A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021.Jung Yeon-Je | AFP | Getty ImagesSK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years...
Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida.Gary Hershorn | Corbis News | Getty ImagesSouthwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced...
Rafael Enrique | Lightrocket | Getty ImagesServiceNow raised its full-year subscription revenue forecast on Wednesday as its enterprise customers adopt artificial intelligence-enabled cloud-based software.ServiceNow's shares were up more than 7% in extended trading and have gained 3.5% so far this year, underperforming the S&P 500 index.A burgeoning demand for...
Tubs of Ben & Jerry's ice cream in a store freezer in London, UK, on Thursday, April 25, 2024. Unilever Plc said it wanted to shed its ice cream division, which generates around 8 billion ($8.5 billion) in annual sales, in a bid to reverse years of lackluster performance.Bloomberg...
The Gucci store on Fifth Avenue is seen on March 20, 2024 in New York City.Michael M. Santiago | Getty Images News | Getty ImagesShares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and...
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership's lot on October 03, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesAuto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes, temporary production gaps and lower market share in...
Hedge fund manager Dan Niles sees this week's tech sell-off as confirmation the trade is in significant trouble. Niles sees the market's response to Google parent Alphabet 's quarterly results as evidence investors are getting impatient. Shares tumbled 5% on Wednesday. "The way the market reacted to Google tells...
Ford Motor on Wednesday reported a disappointing second quarter, missing earnings expectations by a wide margin as higher warranty costs ate into profits. We're downgrading the automaker and sending its stock back to the penalty box in response to the reemergence of these quality problems. Automotive revenue increased 6%...
Check out the companies making headlines in after-hours trading: Ford Motor — Ford shares tumbled 11% after the company's second-quarter earnings came in much lower than Wall Street expected due to longtime warranty issues. The automaker posted adjusted earnings per share of 47 cents, significantly less than analysts' forecast of...
Luka Doncic #77 of the Dallas Mavericks shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston.Nathaniel S. Butler | National Basketball Association | Getty ImagesThe National Basketball Association has told Warner Bros. Discovery...