Ford Motor on Wednesday reported a disappointing second quarter, missing earnings expectations by a wide margin as higher warranty costs ate into profits. We're downgrading the automaker and sending its stock back to the penalty box in response to the reemergence of these quality problems. Automotive revenue increased 6%...
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesIBM shares rose 5% in extended trading on Wednesday, after the company reported second-quarter results that surpassed analysts' predictions.Here...
AT&T exceeded market expectations for wireless subscriber additions in the second quarter on Wednesday, as higher-tier unlimited plans attracted customers.
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.The stock pared losses to trade down 7.3% at 04:37 ET. Elon Musk's...
Italian bank UniCredit on Wednesday posted better-than-expected second quarter profit and said it was buying a Belgian digital bank with its own cloud-based IT platform for 370 million euros ($401 million).Led since 2021 by former UBS investment banking chief Andrea Orcel, UniCredit is at the center of speculation over...
Bank of Santander HeadquartersGetty ImagesBanco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity, after firm revenues and margin management in Europe and Brazil.The company's net profit attributable to the parent group came in at 3.207 billion euros...
Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty ImagesGermany's largest lender Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank...
Alphabet on Thursday delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space. Total revenue in the three months ended June 30 rose 13.6% year over year to $84.74 billion, outpacing the $84.19 billion expected, according...
Shares of Danaher popped more than 6% on Tuesday after the life sciences company delivered a strong quarter and reaffirmed its guidance — signaling the longtime Club stock is back on track. Revenue for the period ended June 28 declined 3.5% organically year over year to $5.74 billion, outpacing...
Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes.Here's what analysts are expecting:Earnings per share: $1.84, according to LSEGRevenue: $84.19 billion, according to LSEGWall Street is also watching several other numbers in the report:YouTube advertising revenue: $8.93 billion, according to StreetAccountGoogle Cloud revenue: $10.20...