is not seeking reelection. While Kansas is a traditionally red state, some Republicans fear Kobach winning the nomination may make the seat more competitive for Democrats. Hyatt Hotels lost $1.80 per share for its latest quarter, wider than the loss of $1.32 that analysts were expecting, with revenue also below forecasts. Hyatt said it continues to contend with the negative impact of the Covid-19 pandemic on travel and hotel demand.
Chegg reported adjusted quarterly profit of 37 cents per share, 5 cents above estimates, with revenue also above Wall Street forecasts. The maker of online learning platforms for students also raised its guidance for the full year, and noted that it had more subscribers during the second quarter than it had in all of 2018.
AIG beat estimates by 16 cents with adjusted quarterly earnings of 66 cents per share. However, profit was down 56 % from a year earlier, partly due to higher catastrophe losses. Diageo reported a larger-than-expected decline in quarterly sales, with the world's largest spirits maker seeing a drop in demand in all its markets except for North America.
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