Latest news with #737Max
Yahoo
5 hours ago
- Business
- Yahoo
Boeing's Q2 beat signals turnaround is 'continuing to progress'
Boeing (BA) released second quarter results showing a sales beat and a loss per share that was less significant than expected. Yahoo Finance Senior Reporter Pras Subramanian and Bloomberg Intelligence senior aerospace defense and airlines industry analyst George Ferguson take a closer look at the earnings print and what it signals about Boeing's turnaround efforts. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Boeing beating second quarter expectations as the company slashed costs and aircraft deliveries picked up. This is CEO Kelly Ortberg continues his turnaround playing plan saying the jet maker can quote make 2025 our turnaround year. Joining me now Yahoo Finances Pras Subramanian and George Ferguson Bloomberg Intelligence, Senior Aerospace Defense and Airlines industry analyst. Guys, thanks for being here. Pras, I want to start with you. Sort of give us the the bullet point takeaways on these results and what we need to know. Yeah, I mean, I think the turnaround plan like that that Ortberg has mentioned is it is working. I mean, revenue up 35% compared to a year ago. Uh narrower core loss per share than expected, but big is that I think the big point is a cash burn cut to 200 million in Q2. A massive improvement compared to the 2.3 billion burned last quarter and 4.3 billion burned a year ago in the same quarter. So that's really changing the dynamics there. What's helping there is they're delivering more planes. Finally, 150, 150 deliveries in Q2. They hit 38 737 Max planes per month in Q2. So, you know, Ortberg optimistic here saying that the start of the second half of the year, we're moving in the right direction ahead of where I thought we'd be in a recovery. If we continue to tackle the important work ahead of us and focus on safety, quality and stability, we can navigate the dynamic global environment, make 2025 our turnaround year. So strong statements here for a company that a year ago was was struggling pretty much. And and it's also kind of remarkable, George, that the cash burn that has turned around now and was positive on an operating business in the core, on an operating basis in the quarter. How did they achieve that and can they sustain that? Yes, so I agreed. I think that, you know, that cash generation number is I think is one of the most key metrics to watch for Boeing. Uh it was all about deliveries, right? Deliveries are rising. Uh most importantly the 737 Max, that's their money maker. Uh they had what a bit over 100 deliveries this quarter. We think they could have 135 or so of those deliveries next quarter. We're looking for them to double those deliveries this year. Um that's going to help them continue to generate cash. They've got a lot of inventory in the balance sheet, $89 billion, tens of billions of dollars above where it should be. And as they deliver these airplanes, we think that they won't bring the suppliers up as quickly as they start to deliver airplanes and bring down that inventory and continue to unlock cash. And that cash is, you know, is going going to help them improve the balance sheet. So everything I saw in the quarter looked like uh the turnaround is uh is continuing to progress. George, I'm curious how much of that deliveries boost was a result of some of the strong arming on the part of the US administration trying to increase deliveries from from other countries. And if so, you know, how sustainable is that? Yeah, I mean, I think they they dial in these deliveries, you know, um I think they actually start cutting sort of airplanes and building components a couple years out, some of the long lead time items. So I think it'd be hard for the the Trump administration to sort of strong arm and get and get these deliveries sort of pushed up in in short order. I mean, one of the concerns though around deliveries would be the tariff situation. Boeing has a really important customer in uh Europe, Ryanair. We didn't see any deliveries in in the last month. Um and you know, it seems like the tariff situation is sorting itself out. And I think as long as that tariff situation continues to sort itself out, you won't see Boeing building airplanes and parking them on the tarmac, right? They need to get them delivered to the customer to get the cash. That's the one thing I think, you know, we're a little bit concerned about, but so far it seems to be working fine. So I mean, I'm uh I I think they're I think they're going to do all right getting deliveries out the door this year. 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CNBC
6 hours ago
- Business
- CNBC
Boeing slashes losses as CEO touts 'our turnaround year'
Boeing slashed its quarterly losses as sales jumped after it delivered the most airplanes since 2018. The aerospace giant lost $176 million in the three months ended June 30, down from $1.09 billion a year earlier. Boeing will discuss an increase in 737 Max production rates in the coming months.
Yahoo
6 hours ago
- Business
- Yahoo
Earnings live: Spotify, Novo, UnitedHealth stocks slide after results; Boeing beats
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors will be treated to another flurry of quarterly results from Big Tech companies, including Microsoft (MSFT), Apple (AAPL), Meta (META), and Amazon (AMZN). This week's reports also include updates from Spotify (SPOT), Ford (F), Procter & Gamble (PG), Boeing (BA), Starbucks (SBUX), and Qualcomm (QCOM), among others. Data from FactSet published Friday showed that with 34% of the index having reported results, analysts expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. Boeing Q2 results beat expectations as planemaker slashes costs Boeing (BA) reported second quarter earnings on Tuesday that topped expectations — and stemmed the tide of cash burn that's plagued Boeing since early last year as CEO Kelly Ortberg continues his turnaround of the beleaguered jet maker. Boeing reported revenue of $22.7 billion, more than the $21.68 billion analysts had forecast, according to Bloomberg data and a 35% jump compared to a year ago. Last year, the company was mired in a production slowdown stemming from the door plug blowout of an Alaska Airlines 737 Max jet. The company posted adjusted loss per share of $1.24, less than the $1.40 that was forecast, while its operating loss tallied $176 million more than the $161.1 million estimated. Most importantly, Boeing's cash burn rate was cut to just $200 million in Q2, a massive improvement to the $2.3 billion cash burn last quarter and the $4.3 billion cash burn seen a year ago. Read more here. Spotify stock sinks after Q2 earnings miss Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the audio streamer missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year, as the stock rebounded from 2022 lows on the back of price hikes, cost cuts, and investor enthusiasm for AI and advertising. Spotify hit a record high of $738.45 earlier this month, but shares slid to around $635 immediately following the results. Spotify reported second quarter revenue of €4.19 billion ($4.86 billion), missing analyst expectations of €4.27 billion, though up from €3.81 billion in the same period last year. The company posted an adjusted loss of €0.42 ($0.49) per share, sharply missing forecasts for a profit of €1.97 and down from earnings of €1.33 in Q2 2024. "Outsized currency movements during the quarter impacted reported revenue by €104 million vs. guidance," the company said in the earnings release. Operating income also fell short of expectations, although subscriber metrics Spotify's massive rally heading into the earnings report was fueled by a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Read more here. Royal Caribbean lifts annual profit forecast on steady cruise demand Royal Caribbean's (RCL) stock fell 8% on Tuesday after the cruise line forecast its current-quarter profit below estimates. The company raised its annual forecast and is banking on resilient demand for its luxury destinations. Reuters reports: Read more here. Starbucks set to report 6th straight US sales decline amid turnaround efforts Starbucks (SBUX) will report second quarter earnings after the bell on Tuesday, and the company faces several headwinds as it looks to gain traction on its turnaround efforts and as consumers pull back on coffee purchases. Same-store sales are expected to decline once again, despite new CEO Brian Niccol's initiatives and cost-cutting efforts. Yahoo Finance's Brooke DiPalma previews what Wall Street is watching for: Read more here. Stellantis to absorb $1.7 billion in tariff costs in 2025 Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. P&G beats on earnings, warns of $1 billion tariff hit The consumer goods