As the Ukraine-Russia war continues, the U.S. has decided to send 31 advanced Abrams tanks to Ukraine. That military staple comes from American aerospace and defense giant General Dynamics which repor...
Tag: Corporate/Industrial News
AT&T Throws Off Cash as Earnings Top Expectations
AT&T ‘s fourth-quarter earnings beat Wall Street’s estimates. A key metric for the wireless company also came in higher than expected. For AT&T (ticker: T), the driver this earnings season is...
Microsoft, Texas Instruments, Tesla, Intuitive Surgical, and More Market Movers
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Boeing Reports Earnings Wednesday. What to Expect.
Text size Boeing investors are looking for improvement in sales, earnings and free cash flow in 2023. Logan Cyrus/Getty Images Boeing investors have endured a lot of bad news over the past few years. ...
ASML Profit Tops Expectations. It Sees a Chip Market Rebound.
ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, a...
EasyJet expects higher 2023 profit as booking strength continues
EasyJet PLC said Wednesday that it expects to beat fiscal 2023 market consensus for pretax profit after first-quarter revenue rose, and that booking strength continues across the second quarter and in...
ASML reports forecast beating profit of $1.96 billion on higher sales
ASML Holding NV said Wednesday that for the fourth quarter it beat net profit consensus and net sales rose, and that it expects continued strong sales growth in 2023 despite a challenging environment....
Opinion: Microsoft gave Wall Street hope, but then the cloud forecast turned dark
Microsoft Corp. sparked a relief rally for the cloud Tuesday, then rained on that parade after less than two hours of joy. Microsoft MSFT reported slightly disappointing holiday-quarter results, but t...
AT&T earnings preview: What to expect
A day after Verizon Communications Inc. posted earnings, AT&T Inc. will share its perspective on the state of the wireless market. AT&T T started to curry more favor on Wall Street last year a...
Microsoft Posts Earnings Beat On Solid Cloud Results, But Guidance Disappoints
Microsoft posted better-than-expected results for the December quarter, driven by strength in cloud computing. But the strong results were tempered by disappointing guidance for the March quarter. Whi...
Intuitive Surgical stock drops 10%, COVID resurgence hobbles sales
Shares of Intuitive Surgical Inc. ISRG dropped more than 10% in the extended session Tuesday after the maker of surgical robotic systems reported fourth-quarter results slightly below Wall Street expe...
JPMorgan ‘hates Tesla and me,’ Musk says in court
Tesla Inc. TSLA Chief Executive Elon Musk on Tuesday shed more light onto the often-acrimonious dealings between the EV maker and JPMorgan Chase & Co. JPM Musk said in a federal trial over his “fu...
Verizon’s stock falls after earnings outlook comes up short
Verizon Communications Inc. returned to positive subscriber growth in its consumer postpaid phone business for the fourth quarter, but shares of the wireless giant dipped in morning trading Tuesday af...
J&J stock rises after 2023 profit view tops analyst outlook
Johnson & Johnson JNJ, -0.25% stock rose 0.9% in premarket trades on Tuesday after the drug company’s profit outlook for 2023 topped analyst estimates. J&J’s fourth-quarter profit fell 25.7% t...
Verizon earnings preview: After stemming losses, can real momentum now build?
Verizon Communications Inc. already disclosed that it reversed its negative subscriber trends in the fourth quarter, but there’s more to be shared about the company’s story. The wireless giant is set ...
Elon Musk tells court Saudi Arabia wanted to take Tesla private, $420 ‘not a joke’
Elon Musk testified Monday he believed he had funding secured to take Tesla Inc. private in 2018, both from a Saudi Arabian investment fund and from his stake in SpaceX, and that one of his key tweets...
Why naked short selling has suddenly become a hot topic
Short selling can be controversial, especially among management teams of companies whose stocks traders are betting that their prices will fall. And a new spike in alleged “naked short selling” among ...
Hellbiz hires same company used by Genius Group to combat illegal short selling
Shares of Hellbiz Inc. HLBZ, +109.13% soared 41.3% in midday trading Monday, and have more than doubled in two days, after the e-scooters and e-bicycles provider said it hired Shareholder Intelligence...
Buy Rivian and Tesla Stock, Sell Fisker and Lucid Stock, Analyst Says. Here’s Why.
Tesla ‘s coming price cuts are going to make it very difficult for other electric vehicle startups—which means investors will have to be choosier when selecting stock in the sector. The Tesla (ticker:...