BUSINESSTHE RIO TIMES
WEG Profit Dips Just 2.1%, Stock Jumps on Margins
WEG's second-quarter profit declined by 2.1%, better than the anticipated 8% drop, leading to a stock surge due to firm margins.
Related Signal
Adjacent reporting
- WEG Q2 Preview: Analysts See an 8% Profit Dip
- GE boosts profit outlook, but stock falls as booming order growth cools
- Most US stocks rise, but drops for tech keep Wall Street in check
- US stocks edge higher in early trading as falling oil prices help take pressure off the market
- US stocks edge higher as falling oil prices help take pressure off the market