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 first quarter.

 
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 debt provisions.

 
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 reopened.

 
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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