News Highlights: Top Company News of the Day
Siemens Raises Guidance as Second-Quarter Tops Forecasts
Siemens posted better-than-expected second quarter results,
thanks to the improved performance of its industrial business and
upgraded its profit outlook for the year.
BMW Backs Outlook Despite Ongoing Uncertainties
BMW confirmed its outlook for the full year but couldn't rule
out negative effects from the coronavirus pandemic and the rising
cost of raw materials weighing on earnings.
IAG Losses Narrow But No Quick Return to Capacity
IAG reported a lower operating loss of EUR1.07 billion for the
first quarter but cautioned that it only expects 25% passenger
capacity during the next three months, as travel restrictions
continue to weigh.
Adidas Guides for Higher Sales
Adidas raised its sales outlook for 2021 and confirmed its net
income target, after reporting increased profits and revenue in the
Credit Agricole Profit Jumps 64%
Credit Agricole posted an above-forecast first quarter net
profit of EUR1.05 billion, on a 6% rise in revenue and lower bad
News Corp Revenue Rises on Real Estate and Publishing Growth
News Corp reported 3% revenue growth for the quarter that ended
in March, driven by positive foreign-exchange fluctuations, plus
solid growth at the company's digital real estate, book publishing
and Dow Jones units.
Peloton Is No Nike
The company's shares have traded on a fantasy that might not
stand the test of time.
Cash App Is King at Square
The digital wallet's gross profit more than doubled in the first
quarter, besting Square's seller business.
AMC Gained Movie-Theater Market Share, CEO Says
The theater chain said it has benefited as rivals stayed shut or
went bankrupt during the pandemic, with AMC drawing nearly seven
million customers in the first quarter as its U.S. cinemas
Bill.com Is Buying Divvy for $2.5 Billion
The boards of the two fintechs have approved the deal, which is
expected to close by the end of Bill.com's first fiscal quarter
ending Sept. 30.
(END) Dow Jones Newswires
May 07, 2021 03:15 ET (07:15 GMT)
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