giant, Proctor and Gamble (PG) said on Tuesday that it will see a $1 billion hit to profits in its new fiscal year as a result of tariffs. Yahoo Finance's executive editor Brian Sozzi looks into the latest earnings report from makers of Tide and Pampers. Read more here. Philips soars after lifting margin outlook on softer tariff hit Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. UPS profit misses estimates on shifting US trade policy UPS (UPS) stock fell 4% premarket on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from the "de minimis" tariffs on low-value Chinese shipments. The company did not update its full year revenue and operating profit due to growing economic uncertainty. Reuters reports: Read more here. Novo stock sinks as company cuts 2025 sales growth, operating profit outlook From Reuters: Read more here. PayPal lifts 2025 profit forecast above estimates as turnaround picks up pace From Reuters: The stock was down in premarket trading. Read more here. UnitedHealth stock slips after muted earnings, higher-than-expected costs Shares of UnitedHealth Group (UNH) fell over 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Procter & Gamble announces new CEO ahead of quarterly results Procter & Gamble (PG) just announced a major C-suite shakeup ahead of its quarterly earnings report, scheduled for release before the bell on Tuesday morning. The consumer products giant said late Monday that Shailesh Jejurikar will succeed CEO Jon Moeller on Jan. 1, 2026. Yahoo Finance's Brian Sozzi reports: Read more here. Spotify set to report earnings as investor optimism meets cautious guidance Spotify (SPOT) is set to report second quarter earnings on Tuesday before the bell, and investors are weighing the music streamer's long-term monetization potential against softer near-term guidance. Yahoo Finance's Allie Canal reports that Spotify stock has risen 120% over the past 12 months. The company's massive stock rally has followed a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Here's what Wall Street expects from the upcoming results, according to Bloomberg consensus estimates: Read more here. Whirlpool stock tumbles after trimming earnings guidance Whirlpool (WHR) stock tumbled 12% after hours. The Michigan-based maker of washers and dryers reported diluted earnings of $1.17 per share on net sales of $3.7 billion. Wall Street was expecting earnings of $1.58 per share on net sales of $3.8 billion. Investors have been watching Whirlpool, which manufactures most of its appliances in the US, as a potential winner from President Trump's tariffs. However, the company hasn't seen the benefits of Trump's policies yet. In fact, retailers front-running expected tariffs appeared to weigh on the company's second quarter results. "As expected, the second quarter continued to be impacted by competitors stockpiling Asian imports into the U.S.," the company said in the earnings release. "Despite this, we are well positioned in North America with a robust pipeline of new products, the industry's leading U.S. manufacturing footprint, and favorable housing demand fundamentals. We are confident in our long-term strategy and believe that evolving tariff policies will ultimately support domestic manufacturers." Whirlpool also cut its full-year guidance to $6 to $8 a share (previously it was $10 a share) and recommended slashing its quarterly dividend to $0.90 per share from $1.75 per share. Waste Management beats on revenue, earnings Waste Management (WM) reported earnings and revenue that beat Wall Street expectations, sending the shares marginally higher in after-hours trading. Earnings per share of $1.92 were ahead of estimates for earnings of $1.90 per share, while revenue of $6.43 billion exceeded estimates of $6.35 billion, per S&P Global Market Intelligence. "Our second quarter results are a strong demonstration of our progress on all fronts," WM CEO Jim Fish said in a release. "Our Collection and Disposal business produced robust organic revenue growth and margin expansion, achieving the Company's best-ever operating expense margin." Waste Management stock rose 0.7% following the results. Tilray stock sinks after earnings Tilray stock (TLRY) reversed gains, sinking over 6% after hours after the Canadian cannabis company posted mixed quarterly results. Net revenue was $224.5 million in the fourth quarter compared to $229.9 million in the same period a year ago and $233 million estimated, per S&P Global Market Intelligence. Tilray posted adjusted earnings of $0.02 per share, compared to expectations for flat profitability. For its fiscal year ended May 31, 2026, Tilray expects to achieve adjusted EBITDA of $62 million to $72 million Listen to the earnings call live here. An earnings scorecard Yahoo Finance's Josh Schafer reports: Read more here. S&P 500 hits record highs amid parade of earnings with more Big Tech results on deck The S&P 500 (^GSPC) cleared its fifth straight record high on Friday after a busy week of earnings, headlined by reports from Google (GOOG) and (TSLA). With 34% of S&P 500 companies having reported results, 80% have reported a positive earnings per share surprise, and 80% reported a positive revenue surprise. Earnings season isn't slowing down just yet, however, with more major companies reporting next week. Notable companies reporting include Big Tech giants such as Microsoft (MSFT) and Apple (AAPL) and consumer-facing names like Procter & Gamble (PG) and Mastercard (MA) that can provide an updated view on consumer health. Here's a look at the earnings calendar for the next five business days: Monday: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Tuesday: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Wednesday: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Thursday: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Friday: Chevron (CVX), Colgate-Palmolive (CL), Exxon Mobil (XOM) Intel turnaround story could realistically take years, analyst says Intel (INTC) stock fell 9% on Friday after the company reported quarterly results on Thursday that showed it was focused on cost-cutting. Intel's revenue of $12.8 billion beat analyst expectations of $11.8 billion, per Bloomberg data, and the chipmaker issued an upbeat Q3 revenue forecast of between $12.6 billion and $13.6 billion. But the company continues to face challenges as it attempts to transform into a chipmaker as well as a chip designer. As Yahoo Finance's Laura Bratton noted in our markets blog, investors focused on Intel's manufacturing roadmap instead of its headline numbers for the quarter. Intel, once a leading global chipmaker, has fallen behind its rivals in both its own products and its attempt to manufacture chips for outside customers. 'This is a multiquarter — realistically, probably multiyear — kind of complete turnaround story before all the benefits start to show up,' TECHnalysis Research president and chief analyst Bob O'Donnell told Yahoo Finance following the report. Boston Beer Company says strong profits helped brewer absorb tariff costs The Boston Beer Company (SAM) reported earnings and revenue that topped analyst expectations on Thursday, and the Samuel Adams brewer maintained its earnings outlook for the year. Profits were $5.45 per share on revenue of $625 million, versus estimates for earnings of $4.00 per share on $588 million, according to S&P Global Market Intelligence. SAM stock popped 6% on Friday, as the company also said it expects to see lower tariff costs than previously expected. For the full year, Boston Beer expects tariffs to weigh on costs by about $15 million to $20 million, instead of the $20 million to $30 million it previously modeled. "Right now, I think we're very happy with the performance," Boston Beer CEO Michael Spillane said on the earnings call. "Not only that, but that's allowed us to offset some of the tariffs that we've seen so far." Boeing (BA) reported second quarter earnings on Tuesday that topped expectations — and stemmed the tide of cash burn that's plagued Boeing since early last year as CEO Kelly Ortberg continues his turnaround of the beleaguered jet maker. Boeing reported revenue of $22.7 billion, more than the $21.68 billion analysts had forecast, according to Bloomberg data and a 35% jump compared to a year ago. Last year, the company was mired in a production slowdown stemming from the door plug blowout of an Alaska Airlines 737 Max jet. The company posted adjusted loss per share of $1.24, less than the $1.40 that was forecast, while its operating loss tallied $176 million more than the $161.1 million estimated. Most importantly, Boeing's cash burn rate was cut to just $200 million in Q2, a massive improvement to the $2.3 billion cash burn last quarter and the $4.3 billion cash burn seen a year ago. Read more here. Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the audio streamer missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year, as the stock rebounded from 2022 lows on the back of price hikes, cost cuts, and investor enthusiasm for AI and advertising. Spotify hit a record high of $738.45 earlier this month, but shares slid to around $635 immediately following the results. Spotify reported second quarter revenue of €4.19 billion ($4.86 billion), missing analyst expectations of €4.27 billion, though up from €3.81 billion in the same period last year. The company posted an adjusted loss of €0.42 ($0.49) per share, sharply missing forecasts for a profit of €1.97 and down from earnings of €1.33 in Q2 2024. "Outsized currency movements during the quarter impacted reported revenue by €104 million vs. guidance," the company said in the earnings release. Operating income also fell short of expectations, although subscriber metrics Spotify's massive rally heading into the earnings report was fueled by a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Read more here. Royal Caribbean lifts annual profit forecast on steady cruise demand Royal Caribbean's (RCL) stock fell 8% on Tuesday after the cruise line forecast its current-quarter profit below estimates. The company raised its annual forecast and is banking on resilient demand for its luxury destinations. Reuters reports: Read more here. Royal Caribbean's (RCL) stock fell 8% on Tuesday after the cruise line forecast its current-quarter profit below estimates. The company raised its annual forecast and is banking on resilient demand for its luxury destinations. Reuters reports: Read more here. Starbucks set to report 6th straight US sales decline amid turnaround efforts Starbucks (SBUX) will report second quarter earnings after the bell on Tuesday, and the company faces several headwinds as it looks to gain traction on its turnaround efforts and as consumers pull back on coffee purchases. Same-store sales are expected to decline once again, despite new CEO Brian Niccol's initiatives and cost-cutting efforts. Yahoo Finance's Brooke DiPalma previews what Wall Street is watching for: Read more here. Starbucks (SBUX) will report second quarter earnings after the bell on Tuesday, and the company faces several headwinds as it looks to gain traction on its turnaround efforts and as consumers pull back on coffee purchases. Same-store sales are expected to decline once again, despite new CEO Brian Niccol's initiatives and cost-cutting efforts. Yahoo Finance's Brooke DiPalma previews what Wall Street is watching for: Read more here. Stellantis to absorb $1.7 billion in tariff costs in 2025 Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. P&G beats on earnings, warns of $1 billion tariff hit The consumer goods giant, Proctor and Gamble (PG) said on Tuesday that it will see a $1 billion hit to profits in its new fiscal year as a result of tariffs. Yahoo Finance's executive editor Brian Sozzi looks into the latest earnings report from makers of Tide and Pampers. Read more here. The consumer goods giant, Proctor and Gamble (PG) said on Tuesday that it will see a $1 billion hit to profits in its new fiscal year as a result of tariffs. Yahoo Finance's executive editor Brian Sozzi looks into the latest earnings report from makers of Tide and Pampers. Read more here. Philips soars after lifting margin outlook on softer tariff hit Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. UPS profit misses estimates on shifting US trade policy UPS (UPS) stock fell 4% premarket on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from the "de minimis" tariffs on low-value Chinese shipments. The company did not update its full year revenue and operating profit due to growing economic uncertainty. Reuters reports: Read more here. UPS (UPS) stock fell 4% premarket on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from the "de minimis" tariffs on low-value Chinese shipments. The company did not update its full year revenue and operating profit due to growing economic uncertainty. Reuters reports: Read more here. Novo stock sinks as company cuts 2025 sales growth, operating profit outlook From Reuters: Read more here. From Reuters: Read more here. PayPal lifts 2025 profit forecast above estimates as turnaround picks up pace From Reuters: The stock was down in premarket trading. Read more here. From Reuters: The stock was down in premarket trading. Read more here. UnitedHealth stock slips after muted earnings, higher-than-expected costs Shares of UnitedHealth Group (UNH) fell over 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Shares of UnitedHealth Group (UNH) fell over 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Procter & Gamble announces new CEO ahead of quarterly results Procter & Gamble (PG) just announced a major C-suite shakeup ahead of its quarterly earnings report, scheduled for release before the bell on Tuesday morning. The consumer products giant said late Monday that Shailesh Jejurikar will succeed CEO Jon Moeller on Jan. 1, 2026. Yahoo Finance's Brian Sozzi reports: Read more here. Procter & Gamble (PG) just announced a major C-suite shakeup ahead of its quarterly earnings report, scheduled for release before the bell on Tuesday morning. The consumer products giant said late Monday that Shailesh Jejurikar will succeed CEO Jon Moeller on Jan. 1, 2026. Yahoo Finance's Brian Sozzi reports: Read more here. Spotify set to report earnings as investor optimism meets cautious guidance Spotify (SPOT) is set to report second quarter earnings on Tuesday before the bell, and investors are weighing the music streamer's long-term monetization potential against softer near-term guidance. Yahoo Finance's Allie Canal reports that Spotify stock has risen 120% over the past 12 months. The company's massive stock rally has followed a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Here's what Wall Street expects from the upcoming results, according to Bloomberg consensus estimates: Read more here. Spotify (SPOT) is set to report second quarter earnings on Tuesday before the bell, and investors are weighing the music streamer's long-term monetization potential against softer near-term guidance. Yahoo Finance's Allie Canal reports that Spotify stock has risen 120% over the past 12 months. The company's massive stock rally has followed a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Here's what Wall Street expects from the upcoming results, according to Bloomberg consensus estimates: Read more here. Whirlpool stock tumbles after trimming earnings guidance Whirlpool (WHR) stock tumbled 12% after hours. The Michigan-based maker of washers and dryers reported diluted earnings of $1.17 per share on net sales of $3.7 billion. Wall Street was expecting earnings of $1.58 per share on net sales of $3.8 billion. Investors have been watching Whirlpool, which manufactures most of its appliances in the US, as a potential winner from President Trump's tariffs. However, the company hasn't seen the benefits of Trump's policies yet. In fact, retailers front-running expected tariffs appeared to weigh on the company's second quarter results. "As expected, the second quarter continued to be impacted by competitors stockpiling Asian imports into the U.S.," the company said in the earnings release. "Despite this, we are well positioned in North America with a robust pipeline of new products, the industry's leading U.S. manufacturing footprint, and favorable housing demand fundamentals. We are confident in our long-term strategy and believe that evolving tariff policies will ultimately support domestic manufacturers." Whirlpool also cut its full-year guidance to $6 to $8 a share (previously it was $10 a share) and recommended slashing its quarterly dividend to $0.90 per share from $1.75 per share. Whirlpool (WHR) stock tumbled 12% after hours. The Michigan-based maker of washers and dryers reported diluted earnings of $1.17 per share on net sales of $3.7 billion. Wall Street was expecting earnings of $1.58 per share on net sales of $3.8 billion. Investors have been watching Whirlpool, which manufactures most of its appliances in the US, as a potential winner from President Trump's tariffs. However, the company hasn't seen the benefits of Trump's policies yet. In fact, retailers front-running expected tariffs appeared to weigh on the company's second quarter results. "As expected, the second quarter continued to be impacted by competitors stockpiling Asian imports into the U.S.," the company said in the earnings release. "Despite this, we are well positioned in North America with a robust pipeline of new products, the industry's leading U.S. manufacturing footprint, and favorable housing demand fundamentals. We are confident in our long-term strategy and believe that evolving tariff policies will