Articles written by Shivani Kumaresan - Benzinga

Altria Faces Q2 Setbacks: EPS Miss, Cigarette Sales Plunge, But Smoke-Free Innovations Shine

Sony Inks Multiyear Deal As NFL's Official Tech And Headphones Partner

Sony Group Corp. (NYSE: SONY) has partnered with the NFL in a multiyear deal to become its official technology and headphones provider. Starting in 2025, Sony will produce NFL headsets for coaches and team staff, featuring Sony branding.

Intel Wins London Leg Of Patent Dispute With R2: Report

Intel Corp shares are trading higher today. The chip giant reportedly won the London leg of a global patent dispute with U.S. competitor R2 Semiconductor on Wednesday.

Tesla Rival BYD Eyes Canadian Market In Wake Of Tariff Considerations

Prominent Chinese EV maker BYD Company (OTC ) is gearing up to enter the Canadian automotive market, despite potential tariffs on Chinese-imported vehicles. Canada is considering following the U.S. and EU in imposing these tariffs to counter what the West sees as China's excessive EV subsidies.

Toyota Faces Government Sanctions Over Certification Scandal

Toyota Motor Corp receives its first corrective order from Japan's government due to improper certification processes for seven models.

Why Automotive And e-Mobility Supplier BorgWarner's Shares Are Jumping Today

BorgWarner shares rose after reporting better-than-expected Q2 FY24 adjusted EPS and new contracts. Despite a 2% decline in sales to $3.603 billion, adjusted EPS of $1.19 beat the $1.01 consensus. The company secured significant new contracts, boosting investor confidence.

What's Going On With Restaurant Chain Wingstop Today?

Wingstop Inc (NASDAQ: WING) shares surged after posting Q2 FY24 sales growth of 45.3% to $155.7 million, beating estimates of $144.012 million. System-wide sales rose 45.2% to $1.2 billion, with domestic same-store sales up 28.7%.

Booking.com Fined Over $447M By Spanish Regulator: Report

Booking Holdings fined €413.2 million ($447.1 million) by Spain's competition regulator for allegedly abusing market dominance.

Kraft Heinz Q2 Earnings: Revenue Declines, CEO Stresses Efficiency Amid Consumer Caution

Kraft Heinz reported a 3.6% decline in Q2 FY24 sales to $6.48 billion, missing the $6.55 billion analyst consensus. Sales in North America dropped 3.1%, while International Developed Markets fell 5%.

Altria Faces Q2 Setbacks: EPS Miss, Cigarette Sales Plunge, But Smoke-Free Innovations Shine

Altria Group shares fell after reporting a 3% decline in Q2 FY24 sales to $5.28 billion, missing the $5.39 billion consensus estimate. The drop was driven by lower smokeable product revenues, partially offset by growth in oral tobacco products.

Delta Seeks Damages From Microsoft, CrowdStrike After Major System Outage

Delta Air Lines Inc (NYSE: DAL) has hired prominent attorney David Boies to seek damages from CrowdStrike Holdings Inc (NASDAQ: CRWD) and Microsoft Corp (NASDAQ: MSFT) following a software update that caused a global outage.

What's Going On With Starbucks Shares On Tuesday? Coffee Retailer Is Under Scrutiny Ahead Of Earnings

Starbucks shares fell as its mobile ordering system faced major technical issues. This disruption coincided with a planned promotion.

Why Consulting Firm Gartner's Shares Are Surging Today

Gartner shares rose as Q2 FY24 sales grew 6.12% to $1.59 billion. Operating income increased 12.7% to $319 million with a 20% operating margin. Adjusted EPS of $3.22 beat the $3.02 consensus.

Elon Musk's SpaceX Plans Starship Splashdown In Australia

SpaceX is in talks with U.S. and Australian officials to land a Starship rocket off Australia's coast. This move, following a successful splashdown in June, signals potential regional expansion and enhanced security ties.

Why Water Purification Services Provider Ecolab's Shares Are Trading Lower Today

Ecolab reported Q2 FY24 sales growth of 3.45% to $3.985 billion, missing the $4.028 billion estimate. Global Institutional & Specialty sales climbed 8% to $1.372 billion, and Global Pet Elimination rose 10% to $297.1 million.

Food Products Distributor Sysco Misses On Revenue But Delivers on Q4 Earnings – What's in Store for FY25?

Sysco Corp (NYSE: SYY) reported a Q4 FY24 sales increase of 4.2% to $20.556 billion, slightly missing the $20.573 billion estimate. U.S. Foodservice sales grew 4.9%, and International Foodservice sales increased 3.8%. Adjusted EPS of $1.39 beat the consensus of $1.38.

Why Gillette Parent Procter & Gamble Shares Are Tumbling Today

Procter & Gamble shares dropped after the company reported a Q4 FY24 sales of $20.530 billion, missing the $20.740 billion estimate. Despite the revenue miss, adjusted EPS of $1.40 beat expectations.

Why Industrial Tools Maker Stanley Black & Decker's Shares Are Trading Higher Today

Stanley Black & Decker shares rose after the company reported a Q2 FY24 sales of $4.024 billion, surpassing the analyst estimate of $4.016 billion. Despite the revenue drop, gross margin increased by 600 basis points to 28.4%.

EXCLUSIVE: SKYX Collaborates With Home Depot For Smart Plug & Play Products

SKYX Platforms (NASDAQ: SKYX) partners with Home Depot (NYSE: HD) to introduce smart products, expanding business and market penetration.

Hewlett Packard Enterprise's $14B Juniper Networks Acquisition Set For EU Approval: Report

Hewlett Packard Enterprise is set to receive unconditional EU antitrust approval for its $14 billion acquisition of Juniper Networks. Announced in January, this deal underscores the push by companies to innovate amid the AI-driven services boom.