The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England.Matt Cardy | Getty Images News | Getty ImagesLONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates.The British energy giant logged underlying replacement cost profit,...
general view of visitors are seen at Samsung booth during the chinajoy 2023 at Shanghai new expo center in Shanghai, China on July 28, 2023 (Photo by Ying Tang/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korea's Samsung Electronics reported Tuesday quarterly operating profit that was better...
Check out the companies making headlines in extended trading. Arista Networks — The cloud networking solutions company added 6% Monday after the bell. Arista Networks reported $1.83 in earnings per share, excluding items, on $1.51 billion in revenue. Analysts polled by FactSet had estimated $1.58 in earnings per share...
American skateboarding footwear company brand Vans store seen in Hong Kong.Budrul | LightRocket | Getty ImagesVF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United States.Shares were down 4%...
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019.Spencer Platt | Getty ImagesPinterest reported third-quarter earnings on Monday that beat on the top and bottom lines. The stock jumped more...
Mailsonpignata / 500Px | 500Px | Getty ImagesShares of ON Semiconductor closed down more than 21% Monday after the company's third-quarter report beat expectations but offered weak guidance for the rest of the year.ON Semiconductor said it expects to report fourth-quarter earnings between $1.13 and $1.27 per share, excluding...
US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department's Committee on Foreign Investment in the United States conference at the Treasury Department in Washington, DC, on September 14, 2023. Olivier Douliery | Afp | Getty ImagesThe U.S. government's borrowing needs will decline slightly in the final three months...
An artist illustration shows the functions of the Space Development Agency's satellite constellation.Space Development AgencyThe Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites.The SDA is having the pair of companies build 100 satellites as part...
Check out the companies making headlines in midday trading. SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. SoFi posted a massive third-quarter revenue beat and raised its outlook for the full year. The company reported $531 million in revenue, exceeding an LSEG estimate of...
Chipotle and McDonald's fast-food restaurants in Chinatown, Washington, D.C.Jeff Greenberg | Universal Images Group | Getty ImagesMcDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in...