Q2 2024 earnings News Updates

Business, Fuel

Exxon Mobil Profit Tops Q3 Expectations

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.

November 1, 2024
Business, Private

Walmart Boosts Outlook for 2024

NEW YORK — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions.

August 15, 2024
Business, Technology, Equipment, Fuel

Westport Posts Slight Revenue Decline Amid Restructuring

The Vancouver, British Columbia-based fuel system component manufacturer posted net income of $5.8 million, or 33 cents per diluted share, for the three months ending June 30.

August 14, 2024
Business, Private

Cargill Revenue Down as Trader Struggles With Profit Targets

Cargill Inc. took a revenue hit of almost 10% in its most recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.

August 13, 2024
Business, Private

91ÊÓÆµ Depot Trims Outlook for 2024

91ÊÓÆµ Depot’s Q2 sales rose slightly as the retailer benefited from an $18 billion acquisition this spring, but customers continued to rein in spending.

August 13, 2024
Business, Equipment

Bridgestone Reports Earnings Loss on Revenue Gain

Bridgestone Corp. experienced an increase in revenue but a decline in earnings during the second quarter of 2024, the company reported Aug. 9.

August 12, 2024
Business, Technology, Equipment, Fuel

Nikola Reports Q2 Shortfall but FCEV Sales Grow

Nikola Corp. reported a 103% revenue increase but wider losses in the second quarter as electric vehicle sales gained momentum, the company announced Aug. 9.

August 9, 2024
Business, Logistics, For-Hire, Top 100

Forward Air Posts Q2 Loss, but Revenue Soars on Acquisition

Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.

August 8, 2024
Business, Private

Fertilizer Giant Nutrien Names New CFO Amid Industry Swoon

Nutrien Ltd. named a new chief financial officer amid an industry downturn that has eroded the fertilizer giant’s profits.

August 7, 2024
Business, Logistics, Top 100

RXO Faces Revenue Decline, Net Loss in Q2

The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.

August 7, 2024