Exxon Mobil on Friday beat Wall Street’s estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Fourth quarter profit was $7.39 billion. Profit per share was $1.67, beating analyst estimates of $1.56, according to LSEG data. The No. 1 U.S. oil producer reported total earnings of…

An office building designed by Frank O. Gehry at the Novartis AG headquarters campus in Basel, Switzerland. Bloomberg | Getty Images Swiss pharmaceutical giant Novartis on Friday reported better-than-expected sales in the fourth quarter, but falling short of its own guidance over the full-year stretch. Fourth-quarter net sales rose 16% on a constant currency basis…

Omar Marques | Lightrocket | Getty Images Apple is struggling to squeeze growth out of its flagship iPhone unit, but its profit margin keeps going up thanks to a flourishing services business. In its fiscal first-quarter earnings report on Thursday, Apple reported a gross margin — the profit left after accounting for the cost of…

Amazon Prime and UPS trucks are seen in Washington, D.C., on July 12, 2024. Jakub Porzycki | Nurphoto | Getty Images Shares of United Parcel Service closed down 14% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its largest customer, by more than…

Published Thu, Jan 30 20254:34 PM EST Morgan Chittum@morgan_chittum Eaton Corporation signage at the NYSE Source: NYSE Eaton investors worried that DeepSeek may torpedo the AI data center trade breathed a little easier Thursday, one day before the U.S. industrial company reports quarterly earnings.  More In Analysis More choppiness on Wall Street — plus, Nextracker…

Published Thu, Jan 30 20252:07 PM EST Zev Fima@zevfima A close-up look at one of Dover Corp.’s metal quick disconnects used for data center server cooling. Courtesy: Dover Corp. Shares of Club name Dover jumped Thursday, as a strong profitability outlook for the year ahead outshined some blemishes in the industrial conglomerate’s fourth-quarter results. The…

Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Microsoft shares dropped more than 6% after issuing weak current-quarter guidance after the bell Wednesday. The software giant topped Wall Street’s fiscal second-quarter estimates, posting earnings of $3.23 per…

Travelers check in at Southwest Airlines at Hartsfield-Jackson Atlanta International Airport on June 28, 2024 in Atlanta, Georgia.  Kevin Dietsch | Getty Images U.S. budget carrier Southwest Airlines’ fourth-quarter profit surpassed Wall Street estimates on Thursday, helped by robust travel demand and improved airfares. The airline also forecast better-than-expected unit revenue (RASM), a proxy for…

A general exterior view of the H&M fashion retail store in Oxford Circus on January 09, 2025 in London, England. John Keeble | Getty Images News | Getty Images Shares of H&M dropped more than 5% on Thursday after the world’s second-largest retailer missed sales forecasts in the fourth quarter. Sales at the Swedish fashion…

Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta Platforms on Wednesday evening delivered a monster quarterly beat on everything from sales and earnings to cash flow and engagement. Source: www.cnbc.com