Today: September 19, 2024
Today: September 19, 2024

Earnings

Business

Whirlpool shares slip after weaker-than-expected annual forecasts

Whirlpool forecast full-year sales and profit below analysts' estimates on Monday, as the home appliance maker navigates pricing pressure from rivals and higher expenses, sending its

Whirlpool shares slip after weaker-than-expected annual forecasts
Business

Futures struggle for direction ahead of key jobs data, big tech earnings

Futures on Wall Street's main indexes were muted on Tuesday, as investors braced for a crucial jobs report to gauge the U.S. labor market's strength, and awaited high-profile tech earnings

Futures struggle for direction ahead of key jobs data, big tech earnings
Business

GM made $10B last year despite autoworkers strike, but it's prepared for lower auto prices this year

General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike

GM made $10B last year despite autoworkers strike, but it's prepared for lower auto prices this year
Business

JetBlue to evaluate deeper cost cuts, forecasts fall in first-quarter revenue

JetBlue Airways said on Tuesday it was evaluating further cost cuts after the company forecast a fall in first-quarter revenue amid early signs of softening domestic demand.

JetBlue to evaluate deeper cost cuts, forecasts fall in first-quarter revenue
Business

Corning forecasts weak quarterly profit on lower demand for optical fiber cables

Specialty glass maker Corning on Tuesday forecast first-quarter profit below Wall Street expectations, as it grapples with lower demand for its optical fiber cables from telecom customers.

Corning forecasts weak quarterly profit on lower demand for optical fiber cables
Business

Food distributor Sysco misses Q2 sales estimates on slowing demand

Sysco missed Wall Street expectations for its second-quarter sales on Tuesday, as demand for custom meat cuts and high-quality seafood petered out in the face of still-high inflation.

Food distributor Sysco misses Q2 sales estimates on slowing demand
Business

Consumer goods giants could see margin recovery halt as price hike benefits abate

A strong margin recovery for consumer goods giants could face a setback as easing input costs after several quarters of biting inflation are offset by cautious

Consumer goods giants could see margin recovery halt as price hike benefits abate
Business

Nasdaq futures sink as Alphabet, Microsoft disappoint; Fed decision in focus

Nasdaq futures slid over 1% on Wednesday as rising AI cost projections from tech giants Alphabet and Microsoft disappointed investors, driving a slide in megacap and chip stocks, while all

Nasdaq futures sink as Alphabet, Microsoft disappoint; Fed decision in focus
Business

Marketmind: Megacaps stumble at high bar as Fed decision awaited

A look at the day ahead in U.S. and global markets from Mike Dolan It's a measure of the high bar of expectations now set for the expensive megacap U.S. stocks that even relatively positive earnings

Marketmind: Megacaps stumble at high bar as Fed decision awaited
Business

Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations

Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge features irked investors hoping for a

Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations
Business

Nasdaq posts higher fourth-quarter profit on strength in fintech solutions

Exchange operator Nasdaq reported fourth-quarter profit that rose 24.6% on Wednesday, on the back of strong performance in its solutions business.

Nasdaq posts higher fourth-quarter profit on strength in fintech solutions
Economy

'AI' stays front-and-center on quarterly conference calls

Artificial intelligence remains a hot topic on earnings conference calls this quarter by Microsoft, Alphabet and others across Wall Street, even as investors look for

'AI' stays front-and-center on quarterly conference calls
Business

Beer can maker Ball Corp misses fourth-quarter sales view on tepid demand

Ball Corp, missed fourth-quarter revenue estimates on Thursday, hit by a drop in demand for its beverage cans as customers tightened their purse strings.

Beer can maker Ball Corp misses fourth-quarter sales view on tepid demand
Business

Canadian wireless giant Rogers beats estimates for quarterly subscriber additions

Canada's Rogers Communications topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as a growing population and immigrants entering the country drove up

Canadian wireless giant Rogers beats estimates for quarterly subscriber additions
Business

Corteva shares jump on upbeat Q4 profit, demand improvement in 2024

Corteva's shares jumped 16% on Thursday, after the U.S. agricultural chemical firm topped Wall Street expectations for fourth-quarter profit backed by strong seed prices.

Corteva shares jump on upbeat Q4 profit, demand improvement in 2024
Business|Economy|News|Technology

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

Meta Platforms Inc_ tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the “year of efficiency.”

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
Business

Panasonic's battery unit maintains annual profit forecast at $785 million

Japan's Panasonic Holdings kept the operating profit forecast for its battery-making energy unit on Friday and reported a rise in third-quarter operating profit for the segment,

Panasonic's battery unit maintains annual profit forecast at $785 million
Economy

Nasdaq futures jump on tech earnings cheer ahead of jobs data

Nasdaq futures climbed 1% on Friday as investors cheered strong quarterly reports from Meta Platforms and Amazon.com and keenly awaited a crucial jobs print at the end of a week marked by

Nasdaq futures jump on tech earnings cheer ahead of jobs data
Business

Bristol Myers posts better-than-expected 4th-quarter results

Drugmaker Bristol Myers Squibb on Friday posted better-than-expected results for the fourth quarter as sales of its new anemia drug Reblozyl and its already off patent

Bristol Myers posts better-than-expected 4th-quarter results
Economy

Fourth-quarter US earnings estimate improving quickly

The U.S. fourth-quarter earnings estimate is improving sharply, with about 80% of reports so far beating analysts' expectations including ones this week from Meta Platforms and

Fourth-quarter US earnings estimate improving quickly
Business

Nvidia eyes fresh record as Goldman Sachs bullish on AI prospects

Nvidia's shares were set to scale a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker's stock in anticipation of a major boost to its earnings

Nvidia eyes fresh record as Goldman Sachs bullish on AI prospects
Business

DuPont beats fourth-quarter profit estimates

DuPont de Nemours beat Wall Street estimates for fourth-quarter profit on Tuesday, as the chemicals maker benefited from cost-cutting measures.

DuPont beats fourth-quarter profit estimates
Business

KKR beats estimates with 4% rise in Q4 earnings

Private equity firm KKR & Co Inc said on Tuesday its fourth-quarter distributable earnings rose 4%, buoyed by strong growth in income from asset sales in addition

KKR beats estimates with 4% rise in Q4 earnings
Business|Economy

Ford posts $523 million 4Q net loss on accounting charge for pensions but beats analyst estimates

Ford says it swung to a net loss in the fourth quarter

Ford posts $523 million 4Q net loss on accounting charge for pensions but beats analyst estimates
Business

SoftBank seen likely to log first quarterly profit in over a year

Japan's SoftBank Group is expected to post a net profit for the first time in five quarters when the tech investment giant reports earnings on Thursday, benefiting

SoftBank seen likely to log first quarterly profit in over a year

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