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AmEx raises 2026 revenue growth forecast as affluent cardholders keep spending

AmEx raises 2026 revenue growth forecast as affluent cardholders keep spending

July 24 (Reuters) - American Express increased its full-year revenue growth forecast and beat Wall Street expectations for second-quarter profit on Friday as its affluent customers continued to swipe their cards for travel and dining despite lingering economic uncertainty.

Alaska Air says its underlying business strengthened despite fuel-hit quarter

Alaska Air says its underlying business strengthened despite fuel-hit quarter

By Rajesh Kumar Singh and Nandan Mandayam CHICAGO, July 22 (Reuters) - Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70% higher than a year earlier, CEO Ben Minicucci said on the carrier's quarterly earnings call on Wednesday.

Dow beats quarterly profit estimates on higher polyethylene prices, boosts savings target

Dow beats quarterly profit estimates on higher polyethylene prices, boosts savings target

July 23 (Reuters) - Dow Inc beat Wall Street estimates for second-quarter adjusted profit on Thursday, helped by higher prices due to supply shocks from the Middle East conflict as well as cost cuts. Shares of the chemicals company rose 2.4% in premarket trading.

Lazard profit plunges on elevated tax rate, financial advisory volatility

Lazard profit plunges on elevated tax rate, financial advisory volatility

July 23 (Reuters) - Investment bank Lazard reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate and a drop in revenue in its financial advisory business. Net income fell to $5 million, ⁠or 3 cents per share, in the three months ended June 30.

Gold miners set for earnings growth, but higher costs could temper gains

Gold miners set for earnings growth, but higher costs could temper gains

By Sumit Saha and Ashitha Shivaprasad July 22 (Reuters) - Gold miners are expected to report sharply higher second-quarter profits, buoyed by stronger bullion prices, though the Iran war's impact on energy costs likely weighed on earnings growth.

Texas Instruments forecasts upbeat revenue on analog chip demand

Texas Instruments forecasts upbeat revenue on analog chip demand

By Juby Babu July 22 (Reuters) - Texas Instruments forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that spending on AI infrastructure and a recovery in industrial and automotive markets are boosting demand for analog chips.

Albertsons cuts annual forecasts amid cautious consumer spending; shares fall 15%

Albertsons cuts annual forecasts amid cautious consumer spending; shares fall 15%

July 23 (Reuters) - Albertsons cut its annual identical-sales and profit forecasts on Thursday and said it would accelerate investments in prices and its online business to better compete for cash-strapped shoppers, sending its shares down 15% before the bell.

Verizon lifts annual forecasts as new mobile plans spur subscriber gains

Verizon lifts annual forecasts as new mobile plans spur subscriber gains

July 24 (Reuters) - Verizon raised its annual forecast for adjusted profit and free cash flow, as the network provider's latest unlimited 5G plans and rewards programs helped it add more wireless subscribers than expected in the June quarter.

Teledyne lifts annual profit forecast, tops quarterly results estimates

Teledyne lifts annual profit forecast, tops quarterly results estimates

July 22 (Reuters) - Teledyne Technologies on Wednesday raised its 2026 profit forecast as demand remained robust at its digital imaging, instrumentation as well as aerospace and defense segments.

Genuine Parts cuts full-year profit forecast on inflation, weaker consumer spending

Genuine Parts cuts full-year profit forecast on inflation, weaker consumer spending

July 21(Reuters) - Auto parts distributor Genuine Parts lowered its full-year profit outlook on Tuesday, as rising costs and a tougher consumer environment weighed on its expectations.

Hasbro raises annual forecasts on digital gaming demand, 'Magic' boost

Hasbro raises annual forecasts on digital gaming demand, 'Magic' boost

July 21 (Reuters) - Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in "Magic: The Gathering" despite an uncertain consumer spending environment.

MSCI shares fall as company raises expense forecast

MSCI shares fall as company raises expense forecast

July 21 (Reuters) - MSCI raised its full-year operating expense forecast on Tuesday, citing acquisition-related costs, higher employee incentives and increased investment spending, sending the index provider's shares down more than 7% despite better-than-expected quarterly results.