July 31 (Reuters) – AbbVie trimmed its 2026 profit forecast on Friday to account for its planned Apogee Therapeutics acquisition, while topping second-quarter estimates on strong immunology drug sales. Shares of the drugmaker fell more than 4% in premarket trading. In June, AbbVie agreed to buy Apogee for $10.9 billion, the company’s largest buyout in…
By Pritam Biswas July 31 (Reuters) – Shares of Coinbase Global slipped 5.6% in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn. The cryptocurrency market lost significant value in recent sessions, with bitcoin falling, as expectations that…
Summary Headquartered in Juno Beach, Florida, NextEra Energy provides generation, transmission, and distribution services. It has more than 40 GW of total generating capacity, with about one-third of electricity contributed by renewable wind and solar sources. The company’s largest
Summary Based in Minneapolis, Ameriprise Financial, through its subsidiaries, provides financial products and services to individual and institutional clients in the U.S. and internationally. It has four business segments: Advice & Wealth Management, Asset Management, Retirement &
Summary We’ve seen some typical FOMC price action! Since the market was thumped after the Fed decision on Wednesday, the gears (historically) were likely to reverse on Thursday. Still, it REALLY didn’t feel like that was going to happen this time after stocks fully tanked following a
By Sam Nussey TOKYO, July 31 (Reuters) – Sony hiked its full-year earnings forecast on Friday, as strong performance at its gaming business helped the Japanese conglomerate deliver a better-than-expected jump of 40% in first-quarter profit. The company has been praised for its pivot to entertainment, but the market is concerned about the impact of…
As of the end of Q2, our balance sheet and liquidity position is strong, our portfolio credit performance remains stable, and our investment portfolio continued to generate net investment income in Q2 that comfortably covered our base shareholder distribution by 125%. Coming off a record-breaking Q1 for originations, our platform continued to see robust deal…
Within Back-up Care, our largest segment by earnings contribution, we outlined three key growth drivers: deepening penetration within our existing clients, expanding our ecosystem of care and education solutions, and winning new logos. Let me update you on our progress on all three fronts. Starting with deeper penetration, Back-up Care revenue grew 19% to $194…
Building on the strength of our second quarter results, the increased business momentum and the opportunity to drive more progress over the balance of this year, we have raised our 2026 full year guidance to between $775 million and $845 million, up $85 million at the midpoint. As in previous quarters, Rich will cover our…
This includes effective revenue management, enhancements to asset efficiency and productivity, execution on our $40 million cost savings program, and our differentiated multimodal model. We continue to see meaningful opportunity ahead. We want to thank our associates, especially our professional drivers, for their hard work, which helped drive earnings to more than double sequentially, representing…
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