3 years 1 month ago
Virgin Galactic flew two spaceflights during the second quarter: Its final test spaceflight and its first commercial spaceflight.
3 years 1 month ago
JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter.
3 years 1 month ago
Pfizer is in a transition period as it pivots away from its blockbuster Covid vaccine and drug Paxlovid while the world emerges from the pandemic.
3 years 1 month ago
Shares of Merck are down roughly 4% this year, with a market value of roughly $270 billion, making it the third largest pharmaceutical company based in the U.S.
3 years 1 month ago
Shares of Uber fell more than 5% on Tuesday after the company reported second-quarter results that missed analysts' expectations for revenue but offered rosy guidance.
3 years 1 month ago
Oil majors have failed to match the bumper profits posted during the same period of last year amid weaker commodity prices.
3 years 1 month ago
Net profit for the first half stood at $18.1 billion, while revenue for the same period came in at $36.9 billion.
3 years 1 month ago
Meta said revenue in the quarter increased 11% as the company returned to double-digit growth for the first time since late 2021.
3 years 2 months ago
The Tide detergent maker also issued guidance for the new fiscal year that came in under Wall Street's expectations.
3 years 2 months ago
Intel management has told investors that the company's turnaround will take time, and that it is aiming to match TSMC's chip-manufacturing prowess by 2026.
3 years 2 months ago
There was pressure on Ford to raise its guidance after crosstown rival General Motors raised its yearly guidance Tuesday for the second time this year.
3 years 2 months ago
Sweetgreen, which went public in November 2021, is aiming to turn a profit for the first time by 2024.
3 years 2 months ago
Comcast posted more losses from its streaming platform, Peacock.
3 years 2 months ago
McDonald's same-store sales grew 11.7%, driven in part by a strong showing in Europe and the chain's Grimace promotion.
3 years 2 months ago
British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit on weaker fossil fuel prices.
3 years 2 months ago
Samsung is the world's largest maker of dynamic random-access memory chips, which are found in consumer devices such as smartphones and computers.
3 years 2 months ago
Chipotle's stock has climbed 50% year to date, but it fell after the company reported second quarter earnings.
3 years 2 months ago
Boeing said Wednesday that it is transitioning to higher production of its bestselling Max aircraft, at a pace of 38 jets a month.
3 years 2 months ago
Coke has been raising prices across its portfolio, including another round of hikes during the first quarter.
3 years 2 months ago
The company said it anticipates half-year profits, due out on Aug. 3, will be more than double market consensus.
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