Aaron P | Bauer-Griffin | GC Images | Getty Images Europe’s largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank posted pretax profit in the six months to June of $21.56 billion, down from…
A Starbucks store stands in Manhattan on January 30, 2024 in New York City. Spencer Platt | Getty Images Starbucks served up better-than-feared quarterly results Tuesday night, sending shares of the coffee giant higher in extended trading. The company is by no means out of the woods yet, but the encouraging market reaction supports our…
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Here’s how the company…
Lisa Su at the Keynote: Lisa Su in Conversation with Ryan Patel as part of SXSW 2024 Conference and Festivals held at the Austin Convention Center on March 11, 2024 in Austin, Texas. (Photo by Travis P. Ball/SXSW Conference & Festivals via Getty Images) Travis P. Ball | Sxsw Conference & Festivals | Getty Images…
Chuck Smith monitors the manufacturing process of the series 6 solar panels during a tour of a First Solar plant in Walbridge, Ohio, U.S., October 6, 2021. Picture taken October 6, 2021. Dane Rhys | Reuters First Solar reported second-quarter results Tuesday that beat revenue and earnings expectations, but the solar technology company left its…
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $2.93 Revenue: $64.39 billion Microsoft…
Procter & Gamble’s Tide detergent can be seen on display at a new Wal-Mart store in Chicago January 24, 2012. John Gress | Reuters Procter & Gamble on Tuesday reported mixed quarterly results, but the company’s volume increased for the first time in more than two years. Shares of the company fell 2% in premarket…
John Morrissey serves pints of Guinness at a traditional Irish pub in Dublin on May 21, 2024, in Dublin, Ireland. Nurphoto | Nurphoto | Getty Images Shares of spirits giant Diageo tumbled more than 10% on Tuesday morning, after the Johnnie Walker-maker posted its first sales decline since the start of the pandemic. Shares were…
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs. The bank’s Hong Kong-listed…
The F5 San Jose Office. Courtesy: F5 Cybersecurity and cloud services company F5 forecast fourth-quarter revenue and profit above Wall Street estimates on Monday, expecting resilient spending by businesses and sending its shares more than 13% higher in extended trading. Companies are increasingly digitizing their operations and trying to cash in on the AI boom,…
