Swedish engineering group Sandvik reports 23.7% year-on-year revenue growth, driven by higher order intake and adjusted EBITA. Sandvik AB posted Q2 revenue of SEK 36.75 billion, up 23.7% year-on-year, as demand across its industrial segments strengthened. Non-GAAP earnings
The bank reported $0.68 non-GAAP EPS, beating expectations, but revenue missed by $40M amid slight deposit growth. Regions Financial posted Q2 non-GAAP earnings per share of $0.68, exceeding estimates by $0.05, driven by an 8% year-over-year increase in adjusted net income
Piero Cipollone highlights legal tender status and social agreement as critical to central bank digital currency adoption. European Central Bank Executive Board member Piero Cipollone emphasized trust as the cornerstone of the digital euro during a speech in Rome. He noted
SKF posts Q2 revenue of SEK 23.2B with 1.4% organic growth SKF reported Q2 revenue of SEK 23.2B, a 0.1% year-over-year increase. The company also saw 1.4% organic growth. The adjusted operating margin was 13.9%. Net cash flow from operating activities was MSEK 2,055
The Swedish security group reported Q2 operating income of SEK 7,091 M and a 18.1% EBITA margin. Assa Abloy posted Q2 revenue of SEK 39.26 billion, up 3.3% year-over-year, driven by 4% organic growth. GAAP earnings per share reached SEK 3.98 for the quarter. Operati
Geopolitical risks overshadow easing inflation expectations, keeping the S&P 500 near resistance levels amid Fed tightening concerns. The S&P 500 remains under pressure as escalating US-Iran tensions counterbalance recent dovish repricing in rate expectations following sof
The investor known for predicting the 2008 crisis sees potential in Hong Kong equities after underperformance versus global peers. Michael Burry, the investor famed for his prescient 2008 housing market bet, has identified Hong Kong stocks as a bargain opportunity. The cit
The Swedish defense firm reports a 28.6% year-over-year revenue increase, with order bookings reaching SEK 68,393 million. Saab AB posted Q2 revenue of SEK 25.45 billion, a 28.6% increase year-over-year, driven by higher demand across its defense and security segments. GAA
Nasdaq futures lead declines after chip stocks extend losses amid concerns over high AI investment and valuation pressures. US stock index futures fell sharply Friday as a global semiconductor rout accelerated. Dow futures slipped 0.52%, S&P 500 futures lost 0.86%, and Nas
Swedish construction firm Skanska posts Q2 EPS of SEK 4.27, up from SEK 3.69, driven by a 23% quarterly increase in order bookings. Skanska reported Q2 earnings per share of SEK 4.27, up from SEK 3.69 a year earlier, as return on equity climbed to 10.8% from 9.5%. Revenue
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