Meta Platforms delivered a home-run earnings report after the closing bell Thursday — beating on sales and earnings while declaring its first-ever dividend and boosting its buyback. The bullish combination sent shares soaring in extended trading and fortified our belief in one of our largest positions. Revenue in the three months ended Dec. 31 rose … Read more
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta announced on Thursday that it will pay a quarterly dividend for the first time, and said it authorized an expanded $50 billion share buyback … Read more
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in shareholder returns for 2024. The quarterly net profit figure marked an almost 30% fall from the same quarter a year ago but was significantly higher than the 785.61 million euros … Read more
MIAMI, FLORIDA – JUNE 11: A Starbucks coffee cup sits on a table as the company reported supply shortages at some coffee shops on June 11, 2021 in Miami, Florida. The coffee chain said it had supply shortages for some items due to problems in the supply chain. (Photo by Joe Raedle/Getty Images) Joe Raedle … Read more
JetBlue planes at JFK’s Terminal 5 in New York. Leslie Josephs/CNBC JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this year as it scrambles to return to profitability. The New York-based airline reported a net loss of $104 million for the last three months of 2023, compared with a … Read more
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to average estimates compiled by … Read more
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty Images American Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall Street estimates on the top and bottom lines. Shares of the company rose … Read more
Procter & Gamble shares jumped more than 4% on Tuesday following better-than-expected quarterly earnings that were released before the opening bell. While sales missed the mark, profitability was solid, excluding charges related to writing down the value of Gillette and non-core restructuring measures. P & G raised the low end of their full-year EPS guide. … Read more
A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China. VCG | Getty Images Procter & Gamble on Tuesday reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024 as price hikes … Read more
Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. But as we saw with Wells Fargo on Friday, EPS had initially looked like a miss. That, coupled with Morgan Stanley’s new CEO expressing macro caution, set the tone for a tough session for the stock. Revenue for the three months ended Dec. 30 increased … Read more
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