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Wayfair Swings to Loss on Lower International Sales, Despite U.S. Growth
The Wall Street Journal21d agoneutral
Wayfair Swings to Loss on Lower International Sales, Despite U.S. Growth

Wayfair had a mixed second quarter, as its U.S. business grew while international sales fell. Stripping out certain one-time items, adjusted per-share earnings were 95 cents, ahead of the 90 cents anticipated by analysts, according to FactSet. Analysts surveyed by FactSet had forecast revenue of $3.47 billion.

Latest News In Energy Transition - Advantage Renewables Boosts Michigan Grid With Battery Projects
Simply Wall St.21d agoneutral
Latest News In Energy Transition - Advantage Renewables Boosts Michigan Grid With Battery Projects

Advantage Renewables has acquired three early-stage battery energy storage system (BESS) projects in Michigan from 5 Rivers Energy, emphasizing the critical role of energy storage in the ongoing energy transition. This strategic acquisition highlights Advantage Renewables' commitment to enhancing grid resilience and integrating renewable resources in the Midwest. As Michigan aims for 100% carbon neutrality by 2050, the development of these BESS projects is expected to significantly contribute...

Lynda Petherick named New Look CEO
Just Style21d agoneutral
Lynda Petherick named New Look CEO

New Look has announced Lynda Petherick as its next chief executive officer (CEO) alongside a marked recovery in financial performance and plans to invest in technology designed to adapt to changing consumer habits.

McDonald's posts strong second quarter profit, names new chief of US operations
Associated Press21d agoneutral
McDonald's posts strong second quarter profit, names new chief of US operations

McDonald's posted a strong profit in its second quarter and named a new chief of U.S. operations with sales at home under pressure as many Americans grow more cautious about spending. McDonald’s said same-store sales, or sales at locations open at least a year, edged up 0.8% in the U.S. That’s a sharp slowdown from the 2.5% increase a year ago, when the company had a big win with a meal tied to “A Minecraft Movie.” McDonald’s warned in May that high gas prices and consumer anxiety over the U.S. conflict with Iran could dent its sales.

Timken (NYSE:TKR) Posts Better-Than-Expected Sales In Q2 CY2026
StockStory21d agoneutral
Timken (NYSE:TKR) Posts Better-Than-Expected Sales In Q2 CY2026

Industrial component provider Timken (NYSE:TKR) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 7.5% year on year to $1.26 billion. Its non-GAAP profit of $1.83 per share was 12.9% above analysts’ consensus estimates.

META Q2 Deep Dive: AI Investment Drives Engagement as Margins Face Pressure
StockStory21d agoneutral
META Q2 Deep Dive: AI Investment Drives Engagement as Margins Face Pressure

Social network operator Meta Platforms (NASDAQ:META) beat Wall Street’s revenue expectations in Q2 CY2026, with sales up 28% year on year to $60.8 billion. On the other hand, next quarter’s revenue guidance of $62.5 billion was less impressive, coming in 0.9% below analysts’ estimates. Its non-GAAP profit of $6.18 per share was 16.5% below analysts’ consensus estimates.