Hindustan Zinc posted a bigger-than-expected first-quarter profit on Friday, as strong demand for the metal helped cushion the impact of prices that were pressured by geopolitical uncertainties.

The company expects an adjusted profit in the range of $2.25 a share to $2.75 per share in the quarter ending September. The midpoint of the forecast is $2.50 per share, compared with analysts' average estimate of $2.60, according to LSEG data.

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By Jesus Calero (Reuters) -Swedish garden equipment maker Husqvarna reported second-quarter operating earnings above market expectations on Friday, helped by demand for robotic lawnmowers and margin gains from cost savings and efficiency measures.

Doctors widely consider vaccines to be a money pit. Research shows that most pediatricians either break even or lose money on shots. One 2017 study found that nearly a quarter of family medicine providers and 12 percent of pediatricians stopped purchasing vaccines because of prohibitive costs.

Shares in Salzgitter tumbled after the German steel company cut guidance in the wake of a weak second quarter. Late Thursday, the company said its second-quarter sales fell while pretax loss widened. Salzgitter doesn't expect any notable improvement in the second half, it said.

By Niklas Pollard STOCKHOLM (Reuters) -Swedish defence material maker Saab reported a bigger-than-expected rise in second-quarter operating earnings on Friday and raised its guidance to project even stronger sales this year on the back of soaring military spending.

Citigroup, the third-largest U.S. bank by assets, reported second-quarter net income of $4 billion, up 25% from a year earlier. The bank said higher revenue drove the earnings jump, partially offset by increases in the cost of credit and expenses.