Tesla's Profit Plunges Again
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South Korean battery firm LG Energy Solution's operating profit more than doubled in the second quarter, driven by front-loaded demand as some customers stockpiled batteries ahead of potential U.S. tariffs,
The brewer, which owns the Samuel Adams and Truly brands, estimated that tariffs will pose an unfavorable effect on costs of approximately $15 million to $20 million for the full year.
Wall Street investors punished Southwest for chopping its 2025 profit outlook by up to 65%, as the carrier’s executives implement changes driven by its activist investor.
South Korean battery firm LG Energy Solution on Friday warned of a slowdown in demand due to U.S. tariffs and policy uncertainties after it posted a quarterly profit jump.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
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Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of President Donald Trump's tariffs.
Newmont surpassed Wall Street expectations for second-quarter profit as the world's top gold miner benefited from a rally in bullion prices, sending its shares 4% higher in extended trading on Thursday.
Mitsubishi Motors shares fell sharply after U.S. tariffs dragged its quarterly profit. Shares were recently 8.9% lower at 401.5 yen early Friday in Tokyo after falling as much as 9.7%.
Elon Musk's electric-vehicle maker reported a 12% drop in quarterly revenue, and a steeper decline in net income. + Musk highlighted plans to release a lower-priced Model Y electric vehicle, spoke about his hopes for a new pay package and talked up plans to roll out Tesla robotaxis more widely.
Labcorp raised its annual profit forecast on Thursday after beating Wall Street estimates for second-quarter profit and revenue on robust demand for its diagnostic tests, sending its shares up over 10%.