WASHINGTON, DC – DECEMBER 11: Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC. The committee held a hearing on ‘Transparency & Accountability: Examining Google and its Data Collection, Use and Filtering Practices.” (Photo by Alex Wong/Getty Images) Alex Wong |…
Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Microsoft will report fiscal third-quarter earnings after the close of regular trading Tuesday. Here are the key numbers to watch: Earnings: $2.23 per share,…
Cheerios, Nescafe, Nesquik, KitKat, Milkybar and Purina products, manufactured by Nestle SA, arranged in London, U.K., on Monday, July 26, 2021. Bloomberg | Bloomberg | Getty Images Consumer goods firm Nestle raised prices by 9.8% in the first quarter, attributing this to “significant cost inflation.” The Switzerland-based company on Tuesday reported sales revenue up 5.6%…
UBS reported a 52% annual drop in net profit on Tuesday amid a legacy litigation matter, but maintained it is a “source of stability” for its clients during periods of high uncertainty. These are the bank’s first results since announcing its takeover of rival Credit Suisse. related investing news UBS said net profit came in…
A Santander office building in London. Luke MacGregor | Bloomberg via Getty Images Spain’s Santander on Tuesday said its net profit in the first quarter rose 1% compared to the same period of 2022 thanks to higher lending income, especially in Europe, which offset a weaker performance in Brazil and the United States. The euro…
Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two other mid-sized banks and sparked fear from customers about widespread bank failures. The deposit flight at First Republic was worse than Wall Street expected, with analysts estimating the figure at…
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday reported quarterly operating profit below market expectations as the Finnish company is selling more 5G gear in low-margin markets and said it was seeing signs of customer spending slowing down. First-quarter comparable operating profit fell…
Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. Benjamin Girette | Bloomberg | Getty Images French car maker Renault said on Thursday revenues had grown by 30% in the first quarter thanks to a rebound in sales and higher prices. Boosted by the launch of several premium…
IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM issued stronger-than-expected first-quarter earnings on Wednesday even as the technology and consulting company reported disappointing revenue. Here’s how the company did: Earnings: $1.36 per…
The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Shares of Abbott Laboratories popped Wednesday after the company’s earnings and revenue topped Wall Street’s expectations, defying a dramatic slowdown in sales of its Covid-19 tests. The medical-products company posted adjusted earnings per share of $1.03. That’s…
