Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest liquids production level in more than four decades. “This quarter is one of the best third quarters we’ve had in the past decade,” Exxon CEO Darren Woods told CNBC’s Squawk Box on Friday. “In the upstream, we see record volumes coming from…
Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The company’s shares were up 2.6% in the premarket following the report’s release. The oil major’s quarterly profit, however, declined substantially compared with the year-ago period due to lower margins on refined product sales, lower prices and the absence of…
An iPhone 16 signage is seen on the window at the Fifth Avenue Apple Store on new products launch day on September 20, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images Apple late Thursday delivered a quarter that can only be described as much better than feared. It…
Amazon parcels are prepared for delivery at Amazon’s Robotic Fulfillment Centre on December 19, 2023 in Sutton Coldfield, England. Nathan Stirk | Getty Images News | Getty Images Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Margin initiatives lead to soaring profits. Additionally, the…
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the third quarter, driven by growth in cloud computing and advertising. The stock ticked higher in extended trading. Here are the results. Earnings:…
Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel shares jumped 12% in extended trading on Thursday after the chipmaker reported better-than-expected revenue and issued quarterly guidance that topped expectations. Here’s how the…
Published Thu, Oct 31 20242:26 PM EDTUpdated 2 Hours Ago Jeff Marks@jeffmarkscnbc Tanks of hydrogen stand near a hydrogen electrolysis plant. Bloomberg | Bloomberg | Getty Images Industrial gas supplier Linde reported a solid third quarter on Thursday, proving once again its ability to grow revenues and earnings in a sluggish macro and industrial environment. More…
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft‘s better-than-expected earnings report wasn’t enough to prevent the stock’s steepest selloff in two years, as investors instead focused on the company’s forecast for the current period. Microsoft…
Published Thu, Oct 31 20241:28 PM EDTUpdated 39 Min Ago Zev Fima@zevfima Eaton Corporation signage at the NYSE Source: NYSE Electrical components and power systems company Eaton delivered mixed third-quarter results Thursday morning, and its stock paid the price. More In Analysis Jim Cramer identifies an interesting buy level for our worst performing Big Tech…
Published Thu, Oct 31 202410:54 AM EDT Kevin Stankiewicz@in/kevin-stankiewicz-b5593466@kevin_stank Peter Cade | Stone | Getty Images Shares of troubled Nextracker jumped Thursday, the morning after delivering strong quarterly results and increases to the solar company’s full-year profitability outlook and project backlog. More In Analysis We’re hiking our price target on an industrial whose earnings benefit…
