General Motors reported sharply higher revenue and earnings in the second quarter, and the company reiterated its annual earnings outlook. UPS revenue and earnings fell short of market expectations. Cadence Design trimmed its current quarter earnings outlook.
American Express, Intuitive Surgical, Netflix, and SLB reported better-than-expected second-quarter results. Crowdstrike plunged 10% after the company's product upgrade caused a global information system outage.
Taiwan Semiconductor offered a strong third-quarter outlook after reporting solid gains in the second quarter, driven by demand for its advanced manufacturing capacity. Domino's Pizza lowered its global store growth outlook amid challenges in international expansion.
Five Below lowered its estimate of sales and earnings and announced the departure of its chief executive. U.S. Bancorp reported better-than-expected quarterly results.
Bank of America reported better-than-expected quarterly results and increased its loan loss provision. Morgan Stanley reported higher quarterly earnings amid broad strength in investment banking, equity trading, debt underwriting, and fund flows in its wealth management unit.
Goldman Sachs reported better-than-expected earnings, and BlackRock said assets under management rose in the second quarter. Super Micro advanced after the company was selected to be included in the Nasdaq 100 index.
TCS said June quarter earnings edged lower, but revenue advanced in rupee and dollar terms. Mahindra & Mahindra reported a double-digit increase in vehicle sales in June. Prestige Estates Projects said June quarter revenue and square foot sales declined.
TSMC reported a sharp jump in revenue from a year ago in June. 3M Company said its finance chief resigned. LegalZoom.com lowered its annual revenue outlook and said its chief executive has departed.
BP plc said its refining margins in the second quarter are likely to be lower due to multiple factors. Indivior, the UK-based drugmaker, lowered its annual adjusted earnings outlook and announced its plan to discontinue production of the schizophrenia drug.
Ford Motor said its vehicle sales in the second quarter rose 1%. Paramount Global's controlling shareholder is nearing an agreement to be acquired by Skydance Media. Southwest Airlines adopted a shareholder rights plan to ward off an activist investor.
Walgreens lowered its quarterly earnings outlook again and said it plans to close a large number of underperforming stores in the U.S. Levi Strauss quarterly results fell short of market expectations.
Volkswagen announced its plan to invest as much as $5 billion in a joint venture with the electric vehicle maker Rivian as the German automaker plays catch up.
SolarEdge Technologies plans to raise $300 million through the sale of convertible debt maturing in 2029. The regulators at the European Union said Microsoft is breaching antitrust rules in the region.
RXO agreed to acquire the freight brokerage business from UPS for more than $1 billion. The European Union regulators said that Apple's App Store violated the region's new Digital Markets Act.
