Meta shares jump after profit triples and company announces first-ever dividend
Meta's fourth-quarter earnings report comes a day after lawmakers grilled CEO Mark Zuckerberg and other social media execs in Washington.
CNBC Earnings
Amazon reports better-than-expected results as revenue jumps 14%
Amazon reported earnings after the bell. Here are the results.
Ferrari finishes a record year by topping Wall Street's estimates
The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, or $317.9 million, in the fourth quarter.
Peloton shares plummet 24% as fitness company gives dismal outlook
Peloton has made some progress in its turnaround plan, but the fitness company is expecting more dark days ahead after failing to reach a number of goals.
Merck results beat expectations as top drugs Keytruda, Gardasil post strong sales
Merck still posted a quarterly loss due to previously announced charges associated with its cancer drug collaboration deal with Daiichi Sankyo.
Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Volvo shares jump 26% on higher sales, plans to stop Polestar funding
Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.
Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its highest-ever annual profit the year prior.
Novo Nordisk hits $500 billion in market value as it flags soaring demand for Wegovy, Ozempic
Novo Nordisk, Europe's largest company by market capitalization, on Wednesday reported better-than-expected 2023 earnings.
Qualcomm earnings beat estimates as smartphone chip sales suggest recovery
Under CEO Cristiano Amon, Qualcomm has been working to apply its chip technology to markets beyond smartphones.
Microsoft issues light guidance even as Azure growth drives earnings beat
Azure cloud growth delivered in Microsoft's fiscal second quarter, and sales of Windows licenses picked up.
Boeing holds off on 2024 guidance as CEO says 'we caused' 737 Max 9 midair blowout
Boeing did not provide a 2024 outlook, weeks after a fuselage panel blew out midflight on a nearly new 737 Max 9 on Jan. 5.
H&M shares tumble 12% after weaker sales and surprise CEO exit
"It has been very demanding at times for me personally," outgoing CEO Helena Helmersson said.
GSK posts blowout RSV vaccine sales, raises outlook as shots give big pharma a boost
The RSV shot, called Arexvy, booked £1.2 billion, or $1.5 billion, in sales after only being on the market for roughly half a year.
Samsung Electronics' semiconductor business reports record annual loss
Samsung Electronics released its fourth-quarter earnings report on Wednesday.
AMD shares fall as first-quarter forecast comes in light
AMD makes graphics processing units, or GPUs, which are needed to train and deploy generative artificial intelligence models.
Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales
Starbucks stock has fallen 13% over the past year as investors worry about U.S. traffic and sales in China.
Alphabet shares slide on disappointing Google ad revenue
Alphabet reported earnings after the bell. Here are the results.
UPS announces 12,000 job cuts, says package volume slipped last quarter
UPS reported more than a 7% decrease in daily package volume in its fourth quarter earnings report Tuesday morning.
JetBlue swings to a loss, forecasts lower capacity in 2024
JetBlue said it expects 2024 capacity to be down in the low single digits and that its adjusted margins could approach breakeven.
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