Shares of Pfizer Inc. PFE, +0.40% sank 2.6% in premarket trading Tuesday, after the drug maker reported fourth-quarter profit that beat expectations, while revenue more than doubled but missed forecas...
Tag: Profit
BP Promises Another $1.5 Billion Buyback as Profit Soars
(Bloomberg) — Most Read from Bloomberg BP Plc boosted share buybacks after surging oil and gas prices lifted profit to the highest in almost a decade. The London-based company followed its Big O...
IMAX Returns To Profit In China Amid Box Office Recovery
“You’d be a fool to underestimate the role of China – its 1.4 billion people, its increased … [+] demographics, its increased quality of film, its increased budgets, its increased box office,” I...
North Korea develops nuclear missiles, profit from cyber-attacks, -UN report
TL;DR Breakdown A report from the UN reveals North Korea has been responsible for enormous cyberattacks. North Korea is said to have used the money accumulated to develop nuclear weapons. The cyber at...
Ford Sinks as Shortages and Commodity Costs Weigh on Profit
(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due ...
Net Profit of Singapore Exchange Reaches S$222 Million in H1 FY2022
Singapore Exchange (SGX) today reported its financial numbers for the first half of the fiscal year 2022 (H1 FY2022). For the reported period, the exchange saw a net profit of S$222 million. Total rev...
Amazon Shares Jump as Cloud Unit Helps Drive Profit Past Estimates
(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Most Read from Bloomberg Profit beat expectations, hel...
Nokia beats estimates for Q4 profit: ‘great end to transformational year’
Nokia Corp (NYSE: NOK) reinstated shareholder returns after reporting better-than-expected net profit for the fiscal fourth quarter on Thursday. Shares still opened about 3.0% down as sales came in sh...
PayPal Stock Crash Wipes Out Over $50 Billion In Market Value After Company Lowers Profit Outlook
Topline Shares of payments giant PayPal had their worst day on record—plunging roughly 25%—after the company issued disappointing revenue and profit forecasts for 2022, citing factors like higher infl...
Marathon Petroleum stock surges after profit more than doubles expectations, $5 billion added to stock buyback program
Shares of Marathon Petroleum Corp MPC, +3.16% shot up 3.9% toward a more-than three-year high after the oil refiner reported fourth-quarter profit that was more than double what was expected and also ...
PayPal Stock Plunges As 2022 Profit Outlook Misses Estimates
PayPal Holdings (PYPL) reported fourth-quarter earnings that fell short of expectations while total payment volume also came in below estimates. PayPal stock plunged as 2022 profit guidance missed as ...
MicroStrategy ($MSTR) Buys Another 660 Bitcoins; Over $1 Billion Profit in Bitcoin So Far
MicroStrategy CEO Michael Saylor today announced that his firm has purchased an additional 660 bitcoins for ~$25.0 million in cash today. MicroStrategy bought these Bitcoin at an average price of ~$37...
UBS Reports Net Profit of $7.5 Billion in 2021
The Swiss multinational investment bank and financial services company, UBS published its financial results for the full-year 2021 today. The net profit of UBS came in at $7.5 billion. The full-year o...
Chevron Profit Falls Short of Forecasts Despite Oil’s Rally
(Bloomberg) — Chevron Corp. posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices. Most Read f...
Ethereum’s Number of Addresses in Profit Decline Amid Market Crash
Tomiwabold Olajide Ethereum might repeat Bitcoin-like death cross as number of addresses in profit declines As per recent Glassnode data, the Ethereum Number of Addresses in profit continues to declin...
Nucor stock rallies as profit soars and tops expectations, as steel prices per ton nearly doubles
Shares of Nucor Corp. NUE, -1.22% rallied 2.1% in premarket trading Thursday, to bounce off a six-month closing low in the previous session, after the steel maker fourth-quarter profit that rose above...
Southwest Airlines says omicron will drive a loss in the first quarter, but expects 2022 profit
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines expects to lose money in the first quarter after the omicron variant of Covid-19 hurt staffing and bookings, but it said profits are ...
Deutsche Bank’s Net Profit Hits €2.5 Billion in 2021
Germany-based financial services giant, Deutsche Bank today published its financial results for 2021. The bank reported a significant jump in its net profit as the number surpassed €2.5 billion in 202...
Intel stock punished again as slimmer profit margins ding earnings forecast, but CEO sticks to his plan
Intel Corp. executives expect profit margins to remain pressured in the long term as the chip maker builds out manufacturing capacity, leading to a disappointing earnings guidance that dinged the comp...
Intel Gives Weak Profit Forecast as CEO Invests in Factories
(Bloomberg) — Intel Corp. gave a disappointing forecast for profit in the current quarter, fueling concern that the cost of Chief Executive Officer Pat Gelsinger’s turnaround plan will weigh hea...
Tesla Beats on Profit But No Cybertruck, New Vehicles This Year
(Bloomberg) — Tesla Inc. set a record for profit but warned supply chain woes will delay its Cybertruck and other new models even as the electric-vehicle pioneer presses ahead on new plants, ful...
Tesla Reports a Record Profit. Its Outperformance Was Below Average.
Text size Tesla earned $2.54 a share in the fourth quarter of 2021. Xiaolu Chu/Getty Images Tesla stock was bobbing around the break even line after the company reported better-than-expected earnings ...
Struggling Bitcoin (BTC) to Profit From FED Rate Hikes: Research
Following reports that the US Federal Reserve is considering increasing interest rates, the crypto market recorded significant losses with crypto assets such as bitcoin experiencing sudden drops in th...
Raytheon stock drops after profit beats but revenue misses expectations, and full-year outlook disappoints
Shares of Raytheon Technologies Corp. RTX, +1.04% dropped 4.1% in premarket trading Tuesday, after the aerospace and defense company reported fourth-quarter profit that beat expectations but revenue t...
Tesla Lithium Supplier Ganfeng Says Profit Soared As Much As 437% In 2021
About half of Tesla’s global production is at this Gigafactory in Shanghai, according to a Reuters … [+] estimate. Photo is from Dec. 2020. Photographer: Qilai Shen/Bloomberg © 2020 Bloomb...
How One Hedge Fund Manager Is Using The Retail Investing Frenzy To Turn A Profit
Retail investors have become a force to be reckoned with over the past few years, but what does the dramatic increase in retail activity mean for hedge funds and other institutional investors? Moez Ka...
Pharmaron Beijing Says Profit Rose Amid U.S., UK Expansion
Pharmaron Beijing’s shares trade in Hong Kong and Shenzhen. Photographer: Roy Liu/Bloomberg © 2020 Bloomberg Finance LP Pharmaron Beijing, a China-based pharmaceutical research services company ...
Think You’re Down? MicroStrategy Has Lost $4B in Paper Profit to Bitcoin Crash
November 2021, now seems like a long history for crypto traders. At a certain point in that month, bitcoin, the world’s leading cryptocurrency by market cap, was sold at $69,000 per unit. However, due...
Bitcoin Plummeted By 11.5% In 12 Hours! Here’s How To Profit in Bear Market
The crypto market is once again painted in red. Over the past 12 hours, the crypto market cap has fallen from around $2.15 trillion to a four-month low of $1.92 trillion according to CoinGecko. \ And ...