Check out the companies making headlines before the bell. Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from...
Alibaba Offices In BeijingBloomberg | Bloomberg | Getty ImagesChinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world's second-largest economy hit consumer spending.Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in...
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as...
Check out the companies making headlines in after-hours trading: Domino's Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around...
Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger's turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year. Revenue in the fiscal fourth quarter totaled $22.57 billion, topping...
Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose...
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's chief financial officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
A plastic sheet covers an area of the fuselage of the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft outside a hangar at Portland International Airport on January 8, 2024 in Portland, Oregon. Mathieu Lewis-rolland | Getty ImagesThe Federal Aviation Administration on Friday said it will audit Boeing's production line...
Bank of America shares fell about 2% in premarket trading on Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges.Here's what the company reported compared with Wall Street expectations:Earnings per share: 70 cents adjusted vs. 68 cents per share expected, according to LSEG, formerly known as...
Check out the companies making headlines in premarket trading. Tesla — Shares of the electric vehicle company fell more than 3% in premarket trading after Tesla cut prices on both the Model 3 and the Model Y in China a day earlier. Tesla also said its production plant in...
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty ImagesCitigroup on Friday posted a $1.8 billion...
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year.Here's what the bank reported versus what Wall Street was expecting based on a survey of analysts by...
Airbus A330neo widebody aircraft meant for Delta Air Lines being tested in Toulouse, France.Nurphoto | Nurphoto | Getty ImagesDelta Air Lines closed out the year by doubling its quarterly profit as travel demand, particularly for international trips, helped drive record revenue in 2023. CEO Ed Bastian said continued strong...
