second quarter
Coverage of second quarter in the Nexus archive.
- Celsius Holdings stock plunges after its flagship energy drink brand posted a sales decline
Celsius Holdings' stock plunged after its flagship energy drink brand posted a sales decline. The company reported total revenue of $817.9 million in the second quarter, which missed analyst expectations by roughly $55 million.
- Warby Parker swung to profit, boosted by a tariff refund, as revenue climbed
Warby Parker, an eyewear company, posted a net income of $4.6 million in the second quarter, marking a reversal from a loss seen the previous year. The strong results were fueled by an increase in revenue of 9.8% and was boosted specifically by a tariff refund.
- Block beat earnings expectations after slashing 40% of its workforce for AI
Fintech company Block beat earnings expectations after slashing 40% of its workforce for AI development. The company reported a record adjusted operating income margin of 27% and achieved 25% gross profit growth during the second quarter.
- Anthropic says it’s about to have its first profitable quarter
Anthropic announced to investors that it expects to more than double its revenue to approximately $10.9 billion in the second quarter, signaling the company's path toward profitability. This represents significant growth for the AI company and demonstrates strong market demand for its services.
- Inflation rate projected to hit 6% in the second quarter, top economic forecasters say
The inflation rate is projected to hit 6% in the second quarter, according to top economic forecasters. A recent survey indicates that the surge in inflation will worsen over the next several months. This projection suggests a challenging economic outlook.