Today: September 20, 2024
Today: September 20, 2024

Earnings

Business|Technology

Adobe raises full-year revenue forecast on robust software demand

Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools

Adobe raises full-year revenue forecast on robust software demand
Business|Economy

Goldman Sachs raises S&P 500 year-end target to 5,600

Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to

Goldman Sachs raises S&P 500 year-end target to 5,600
Business|Technology

AI fever drives Nvidia’s rise to world’s most valuable company

Nvidia has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial

AI fever drives Nvidia’s rise to world’s most valuable company
Business|Economy

Kroger reaffirms annual forecasts on cautious consumer spending

Kroger on Thursday struck a cautious tone on consumer spending in the near term as it reaffirmed its full-year same-store sales and profit forecasts despite topping first-

Kroger reaffirms annual forecasts on cautious consumer spending
Business|Economy

General Mills sees tepid annual profit, posts Q4 sales decline as demand falters

Cheerios cereal maker General Mills forecast annual profit below estimates on Wednesday and posted a bigger-than-expected drop in quarterly sales hurt by lower demand

General Mills sees tepid annual profit, posts Q4 sales decline as demand falters
Uncategorized

Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up

By Harshita Mary Varghese and Max A.

Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
Business|Economy

Jefferies Q2 profit beats estimates on dealmaking rebound

Jefferies Financial on Wednesday beat analysts' estimates for second-quarter profit as the bank earned higher fees from advising on deals as well as

Jefferies Q2 profit beats estimates on dealmaking rebound
Business|Economy

H&M slumps on doubts over margin target and June sale drop

H&M cast doubt over its full-year profit margin target on Thursday after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares

H&M slumps on doubts over margin target and June sale drop
Business|Economy|Technology

Micron tumbles as AI revenue surge falls short of lofty expectations

Micron shares fell 5% in early trading on Thursday after the memory chipmaker's quarterly revenue forecast failed to impress investors looking for outsized results

Micron tumbles as AI revenue surge falls short of lofty expectations
Business|Economy|Food

French caterer Sodexo lags Q3 sales expectations on China slowdown

French food caterer Sodexo reported slower quarterly sales growth on Tuesday, missing market forecasts, citing a slowdown in China and a change in how it recognises revenues from a large

French caterer Sodexo lags Q3 sales expectations on China slowdown
Business|Economy

Constellation Brands beats quarterly profit estimates on strong beer business

Corona beer maker Constellation Brands on Wednesday beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines

Constellation Brands beats quarterly profit estimates on strong beer business
Business|Economy|Technology

Samsung flags better-than-expected profit rise as AI boom lifts chip prices

Samsung Electronics estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by

Samsung flags better-than-expected profit rise as AI boom lifts chip prices
Business|Economy

Earnings season to test hopes for broader stocks rally

Hopes that the U.S. stocks rally will broaden beyond megacaps like Nvidia will be tested in coming weeks as investors learn whether profit growth from other

Earnings season to test hopes for broader stocks rally
Business|Economy|News

Exxon Mobil signals second-quarter earnings hit from refining margins, natural gas prices

Exxon Mobil said on Monday lower natural gas prices and refining margins are expected to hit the oil major's second-quarter earnings.

Exxon Mobil signals second-quarter earnings hit from refining margins, natural gas prices
Business|Economy|Technology

ASML shares touch 1,000 euro mark amid optimism over customer TSMC

ASML shares briefly crossed the 1,000 euro ($1,084.30) mark for the first time on Monday, an all-time high, following positive research notes on top customer TSMC ahead of both

ASML shares touch 1,000 euro mark amid optimism over customer TSMC
Business|Economy|Technology

Dassault Systemes cuts 2024 earnings view, citing delays to customer orders

French software company Dassault Systemes cut its full-year earnings target on Tuesday, sending shares lower, as it warned that customers were being cautious with spending and were delaying

Dassault Systemes cuts 2024 earnings view, citing delays to customer orders
Business|Economy

US bank profits face pressure from lower interest payments, higher credit losses

Some of the largest U.S. banks will probably report weaker profits for the second quarter as they earn less from interest payments and set aside

US bank profits face pressure from lower interest payments, higher credit losses
Business|Economy

Porsche AG shares rise after investor call

Shares in luxury carmaker Porsche AG rose 3.9% and were among the biggest gainers in Frankfurt's blue-chip DAX index on Wednesday after positive brokerage comments

Porsche AG shares rise after investor call
Business|Economy

Uniqlo owner lifts forecast again as weak yen powers sales from tourists

The Japanese operator of fashion giant Uniqlo on Thursday raised its forecast for what would be its third consecutive year of record profits, buoyed by strong sales at

Uniqlo owner lifts forecast again as weak yen powers sales from tourists
Business|Economy

PepsiCo quarterly revenue disappoints on slowing sales of snacks, beverages

PepsiCo missed expectations for second-quarter revenue on Thursday as a series of price hikes and competition from private-label brands slowed

PepsiCo quarterly revenue disappoints on slowing sales of snacks, beverages
Business|Economy

Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion

Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it's giving a disappointing outlook for the third quarter

Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion
Business|Economy

Delta sees improvement in pricing power after discounting pressure hits Q3 outlook

Delta Air Lines on Thursday said its pricing power will "significantly" improve August onwards as U.S. carriers slow down seat capacity growth in

Delta sees improvement in pricing power after discounting pressure hits Q3 outlook
Business|Technology

Ericsson Q2 tops forecasts on rising N.America demand for telecom equipment

Ericsson beat profit and sales forecasts on Friday after a demand pick-up in North America raised hopes of a recovery from broader market weakness, sending its shares to

Ericsson Q2 tops forecasts on rising N.America demand for telecom equipment
Business|Economy

Germany's Lufthansa cuts 2024 profit target for a second time

Deutsche Lufthansa slashed its 2024 earnings guidance for a second time and issued a profit warning for its second

Germany's Lufthansa cuts 2024 profit target for a second time
Business|Economy

US companies head into earnings facing high expectations

U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for

US companies head into earnings facing high expectations

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