Latest news with #quarterlyearnings
The Independent
9 hours ago
- Automotive
- The Independent
Harley-Davidson, Hershey, Adidas, Mercedes warn of profit woes and tariff costs after US-EU 15% deal
Companies from a variety of industries warned about the impact of Trump administration tariffs during the latest round of quarterly financial disclosures, on the heels of the recently announced 15 percent U.S.-E.U. tariff deal and days before steeper across-the-board tariffs are set to take effect on August 1. American motorcycle mainstay Harley-Davidson announced a net income of $108 million, down from $218 million during the same period last year, missing analyst expectations. The company also said it would hold off on providing guidance for the year, after withdrawing sales and profit forecasts in May in the face of the tariffs. In the apparel sector, Adidas shared warnings of its own. The company announced more than $6.8 billion in sales, a 2.2 percent increase in year-on-year sales, though the figure missed analyst expectations. While the company still expects an operating profit in 2025, it told investors Trump's tariffs could increase its costs by up to $231 million. 'The year has started great for us and normally we would now be very bullish in our outlook for the full year,' Chief Executive Bjorn Gulden said on Wednesday. 'We feel the volatility and uncertainty in the world does not make this prudent.' The company is weighing possible U.S. price increases, though it hasn't decided yet. Though sales were up, operating profits were down 33 percent for chocolate giant Hershey compared with the second quarter of 2024. The company said it expects adjusted earnings per share to decline between 36 and 38 percent, as the company confronts between $170 million and $189 million in tariff expenses, a roughly 10 times increase from its tariff cost estimates in May. Mercedes, meanwhile, said tariffs would eat 1.5 percentage points into its operating margin, equivalent to $420 million in the second quarter. The company will face levies as it imports vehicles to the U.S. from Mexico, China, and Europe, as well as input costs for importing parts to its Alabama vehicle factory. During the second quarter, net profits were roughly $1.06 billion, down from $3.45 billion during the same period last year, as the company faces tariff headwinds and collapsing demand in China.
Yahoo
5 days ago
- Business
- Yahoo
Silvercrest Asset Management (SAMG) to Announce Second Quarter 2025 Results and Host Investor Conference Call
NEW YORK, July 25, 2025 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) announced today it will host a teleconference at 8:30 am Eastern Time on August 1, 2025, to discuss the company's financial results for the second quarter ended June 30, 2025. A news release containing the results will be issued before the open of the U.S. equity markets and will be available on Chairman, Chief Executive Officer and President Richard R. Hough III and Chief Financial Officer Scott A. Gerard will review the quarterly results during the call. Immediately after the prepared remarks, there will be a question and answer session for analysts and institutional investors. Analysts, institutional investors and the general public may listen to the call by dialing 1-844-836-8743 or for international callers please dial 1-412-317-5723. A live, listen-only webcast will also be available via the investor relations section of An archived replay of the call will be available after the completion of the live call on the Investor Relations page of the Silvercrest website at About SilvercrestSilvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of March 31, 2025, the firm reported assets under management of $35.3 billion. Contact: Richard Hough212-649-0601rhough@
Wall Street Journal
23-07-2025
- Business
- Wall Street Journal
IBM Second-Quarter Results Rise on Consulting, Infrastructure Strength
International Business Machines posted higher sales and profit in the second quarter as cloud software sales jumped and its consulting business rebounded. The tech company on Wednesday posted a profit of $2.19 billion, or $2.31 a share, in the quarter ended June 30, up from $1.83 billion, or $1.96 a share, a year earlier.
Yahoo
23-07-2025
- Business
- Yahoo
Wipro (WIT) Reports Better-than-expected Quarterly Earnings, Highlights Reuters
Wipro Limited (NYSE:WIT) is one of the Best Indian Stocks to Buy for Next 5 Years. Reuters highlighted that Wipro Limited (NYSE:WIT) reported better-than-expected quarterly earnings, thanks to the improved client spending in segments of its Americas business. The company's gross revenue came in at INR221.3 billion ($2,581.6 million), reflecting a decline of 1.6% QoQ and an increase of 0.8% YoY. Net income for Q1 2026 came in at INR33.3 billion ($388.4 million), a decline of 6.7% QoQ and an increase of 10.9% YoY. A modern office building with a large sign displaying the companies logo. Reuters, while quoting analysts at Morgan Stanley, highlighted that robust deal wins at Wipro Limited (NYSE:WIT) place it well for growth in the second half of the fiscal year. The firm also highlighted that analysts at Investec believe deal wins were the highlights for Q1 2026, and these were the highest in over 13 quarters. Notably, total bookings came in at $4,971 million, reflecting a rise of 24.1% QoQ and 50.7% YoY in constant currency. The large deal bookings amounted to $2,666 million, implying 49.7% growth QoQ and 130.8% growth YoY in constant currency. Reuters also reported that Morgan Stanley believes that such large deals remain concentrated among Wipro Limited (NYSE:WIT)'s top clients, reflecting greater wallet share. Wipro Limited (NYSE:WIT) operates as an IT, consulting, and business process services company. The company is based in Bengaluru, India. While we acknowledge the potential of WIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey.
Reuters
17-07-2025
- Automotive
- Reuters
Truckmaker Volvo counts on improving Europe to offset North America slump
July 17 (Reuters) - Swedish truckmaker Volvo ( opens new tab reported higher than expected quarterly earnings on Thursday, as signs of recovery in Europe helped it offset sluggish demand in North America. Truck orders in North America have fallen more than 40% in recent months compared to last year, adding to the pressures on pricing and sentiment across the sector. The second quarter was characterized by a general stabilization of the European market, contrasted by more uncertainty and a wait-and-see mode among customers in North America, Volvo said. "The results are better than feared, but the heat does appear to be coming out of Europe," analysts from Jefferies said in a research note. The downturn in North America is likely to last for quarters, CEO Martin Lundstedt told Reuters, although there might be a positive a pre-buy effect next year if new U.S. emissions rules become clearer. Those rules could make trucks more expensive and harder to maintain from 2027. Analysts have said that Volvo, which makes vehicles under brands such as Mack Trucks and Renault as well as its own name, looks better positioned than its peers to weather U.S. tariffs as it builds a larger share of its trucks locally, reducing its exposure to import-related costs. Volvo's truck order intake was similar to last year's at 47,761 vehicles, while deliveries fell 10.5% to 52,764 vehicles. Analysts from said they expected deliveries to improve in Europe in the second half of 2025. Lundstedt said he was "rather confident" that the recovery in Europe would continue, as Volvo had a full order coverage through the third quarter and bookings were also coming in for the fourth. Future tailwinds from infrastructure and defence investments should also help the business in Europe, he added. Volvo's operating profit, excluding currency exchange effects and one-off charges tied to lower battery volume commitments and asset impairments in its electric vehicle operations, fell to 13.5 billion Swedish crowns ($1.39 billion) in the second quarter. Analysts polled by LSEG had expected 13.3 billion on average. The Volvo shares, which jumped more than 3% in early trading, were broadly flat by 0945 GMT. ($1 = 9.7384 Swedish crowns)
