Dow Jones Top Company Headlines at 7 PM ET: Microsoft Profits Jump 31% as Azure Cloud Sales Surpass $100 Billion | Meta ...
Complete. Here is the key summaryMajor corporate earnings and events include Microsoft's 31% profit jump driven by Azure, while Meta stock dropped 10% due to high AI costs. Qualcomm profits fell, whereas Arm saw growth from AI demand. Johnson & Johnson agreed to acquire Sail Biomedicines for up to $2.58 billion. Other updates feature L3Harris raising guidance, Robinhood beating revenue expectations, Carvana missing forecasts despite record sales, Procter & Gamble citing Iran war cost impacts, Airbus logging strong earnings, and the FTC suing Hims & Hers over data privacy allegations.
Microsoft Profits Jump 31% as Azure Cloud Sales Surpass $100 Billion
Microsoft's earnings report includes signs that AI-revenue growth is accelerating and that spending on data centers will continue.
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Meta Stock Drops 10% on Steeper AI Costs, Missed Forecast
An update on the company's AI spending plans and the shrinking of free cash flow to less than $1 billion heightened scrutiny on the cost of its infrastructure build-out.
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Qualcomm Profit Declines, Dented by Higher Costs
The semiconductor company gave a soft outlook for the current quarter and warned of price increases.
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Johnson & Johnson Comes to Strategic Agreement with Sail Biomedicines
Under the agreement, Johnson & Johnson would make total initial payments of $785 million, and has the exclusive option to acquire Sail for $2.58 billion.
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Arm Posts Higher Revenue, Profit as AI Demand Drives Growth
The company reported a higher first-quarter profit of $270 million as demand for its chip designs exceeded expectations.
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L3Harris Raises Guidance on Higher Profit, Revenue
The defense contractor said it now expects full-year earnings between $11.80 and $12.00 a share, up 40 cents from the company's previous guidance.
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Robinhood Beats Expectations on Surging Revenue, But the Crypto Slump Continues
The mobile trading platform reported $1.3 billion in second quarter revenue, up 32.5%.
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Carvana Reports Skyrocketing Car Sales, Record Profits
Despite a record quarter, the used-car retailer missed Wall Street expectations and shares slumped as much as 15%.
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Canadian Pacific Kansas City Profit Falls, Chair Retires
The railroad operator named Gordon Trafton, board member since 2017, as Isabelle Courville's replacement.
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MGM Resorts Revenue Edges Up, Driven by Las Vegas Strip
The hotel and casino company said revenue from MGM's resorts on the Las Vegas Strip rose 3% to $2.2 billion.
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Pilgrim's Pride Reports Lower Profit, Sales
The chicken and pork manufacturer logged a profit of $13.4 million in the second quarter, citing commodity market pricing reductions.
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Sturm Ruger Swings to Profit as Firearms Demand Drives Revenue Growth
The Southport, Conn.-based firearms maker said sales growth was driven by higher product demand, improved product mix and a 10% increase in average selling price to $384.
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Procter & Gamble Gives Soft Outlook as Iran War Drives Up Costs
Procter & Gamble gave a soft outlook for its new fiscal year, as it expects to take a $1 billion hit from higher costs related to the Iran war.
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Airbus Logs Strong Earnings, Flags Confidence After Boost in Deliveries
The European plane maker said adjusted earnings before interest and taxes-its preferred measure of profitability-jumped 54% on year to â¬2.43 billion.
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FTC Sues Hims & Hers, Alleging Unlawful Sharing of Data, Deceptive Billing
According to the suit, Hims & Hers shared lists of certain customers, and the actions of visitors on its website, with advertisers such as Meta and Snap, even though it claimed its service maintains consumers' privacy.
(END) Dow Jones Newswires
July 29, 2026 19:15 ET (23:15 GMT)
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