The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here's what Wall Street is expecting, according to average estimates compiled by LSEG, formerly...
Philips office building in Warsaw, Poland on July 29, 2021.Nurphoto | Nurphoto | Getty ImagesDutch health technology company Philips on Monday raised its full-year outlook as it beat analysts' expectations for third-quarter core profit and comparable sales.Core profit more than doubled to 457 million euros ($483.3 million), while comparable...
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices.The carrier said Thursday it...
KitKat chocolate bars, manufactured by Nestle SA, arranged in London, U.K., on Monday, July 26, 2021. Nestle report their half-year results on July 29. Photographer: Hollie Adams/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesNestle posted lower-than-expected nine-month sales growth on Thursday as higher product prices made shoppers balk,...
A man walks past TSMC's logo at the company's headquarters in Hsinchu, Taiwan.Sam Yeh | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. Even though it was the largest profit...
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings.The Finnish telecommunications giant said that it will reduce its cost...
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023.David A. Grogan | CNBCTesla is set to report third-quarter results after the bell on Wednesday.Here's what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Revenue: $24.1 billion expectedEarnings: 73 cents per share,...
Thomas Trutschel | Photothek | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday.The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price hikes, password crackdowns and ad-supported tiers to boost revenue.Further complicating...
Tide laundry detergent is shown on display in Compton, California.Mike Blake | ReutersProcter & Gamble is expected to report its fiscal first-quarter earnings before the bell Wednesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: $1.72Revenue: $21.58 billionFor roughly two years, P&G...
Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.Emmanuel Dunand | AFP | Getty ImagesChip equipment firm ASML...