DuPont on Wednesday reported another beat-and-raise quarter, continuing a recovery partly driven by growing demand for AI chips — and rewarding our patience with the stock. Net sales in the three months ended June 30 totaled $3.17 billion, topping the $3.05 billion estimate, according to LSEG. Sales rose 2.5%...
GE Healthcare on Wednesday morning reported a mixed second quarter and shares initially moved sharply lower. The stock then reversed higher as the post-earnings call got underway. Management made it clear that they think that weakness in China is temporary and see many other levers available to grow earnings....
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta is slated to report second-quarter earnings on Wednesday after the close of regular trading.Here's what analysts polled by LSEG are...
Aaron P | Bauer-Griffin | GC Images | Getty ImagesEurope's largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment.The bank posted pretax profit in the six months to June of...
Starbucks served up better-than-feared quarterly results Tuesday night, sending shares of the coffee giant higher in extended trading. The company is by no means out of the woods yet, but the encouraging market reaction supports our recent decision to upgrade and buy the stock. Revenue fell 0.6% year over...
Advanced Micro Devices on Tuesday proved it is an emerging force in the AI chip race, as its data center business helped fuel better-than-expected quarterly results. Revenue in the three months ended June 29 advanced 9% year over year to $5.84 billion, topping estimates of $5.72 billion, according to...
Microsoft delivered an overall strong quarter after Tuesday's market close, but a miss on Azure revenue growth put shares under pressure in extended-hours trading. Revenue increased about 15% year over year to $64.73 billion in its fiscal 2024 fourth quarter, beating the Street consensus estimate of $64.39 billion, according...
Chuck Smith monitors the manufacturing process of the series 6 solar panels during a tour of a First Solar plant in Walbridge, Ohio, on Oct. 6, 2021.Dane Rhys | ReutersFirst Solar reported second-quarter results Tuesday that beat revenue and earnings expectations, but the solar technology company left its forecast...
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | ReutersPinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates.Here's...
Lisa Su at the Keynote: Lisa Su in Conversation with Ryan Patel as part of SXSW 2024 Conference and Festivals held at the Austin Convention Center on March 11, 2024 in Austin, Texas. (Photo by Travis P. Ball/SXSW Conference & Festivals via Getty Images)Travis P. Ball | Sxsw Conference...