IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM shares slipped as much as 6% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp...
Mark Zuckerberg, CEO, Meta Platforms, in July 2021.Kevin Dietsch | Getty Images News | Getty ImagesMeta will report first-quarter results after the bell Wednesday.Here's what analysts are expecting.Earnings per share: $4.32, according to LSEG.Revenue: $36.16 billion, according to LSEG.Daily active users (DAUs): 2.12 billion, according to StreetAccountMonthly active users...
By just about every measure, Tesla's first-quarter earnings report on Tuesday was dreary. The company missed estimates on the top and bottom lines. Revenue fell by 9% year over year, the worst decline since 2012. Auto sales dropped 13% from the same period in 2023. Free cash flow turned negative.But...
Daniel Acker | Bloomberg | Getty ImagesHasbro reported a smaller-than-expected drop in first-quarter sales and easily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a drag from softer demand for toys.Shares of the company, up roughly 14% this year, rose about 4%...
The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesShares of French luxury group Kering sank more than 9% at open on Wednesday, after the company warned that it expects a sharp downturn in first-half profits as a result...
A logo at the Roche Holding AG headquarters in Basel, Switzerland, on Thursday, Feb. 1, 2024.Bloomberg | Getty ImagesSwiss pharmaceutical company Roche on Wednesday reported a modest uptick in first-quarter sales, even as waning demand for its Covid-19 products continued to weigh on the company.Sales were up 2% at...
A Volvo EX30 fully electric EV Car is displayed during the Everything Electric London 2024 at ExCel on March 28, 2024 in London, England.John Keeble | Getty Images News | Getty ImagesSwedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail...
Shares of Danaher popped more than 7% on Tuesday after the life sciences company delivered beats across its three main businesses — a sign the long-awaited turnaround in the biotech industry is finally here. Revenue for the period ended March 29 declined 4% organically year over year to nearly...
Tesla vehicles sit on the lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty ImagesTesla is set to report first-quarter earnings after the bell on Tuesday.Here's what analysts are expecting, according to LSEG:Earnings per share: 51 centsRevenue: $22.15 billionWall Street is projecting that revenue will...
Big technology earnings this week could offer a much-needed catalyst for a market under pressure. For the better part of the year, technology stocks have propelled the stock market higher as investors ramped up bets on the growth prospects of artificial intelligence. The expectation that the Federal Reserve would...