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Klarna: Q2 Earnings Snapshot

LONDON (AP) — LONDON (AP) — Klarna Group plc (KLAR) on Tuesday reported second-quarter profit of $4 million.

On a per-share basis, the London-based company said it had profit of 1 cent.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The Swedish buy now, pay later company posted revenue of $1.04 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $992.6 million.

Klarna expects full-year revenue in the range of $4.08 billion to $4.16 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLAR at https://www.zacks.com/ap/KLAR

Boston Symphony Orchestra and musicians extend contract for 48 hours, delaying possible first strike

BOSTON (AP) — The Boston Symphony Orchestra says it agreed with its musicians to a 48-hour extension of their collective bargaining agreement, allowing more time for negotiations to head off what could be the first strike in the ensemble’s 145-year history. The Boston Musicians’ Association said Saturday it had authorized a strike ahead of the expiration of the union’s three-year contract at 11:59 p.m. Sunday. The BSO said Sunday the contract had been extended to 11:59 p.m. Tuesday. BSO CEO Chad Smith said Sunday that the extension had been agreed to pending a ratification vote by the Boston Musicians’ Association and the Boston Symphony Orchestra Players’ Committee. The unions did not respond to a request for comment. The orchestra and management have had strained relations since BSO decided in March to force out music director Andris Nelsons next summer after 13 seasons.
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