UBS, BP, Nintendo: Stocks in Focus Overseas -- WSJ

Dow Jones05-07

By Anna Hirtenstein and Katy Barnato

UBS (CH:UBSG, UBS): The Swiss bank's shares jumped after it reported blockbuster earnings, including quarterly profit that was roughly triple Wall Street's consensus forecast.

UniCredit (IT:UCG): The major Italian bank lifted its 2024 guidance, as it reported better-than-expected first-quarter profit. Its shares rose more than 3%.

BP (UK:BP, BP): The British energy company posted a drop in profit due to lower oil and gas prices, missing analysts' expectations. Its stock edged lower in London.

Aramco (SA: 2222): Saudi Arabia's national oil company said its quarterly profit declined, also missing analysts' forecasts, because of lower crude volumes sold and weaker refining margins.

Nintendo (JP:7974): The Japanese videogame maker said it would announce a successor to its Switch console. It also guided for a fiscal-year profit drop due to weaker device and game sales.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 07, 2024 06:01 ET (10:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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