Why Garret Motion Stock Triumphed on Thursday

In a report released on Thursday, Garrett reported an improvement in crucial indicators during the second quarter. Although their net sales didn’t experience significant growth, they did see a rise of approximately 3% compared to the same period last year, amounting to $913 million. According to generally accepted accounting principles (GAAP), their net income significantly increased by nearly 36%, reaching $87 million. On an adjusted, per-share basis, their non-GAAP earnings jumped by 48% to $0.43.

Why TotalEnergies Stock Slumped Today

As a passionate follower of the energy sector, I woke up this morning excited to analyze TotalEnergies’ recently released financial reports. Based in France and reporting in U.S. dollars, their latest net revenue came in slightly below $44.7 billion – a figure that falls short compared to the impressive $49.2 billion they earned during the same period in 2024.

Why Allegion Stock Soared on Thursday

Prior to the opening of the market on Thursday, Allegion, a company based in Ireland, announced its second-quarter earnings results. These figures demonstrated that the company saw an approximately 6% increase in revenue compared to the same period last year, amounting to slightly more than $1.02 billion. When considering organic growth, which excludes factors such as divestitures, acquisitions, and currency fluctuations, the revenue also showed a rise of over 3%.

Why Textron Stock Slumped Today

As we approached the quarter’s end, Wall Street anticipated that Textron would report a net income of $1.45 per share with quarterly revenue of $3.65 billion. However, the actual results showed a higher net income of $1.55 per share and revenues of $3.7 billion.

Why Blackstone Rallied Today

Today, Blackstone surpassed analyst predictions for its second-quarter earnings, maintaining its status as the leading authority in the alternative investment sector – the world’s largest private equity firm. Additionally, an emerging possibility of sourcing capital from retirement funds has further fueled enthusiasm among investors.

Why Southwest Airlines Stock Tumbled Today

As Q2 approaches, analysts anticipated that the airline would generate at least a $0.51 per share profit (after adjustments) on revenues of approximately $7.29 billion. Contrary to these expectations, Southwest reported earnings of merely $0.43 per share and revenue of just $7.24 billion.