Earnings
Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor posted first-quarter results Wednesday that were in line with Wall Street’s expectations, though its earnings were dragged down by a stake in electric vehicle maker Rivian Automotive and lower profits on reduced production. […]
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GM’s first-quarter earnings surprised Wall Street but investors remain cautious
GM’s impressive beat and reaffirmed guidance weren’t enough to outweigh fears of analysts and investors of outside macro-economic factors. Source
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Spotify falls 11% on first quarter earnings despite beat on top and bottom
Omar Marques | LightRocket | Getty Images Shares of Spotify dipped Wednesday after the company reported its first-quarter 2022 earnings. The stock was down 10% in the morning amid what’s been a tough earnings season for tech stocks. Here are the key numbers: Earnings per share: 21 euro cents vs an estimated loss of 24 […]
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Stocks making the biggest moves premarket: Microsoft, Boeing, Alphabet, Robinhood and more
A worker inspects a Boeing 737 MAX airliner at Renton Airport adjacent to the Boeing Renton Factory in Renton, Washington on November 10, 2020. Jason Redmond | AFP | Getty Images Check out the companies making headlines in early morning trading. Enphase Energy — Shares of the solar microinverter maker jumped more than 8% during […]
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Boeing misses estimates as it grapples with delays on commercial, defense programs
A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomberg | Getty Images Boeing reported a wider adjusted loss and lower revenue than analysts expected as the company faced higher costs on both commercial […]
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Wall Street analysts are still bullish on Alphabet despite disappointing quarter and YouTube struggles
Alphabet missed estimates for the first quarter, with YouTube revenue a weak spot. But Wall Street analysts reiterated their positive ratings on the stock. Source
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JPMorgan double downgrades JetBlue, sees little upside after Tuesday’s big drop
JPMorgan cut its rating for JetBlue Airways to underweight from overweight. Source
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Credit Suisse reports quarterly loss, reshuffles management team as litigation costs bite
One of the biggest challenges for Credit Suisse this quarter was litigation costs. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle, as the Swiss lender struggles with litigation costs and the fallout from the Russia-Ukraine […]
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Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures
Bloomberg | Bloomberg | Getty Images Deutsche Bank reported Wednesday a net profit of 1.06 billion euros ($1.13 billion) for the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. On Mar. 11, Deutsche Bank said it would wind down its Russia […]
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Alphabet CFO warns of another potentially weak quarter
Alphabet executives on their Q1 earnings conference call warned Q2 will show more deceleration. Source
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