Genesis Energy flags lower earnings despite $189 netback
Genesis Energy (ASX:GNE) expects full-year earnings at the lower end of guidance following warmer fourth-quarter temperatures.
Genesis Energy (ASX:GNE) expects full-year earnings at the lower end of guidance following warmer fourth-quarter temperatures.
Tourism Holdings (ASX:THL) updated its market guidance, expecting full-year underlying profit after tax to reach around NZ$46 million.
Macquarie Group (ASX:MQG) reported satisfactory first-quarter trading conditions while completing an $734 million share buyback.
Helloworld Travel (ASX:HLO) CEO Andrew Burnes reveals rival Webjet (ASX:WEB) failed to respond to a secret $1 per share takeover offer.
The Australian government ruled out a gas export tax on July 22 despite internal party pressure ahead of July 23’s national conference.
Carmen Lu, Partner at Paul, Weiss, Rifkind, Wharton & Garrison, joins Dani Burger on "Bloomberg Deals."
Tesla reports adjusted earnings of 33 cents a share for the second quarter. That was well short of the 51-cent average of analyst estimates compiled by Bloomberg. But sales were still strong. Jon McNeil of DVx Ventures shares his views with Romaine Bostick and Katie Greifeld on "Bloomberg The Close."
International Business Machines Corp. cut its full-year sales outlook, including for its software unit, after reporting a dip in demand for its mainframe business. Shares still rose after the closing bell. Anurag Rana of Bloomberg Intelligence has more on Big Blue's report.
Shaun Mathew, partner and head of shareholder activism and hostile takeover defense at Kirkland & Ellis, joins Dani Burger on "Bloomberg Deals."
- Tesla Inc.'s second-quarter earnings fell short of Wall Street's estimates, a setback for the electric-vehicle maker as it looks to build out new lines of business around robotics, autonomy and AI. Adjusted earnings per share were 33 cents in the period, the company said Wednesday in a statement. That's lower than the 51-cent average of analyst estimates compiled by Bloomberg. It also reported negative free cash flow of $1.09 billion. Tesla Chief Executive Officer Elon Musk has warned spending this year will total more than $25 billion, and the company is looking to increase production of cars, batteries and robots across half a dozen plants as it follows his futuristic vision. The impact of that investment is now filtering through the company's financials, so investors will want more details.
Samsung Electronics America Senior Vice President of Mobile Product Management, Drew Blackard, discussed the company's launch of three new foldable phone models. The new lineup includes the all-new Z Fold 8, which expands Samsung's foldable family. He speaks with Katie Greifeld on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.