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Franklin Electric Q2 Results Miss Estimates; Cuts FY24 EPS Outlook
Franklin Electric Co., Inc. (FELE) reported Tuesday that net income attributable to the company for the second quarter edged down to $59.10 million or $1.26 per share from $59.60 million or $1.27 per share in the prior-year quarter.
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Webster Financial Q2 Adj. EPS Misses Estimates, But Revenues Top
Bank holding company Webster Financial Corp. (WBS) on Tuesday reported that second-quarter net income available to common shareholders declined to $177.47 million or $1.03 per share from $230.81 million or $1.32 per share in the prior-year quarter.
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Bay Street Likely To Open On Subdued Note
Canadian shares are likely to open on a somewhat subdued note Tuesday morning with investors awaiting fresh data for directional cues.
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Lockheed Martin Boosts FY24 Outlook - Update
While reporting financial results for the second quarter on Tuesday, security and aerospace company Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2024.
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First BanCorp Q2 Earnings Top Estimates
First BanCorp (FBP), the bank holding company for FirstBank Puerto Rico, on Tuesday reported that its second-quarter net income attributable to common shareholders increased to $75.84 million or $0.46 per share from $70.66 million or $0.39 per share in the year-ago period.
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GE Aerospace Q2 Results Top Estimates; Boosts FY24 Adj. EPS Outlook
GE Aerospace (GE), previously General Electric Co., reported Tuesday net income attributable to common shareowners for the second quarter of $1.27 billion or $1.15 per share, compared to a net loss of $25 million or $0.02 per share in the prior-year quarter.
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Wiz Reportedly Rejects $23 Bln Offer From Google, To Pursue IPO
Cybersecurity firm Wiz, which had been in advanced talks to be acquired by tech major Google's parent Alphabet Inc., walked away from the $23 billion offer, and now would pursue its original plan of an Initial public offering, reports said. Wiz co-founder and CEO Assaf Rappaport wrote in a memo that "Saying no to such humbling offers is tough, but with our exceptional team, I feel confident..."
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more news
Sensex, Nifty End Marginally Lower After Volatile Trading
Indian shares ended little changed on Tuesday after falling sharply early in the day as Finance Minister Nirmala Sitharaman proposed to increase Securities Transaction Tax (STT) and long-term capital gains (LTCG) taxes in her Budget speech.
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European Shares Mixed In Cautious Trade
European stocks traded mixed on Tuesday as miners declined on China demand concerns, offsetting gains in the technology sector following robust earnings from SAP and Logitech.
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FTSE 100 Slips Into Red As Miners Decline On China Concerns
U.K. stocks edged lower on Tuesday as miners declined on concerns over top consumer China's demand outlook.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Tuesday.
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CAC 40 Little Changed After Monday's Rally
French stocks were little changed on Tuesday after rising sharply in the previous session following China's rate cut announcement.
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DAX Extends Gains As SAP Reports Strong Q2 Results
German stocks rose on Tuesday to extend gains from the previous session after a top survey showed U.S. Vice President Kamala Harris has secured the support of enough Democratic delegates to become her party's nominee against Republican Donald Trump.
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