ultimately support domestic manufacturers." Whirlpool also cut its full-year guidance to $6 to $8 a share (previously it was $10 a share) and recommended slashing its quarterly dividend to $0.90 per share from $1.75 per share. Waste Management beats on revenue, earnings Waste Management (WM) reported earnings and revenue that beat Wall Street expectations, sending the shares marginally higher in after-hours trading. Earnings per share of $1.92 were ahead of estimates for earnings of $1.90 per share, while revenue of $6.43 billion exceeded estimates of $6.35 billion, per S&P Global Market Intelligence. "Our second quarter results are a strong demonstration of our progress on all fronts," WM CEO Jim Fish said in a release. "Our Collection and Disposal business produced robust organic revenue growth and margin expansion, achieving the Company's best-ever operating expense margin." Waste Management stock rose 0.7% following the results. Waste Management (WM) reported earnings and revenue that beat Wall Street expectations, sending the shares marginally higher in after-hours trading. Earnings per share of $1.92 were ahead of estimates for earnings of $1.90 per share, while revenue of $6.43 billion exceeded estimates of $6.35 billion, per S&P Global Market Intelligence. "Our second quarter results are a strong demonstration of our progress on all fronts," WM CEO Jim Fish said in a release. "Our Collection and Disposal business produced robust organic revenue growth and margin expansion, achieving the Company's best-ever operating expense margin." Waste Management stock rose 0.7% following the results. Tilray stock sinks after earnings Tilray stock (TLRY) reversed gains, sinking over 6% after hours after the Canadian cannabis company posted mixed quarterly results. Net revenue was $224.5 million in the fourth quarter compared to $229.9 million in the same period a year ago and $233 million estimated, per S&P Global Market Intelligence. Tilray posted adjusted earnings of $0.02 per share, compared to expectations for flat profitability. For its fiscal year ended May 31, 2026, Tilray expects to achieve adjusted EBITDA of $62 million to $72 million Listen to the earnings call live here. Tilray stock (TLRY) reversed gains, sinking over 6% after hours after the Canadian cannabis company posted mixed quarterly results. Net revenue was $224.5 million in the fourth quarter compared to $229.9 million in the same period a year ago and $233 million estimated, per S&P Global Market Intelligence. Tilray posted adjusted earnings of $0.02 per share, compared to expectations for flat profitability. For its fiscal year ended May 31, 2026, Tilray expects to achieve adjusted EBITDA of $62 million to $72 million Listen to the earnings call live here. An earnings scorecard Yahoo Finance's Josh Schafer reports: Read more here. Yahoo Finance's Josh Schafer reports: Read more here. S&P 500 hits record highs amid parade of earnings with more Big Tech results on deck The S&P 500 (^GSPC) cleared its fifth straight record high on Friday after a busy week of earnings, headlined by reports from Google (GOOG) and (TSLA). With 34% of S&P 500 companies having reported results, 80% have reported a positive earnings per share surprise, and 80% reported a positive revenue surprise. Earnings season isn't slowing down just yet, however, with more major companies reporting next week. Notable companies reporting include Big Tech giants such as Microsoft (MSFT) and Apple (AAPL) and consumer-facing names like Procter & Gamble (PG) and Mastercard (MA) that can provide an updated view on consumer health. Here's a look at the earnings calendar for the next five business days: Monday: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Tuesday: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Wednesday: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Thursday: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Friday: Chevron (CVX), Colgate-Palmolive (CL), Exxon Mobil (XOM) The S&P 500 (^GSPC) cleared its fifth straight record high on Friday after a busy week of earnings, headlined by reports from Google (GOOG) and (TSLA). With 34% of S&P 500 companies having reported results, 80% have reported a positive earnings per share surprise, and 80% reported a positive revenue surprise. Earnings season isn't slowing down just yet, however, with more major companies reporting next week. Notable companies reporting include Big Tech giants such as Microsoft (MSFT) and Apple (AAPL) and consumer-facing names like Procter & Gamble (PG) and Mastercard (MA) that can provide an updated view on consumer health. Here's a look at the earnings calendar for the next five business days: Monday: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Tuesday: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Wednesday: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Thursday: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Friday: Chevron (CVX), Colgate-Palmolive (CL), Exxon Mobil (XOM) Intel turnaround story could realistically take years, analyst says Intel (INTC) stock fell 9% on Friday after the company reported quarterly results on Thursday that showed it was focused on cost-cutting. Intel's revenue of $12.8 billion beat analyst expectations of $11.8 billion, per Bloomberg data, and the chipmaker issued an upbeat Q3 revenue forecast of between $12.6 billion and $13.6 billion. But the company continues to face challenges as it attempts to transform into a chipmaker as well as a chip designer. As Yahoo Finance's Laura Bratton noted in our markets blog, investors focused on Intel's manufacturing roadmap instead of its headline numbers for the quarter. Intel, once a leading global chipmaker, has fallen behind its rivals in both its own products and its attempt to manufacture chips for outside customers. 'This is a multiquarter — realistically, probably multiyear — kind of complete turnaround story before all the benefits start to show up,' TECHnalysis Research president and chief analyst Bob O'Donnell told Yahoo Finance following the report. Intel (INTC) stock fell 9% on Friday after the company reported quarterly results on Thursday that showed it was focused on cost-cutting. Intel's revenue of $12.8 billion beat analyst expectations of $11.8 billion, per Bloomberg data, and the chipmaker issued an upbeat Q3 revenue forecast of between $12.6 billion and $13.6 billion. But the company continues to face challenges as it attempts to transform into a chipmaker as well as a chip designer. As Yahoo Finance's Laura Bratton noted in our markets blog, investors focused on Intel's manufacturing roadmap instead of its headline numbers for the quarter. Intel, once a leading global chipmaker, has fallen behind its rivals in both its own products and its attempt to manufacture chips for outside customers. 'This is a multiquarter — realistically, probably multiyear — kind of complete turnaround story before all the benefits start to show up,' TECHnalysis Research president and chief analyst Bob O'Donnell told Yahoo Finance following the report. Boston Beer Company says strong profits helped brewer absorb tariff costs The Boston Beer Company (SAM) reported earnings and revenue that topped analyst expectations on Thursday, and the Samuel Adams brewer maintained its earnings outlook for the year. Profits were $5.45 per share on revenue of $625 million, versus estimates for earnings of $4.00 per share on $588 million, according to S&P Global Market Intelligence. SAM stock popped 6% on Friday, as the company also said it expects to see lower tariff costs than previously expected. For the full year, Boston Beer expects tariffs to weigh on costs by about $15 million to $20 million, instead of the $20 million to $30 million it previously modeled. "Right now, I think we're very happy with the performance," Boston Beer CEO Michael Spillane said on the earnings call. "Not only that, but that's allowed us to offset some of the tariffs that we've seen so far." The Boston Beer Company (SAM) reported earnings and revenue that topped analyst expectations on Thursday, and the Samuel Adams brewer maintained its earnings outlook for the year. Profits were $5.45 per share on revenue of $625 million, versus estimates for earnings of $4.00 per share on $588 million, according to S&P Global Market Intelligence. SAM stock popped 6% on Friday, as the company also said it expects to see lower tariff costs than previously expected. For the full year, Boston Beer expects tariffs to weigh on costs by about $15 million to $20 million, instead of the $20 million to $30 million it previously modeled. "Right now, I think we're very happy with the performance," Boston Beer CEO Michael Spillane said on the earnings call. "Not only that, but that's allowed us to offset some of the tariffs that we've seen so far."
