KUALA LUMPUR: PETRONAS Dagangan Bhd recorded a lower net profit of RM281.25 million in the third quarter ended Sept 30, 2025 compared to RM335.13 million in the same period last year. Revenue for the quarter under review declined to RM9.53 billion compared to RM9.73 billion previously. “Group revenue for the quarter decreased by RM194.6 million or two percent, mainly due to a six percent decrease in average selling price despite a four percent increase in total sales,” he said in a filing to Bursa Malaysia today. On the outlook, the company said the domestic economy is expected to remain resilient […]

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(Reuters) -Casino operator Wynn Resorts (NASDAQ:WYNN) missed second-quarter profit expectations on Thursday, owing to sluggish Macau business. Shares of the company were down 2% in extended trading. The operator of Wynn Palace and Wynn Macau (OTC:WYNMF) properties, saw a 9.5% fall in adjusted property operating profit from its Macau operations at $253 million, compared to $280 million a year ago. However, last week, peer casino operators Las Vegas Sands (NYSE:LVS) and MGM Resorts (NYSE:MGM) reported strength in their Macau businesses. Wynn said VIP hold negatively impacted results in Macau. "We are making progress towards the completion of our Wynn Al Marjan Island project in the UAE, where we are pouring the sixty-first floor of the tower, having finalized key food and beverage partnerships, and agreed to key terms with a number of high profile retail tenants," said CEO Craig Billings. Wynn’s board also announced a dividend of 25 cents per share. The company’s total revenue for the quarter ended June 30 came in at $1.74 billion, compared with estimates of $1.75 billion. With WYNN making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed WYNN alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including WYNN, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is WYNN poised for similar growth? Don't miss the opportunity to find out.

(Reuters) -Fox Corp topped Wall Street estimates for quarterly revenue and profit on Tuesday, driven by a surge in advertising, affiliate fee and continued growth at its free ad-supported streaming service, Tubi. The company also announced a $5 billion increase to its share repurchase authorization. The owner of Fox News saw revenue from affiliate fee rising 2.6% in the fiscal fourth quarter, driven by growth across both its cable and television segments. Fox has benefited from improving advertising trends despite tough comparisons from major international sports events like Copa America and the UEFA European Championship in the same period a year before. Advertising revenues grew 7.1% in the quarter, primarily due to continued digital growth led by Tubi, and higher news ratings and pricing. Growth at Tubi significantly bolsters Fox by expanding its reach into the rapidly growing, ad-supported streaming sector, attracting large numbers of younger, cord-cutting viewers who are increasingly hard to reach through traditional television channels. Building on this growing momentum, Fox is set to launch a subscription-based streaming service, Fox One, on August 21 for $19.99 per month, aiming to reach audiences beyond its mainstay cable television business. In June, the company acquired sports-focused streaming platform and television channel Caliente TV to expand its sports broadcasting presence in Mexico. Fox’s total revenue rose 6.3% to $3.29 billion in the fourth quarter, beating estimates of $3.12 billion, according to data compiled by LSEG. Adjusted profit attributable to Fox’s stockholders was $1.27 per share, compared with estimates of 99 cents. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

(Reuters) -Canadian auto parts supplier Magna International (NYSE:MGA) raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures. The company had said in May it would take steps such as restructuring and reduced capital and engineering spending to cushion the hit from sweeping tariffs. U.S. President Donald Trump’s levies have pressured auto companies across the supply chain, forcing suppliers to absorb more expenses or renegotiate with automakers. Peers Aptiv (NYSE:APTV) and BorgWarner (NYSE:BWA) also raised their annual forecasts on Thursday, banking on stronger auto parts demand. Magna expects 2025 sales to be between $40.4 billion and $42.0 billion, compared with its prior forecast of $40.0 billion and $41.6 billion. On an adjusted basis, it earned $1.44 per share for the quarter through June, above analysts’ estimate of $1.14 per share, according to data compiled by LSEG. Total quarterly sales fell about 3% to $10.63 billion, while the estimate was $10.23 billion. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is MGA one of them?

