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Replace 1 – Vitality Transmission stories decrease second-quarter earnings, dragged down by pure gasoline costs

(Provides particulars from earnings convention name) By Stephanie Kelly NEW YORK (Reuters) – U.S.-based Vitality Switch Corp. reported decrease earnings for the second quarter on Wednesday, regardless of larger transportation volumes in most vitality product sectors in comparison with a 12 months in the past. Adjusted earnings earlier than curiosity, tax, depreciation, and amortization (EBITDA) for the second quarter was $3.12 billion, in comparison with $3.23 billion for a similar interval final 12 months. Distributable money stream was $1.55 billion, up from $1.88 billion final 12 months. The corporate mentioned decrease pure gasoline and pure gasoline liquids costs affected the

PayPal inventory falls after outcomes fail to impress

font measurement PayPal shares have been down 6.7% in after-hours buying and selling. PayPal headquarters in San Jose, California, Justin Sullivan/Getty Pictures PayPal Holdings Shares fell in late buying and selling on Wednesday after the funds platform’s outcomes did not impress Wall Road. The corporate reported non-GAAP earnings of $1.16, beating expectations of $1.15 per share, based on FactSet. Income of $7.3 billion topped expectations of $7.27 billion. Whole funds have been $376.5 billion, forward of estimates at $368.87 billion. Shares of PayPal (inventory image: PYPL) fell 6.7% in after-hours buying and selling. Jefferies analyst Trevor Williams, who charges the

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Apple is heading for its greatest third-quarter income decline since 2016 as iPhone gross sales slowed

By Yuvraj Malik (Reuters) – Apple is more likely to report a decline in iPhone gross sales within the April-June

Pinterest sees stronger margins as a rebound in promoting boosts quarterly outcomes

(Reuters) – Picture-sharing platform Pinterest beat Wall Avenue targets for second-quarter outcomes on Tuesday, forecasting increased margins for this 12

Lumen Applied sciences shares are dropping after incurring losses of almost $9 billion

(Reuters) – Lumen Applied sciences reported an enormous quarterly internet lack of $8.74 billion on Tuesday, hit by an impairment

AMD expects to launch a competitor to its Nvidia AI chip within the fourth quarter, and shares rise

Written by Max A. Cherny and Shafi Mehta (Reuters) – Superior Micro Units on Tuesday forecast a powerful fourth quarter

Starbucks lagged same-store gross sales estimates for the third quarter, and China sees gross sales develop by 46%

Starbucks (SBUX) posted combined Third quarter financial results On Tuesday after the market closes. The Seattle-based espresso big topped earnings,

Tupperware inventory is up 700% in two weeks. can collapse.

Tupperware is scheduled to report second-quarter earnings on Wednesday. Scott Olson/Getty Photos font dimension Tupperware manufacturers The inventory is up

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