The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England.Matt Cardy | Getty Images News | Getty ImagesBritish oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.Shell reported adjusted earnings of $7.7...
Standard Chartered posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender.Bloomberg | Bloomberg | Getty ImagesStandard Chartered posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates...
Estee Lauder tumbled Wednesday as investors focused on the company's weak fiscal fourth-quarter outlook instead of its strong third-quarter numbers. We're looking deeper and believe that business fundamentals and profit are set to improve into the next fiscal year. Revenue in the three months ended March 31 advanced 5%...
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported second-quarter earnings on Wednesday that surpassed Wall Street expectations, and provided a strong guide for the...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We're no longer recording the audio, so we can get this new written feature to members as quickly as possible.)...
DuPont reported better than expected first quarter results Wednesday morning. Even better, management signaled that the chemical company is moving past most of the destocking headwinds that plagued it this year. Net sales declined roughly 3% year over year to $2.9 billion, beating expectations of $2.8 billion, according to...
Nearly a dozen analysts have either slashed their price targets or downgraded Starbucks after its disappointing quarterly report, viewing existing headwinds as a longer-term issue for the coffee chain. Starbucks' fiscal second-quarter earnings and revenue fell short of analyst estimates, driven by a surprise decline in same-store sales. After...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday' key moments. U.S. stocks were mixed Wednesday as Wall Street prepared for the Federal Reserve's next policy decision in the afternoon. Fed chief Jerome Powell is...
Jim Cramer on Wednesday blasted Starbucks CEO Laxman Narasimhan in a CNBC interview after the coffee giant delivered a terrible quarter and a guidance miss. With Starbucks shares down more than 15% following Tuesday evening's quarterly release and conference call, Jim asked Narasimhan in an interview on CNBC why...
Jakub Porzycki | Nurphoto | Getty ImagesPfizer on Wednesday reported first-quarter revenue that beat expectations and hiked its full-year profit outlook, benefiting from its broad cost-cutting program, a smaller-than-feared drop in sales of its Covid antiviral pill Paxlovid and strong non-Covid product sales.The company now expects to book adjusted...