Earnings Surprises

Volvo Car VOLCAR.B -3.66% AB’s transformation into an electric-vehicle maker accelerated in the second quarter, reflecting a broader trend in the auto industry, which has seen sales of EVs and hybrids outperform conventional vehicles in many markets as gas prices rise around the world. The share of pure electric and hybrid vehicles rose sharply to 31% of Volvo’s total sales in the second quarter of the year, even as overall unit sales…

Johnson & Johnson JNJ 0.01% reported a profit decline for the latest quarter and cut its full-year sales and profit guidance, as a stronger U.S. dollar, macroeconomic pressures and the Covid-19 pandemic hit results of the healthcare-products company.The New Brunswick, N.J.-based company, which makes Tylenol and Band-Aid, said Tuesday inflation has contributed to an increase in its costs for items including raw materials and transportation, which cut into its gross…

Levi Strauss LEVI 3.86% & Co. posted higher sales in the latest quarter, sidestepping for now issues related to excess inventory among retailers and a slowdown in consumer spending.The San Francisco-based company said Thursday that revenue rose 15% to $1.47 billion in its fiscal second quarter. Analysts polled by FactSet expected $1.43 billion in total revenue. Levi both operates its own stores and sells its products through larger retailers such as…

Ford Motor reported a nearly 32% increase in U.S. sales in June, beating out much of the industry as it improved truck and SUV deliveries and benefited from the rollout of a new all-electric pickup.Overall, U.S. auto-industry sales in June were down 11%, according to Ford, reflecting continuing difficulties replenishing dealership lots and sky-high prices that are pushing some buyers out of the car market. Ford Motorreported a nearly 32% increase in U.S. sales in June, beating out much of the industry as it improved…

Deere & Co. DE -1.10% posted higher sales and profit in its fiscal second quarter on strong demand for its farm and construction equipment, even as the company confronts supply-chain challenges and inflation weighs on American farmers. Chief Executive John May said that supply-chain pressures disrupted production levels and deliveries during the quarter and that the company is working with suppliers…

WeWork Inc.’s first-quarter loss narrowed sharply as gross desk sales reached prepandemic levels with the gradual return of employees in the U.S. to in-person work. The shared-office company said Thursday its top line rose 28% from a year ago, with 166,000 desks sold, the highest level since the first quarter of 2020. Revenue was higher than WeWork’s forecast for the period and the company raised the low end of its revenue outlook for the year. The results are the latest…

Lyft Inc. LYFT -29.91% said it would invest in the current quarter to ensure adequate driver supply and grow its ride-hailing platform, spooking investors as the spending weighs on operating profit. The ride-hailing company on Tuesday forecast adjusted earnings before interest, taxes, depreciation and amortization, its preferred metric of financial performance, of $10 million to $20 million. The figure represents a second sequential…

By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this year after its revenue climbed 70% last quarter as people continued to book suburban rentals despite hosts raising prices.The San Francisco company posted $1.5 billion in revenue in the three months through March. Analysts polled by FactSet on average had predicted $1.45 billion in revenue. By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnbsaid it expects to post its first full-year net profit this year…