A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a “significantly weaker” margin in fuels and lower gas and oil prices. The British energy giant logged underlying replacement cost profit, used as a … Read more
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week. There are signs that … Read more
Mario poses at the “SUPER NINTENDO WORLD” welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images Nintendo on Tuesday said it will announce the successor to its flagship Switch this fiscal year, after the company forecast a sharp drop in profit … Read more
Saudi Aramco’s first-quarter net profit fell 14% year-on-year amid lower oil prices and production. Net income for the three months up to March 31 came in at $27.3 billion, down from $31.9 billion for the same period last year, the company reported. The figure was in line with analyst expectations, according to Reuters. Aramco announced … Read more
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS on Tuesday reported a net profit of $1.8 billion for the first quarter of the year, smashing analyst expectations. Lower expenses following the takeover of Credit Suisse in June 2023 helped the bank post … Read more
The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. Joe Burbank | Tribune News Service | Getty Images Disney reports its fiscal second-quarter earnings before the bell Tuesday, and analysts will be paying attention … Read more
Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Alex Wong | Getty Images Palantir shares fell around 7% in extended trading on Monday after the defense tech firm reported weaker-than-expected guidance. Here’s how the company did … Read more
Shares of Britannia Industries rallied 9.4% to Rs 5,193.6 in Monday’s trade on BSE despite the FMCG major reporting a 3.6% year-on-year (YoY) decline in net profit to Rs 538.3 crore in Q4 of FY24. On a sequential basis, the net profit saw a decline of 3.2% over Rs 556.39 crore reported in Q3FY24. The … Read more
Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023. Al Drago | Bloomberg | Getty Images Former Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain’s dismal latest quarterly … Read more
Shares of Tata Technologies fell 4.9% on BSE to day’s low of Rs 1,032.95 as the brokerages cut target price on the stock after the company reported its Q4 earnings on Friday after market hours. Tata Tech reported its quarterly earnings on 3rd May wherein their net profit stood at Rs 157.24 crore for the … Read more
