New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, July 2, 2024. Justin Sullivan | Getty Images DETROIT — General Motors expects its 2025 adjusted earnings to be in a “similar range” to the company’s results this year, CFO Paul Jacobson said Tuesday during the company’s investor day.…
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images South Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter. In guidance released Tuesday, the world’s…
Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers. Revenue for Apple’s biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion). “The result exceeded the…
Bottles of Corona, Modelo and Pacifico beer are displayed on the a shelf at a supermarket on April 6, 2017 in San Rafael, California. Justin Sullivan | Getty Images Modelo and Corona brewer Constellation Brands is a tale of two businesses. One of them — beer — is stealing market share left and right. The…
Published Wed, Oct 2 20243:53 PM EDT Morgan Chittum@morgan_chittum A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty Images Deutsche Bank is striking a cautious tone on Dover‘s stock ahead of the industrial conglomerate’s upcoming earnings report. Jim Cramer is saying don’t fall for it. More In Analysis Wall…
Customers walk by the membership counter at a Costco store on July 11, 2024 in Richmond, California. Justin Sullivan | Getty Images Costco on Thursday reported ho-hum quarterly results, with a small topline miss being more than offset by strong profitability to deliver an earnings beat. The report didn’t blow us away, but it still…
Omar Marques | Lightrocket | Getty Images Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher-than-expected first-quarter revenue due to the thirst for its memory chips used in artificial intelligence computing. Micron is one of the only three providers of high-bandwidth memory (HBM) chips along with South Korea’s SK Hynix…
The logo of Swedish clothing retailer H&M hangs over one of its stores on March 28, 2018 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Shares of H&M tumbled 7% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target.…
A Raspberry Pi 2 Model B single-board computer. Olly Curtis | Future Publishing | Future | Getty Images Raspberry Pi, the British computer company that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the first half, sending its shares up 7% in early trade. The group, which produces low-cost single-board…
Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly. Jeff Greenberg | Universal Images Group | Getty Images FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based…
