Visitors line up in front of the Huawei flagship store on Nanjing East Road, one of the city's main commercial and tourist area, in Shanghai, China, on Sept. 30, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1%...
Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft.The National Retail Federation escalated its campaign to rally support for the bill, known as the Combating...
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker's Ford Rouge Electric Vehicle Center (REVC).Michael Wayland | CNBCAs a result, it's postponing about $12 billion in planned spending on new EV manufacturing capacity.Customers' reluctance to pay extra for EVs has complicated Ford's ambitious...
Check out the companies making headlines after the bell : Amazon — The e-commerce giant's shares were roughly flat. Amazon issued fourth-quarter sales guidance ranging between $160 billion to $167 billion, while analysts polled by LSEG called for revenue of $166.6 billion. Amazon beat analysts' forecasts on the top...
Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel shares rose about 6% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as overall revenue declined.Here's how Intel...
Food is served at a Chipotle restaurant on in Chicago, Illinois.Scott Olson | Getty ImagesChipotle Mexican Grill on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls.Shares of the company rose more than 5% in extended trading.Here's what the company reported...
Andy Jassy, CEO, AmazonCNBCAmazon reported earnings after the bell. Here are the results.Earnings per share: 94 cents per share vs. 58 cents per share expected by LSEG, formerly known as Refinitiv.Revenue: $143.1 billion vs. $141.4 billion expected by LSEG.Investors will also be looking at business units:Amazon Web Services: $23.2...
A UPS driver pulls a cart with packages while making deliveries on June 12, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of the United Parcel Service slipped 6% Thursday after the company reported a bigger-than-expected revenue decline and cut its revenue guidance for the year.The stock hit...
Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expectations. It didn't matter.Following better-than-expected results on the top and bottom lines from two of the most valuable tech companies in the world, the Nasdaq responded by dropping close...
These are the stocks posting the largest moves in midday trading.