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Walmart beats expectations, raises forecast

The U.S. retailer Walmart raised its same-store sales forecast after beating analysts’ estimates thanks to back-to-school spending after more than a year of distance learning. According to IBES data from Refinitiv, sales excluding fuel at the group’s U.S. stores open at least a year rose 5.2% in the second quarter, beating analysts’ expectations by 3.69
Economy News

Novartis continued to recover in Q2

The pharmaceutical giant Novartis generated $12.96 billion in revenue between April and June. Management reports that demand has returned to pre-pandemic levels in most countries and therapeutic areas. The company still expects sales growth between 1 and 5% for the year, excluding currency effects – Without currency effects, sales growth would be 14% or 9%. […]
Economy News

Wells Fargo earnings surpassed expectations

Wells Fargo & Co returned to profitability in the second quarter after reversing $1.6 billion in provisions related to past bad debts during the Coronavirus crisis and stabilizing costs related to the disputed business practices scandal. “Wells Fargo benefited from the continued economic recovery, strong markets that helped drive gains in our affiliated venture capital