Nikos Pekiaridis | Nurphoto | Getty ImagesModerna on Thursday posted a surprise quarterly profit, in part boosted by deferred revenue, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech company and other Covid vaccine makers, which...
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty ImagesMercedes-Benz shares gained around 5% on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite...
An Airbus A340-313, operated by Universal Sky Carrier is landing at night in Barcelona, Spain.Nurphoto | Nurphoto | Getty ImagesLONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled its annual profits in 2023 and forecast further momentum this year.Rolls-Royce, which...
A Rivian showroom in New York, US, on Tuesday, Jan. 2, 2024. Yuki Iwamura | Bloomberg | Getty ImagesRivian said on Wednesday it would cut its workforce by 10% and forecast EV production this year that widely missed estimates, hurt by downtime for factory upgrades and slowing demand for electric...
NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023.Edgar Su | ReutersNvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last.Nvidia has...
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019.Anthony Kwan | Bloomberg | Getty ImagesHSBC's full-year 2023 pretax profit missed analysts' estimates on Wednesday, hit by impairment costs linked to the lender's stake in...
An employee stands by a logo for Glencore Agriculture in Glencore Plc's offices in Rotterdam, Netherlands.Bloomberg | Bloomberg | Getty ImagesGlencore said on Wednesday lower commodity prices had halved its earnings last year, and slashed its payout to investors, as the company saves to fund the acquisition of a...
A SolarEdge Technologies logo is seen on a smartphone and a PC.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesSolarEdge's stock tumbled Tuesday after the company gave weak guidance for the first quarter. SolarEdge expects revenues of $175 million to $215 million for the first three months of...
Nikesh Arora, Palo Alto NetworksAdam Galica | CNBCShares of cybersecurity company Palo Alto Networks plunged 13% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings.Here's how the company did compared to LSEG, formerly...
LONDON - Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square.Dan Kitwood | Getty Images News | Getty ImagesLONDON — Barclays on Tuesday reported a...