Yahoo
8 hours ago
- Business
- Yahoo
Boeing Q2 results beat expectations as plane maker slashes costs
Boeing (BA) reported second quarter earnings on Tuesday that topped expectations and stemmed the tide of cash burn that has plagued the company since early last year as CEO Kelly Ortberg continues his turnaround of the beleaguered jet maker. Boeing reported revenue of $22.7 billion vs. $21.68 billion analysts had forecast, according to Bloomberg data, and a 35% jump compared to a year ago. Last year, the company was mired in a production slowdown stemming from the door plug blowout of an Alaska Airlines 737 Max jet. The company posted an adjusted loss per share of $1.24, less than the $1.40 forecast, while its operating loss came in at $176 million, deeper than the expected $161.1 million. Most importantly, Boeing's cash burn was cut to $200 million during the quarter, a massive improvement from the $2.3 billion cash burn seen last quarter and the $4.3 billion it went through in the same quarter last year. "With the start of the second half of the year, we are moving in the right direction and ahead of where I thought we would be in our recovery," CEO Kelly Ortberg said in a memo to employees. "If we continue to tackle the important work ahead of us and focus on safety, quality, and stability, we can navigate the dynamic global environment and make 2025 our turnaround year." Boeing stock was up over 2% in early trade. Read more: Live coverage of corporate earnings Boeing, once the world's largest plane maker, is in the process of turning its business around following a disastrous 2024, which began with the aforementioned door plug blowout in January. Issues with its supplier Spirit AeroSystems (SPR) and various whistleblower complaints stemming from both production of the 737 Max jet and widebody 787 Dreamliner eventually cost then-CEO Dave Calhoun his job, with Kelly Ortberg named the new CEO in late July and starting on Aug. 8. Ortberg began his turnaround plan deliberately, slowing production of Boeing's jets to hammer out production issues and slowly boosting production in close conjunction with FAA regulators. Earlier this month, Boeing announced that commercial deliveries hit 150 jets vs. 130 delivered in the first quarter and 92 delivered in the year-ago quarter. Of Q2 deliveries, 102 were 737 Max jets (compared to 69 delivered a year ago), 24 were 787s (nine last year), 13 were 777s (seven last year), and nine were 767s (six last year). As for cranking up its 737 Max production, Ortberg said in late May that Boeing's goal was to reach a rate of 42 per month by midyear and to be in a position at the end of the year to review readiness for a rate of 47 per month. Boeing said 737 production hit 38 planes per month in Q2. "Boeing continues to show great progress, but the ramp-up may be more gradual than our prior view," William Blair analyst Louie DiPalma wrote shortly after Ortberg's comments. "Our earlier note indicated that a 47 monthly production rate was possible by the end of 2025. Our new view is that the 47 aircraft per month target is more likely in mid-2026." Boeing faced another crisis in June when an Air India 787 Dreamliner crashed shortly after takeoff from Ahmedabad Airport. Initial reports, however, suggest pilot error may have caused the crash, with the engine fuel control switches moved to the "cut-off" position. Investigators are still trying to determine why that was the case. President Trump's announcement of a trade deal with the EU is seen as a positive for both the autos and aviation sectors, as there was an expectation that the EU would have retaliated with punitive tariffs on aviation products and parts coming from the US. Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Sign in to access your portfolio
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10 hours ago
- Business
- Yahoo
Earnings live: Spotify, Novo, UnitedHealth stocks slide after results; Boeing beats
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors will be treated to another flurry of quarterly results from Big Tech companies, including Microsoft (MSFT), Apple (AAPL), Meta (META), and Amazon (AMZN). This week's reports also include updates from Spotify (SPOT), Ford (F), Procter & Gamble (PG), Boeing (BA), Starbucks (SBUX), and Qualcomm (QCOM), among others. Data from FactSet published Friday showed that with 34% of the index having reported results, analysts expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. Boeing Q2 results beat expectations as planemaker slashes costs Boeing (BA) reported second quarter earnings on Tuesday that topped expectations — and stemmed the tide of cash burn that's plagued Boeing since early last year as CEO Kelly Ortberg continues his turnaround of the beleaguered jet maker. Boeing reported revenue of $22.7 billion, more than the $21.68 billion analysts had forecast, according to Bloomberg data and a 35% jump compared to a year ago. Last year, the company was mired in a production slowdown stemming from the door plug blowout of an Alaska Airlines 737 Max jet. The company posted adjusted loss per share of $1.24, less than the $1.40 that was forecast, while its operating loss tallied $176 million more than the $161.1 million estimated. Most importantly, Boeing's cash burn rate was cut to just $200 million in Q2, a massive improvement to the $2.3 billion cash burn last quarter and the $4.3 billion cash burn seen a year ago. Read more here. Spotify stock sinks after Q2 earnings miss Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the audio streamer missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year, as the stock rebounded from 2022 lows on the back of price hikes, cost cuts, and investor enthusiasm for AI and advertising. Spotify hit a record high of $738.45 earlier this month, but shares slid to around $635 immediately following the results. Spotify reported second quarter revenue of €4.19 billion ($4.86 billion), missing analyst expectations of €4.27 billion, though up from €3.81 billion in the same period last year. The company posted an adjusted loss of €0.42 ($0.49) per share, sharply missing forecasts for a profit of €1.97 and down from earnings of €1.33 in Q2 2024. "Outsized currency movements during the quarter impacted reported revenue by €104 million vs. guidance," the company said in the earnings release. Operating income also fell short of expectations, although subscriber metrics Spotify's massive rally heading into the earnings report was fueled by a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Read more here. UPS (UPS) stock fell 4% premarket on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from the "de minimis" tariffs on low-value Chinese shipments. The company did not update its full year revenue and operating profit due to growing economic uncertainty. Reuters reports: Read more here. Novo stock sinks as company cuts 2025 sales growth, operating profit outlook From Reuters: Read more here. PayPal lifts 2025 profit forecast above estimates as turnaround picks up pace From Reuters: The stock was down in premarket trading. Read more here. UnitedHealth stock slips after muted earnings, higher-than-expected costs Shares of UnitedHealth Group (UNH) fell over 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Procter & Gamble announces new CEO ahead of quarterly results Procter & Gamble (PG) just announced a major C-suite shakeup ahead of its quarterly earnings report, scheduled for release before the bell on Tuesday morning. The consumer products giant said late Monday that Shailesh Jejurikar will succeed CEO Jon Moeller on Jan. 1, 2026. Yahoo Finance's Brian Sozzi reports: Read more here. Spotify set to report earnings as investor optimism meets cautious guidance Spotify (SPOT) is set to report second quarter earnings on Tuesday before the bell, and investors are weighing the music streamer's long-term monetization potential against softer near-term guidance. Yahoo Finance's Allie Canal reports that Spotify stock has risen 120% over the past 12 months. The company's massive stock rally has followed a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Here's what Wall Street expects from the upcoming results, according to Bloomberg consensus estimates: Read more here. Whirlpool stock tumbles after trimming earnings guidance Whirlpool (WHR) stock tumbled 12% after hours. The Michigan-based maker of washers and dryers reported diluted earnings of $1.17 per share on net sales of $3.7 billion. Wall Street was expecting earnings of $1.58 per share on net sales of $3.8 billion. Investors have been watching Whirlpool, which manufactures most of its appliances in the US, as a potential winner from President Trump's tariffs. However, the company hasn't seen the benefits of Trump's policies yet. In fact, retailers front-running expected tariffs appeared to weigh on the company's second quarter results. "As expected, the second quarter continued to be impacted by competitors stockpiling Asian imports into the U.S.," the company said in the earnings release. "Despite this, we are well positioned in North America with a robust pipeline of new products, the industry's leading U.S. manufacturing footprint, and favorable housing demand fundamentals. We are confident in our long-term strategy and believe that evolving tariff policies will ultimately support domestic manufacturers." Whirlpool also cut its full-year guidance to $6 to $8 a share (previously it was $10 a share) and recommended slashing its quarterly dividend to $0.90 per share from $1.75 per