Our Q2 2024 sales and earnings report

Category: Business

Merck's Q2 2024 results show a 7% increase in worldwide sales to $16.1 billion, reflecting strong business momentum and progress in their pipeline. The company anticipates full-year sales between $63.4 billion and $64.4 billion.

Keywords: Merck, Q2 2024 results, sales growth

Source: Merck.com

Update At: 7/30/2024

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Southwest Airlines reported a second-quarter net income of $367 million, or 58 cents per share, exceeding Wall Street expectations. The airline's revenue reached $7.35 billion, surpassing forecasts of $7.32 billion.

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Southwest Airlines reports Q2 results ahead of estimates, plans to end open seating By Investing.com

Southwest Airlines reported Q2 earnings of $0.58 per share and revenue of $7.35 billion, exceeding analyst expectations. Despite this, shares fell over 2% in premarket trading. The airline anticipates a 2% rise in available seat miles for Q3 and is making significant changes to its business model, including assigned seating and extra legroom seats, starting next year.

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Minnesota Awesome celebrates state pride, Olympian Suni Lee

Minnesota Awesome, founded by Dan and Mike Gordon, creates high-quality apparel celebrating Minnesota's unique culture and pride. The company offers designs that resonate with locals, including shirts honoring Olympic gymnast Suni Lee, which have proven to be popular.

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An off-site session of the Eastern Economic Forum was held in Hong Kong | Taiwan News | Jul. 25, 2024 21:35

An off-site session in Hong Kong on July 24-25 focused on enhancing trade and economic ties between Russia and Hong Kong. Entrepreneurs from Hong Kong plan to showcase investment projects at EEF-2024. The session included meetings with major business associations, highlighting Hong Kong's role as a global financial center and discussing sectors for cooperation such as electronics and agriculture. The Eastern Economic Forum will take place from September 3 to 6, 2024, in Vladivostok.

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Netflix Co-Founder Reed Hastings Gifts $500 Million in Stock to Silicon Valley Charity Group

Reed Hastings, co-founder of Netflix, donated 790,000 shares worth approximately $500 million to the Silicon Valley Community Foundation, marking his second donation to the organization this year. After this transaction, he retains over 2.2 million shares valued at nearly $1.4 billion.

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As Olympics Begin, Live Sports Is the Key to Peacock's Long-Term Growth | Chart

Comcast's streaming service, Peacock, reported a mixed earnings result with a decrease of 500,000 subscribers in Q2, totaling 33 million subscribers, a 38% increase from last year. Revenue grew to $1 billion, and losses narrowed to $348 million. The upcoming Paris Summer Olympics is expected to boost sign-ups significantly.

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Chinese firm Fuyao raided in US over alleged financial crimes and labour abuse

Special agents from multiple US law enforcement agencies are investigating Fuyao Glass America for allegations of financial crimes and labor exploitation. The investigation involves search warrants executed at the Fuyao plant in Ohio and other locations, focusing on money laundering and potential human smuggling. Fuyao confirmed cooperation with the investigation, which has raised concerns amid US-China tensions and could impact the upcoming presidential election.

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McDonald's same-store sales fall for the 1st time since pandemic, profit slides 12%

McDonald's reported a 1% decline in same-store sales globally for the second quarter, marking the first drop since late 2020. The decrease was attributed to fewer customer visits, particularly in the U.S., China, and other regions, amid rising inflation and perceptions of the company's political stance. Despite fewer customers, those who visited spent more due to price increases. Quarterly revenue remained flat at $6.5 billion, slightly below expectations, and net income fell 12% to $2 billion.

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