Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices
The beer industry demonstrated "resilience even in the context of an ongoing inflationary environment," the biggest brewer in the world said.
CNBC Earnings
Shell beats expectations with $9.6 billion in first-quarter profit, boosted by fuel trading
British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.
Volkswagen posts drop in quarterly profit, says it must speed up to catch Chinese EV market rivals
Volkswagen said operating profit fell 31% to 5.7 billion euros ($6.3 billion) through the first three months of 2023.
Qualcomm gives light forecast, phone chip sales fall 17%
Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.
Yum Brands earnings miss estimates despite KFC and Pizza Hut's recovery in China
Yum's same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations.
CVS beats on earnings and revenue but lowers profit outlook
CVS lowered its earnings outlook due to costs associated with recent acquisitions.
AMD revenue drops 9% as PC chip sales decline sharply
AMD's report comes as the PC industry is in a deep slump, with shipments dropping 30% in the first quarter, according to IDC.
Ford posts stellar first quarter, boosted by fleet and legacy truck divisions
Ford is reporting its quarterly financial results by business unit, instead of by region, for the first time.
Starbucks earnings beat as China reverses same-store sales declines
Starbucks said its same-store sales climbed 11% in its fiscal second quarter.
Restaurant Brands earnings beats estimates, fueled by Tim Hortons' and Burger King's strong sales
Burger King's U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold.
Uber revenue beats expectations and the stock is up
Uber reported first-quarter results Tuesday that beat analysts' expectations for revenue.
Intel reports largest quarterly loss in company history
The loss per share was slightly better than soft Wall Street expectations.
Snap plunges on first-quarter revenue miss
Snap continues to suffer in a tough digital ad market with its first-quarter sales missing analyst projections.
Sony posts record annual profit boosted by chips and all-time high PlayStation 5 sales
Sony said it sold 19.1 million PlayStation 5 units in its fiscal year, beating its own forecast of 18 million units.
Amazon stock dips as uncertain cloud outlook overshadows revenue beat
Amazon reported first-quarter sales on Thursday that beat analysts' estimates.
Cloudflare stock plunges more than 20% after revising guidance down
The company issued muted guidance for the full-year and upcoming quarters that sent shares down, despite posting a beat on the bottom line.
Eli Lilly misses on earnings but raises full-year guidance
The company reported adjusted earnings of $1.62, which missed analyst expectations of $1.73 for the quarter.
Merck results beat expectations despite a big drop in sales of Covid antiviral treatment
Despite the drop in molnupiravir sales, Merck's revenue and adjusted earnings for the first quarter beat Wall Street's expectations.
Comcast beats estimates despite slowing broadband growth, higher Peacock losses
Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.
Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus
Hasbro, Mattel and other toy stocks rallied on Thursday after mixed earnings reports from the two rival toymakers.
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