share. Waste Management beats on revenue, earnings Waste Management (WM) reported earnings and revenue that beat Wall Street expectations, sending the shares marginally higher in after-hours trading. Earnings per share of $1.92 were ahead of estimates for earnings of $1.90 per share, while revenue of $6.43 billion exceeded estimates of $6.35 billion, per S&P Global Market Intelligence. "Our second quarter results are a strong demonstration of our progress on all fronts," WM CEO Jim Fish said in a release. "Our Collection and Disposal business produced robust organic revenue growth and margin expansion, achieving the Company's best-ever operating expense margin." Waste Management stock rose 0.7% following the results. Tilray stock sinks after earnings Tilray stock (TLRY) reversed gains, sinking over 6% after hours after the Canadian cannabis company posted mixed quarterly results. Net revenue was $224.5 million in the fourth quarter compared to $229.9 million in the same period a year ago and $233 million estimated, per S&P Global Market Intelligence. Tilray posted adjusted earnings of $0.02 per share, compared to expectations for flat profitability. For its fiscal year ended May 31, 2026, Tilray expects to achieve adjusted EBITDA of $62 million to $72 million Listen to the earnings call live here. An earnings scorecard Yahoo Finance's Josh Schafer reports: Read more here. S&P 500 hits record highs amid parade of earnings with more Big Tech results on deck The S&P 500 (^GSPC) cleared its fifth straight record high on Friday after a busy week of earnings, headlined by reports from Google (GOOG) and (TSLA). With 34% of S&P 500 companies having reported results, 80% have reported a positive earnings per share surprise, and 80% reported a positive revenue surprise. Earnings season isn't slowing down just yet, however, with more major companies reporting next week. Notable companies reporting include Big Tech giants such as Microsoft (MSFT) and Apple (AAPL) and consumer-facing names like Procter & Gamble (PG) and Mastercard (MA) that can provide an updated view on consumer health. Here's a look at the earnings calendar for the next five business days: Monday: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Tuesday: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Wednesday: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Thursday: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Friday: Chevron (CVX), Colgate-Palmolive (CL), Exxon Mobil (XOM) Intel turnaround story could realistically take years, analyst says Intel (INTC) stock fell 9% on Friday after the company reported quarterly results on Thursday that showed it was focused on cost-cutting. Intel's revenue of $12.8 billion beat analyst expectations of $11.8 billion, per Bloomberg data, and the chipmaker issued an upbeat Q3 revenue forecast of between $12.6 billion and $13.6 billion. But the company continues to face challenges as it attempts to transform into a chipmaker as well as a chip designer. As Yahoo Finance's Laura Bratton noted in our markets blog, investors focused on Intel's manufacturing roadmap instead of its headline numbers for the quarter. Intel, once a leading global chipmaker, has fallen behind its rivals in both its own products and its attempt to manufacture chips for outside customers. 'This is a multiquarter — realistically, probably multiyear — kind of complete turnaround story before all the benefits start to show up,' TECHnalysis Research president and chief analyst Bob O'Donnell told Yahoo Finance following the report. Boston Beer Company says strong profits helped brewer absorb tariff costs The Boston Beer Company (SAM) reported earnings and revenue that topped analyst expectations on Thursday, and the Samuel Adams brewer maintained its earnings outlook for the year. Profits were $5.45 per share on revenue of $625 million, versus estimates for earnings of $4.00 per share on $588 million, according to S&P Global Market Intelligence. SAM stock popped 6% on Friday, as the company also said it expects to see lower tariff costs than previously expected. For the full year, Boston Beer expects tariffs to weigh on costs by about $15 million to $20 million, instead of the $20 million to $30 million it previously modeled. "Right now, I think we're very happy with the performance," Boston Beer CEO Michael Spillane said on the earnings call. "Not only that, but that's allowed us to offset some of the tariffs that we've seen so far." Charter loses more broadband users in Q2 as competition heats up Charter Communications (CHTR) stock fell 10% premarket Friday after reporting a higher-than-expected fall in broadband subscribers in the second quarter. Reuters reports: Read more here. Puma stock plunges after reporting net loss, with challenges persisting throughout 2025 Puma ( stock plunged 17% after the German sports apparel company lowered its forecast and said it now expects sales to fall by double digits this year. During the second quarter, sales fell everywhere except Latin America and the Middle East, particularly in apparel (-10.7%) and accessories (-6.4%). Footwear sales grew 5.1%, which wasn't enough to offset softness elsewhere. The company swung to a net loss of 241 million euros (roughly $282 million), compared to net income of 41.9 million euros the year before. The sportswear company also noted a hit from tariffs. "Despite ongoing mitigating measures such as supply chain optimization, pricing adjustments and partner collaboration, the U.S. Tariffs are expected to have a mitigated negative impact in 2025 of around € 80 million on gross profit," Puma said in its release. Phillips 66 profit beats estimates on higher refining margins Phillips 66 (PSX) stock rose about 1% in premarket trading after the US refiner reported an adjusted profit of $2.38 per share, beating Wall Street EPS estimates of about $1.71. During the quarter, Phillips 66 returned $906 million to shareholders through dividends and share buybacks. Reuters reports: Read more here. Health insurer Centene reports surprise quarterly loss Centene's (CNC) stock fell 12% before the bell on Friday after the health insurance company reported a quarterly loss and warned of a revenue slump from government-backed plans. Read more here. Deckers stock soars after Hoka, Ugg sales surge Hoka sneakers and Ugg brand shoes boosted Deckers (DECK) sales and profits last quarter, sending shares up more than 14% after hours. On Thursday, Deckers reported net sales grew 17% to $964.5 million, above estimates of $901.4 million, per Bloomberg data. Profits surged 24%, with diluted earnings per share coming in at $0.93. "HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026," CEO Stefano Caroti said in a press release. "Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy." The main story for the quarter was Deckers' international business: International net sales rose 49.7%, offsetting a 2.8% decline in domestic sales. The company expects net sales for the current quarter in the range of $1.38 billion to $1.42 billion, in line with analyst estimates. Earnings are expected to be in the range of $1.50 to $1.55 per share. Read more here. Boeing (BA) reported second quarter earnings on Tuesday that topped expectations — and stemmed the tide of cash burn that's plagued Boeing since early last year as CEO Kelly Ortberg continues his turnaround of the beleaguered jet maker. Boeing reported revenue of $22.7 billion, more than the $21.68 billion analysts had forecast, according to Bloomberg data and a 35% jump compared to a year ago. Last year, the company was mired in a production slowdown stemming from the door plug blowout of an Alaska Airlines 737 Max jet. The company posted adjusted loss per share of $1.24, less than the $1.40 that was forecast, while its operating loss tallied $176 million more than the $161.1 million estimated. Most importantly, Boeing's cash burn rate was cut to just $200 million in Q2, a massive improvement to the $2.3 billion cash burn last quarter and the $4.3 billion cash burn seen a year ago. Read more here. Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the audio streamer missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year, as the stock rebounded from 2022 lows on the back of price hikes, cost cuts, and investor enthusiasm for AI and advertising. Spotify hit a record high of $738.45 earlier this month, but shares slid to around $635 immediately following the results. Spotify reported second quarter revenue of €4.19 billion ($4.86 billion), missing analyst expectations of €4.27 billion, though up from €3.81 billion in the same period last year. The company posted an adjusted loss of €0.42 ($0.49) per share, sharply missing forecasts for a profit of €1.97 and down from earnings of €1.33 in Q2 2024. "Outsized currency movements during the quarter impacted reported revenue by €104 million vs. guidance," the company said in the earnings release. Operating income also fell short of expectations, although subscriber metrics Spotify's massive rally heading into the earnings report was fueled by a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Read more here. UPS (UPS) stock fell 4% premarket on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from the "de minimis" tariffs on low-value Chinese shipments. The company did not update its full year revenue and operating profit due to growing economic uncertainty. Reuters reports: Read more here. UPS (UPS) stock fell 4% premarket on Tuesday after reporting a drop in second-quarter profit and revenue, as