Stanley Black & Decker announces $4 billion Q2 net sales
Stanley Black & Decker (NYSE:SWK) reported second-quarter net sales of $4 billion with flat year-over-year revenue.
Stanley Black & Decker (NYSE:SWK) reported second-quarter net sales of $4 billion with flat year-over-year revenue.
Ares Capital (NASDAQ:ARCC) reported a second-quarter GAAP net income of $171 million and declared a third-quarter dividend of $0.48 per share.
Clarivate (NYSE:CLVT) reported second quarter 2026 revenue of $587.3 million, down 5.5% year over year, as weaker transactional activity offset subscription growth.
Vertiv (NYSE:VRT) reported second-quarter net sales of $3.27 billion, representing a 24% year-over-year increase driven by organic growth.
Mechanics Bancorp (NASDAQ:MCHB) reported a second-quarter net income of $57.7 million as the institution reduced its total cost of deposits to 1.25%.
Hinda Gharbi, CEO of Bureau Veritas, one of the world's leaders in testing, inspection and certification, says the business environment is 'complex' but the company has seen 'resilience' despite the tensions in the Middle East. Gharbi spoke exclusively with Bloomberg's Francine Lacqua from Paris.
Lithia & Driveway (NYSE:LAD) reported record second-quarter 2026 revenues of $9.8 billion, a 2% year-over-year increase.
New Oriental (NYSE:EDU) reported Q4 FY2026 revenue of $1.53 billion, up 23%, while operating income reached US$85.8 million.
Israeli Prime Minister Benjamin Netanyahu earlier met with President Trump at the White House, with Trump seeking to lay the ground for further diplomacy in the conflict. Netanyahu later posted on Instagram that it was quote "one of the best conversations I've had with" Trump. Bloomberg's Dan Williams reports from Washington DC.
Zambia's kwacha is nearing parity with the South African rand. Chief Africa Correspondent Jennifer Zabasajja reports the kwacha has appreciated almost 18% against the dollar this year - making it the second-best performing currency tracked by Bloomberg.
The US says it has intercepted several Iranian ballistic missiles on its military bases - breaking the brief pause in fighting in the Middle East. Meanwhile the US and Saudi forces launched attacks on Iran-backed militia targets in Iraq in response to the drones attacking Saudi's energy infrastructure. Julia Roknifard, Senior Lecturer, School of law and governance at Taylor's University Malaysia spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the reescalation in the region.
Marina Zavolock, chief European equity strategist at Morgan Stanley, says she hasn't seen such a strong earnings season in Europe in years. "We're seeing more interest in European equities in part because of the strong earnings season," she tells Bloomberg Television.