STMicroelectronics $STMPA.PA, a leading global manufacturer of chips for the automotive and industrial sectors, recently reported its weakest quarterly results in the past year. Despite operating profit plunging to nearly zero, the company remained cautiously optimistic, forecasting a rebound in sales for the second quarter of 2024.

Akzo Nobel $AKZA.AS, the Dutch paint and coatings manufacturer, has announced a 1.7% decline in adjusted EBITDA for the first quarter of the fiscal year. Despite the decrease, the performance surpassed analysts' expectations, largely attributed to the company’s strategic initiatives in reducing costs and implementing price increases. This highlights Akzo Nobel's ability to navigate a challenging retail environment while maintaining profitability.