demand took a hit from the "de minimis" tariffs on low-value Chinese shipments. The company did not update its full year revenue and operating profit due to growing economic uncertainty. Reuters reports: Read more here. Novo stock sinks as company cuts 2025 sales growth, operating profit outlook From Reuters: Read more here. From Reuters: Read more here. PayPal lifts 2025 profit forecast above estimates as turnaround picks up pace From Reuters: The stock was down in premarket trading. Read more here. From Reuters: The stock was down in premarket trading. Read more here. UnitedHealth stock slips after muted earnings, higher-than-expected costs Shares of UnitedHealth Group (UNH) fell over 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Shares of UnitedHealth Group (UNH) fell over 3% after its quarterly results before the bell painted a mixed picture. Yahoo Finance's Anjalee Khemlani reports: Read more here. Procter & Gamble announces new CEO ahead of quarterly results Procter & Gamble (PG) just announced a major C-suite shakeup ahead of its quarterly earnings report, scheduled for release before the bell on Tuesday morning. The consumer products giant said late Monday that Shailesh Jejurikar will succeed CEO Jon Moeller on Jan. 1, 2026. Yahoo Finance's Brian Sozzi reports: Read more here. Procter & Gamble (PG) just announced a major C-suite shakeup ahead of its quarterly earnings report, scheduled for release before the bell on Tuesday morning. The consumer products giant said late Monday that Shailesh Jejurikar will succeed CEO Jon Moeller on Jan. 1, 2026. Yahoo Finance's Brian Sozzi reports: Read more here. Spotify set to report earnings as investor optimism meets cautious guidance Spotify (SPOT) is set to report second quarter earnings on Tuesday before the bell, and investors are weighing the music streamer's long-term monetization potential against softer near-term guidance. Yahoo Finance's Allie Canal reports that Spotify stock has risen 120% over the past 12 months. The company's massive stock rally has followed a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Here's what Wall Street expects from the upcoming results, according to Bloomberg consensus estimates: Read more here. Spotify (SPOT) is set to report second quarter earnings on Tuesday before the bell, and investors are weighing the music streamer's long-term monetization potential against softer near-term guidance. Yahoo Finance's Allie Canal reports that Spotify stock has risen 120% over the past 12 months. The company's massive stock rally has followed a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Here's what Wall Street expects from the upcoming results, according to Bloomberg consensus estimates: Read more here. Whirlpool stock tumbles after trimming earnings guidance Whirlpool (WHR) stock tumbled 12% after hours. The Michigan-based maker of washers and dryers reported diluted earnings of $1.17 per share on net sales of $3.7 billion. Wall Street was expecting earnings of $1.58 per share on net sales of $3.8 billion. Investors have been watching Whirlpool, which manufactures most of its appliances in the US, as a potential winner from President Trump's tariffs. However, the company hasn't seen the benefits of Trump's policies yet. In fact, retailers front-running expected tariffs appeared to weigh on the company's second quarter results. "As expected, the second quarter continued to be impacted by competitors stockpiling Asian imports into the U.S.," the company said in the earnings release. "Despite this, we are well positioned in North America with a robust pipeline of new products, the industry's leading U.S. manufacturing footprint, and favorable housing demand fundamentals. We are confident in our long-term strategy and believe that evolving tariff policies will ultimately support domestic manufacturers." Whirlpool also cut its full-year guidance to $6 to $8 a share (previously it was $10 a share) and recommended slashing its quarterly dividend to $0.90 per share from $1.75 per share. Whirlpool (WHR) stock tumbled 12% after hours. The Michigan-based maker of washers and dryers reported diluted earnings of $1.17 per share on net sales of $3.7 billion. Wall Street was expecting earnings of $1.58 per share on net sales of $3.8 billion. Investors have been watching Whirlpool, which manufactures most of its appliances in the US, as a potential winner from President Trump's tariffs. However, the company hasn't seen the benefits of Trump's policies yet. In fact, retailers front-running expected tariffs appeared to weigh on the company's second quarter results. "As expected, the second quarter continued to be impacted by competitors stockpiling Asian imports into the U.S.," the company said in the earnings release. "Despite this, we are well positioned in North America with a robust pipeline of new products, the industry's leading U.S. manufacturing footprint, and favorable housing demand fundamentals. We are confident in our long-term strategy and believe that evolving tariff policies will ultimately support domestic manufacturers." Whirlpool also cut its full-year guidance to $6 to $8 a share (previously it was $10 a share) and recommended slashing its quarterly dividend to $0.90 per share from $1.75 per share. Waste Management beats on revenue, earnings Waste Management (WM) reported earnings and revenue that beat Wall Street expectations, sending the shares marginally higher in after-hours trading. Earnings per share of $1.92 were ahead of estimates for earnings of $1.90 per share, while revenue of $6.43 billion exceeded estimates of $6.35 billion, per S&P Global Market Intelligence. "Our second quarter results are a strong demonstration of our progress on all fronts," WM CEO Jim Fish said in a release. "Our Collection and Disposal business produced robust organic revenue growth and margin expansion, achieving the Company's best-ever operating expense margin." Waste Management stock rose 0.7% following the results. Waste Management (WM) reported earnings and revenue that beat Wall Street expectations, sending the shares marginally higher in after-hours trading. Earnings per share of $1.92 were ahead of estimates for earnings of $1.90 per share, while revenue of $6.43 billion exceeded estimates of $6.35 billion, per S&P Global Market Intelligence. "Our second quarter results are a strong demonstration of our progress on all fronts," WM CEO Jim Fish said in a release. "Our Collection and Disposal business produced robust organic revenue growth and margin expansion, achieving the Company's best-ever operating expense margin." Waste Management stock rose 0.7% following the results. Tilray stock sinks after earnings Tilray stock (TLRY) reversed gains, sinking over 6% after hours after the Canadian cannabis company posted mixed quarterly results. Net revenue was $224.5 million in the fourth quarter compared to $229.9 million in the same period a year ago and $233 million estimated, per S&P Global Market Intelligence. Tilray posted adjusted earnings of $0.02 per share, compared to expectations for flat profitability. For its fiscal year ended May 31, 2026, Tilray expects to achieve adjusted EBITDA of $62 million to $72 million Listen to the earnings call live here. Tilray stock (TLRY) reversed gains, sinking over 6% after hours after the Canadian cannabis company posted mixed quarterly results. Net revenue was $224.5 million in the fourth quarter compared to $229.9 million in the same period a year ago and $233 million estimated, per S&P Global Market Intelligence. Tilray posted adjusted earnings of $0.02 per share, compared to expectations for flat profitability. For its fiscal year ended May 31, 2026, Tilray expects to achieve adjusted EBITDA of $62 million to $72 million Listen to the earnings call live here. An earnings scorecard Yahoo Finance's Josh Schafer reports: Read more here. Yahoo Finance's Josh Schafer reports: Read more here. S&P 500 hits record highs amid parade of earnings with more Big Tech results on deck The S&P 500 (^GSPC) cleared its fifth straight record high on Friday after a busy week of earnings, headlined by reports from Google (GOOG) and (TSLA). With 34% of S&P 500 companies having reported results, 80% have reported a positive earnings per share surprise, and 80% reported a positive revenue surprise. Earnings season isn't slowing down just yet, however, with more major companies reporting next week. Notable companies reporting include Big Tech giants such as Microsoft (MSFT) and Apple (AAPL) and consumer-facing names like Procter & Gamble (PG) and Mastercard (MA) that can provide an updated view on consumer health. Here's a look at the earnings calendar for the next five business days: Monday: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Tuesday: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Wednesday: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Thursday: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Friday: Chevron (CVX), Colgate-Palmolive (CL), Exxon Mobil (XOM) The S&P 500 (^GSPC) cleared its fifth straight record high on Friday after a busy week of earnings, headlined by reports from Google (GOOG) and (TSLA). With 34% of S&P 500 companies having reported results, 80% have reported a positive earnings per share surprise, and 80% reported a positive revenue surprise. Earnings season isn't slowing down just yet, however, with more major companies reporting next week. Notable companies reporting include Big Tech giants such as Microsoft (MSFT) and Apple (AAPL) and consumer-facing names like