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:Â $24.1 billion expectedEarnings:Â 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...
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.The German sportswear giant, in a surprise preliminary estimates release, projected a full-year operating...
A Lucid showroom in New York City on Aug 19th, 2023.Adam Jeffery | CNBCLuxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh...
Brian Moynihan, CEO of Bank of America, testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing, Sept. 22, 2022.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesBank of America is scheduled to report third-quarter earnings before the opening bell Tuesday.Here's what Wall Street expects:Earnings: 82 cents a...
A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023.Justin Sullivan | Getty ImagesWells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity.Shares of the bank rose...
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup reported its third-quarter results on Friday morning, with solid growth in both the institutional clients and personal banking fueling higher-than-expected revenue. Here's what the company reported compared...