July 30, 2019

ConocoPhillips adjusted profit falls on lower crude prices

Independent oil and gas producer ConocoPhillips reported an 11.6% drop in quarterly profit on Tuesday, as fears of slowing global economy weighed on crude prices. Powered […]
July 30, 2019

Under Armour cuts North America revenue forecast; shares fall 10%

Sportswear maker Under Armour Inc on Tuesday cut its full-year revenue forecast for North America, its biggest market, in the face of stiff competition from bigger […]
July 30, 2019

Texas shale pioneers struggle to appease investors

Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Powered by WPeMatico
July 30, 2019

Eli Lilly tops revenue estimates on boost from diabetes drugs

Eli Lilly and Co beat analysts’ estimates for quarterly profit on Tuesday and raised its full-year earnings forecast, as higher sales of diabetes drugs Trulicity and […]
July 30, 2019

Huawei warns on U.S. ban after China smartphone sales drive first-half revenue

Chinese tech giant Huawei Technologies warned on Tuesday a U.S. trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23% thanks to […]
July 30, 2019

Merck profit beats on strong demand for Keytruda, vaccines

Merck & Co Inc reported higher-than-expected second-quarter profit on Tuesday, powered by strong demand for its cancer immunotherapy Keytruda and vaccines, sending its shares up 3% […]
July 30, 2019

Huawei’s first-half revenue growth accelerates despite U.S. sanctions

China’s Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% – faster than a year ago – despite an intense […]
July 30, 2019

Bayer says 2019 profit goal becoming a stretch

Germany’s Bayer became the latest agricultural supplies company to be affected by flooded farms in the United States and by trade disputes, saying its full-year earnings […]
July 30, 2019

Lufthansa posts drop in second-quarter earnings on rising fuel costs and price wars

German airline Lufthansa on Tuesday posted a decline in second-quarter earnings, hurt by price competition on short-haul routes in Germany and Austria as well as rising […]
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