Earnings

UniCredit lifts 2023 goals after bumper quarter

A logo on the UniCredit SpA headquarters in Milan, Italy, on Saturday Jan. 22, 2022. Bloomberg | Getty Images Italian bank UniCredit on Wednesday raised its net profit and shareholder reward targets for the year after posting much stronger than expected quarterly results as higher rates lifted revenues. UniCredit said it now expects a 2023…

Earnings

Snap shares plunge more than 17% on weak forecast

Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Snap shares tumbled over 16% after the company reported guidance for its current…

Earnings

Alphabet to report second-quarter results after the bell

Sundar Pichai, CEO, Alphabet Inc., during the Google I/O developers conference in Mountain View, California, May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet will report second-quarter earnings after the close of regular trading on Tuesday. Here’s what Wall Street is expecting: Earnings: $1.34 per share, adjusted, according to Refinitiv. Revenue: $72.82…

Earnings

Spotify shares fall on revenue miss and weak guidance

Budrul Chukrut | LightRocket | Getty Images Shares of Spotify fell 6% in premarket trading Tuesday after the company released second-quarter results that missed analysts’ estimates for revenue and offered weaker-than-expected guidance. Here’s how the company did: Loss per share: Loss of 1.55 euros, not comparable to estimates Revenue: 3.18 billion euros vs. 3.21 billion euros expected…

Earnings

Chevron appoints Eimear Bonner as new finance chief and issues preliminary second-quarter earnings results

Cars drive past sign with logo at the entrance to the world headquarters of petroleum company Chevron in the Bishop Ranch office park in San Ramon, California. Smith Collection | Archive Photos | Getty Images Chevron on Sunday said the company’s Chief Financial Officer Pierre Breber will retire next year, and named long-time company veteran…