August 6 promises a busy day with several key events on the horizon, including the release of first-quarter earnings from major companies, the RBI’s Monetary Policy Committee meeting, and the launch of new Huawei tablets. Additionally, Kamala Harris begins her battleground tour, and Neeraj Chopra prepares for the Paris Olympics javelin throw.
Intel’s stock plummeted over 30% after the company announced plans to lay off 15% of its global workforce and reported disappointing Q2 2024 earnings. The news follows a trend of declining market share in the CPU market and a weak Q3 2024 revenue forecast.
August 1st saw a flurry of news, from booming profits at Zomato and Tata Motors to the reported death of Hamas’ military chief and a tragic cloudburst in Himachal Pradesh. Read on for a recap of the day’s biggest events.
From corporate earnings releases and international trade negotiations to smartphone launches and weather alerts, July 17 promises a busy day across various sectors. Keep an eye on key developments in finance, tourism, technology, and weather.
Hilton Worldwide Holdings Inc. will release its second-quarter 2024 financial results on August 7, followed by a conference call at 9 a.m. EDT. CEO Christopher Nassetta and CFO Kevin Jacobs will discuss the company’s performance, operational achievements, and future plans. The call will be followed by a Q&A session.
American Airlines Group will host a live webcast of its Q2 2024 earnings conference call on July 25, providing insights into the airline’s financial performance. The webcast will be accessible via aa.com/investorrelations, with a recorded version available until August 25.
Marriott International will announce its second quarter 2024 earnings on Wednesday, July 31, 2024. The company will host a conference call later that morning for investors and analysts to discuss the results and the company’s outlook.
United Airlines has scheduled a conference call to discuss its second-quarter 2024 financial results on Thursday, July 18. The airline will unveil its financial performance and outlook following the market’s close on Wednesday, July 17.
Airbnb reported strong earnings for the first quarter but projected that its revenue for the upcoming quarter would fall short of market expectations, resulting in an 8% drop in stock price post-market. The company saw its revenue climb 18% from the previous year in Q1, reaching $2.14 billion. However, for the upcoming quarter, the company anticipates revenue to be in the range of $2.68 billion to $2.74 billion, which is slightly below the $2.74 billion forecast by analysts.
Apple Inc. once again defied expectations, delivering impressive financial results despite concerns over China’s economy. The company reported revenue of $90.75 billion in its fiscal first quarter, down slightly from last year but surpassing analysts’ estimates. Earnings per share rose 1%, setting a March quarter record and exceeding consensus estimates. Apple’s success is attributed to its dominant hardware and growing services businesses, which provide a competitive advantage and bundling opportunities. Additionally, management’s net cash neutral strategy ensures the continued funding of dividends and buybacks. On top of its strong performance, Apple announced a $110 billion share repurchase authorization, the largest corporate buyback in history. With positive catalysts ahead, including advancements in artificial intelligence and a growing installed base of active devices, Apple stock is expected to rise further.