Procter & Gamble (PG) and Mastercard (MA) that can provide an updated view on consumer health. Here's a look at the earnings calendar for the next five business days: Monday: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Tuesday: Boeing (BA), Booking Holdings (BKNG), Caesars (CZR), Cheesecake Factory (CAKE), Merck (MRK), PayPal (PYPL), Procter & Gamble (PG), Spotify (SPOT), Starbucks (SBUX), SoFi (SOFI), UnitedHealth Group (UNH), UPS (UPS), Visa (V) Wednesday: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Thursday: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Friday: Chevron (CVX), Colgate-Palmolive (CL), Exxon Mobil (XOM) Intel turnaround story could realistically take years, analyst says Intel (INTC) stock fell 9% on Friday after the company reported quarterly results on Thursday that showed it was focused on cost-cutting. Intel's revenue of $12.8 billion beat analyst expectations of $11.8 billion, per Bloomberg data, and the chipmaker issued an upbeat Q3 revenue forecast of between $12.6 billion and $13.6 billion. But the company continues to face challenges as it attempts to transform into a chipmaker as well as a chip designer. As Yahoo Finance's Laura Bratton noted in our markets blog, investors focused on Intel's manufacturing roadmap instead of its headline numbers for the quarter. Intel, once a leading global chipmaker, has fallen behind its rivals in both its own products and its attempt to manufacture chips for outside customers. 'This is a multiquarter — realistically, probably multiyear — kind of complete turnaround story before all the benefits start to show up,' TECHnalysis Research president and chief analyst Bob O'Donnell told Yahoo Finance following the report. Intel (INTC) stock fell 9% on Friday after the company reported quarterly results on Thursday that showed it was focused on cost-cutting. Intel's revenue of $12.8 billion beat analyst expectations of $11.8 billion, per Bloomberg data, and the chipmaker issued an upbeat Q3 revenue forecast of between $12.6 billion and $13.6 billion. But the company continues to face challenges as it attempts to transform into a chipmaker as well as a chip designer. As Yahoo Finance's Laura Bratton noted in our markets blog, investors focused on Intel's manufacturing roadmap instead of its headline numbers for the quarter. Intel, once a leading global chipmaker, has fallen behind its rivals in both its own products and its attempt to manufacture chips for outside customers. 'This is a multiquarter — realistically, probably multiyear — kind of complete turnaround story before all the benefits start to show up,' TECHnalysis Research president and chief analyst Bob O'Donnell told Yahoo Finance following the report. Boston Beer Company says strong profits helped brewer absorb tariff costs The Boston Beer Company (SAM) reported earnings and revenue that topped analyst expectations on Thursday, and the Samuel Adams brewer maintained its earnings outlook for the year. Profits were $5.45 per share on revenue of $625 million, versus estimates for earnings of $4.00 per share on $588 million, according to S&P Global Market Intelligence. SAM stock popped 6% on Friday, as the company also said it expects to see lower tariff costs than previously expected. For the full year, Boston Beer expects tariffs to weigh on costs by about $15 million to $20 million, instead of the $20 million to $30 million it previously modeled. "Right now, I think we're very happy with the performance," Boston Beer CEO Michael Spillane said on the earnings call. "Not only that, but that's allowed us to offset some of the tariffs that we've seen so far." The Boston Beer Company (SAM) reported earnings and revenue that topped analyst expectations on Thursday, and the Samuel Adams brewer maintained its earnings outlook for the year. Profits were $5.45 per share on revenue of $625 million, versus estimates for earnings of $4.00 per share on $588 million, according to S&P Global Market Intelligence. SAM stock popped 6% on Friday, as the company also said it expects to see lower tariff costs than previously expected. For the full year, Boston Beer expects tariffs to weigh on costs by about $15 million to $20 million, instead of the $20 million to $30 million it previously modeled. "Right now, I think we're very happy with the performance," Boston Beer CEO Michael Spillane said on the earnings call. "Not only that, but that's allowed us to offset some of the tariffs that we've seen so far." Charter loses more broadband users in Q2 as competition heats up Charter Communications (CHTR) stock fell 10% premarket Friday after reporting a higher-than-expected fall in broadband subscribers in the second quarter. Reuters reports: Read more here. Charter Communications (CHTR) stock fell 10% premarket Friday after reporting a higher-than-expected fall in broadband subscribers in the second quarter. Reuters reports: Read more here. Puma stock plunges after reporting net loss, with challenges persisting throughout 2025 Puma ( stock plunged 17% after the German sports apparel company lowered its forecast and said it now expects sales to fall by double digits this year. During the second quarter, sales fell everywhere except Latin America and the Middle East, particularly in apparel (-10.7%) and accessories (-6.4%). Footwear sales grew 5.1%, which wasn't enough to offset softness elsewhere. The company swung to a net loss of 241 million euros (roughly $282 million), compared to net income of 41.9 million euros the year before. The sportswear company also noted a hit from tariffs. "Despite ongoing mitigating measures such as supply chain optimization, pricing adjustments and partner collaboration, the U.S. Tariffs are expected to have a mitigated negative impact in 2025 of around € 80 million on gross profit," Puma said in its release. Puma ( stock plunged 17% after the German sports apparel company lowered its forecast and said it now expects sales to fall by double digits this year. During the second quarter, sales fell everywhere except Latin America and the Middle East, particularly in apparel (-10.7%) and accessories (-6.4%). Footwear sales grew 5.1%, which wasn't enough to offset softness elsewhere. The company swung to a net loss of 241 million euros (roughly $282 million), compared to net income of 41.9 million euros the year before. The sportswear company also noted a hit from tariffs. "Despite ongoing mitigating measures such as supply chain optimization, pricing adjustments and partner collaboration, the U.S. Tariffs are expected to have a mitigated negative impact in 2025 of around € 80 million on gross profit," Puma said in its release. Phillips 66 profit beats estimates on higher refining margins Phillips 66 (PSX) stock rose about 1% in premarket trading after the US refiner reported an adjusted profit of $2.38 per share, beating Wall Street EPS estimates of about $1.71. During the quarter, Phillips 66 returned $906 million to shareholders through dividends and share buybacks. Reuters reports: Read more here. Phillips 66 (PSX) stock rose about 1% in premarket trading after the US refiner reported an adjusted profit of $2.38 per share, beating Wall Street EPS estimates of about $1.71. During the quarter, Phillips 66 returned $906 million to shareholders through dividends and share buybacks. Reuters reports: Read more here. Health insurer Centene reports surprise quarterly loss Centene's (CNC) stock fell 12% before the bell on Friday after the health insurance company reported a quarterly loss and warned of a revenue slump from government-backed plans. Read more here. Centene's (CNC) stock fell 12% before the bell on Friday after the health insurance company reported a quarterly loss and warned of a revenue slump from government-backed plans. Read more here. Deckers stock soars after Hoka, Ugg sales surge Hoka sneakers and Ugg brand shoes boosted Deckers (DECK) sales and profits last quarter, sending shares up more than 14% after hours. On Thursday, Deckers reported net sales grew 17% to $964.5 million, above estimates of $901.4 million, per Bloomberg data. Profits surged 24%, with diluted earnings per share coming in at $0.93. "HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026," CEO Stefano Caroti said in a press release. "Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy." The main story for the quarter was Deckers' international business: International net sales rose 49.7%, offsetting a 2.8% decline in domestic sales. The company expects net sales for the current quarter in the range of $1.38 billion to $1.42 billion, in line with analyst estimates. Earnings are expected to be in the range of $1.50 to $1.55 per share. Read more here. Hoka sneakers and Ugg brand shoes boosted Deckers (DECK) sales and profits last quarter, sending shares up more than 14% after hours. On Thursday, Deckers reported net sales grew 17% to $964.5 million, above estimates of $901.4 million, per Bloomberg data. Profits surged 24%, with diluted earnings per share coming in at $0.93. "HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026," CEO Stefano Caroti said in a press release. "Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy." The main story for the quarter was Deckers' international business: International net sales rose 49.7%, offsetting a 2.8% decline in domestic sales. The company expects net sales for the current quarter in the range of $1.38 billion to $1.42 billion, in line with analyst estimates. Earnings are expected to be in the range of $1.50 to $1.55 per share. Read more here.
