Latest news with #quarterlyearnings
Wall Street Journal
20 hours ago
- 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
a day ago
- 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)
Yahoo
17-07-2025
- Business
- Yahoo
Noodles & Company to Announce Second Quarter 2025 Results on August 6, 2025
BROOMFIELD, Colo., July 17, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced that it will host a conference call to discuss its second quarter 2025 financial results on Wednesday, August 6, 2025, at 4:30 p.m. ET. Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with second quarter 2025 financial results will be issued after the market close that same day. The conference call can be accessed live over the phone by dialing 201-389-0920. A replay will be available after the call and can be accessed by dialing 412-317-6671; the passcode is 13754231. The replay will be available until Wednesday, August 13, 2025. The conference call will also be webcast live from the Company's corporate website at under the 'Events & Presentations' page. An archive of the webcast will be available at the same location on the corporate website shortly after the call has concluded. About Noodles & CompanySince 1995, Noodles & Company has been serving guests Uncommon Goodness and noodles your way, with noodles and flavors you know and new ones you're about to discover. From indulgent Creamy Cheddar Mac & Cheese to craveable Japanese Pan Noodles, Noodles serves a world of flavor in every bowl. Made up of more than 450 restaurants and 7,000 passionate team members, Noodles is dedicated to nourishing and inspiring every guest who walks through the door. To learn more or find the location nearest you, visit Contacts:Investor Relationsinvestorrelations@ MediaDanielle Moorepress@ Source: Noodles & CompanyError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
17-07-2025
- Business
- Wall Street Journal
PepsiCo Revenue Rises Despite Lower Volumes
PepsiCo PEP 1.15%increase; green up pointing triangle logged higher revenue in its latest quarter despite a small drop in volumes. The Purchase, N.Y., snacks and soda maker posted second-quarter net income of $1.26 billion, or 92 cents a share, compared with $3.08 billion, or $2.23 a share, a year earlier. The recent quarter included a $1.86 billion impairment charge stemming from its Rockstar and Be & Cheery brands.
