An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify on Thursday announced it’s cutting 20% of its workforce. The news came as it reported first-quarter earnings that beat analyst estimates on both the top and bottom lines. Shares of Shopify surged as much as 24% in early trading. CEO…
Chief Executive Officer (CEO) of Apple Tim Cook waves to people during the opening of the first Apple Inc. flagship store in Mumbai, India on April 18, 2023. Imtiyaz Shaikh | Anadolu Agency | Getty Images Apple is scheduled to report fiscal second-quarter results after the close of regular trading on Thursday. Here’s what analysts…
A customer passes by the brewery section at an H-E-B grocery store on March 02, 2023 in Austin, Texas. Budweiser owner AB InBev is the largest brewer in the world. Brandon Bell | Getty Images News | Getty Images Budweiser-owner Anheuser-Busch InBev on Thursday reported a jump in profit for the first quarter, saying the…
Shell reported adjusted earnings of $39.9 billion for the full-year 2022. Sopa Images | Lightrocket | Getty Images LONDON — British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results after commodity prices surged in 2022 following Russia’s full-scale invasion of Ukraine. Shell reported adjusted earnings of $9.6…
First-quarter sales revenue rose by 22% to 76 billion euros, Volkswagen said, primarily driven by a recovery in sales volumes in Europe and North America. Bloomberg | Bloomberg | Getty Images German giant Volkswagen on Thursday reported a drop in first-quarter profit, saying weaker sales in China reaffirms the need for the carmaker to close…
Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022, in Beverly Hills, Calif. Patrick T. Fallon | AFP | Getty Images Qualcomm reported second-quarter earnings on Wednesday that were in line with analyst expectations but saw sales from handset chips, a core business for the company,…
AMD Chair and CEO Dr. Lisa Su delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada. David Becker | Getty Images AMD reported first-quarter results on Tuesday that showed revenue dropping 9% on an annual basis. While earnings and sales beat Wall Street expectations,…
Shares of Uber popped 8% in premarket trading Tuesday after the company reported first-quarter results that beat analysts’ expectations for revenue. Here’s how the company did: Loss per share: 8 cent loss vs 9 cent loss expected by analysts, according to Refinitiv. Revenue: $8.82 billion vs. $8.72 billion expected by analysts, according to Refinitiv. related investing news Revenue…
Oil major Chevron beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for a slide in energy prices and in oil and gas production. Net profit climbed 5% to $6.57 billion or $3.46 per share. That compares with a Wall Street consensus for flat profit at…
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images Exxon Mobil on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame…