By Karl Plume (Reuters) -U.S. grain trader and processor Bunge (NYSE:BG) Global reported a smaller-than-expected drop in second-quarter profit on Wednesday after soy crush margins jumped late in the quarter. The world’s largest oilseed processor benefited as soybean prices dropped and soyoil prices rallied on favorable biofuel policy moves in the United States and Brazil. Better results in Bunge’s grains and oils merchandising business also blunted the negative impact from ongoing global trade uncertainty as U.S. President Donald Trump’s tariff threats upended global commodity flows. Bunge shares were up 2.85% at $78.56 in early trading. "We successfully navigated a highly complex period, both internally and externally, and delivered better-than-expected results for the quarter, especially given the market conditions," CEO Greg Heckman said. The earnings beat came as Bunge secured final regulatory approvals for its long-delayed deal to acquire grain handler Viterra, a transaction that officially closed at the start of the third quarter on July 2. It also completed the sale of its U.S. corn milling business. Bunge maintained its 2025 earnings guidance of $7.75 per share, which would be its lowest in six years, but said it would update it to include the Viterra merger prior to reporting third-quarter results. Bunge and agribusiness peers including Archer-Daniels-Midland and Cargill have seen profits erode in recent quarters due to ample global crop supplies and thinning margins. Trade tensions stoked by Trump’s tariffs have further disrupted trade flows as importing nations bought hand to mouth amid the U.S. president’s shifting deadlines for imposing duties. Meanwhile, biofuel policy uncertainty dented demand for green energy feedstocks like soybean oil, although proposed increases for biofuel blending in the U.S. and Brazil was supportive in the longer term for Bunge. "We expect challenging conditions to persist," said CFRA analyst Arun Sundaram, citing tariffs and inflation. "We anticipate more clarity on biofuel policy in coming quarters, which could provide some relief to the current soft macro environment." Bunge posted an adjusted profit of $1.31 per share for the three months ended June 30, compared with analysts’ average estimate of $1.14, according to data compiled by LSEG. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if BG is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

(Reuters) -Hershey beat analysts’ sales and profit estimates for the second quarter on Wednesday, driven by demand during Easter for its confectionery goods and salty snacks. The company said it expects tariff expenses to be between $170 million and $180 million for the full year. It had projected tariff costs to be about $15 million to $20 million in the reported quarter. The Dot’s pretzels maker, which maintained its annual forecasts, said sales volume rose about 21% during the quarter, due to planned changes in its inventory and supply chain in the North America Confectionery and International segments. While Hershey gained from the timing of Easter season, it fell on April 20 this year, the company also benefited from earlier shipments of Halloween seasonal orders. "Looking ahead, we remain committed to delivering balanced growth and have taken pivotal steps toward mitigating cocoa inflation through strategic pricing," outgoing CEO Michele Buck said in a statement. The company raised prices by about 5% in the quarter ended June 29, compared with a 1% increase a year ago, helping it counter soaring prices of cocoa. Earlier this month, Hershey’s said it had tapped Wendy’s (NASDAQ:WEN) Kirk Tanner as its new CEO, effective August 18. Shares of the company, which has also announced its decision to drop artificial colors from its snacks in the next two years, were marginally up at $186.65 in premarket trading. The company’s net sales of $2.61 billion beat estimates of $2.52 billion, as per data compiled by LSEG. On adjusted basis, Hershey reported a profit of $1.21 per share, also topping estimates of 99 cents. Before you buy stock in HSY, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is HSY one of them?

(Reuters) -Ad group Interpublic surpassed analysts’ estimates for second-quarter revenue and profit on Tuesday, thanks to resilient marketing spend from clients, sending its shares up nearly 5%. The results are the latest sign that ad spending is holding firm in an uncertain economy, after French ad giant Publicis and Omnicom also reported upbeat earnings. Increasing use of AI for creating ads has sparked worries about the industry that has long been the creative voice for brands. Interpublic benefited in the April-June quarter from strong spending from its media and healthcare-focused businesses, as well as growth in its sports marketing and public relations units, CEO Philippe Krakowsky said. The company, which last year signed a $13.25 billion merger with Omnicom to create the world’s largest ad agency and better navigate the changing industry landscape, also said it expects the deal to close in the second half of the year. Interpublic’s media services are managed through IPG Mediabrands, which includes brands such as Initiative and Mediahub. Its healthcare marketing is managed under the unified IPG Health network. The company reported second-quarter revenue of $2.54 billion, compared with analysts’ average estimate of $2.17 billion, according to data compiled by LSEG. Its adjusted profit per share of 75 cents also beat the estimate of 56 cents. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if PUBP is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

