American Airlines and Spirit Airlines lowered quarterly results and sales expectations citing higher fuel costs and tougher comparison from the previous year.
WestRock agreed to merge with Smurfit Kappa Group and create the largest paper and packaging company by sales. Apple is expected to announce the release of iPhone 15 today. Oracle forecasted muted sales growth in the current quarter.
JM Smucker agreed to acquire Hostess Brands in a multi-billion dollar deal and diversify its food products portfolio. Qualcomm will continue to provide models for Apple smartphones for two more years.
Hannover Re forecasted reinsurance premium to rise. Covestro entered into open-ended merger talks with Abu Dhabi National Oil Co. Restaurant Group agreed to sell its loss making leisure business.
Kroger reported mixed second quarter results and estimated nationwide settlement related to opioid claims of about $1.2 billion. Docusign reported better-than-expected results. RH forecasted a weak third quarter outlook.
Dutch Bros plans to raise $300 million in a secondary stock offering. ChargePoint reported larger quarterly loss. Dave & Buster's comparable store sales declined.
Asana Inc, the work management company, revised higher full-year revenue outlook. GitLab Inc, the database platform operator, forecasted an increase in revenue for the current quarter and fiscal year.
Nestle SA said it plans to divest its allergy treatment business after booking a significant impairment charge. John Wood signed a partnership deal with Harbour Energy for its North Sea operations.
Salesforce, Crowdstrike and Okta reported quarterly revenue and earnings ahead of market expectations. Chewy, Victoria's Secret and Five Below reported mixed quarterly results.
HP Inc and HPE Company reported mixed quarterly results. PVH Corp lifted its full-year revenue and earnings per share outlook. Box Inc reported mixed quarterly results.
Best Buy said domestic comparable sales declined in the fiscal second quarter at a faster pace than a year ago. Big Lots reported a surge in loss on the account of unwinding synthetic lease exit costs.
Nvidia reported an eight-fold increase in its quarterly earnings after demand for its AI-processor soared. Boeing identified additional manufacturing defects that may slow delivery of some versions of 737 Max jets. T-Mobile plans to cut about 7% of its staff.
Foot Locker reported a decline in sales and the company blamed its on higher competition and demand for lower prices products. Nike extended losses for the tenth day in a row. Kohl's reported better-than-expected quarterly results.
Nordex won new orders for wind turbine installations in Turkey. Roche interim trial for lung cancer showed initial promise. Ithaca Energy said first-half revenue and earnings declined.
