Apple’s overall revenue rose by 4% in its first fiscal quarter, but it missed on Wall Street’s iPhone sales expectations and saw sales in China decline 11.1%, the company reported on Thursday. Shares rose nearly 3% after the company gave a forecast for the March quarter. Here’s how Apple did versus LSEG consensus estimates for … Read more
Igor Golovniov | Lightrocket | Getty Images Cable giant Comcast is looking to the wireless business for growth. Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long been the growth engine of the cable … Read more
Satya Nadella, CEO of Microsoft, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2024. Brendan McDermid | Reuters Microsoft shares tumbled as much as 5% in extended trading Wednesday after the software company issued fiscal second-quarter results that included … Read more
An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending shares down more than 5%. The carrier forecast an adjusted loss per share … Read more
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty Images Apple stock closed down 4% on Thursday, its worst day since Aug. 5, following … Read more
Bank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income. Here’s what the company reported: Earnings: 82 cents vs. 77 cents expected, according to LSEG Revenue: $25.5 billion vs. $25.19 billion expected The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 … Read more
Citigroup shares jumped Wednesday after fourth-quarter earnings beat estimates on the top and bottom lines, reflecting broad strength across the bank. “2024 was a critical year and our results show our strategy is delivering as intended and driving stronger performance in our businesses. Our net income was up nearly 40% to $12.7 billion and we … Read more
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom. The world’s … Read more
Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024. Robyn Beck | Afp | Getty Images DETROIT – Both General Motors and Ford Motor on Friday reported their best annual U.S. new vehicle sales since 2019, prior to impacts … Read more
Micron CEO Sanjay Mehrotra speaks before President Joe Biden delivers remarks on the CHIPS and Science Act and his Investing in America agenda, at the Milton J. Rubenstein Museum in Syracuse, New York, April 25, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Micron shares plummeted 16% on Thursday — heading for their worst day since … Read more