Global markets live: AT&T, American Airlines, Biogen, Netflix, ABB...
|07/22/2021 | 11:32am|
Company results are multiplying, With AT&T, Texas Instruments, American Airlines, and many others. Netflix is talking about mobile video games again, while Tesla is back on the bitcoin bandwagon.
- AT&T gained 1.1% in pre-market trading after reporting better-than-expected mobile subscriber additions in the second quarter, buoyed by more Americans switching to 5G phones, raising its full-year growth forecast. The company announced Wednesday that it will sell its Vrio TV service in Latin America to Argentina's Grupo Werthein for an unspecified amount, after taking a $4.6 billion impairment charge on the business.
- Texas Instruments, which reported second-quarter results on Wednesday, fell 5% in premarket trading after a third-quarter revenue forecast was deemed disappointing.
- American Airlines on Thursday reported better-than-expected quarterly revenue on the back of a recovery in travel demand.
- Southwest Airlines cut its second-quarter losses as bookings pick up, the airline said Thursday.
- Biogen on Thursday reported a 70.9% drop in quarterly profit as its flagship multiple sclerosis drug Tecfidera caught up with competitors.
- Abbott Laboratories reported that its quarterly profit more than doubled on strength in its diagnostics business and a rebound in medical device sales.
- Blackstone - The world's private equity group said Thursday that its second-quarter profit nearly doubled year-over-year on higher asset sales.
- Chinese regulators are considering tough sanctions against DIDI after its New York IPO, Bloomberg News reported Thursday. The Chinese VTC giant is down 3 percent in pre-market trading.
- D.R. Horton posted a 77% increase in quarterly profit, benefiting from record real estate prices as demand outstripped supply.
- Dow reported Thursday that its second-quarter profit doubled on higher prices for its chemicals amid strong consumer and industrial demand. The stock gained 1.3% in premarket trading.
- New twist in the Tesla/bitcoin saga - the company will "most likely" start accepting bitcoin payments again.
- BHP signs a supply deal to provide Tesla with nickel. Altice's online advertising subsidiary
- Teadsis targeting a $5 billion valuation for its Nasdaq IPO.
- Netflix wants to try its luck in mobile video games.
- Givaudan confirms its medium-term objectives.
- Boliden plans to invest 700 million euros to increase its zinc production in Norway.
- Banca Monte Dei Paschi Di Siena reaches an agreement with its largest shareholder to settle their legal disputes.
- ABB exceeds expectations in Q2.
- Temenos reports improved results in all areas of its business in the second quarter.
- Novartis reports first-half sales up 7% to $25.4 billion.
- Sika sales jump 23.1% in the first six months of the year.
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