(Reuters) -Workday forecast second-quarter subscription revenue in line with Wall Street expectations on Thursday, anticipating weakening client spending on its human capital management software due to economic uncertainty, sending its shares down 5% in extended trading. The human capital management industry is grappling with softening spending by enterprise clients due to economic uncertainty that has pressured tech budgets. "We remain focused on executing in this uncertain environment and are reiterating our fiscal 2026 subscription revenue guidance of $8.8 billion," said Chief Financial Officer Zane Rowe. Workday (NASDAQ:WDAY) expects subscription revenue of $2.16 billion for the second quarter. It also announced a new buyback program to acquire an additional $1 billion worth of shares. The company competes against Oracle (NYSE:ORCL) and SAP in the large enterprise space, both of which have larger overall back-office application businesses. Competition in the human capital and financial management software market is increasing, which could lead to pricing pressure, analysts have said. The U.S. Office of Personnel Management, the federal human resources agency at the heart of billionaire Elon Musk’s DOGE efforts to slash the federal workforce, earlier this month canceled a contract it had awarded to Workday. The contract for a new cloud-based HR platform was awarded without seeking bids from rivals. Workday’s total revenue for the first quarter, ended April 30, came in at $2.24 billion, compared to estimates of $2.22 billion, according to data compiled by LSEG. It reported subscription revenue of $2.06 billion, while analysts were expecting $2.05 billion. On an adjusted basis, Workday earned $2.23 per share in the quarter, compared with estimates of $2.01 apiece. ORCL: is this perennial leader facing new challenges? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is ORCL one of them?

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(Reuters) -Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up nearly 1% before the bell. Farmers facing high interest rates and weaker crop prices are leaning more towards renting rather than buying machinery, hitting sales of big-ticket equipment such as tractors and combines. Deere (NYSE:DE) was able to cushion the blow from softer demand and keep its margins steady by lowering production and warranty-related expenses. Tariffs imposed by U.S. President Donald Trump have added to production costs and led to uncertainty for large industrial firms in international markets. The company would continue to make "significant investments" in its core U.S. market, Deere said. Peer CNH Industrial (NYSE:CNH) slashed its annual profit forecast earlier this month, citing a hit from lower shipments due to cooling demand and dealer destocking. Deere and CNH struggled to keep pace with strong tractor demand in 2022, when farm income hit a record high and pandemic assistance payments gave farmers extra money to upgrade their fleets. The world’s largest agricultural-equipment maker expects its annual net income to now be between $4.75 billion and $5.5 billion, compared to its prior forecast of $5 billion to $5.5 billion. Quarterly net income fell to $1.8 billion or $6.64 per share, compared with $2.37 billion or $8.53 per share a year ago. Analysts on average had expected the company to report a profit of $5.58 per share.

By Neil J Kanatt and Savyata Mishra (Reuters) - Sportswear maker Under Armour (NYSE:UA) said on Tuesday it plans to raise prices on some of its products to cushion a hit from looming tariffs, after it posted a smaller-than-expected drop in quarterly revenue aided by its turnaround efforts. The retailer has so far been focusing on increased full-price sales of its apparel and footwear, while cutting promotions, inventory and workforce to reverse revenue declines it suffered in the last two years. Under Armour will now plan targeted price hikes and diversify its supply chain across countries facing relatively lower levies under the Trump administration, CFO David Bergman said on a post-earnings call. The company, which refrained from providing an annual forecast, currently sources about 30% of its overall merchandise volume from Vietnam, roughly 20% from Jordan and 15% from Indonesia. Its margins could take a hit if U.S. President Donald Trump’s imposition of a 46% tariff on imports from Vietnam and a 32% levy on Indonesian goods come into effect in July, unless a favorable agreement has been reached. Under Armour’s gross margins grew 170 basis points in the fourth quarter to 46.7%, boosted by fresh and trendier merchandise and discounts and inventory cuts in its off-price channels. "(The) strategy of shedding lower-value sales and reducing discounts and promotions is still playing out," said EMarketer analyst Sky Canaves, adding that the second half of the year would give a better indication of progress. The company expects first-quarter revenue to decline 4% to 5%, compared with analysts’ expectations of a 1.9% fall, according to data compiled by LSEG. "While the average consumer may be under pressure, orienting towards a more premium and less promotional product assortment may position Under Armour towards a comparatively more resilient consumer base during these uncertain times," said MScience analyst Drake MacFarlane. Should you invest $1,000 in UA right now? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios powered by AI stock picks with a stellar performance in 2024. Unlock ProPicks to find out