcare conglomerate CVS Health Corporation (NYSE: CVS) announced second-quarter 2023 results, reporting lower earnings despite an increase in revenues. June quarter adjusted profit declined 13% year-over-year to $2.21 per share. On a reported basis, net income was $1.91 billion or
Video game publisher Electronic Arts (NASDAQ: EA) announced financial results for the first quarter. The company also provided guidance for the second quarter and fiscal 2024. For the June quarter, the company reported net income of $402 million or $1.47
Yum! Brands, Inc. (NYSE: YUM) reported second quarter 2023 earnings results today. Total revenues increased 3% year-over-year to $1.68 billion. Net income grew 86% to $418 million while EPS rose 89% to $1.46 compared to last year. Adjusted EPS increased
Starbucks Corporation (NASDAQ: SBUX) reported third quarter 2023 earnings results today. Consolidated net revenues of $9.2 billion were up 12% from the prior-year quarter. Global comparable store sales increased 10%. Net earnings attributable to Starbucks increased 25% year-over-year to $1.1
Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a sharp fall in adjusted profit for the second quarter of 2023, hurt by an 18% decline in revenues. (more…)
Leidos Holdings, Inc. (NYSE: LDOS) on Tuesday reported an increase in adjusted earnings for the second quarter of 2023. The company also provided guidance for fiscal 2023. At $3.84 billion, second-quarter revenues were up 7% year-over-year. Revenues of all three
Uber Technologies, Inc. (NYSE: UBER) reported net income for the second quarter of 2023, compared to a loss last year, as the ride-hailing company’s revenues increased 14%. Net income for the June quarter was $394 million or $0.18 per share,
JetBlue Airways Corporation (NASDAQ: JBLU) reported second quarter 2023 earnings results today. Operating revenue was $2.6 billion, up 6.7% year-over-year. GAAP net income was $138 million, or $0.41 per share, compared to a net loss of $188 million, or $0.58
Food distribution company Sysco Corporation (NYSE: SYY) announced fourth-quarter 2023 financial results, reporting higher earnings and revenues. Sysco's June quarter sales moved up 4% annually to $19.7 billion, with the core US and international foodservice businesses expanding 3% and 12% respectively.
Merck (NYSE: MRK) reported second quarter 2023 earnings results today. Total worldwide sales were $15 billion, up 3% from the same period a year ago. GAAP net loss was $5.9 billion, or $2.35 per share, compared to net income of
Caterpillar Inc. (NYSE: CAT) reported second quarter 2023 earnings results today. Total sales and revenues increased 22% year-over-year to $17.3 billion, helped by higher sales volume and favorable price realization. Profit totaled $2.9 billion, or $5.67 per share, compared to
Altria Group, Inc. (NYSE: MO) reported second quarter 2023 earnings results today. Net revenues dipped 0.5% to $6.5 billion compared to the same period a year ago. GAAP net earnings more than doubled to $2.1 billion, or $1.19 per share,
Pfizer Inc. (NYSE: PFE) reported second quarter 2023 earnings results today. Revenues decreased 54% year-over-year to $12.7 billion. Reported net income declined 77% to $2.3 billion, or $0.41 per share, compared to last year. Adjusted EPS fell 67% to $0.67.
