Multiple large corporations reported declining profits in their first-quarter earnings, reflecting a range of operational and market challenges across different industries.

Electrolux experienced the most dramatic impact, with shares falling 23% in European trading after the Swedish appliance manufacturer reported a net loss. The company attributed its poor performance to a significant sales decline in North America.

Oil services company SLB also saw first-quarter profit decline, with CEO Olivier Le Peuch describing a challenging start to the year. The company cited widespread disruptions across the Middle East, related to ongoing conflicts in the region, as factors hurting business operations and clouding the outlook.

Western Union reported lower first-quarter profit, with the money transfer company stating that its Americas retail business faced macro headwinds. The company indicated that immigration policy changes were negatively affecting remittance volumes.

Charter Communications posted first-quarter net income of $1.16 billion, down from $1.22 billion in the previous year. The cable and internet provider saw revenue fall 1% to $13.6 billion as both internet and video subscriptions declined.

The earnings reports highlight how companies across different sectors are grappling with various external pressures, from geopolitical tensions in key markets to policy changes affecting customer demand patterns.