Nokia cut its full-year sales outlook but said it was tracking toward the mid-point or slightly below the mid-point of its operating profit guidance, warning that telecom operators continued to hold back on investing in new network equipment.
Publicis now expects organic net revenue growth of 5%-6% for the year, after second quarter sales beat analysts’ expectations, fueled by gains in market share.
Taiwan Semiconductor Manufacturing Co.’s second-quarter net profit jumped on surging demand for advanced chips amid the global artificial-intelligence boom.
Novartis now expects its core operating profit to grow in the mid to high teens, after second-quarter results outpaced analysts’ expectations, boosted by revenue from its blockbuster treatments.
Anglo American cut its 2024 coal-production target after a fire incident at a major mine is set to suspend production for the rest of the year, while backing guidance for its key metals copper and iron ore.