Meta Platforms reported a 91% year-over-year collapse in second-quarter free cash flow, driven by a massive spending spree on AI infrastructure that has left investors questioning its monetization strategy.
Shares of the German forklift maker fell sharply after it trimmed the upper end of its full-year guidance, overshadowing a second-quarter earnings beat and raising concerns about future demand.
India's benchmark stock indices, the Nifty 50 and BSE Sensex, finished Thursday's session in positive territory, buoyed by strong performance in the automotive and energy sectors despite broader market weakness.
Shares of Sprouts Farmers Market jumped after the company reported second-quarter earnings that topped analyst estimates and received a key upgrade from JPMorgan, which cited a positive sales outlook.
Shares in the Swiss industrial group fell sharply after it reported a significant drop in first-half profitability and cut its full-year forecast, citing weak demand and political uncertainty.
The health insurer's shares declined in pre-market trading as a higher medical care ratio and a narrow guidance increase tempered investor enthusiasm for its second-quarter earnings and revenue beat.
Cigna raised its full-year profit forecast after reporting second-quarter earnings that surpassed analyst expectations, driven by robust growth in its Evernorth Health Services division.
Bombardier reversed its cash burn from a year ago, reporting $228 million in positive free cash flow for the second quarter, driven by strong private jet orders that expanded its backlog to $21.8 billion.
The industrial gas company reported fiscal third-quarter results that surpassed analyst expectations and lifted its full-year profit forecast, citing sustained business momentum and improved capital discipline.
