U.S. health insurer Cigna has called off its deal to buy Humana, a move that could have created a $140 billion health-insurance giant. Instead, Cigna plans to repurchase at least $5 billion of its own stock and has increased its total share repurchase authority to $11.3 billion.
Taiwan Semiconductor (NYSE: TSM) reported strong Q2 results, raised its full-year guidance, and received a reaffirmed Buy rating despite stock pressure from geopolitical concerns and market volatility in the chip sector.
The Travelers Companies, Inc. experienced a strong quarter with significantly higher net and core income, despite missing revenue estimates and facing increased catastrophe losses, with shares resuming their rally.
American Express beat second-quarter profit estimates due to high spending by wealthy customers but missed revenue expectations, causing shares to trade lower.
CrowdStrike Holdings Inc. is facing a challenging outlook as a recent analysis issued a "sell" rating, predicting a 23% stock drop, further compounded by a major global outage due to a flawed update.
Cintas Corporation (CTAS) reported strong Q4 fiscal 2024 results, with an 8.2% revenue increase. The stock hit an all-time high following better-than-expected earnings and an optimistic outlook for continued growth and acquisitions in fiscal 2025.
Netflix will report Q2 earnings on Thursday, with focus on its ad-supported model and subscriber numbers as key revenue factors.
Netflix will announce its Q2 financial results on July 18, with a focus on its advertising-supported model and subscriber growth amid password-sharing crackdowns.
Infosys surpassed quarterly revenue estimates and raised its annual revenue guidance, reporting growing profits and increased client spending across its financial services and manufacturing sectors.