Northrop Grumman Corp. on Wednesday reported a 4.7% increase in second-quarter profit as the defense contractor cut costs, masking a decrease in sales.
Simon Property Group said its second-quarter profit rose 20% as occupancy and rents increased; the company also raised its earnings outlook for the year.
Dow Chemical Co. said its second-quarter earnings slid 60% on higher sales costs and an unfavorable comparison with the year-earlier period, though results beat market expectations.
Boeing boosted its earnings guidance for the year as its second-quarter earnings climbed 52%, buoyed by continued strong demand for the aerospace giant's jetliners.
Biogen Idec said robust sales of its multiple-sclerosis treatments Tecfidera and Tysabri helped drive up its earnings by 46% in the second quarter.
Japan plans to increase support for coal-fired power plants in developing nations, in a direct challenge to U.S. policy.
Data-storage provider EMC said its second-quarter earnings fell 16% as an increase in revenue was offset by a rise in costs.
General Dynamics's second-quarter earnings slipped as the defense contractor recorded sales declines in three of its four business units, including its Gulfstream business-jet unit.
The industrial-gas company's bottom line was helped by higher sales; CEO doesn't see significant economic improvement in second half.
TE Connectivity said its fiscal third-quarter earnings rose 20% amid continued strength in the electronic-components maker's automotive and industrial markets.