Earnings Report

The latest on developments in financial markets (all times local): 9:35 a.m.

Airlines are bowing to the staying power of higher fuel prices by culling unprofitable flights while trying to boost revenue by being nicer to customers.

Spotify said it expected a further slight rise to between 85 million and 88 million premium subscribers in the current quarter.

American Airlines is reporting that profits during the second quarter plunged more than 30 percent due in part to rising fuel costs, but it still topped expectations.

Net income rose to about $1.50 billion, or $1.90 per share.

The No. 1 U.S. carrier by passenger traffic reported net income of $566 million.

Under Armour Inc. (UAA) on Thursday reported a loss of $95.5 million in its second quarter.

Bristol-Myers Squibb Co. (BMY) on Thursday reported second-quarter earnings of $373 million.

Comcast is reporting a stronger than expected second-quarter profit even as it struggles to keep cable TV subscribers.

Southwest Airlines overcame rising fuel prices to top profit expectations, though an inflight disaster in which a passenger was killed had an adverse effect on revenue.

Allergan PLC (AGN) on Thursday reported a loss of $472.5 million in its second quarter.

The company, which dropped its pursuit of Twenty-First Century Fox Inc's entertainment assets last week after a bidding war with Walt Disney Co, is still competing against Fox to acquire European pay-TV company Sky PLC.

Dunkin' Brands Group Inc. (DNKN) on Thursday reported second-quarter net income of $60.5 million.

Nokia says its second-quarter earnings slumped as clients were not willing yet to increase spending on the faster but more expensive new generation of mobile networks and are seeking price cuts.

Nissan Motor Co. says its profits plunged 14 percent in the latest quarter as U.S. and European sales fell sharply and raw material costs rose.

LG Electronics says its second-quarter net profit dropped 43 percent as its mobile business logged a bigger loss.

Spanish energy company Repsol reports that its net income in the first half of this year was 1.55 billion euros ($1.8 billion) — a 46 percent increase on the same period last year and the highest profit posted during the period in the last decade.

Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings dropped 27 percent as it shifted away from dependence on its former blockbuster drugs and toward new cancer drugs.