Earnings
Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Meta Platforms‘ stock dropped more than 10% Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results. The social media […]
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Alphabet stock jumps 4% after posting strong results, boosting AI spend
Alphabet stock jumped 4% Thursday after the company reported third-quarter financial results that beat across the board and increased its capital expenditures for the year. The Google parent company bumped its spending expectations on artificial intelligence infrastructure to $91-$93 billion from $85 billion the prior quarter, noting continued strong cloud demand. CEO Sundar Pichai said the […]
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Jeep maker Stellantis stock falls 6% after issuing warning on one-off costs
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Stellantis on Thursday issued a warning on one-off costs through the second half of the year as the embattled automaker seeks to […]
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Comcast beats earnings estimates despite more broadband subscriber losses
Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers. The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed […]
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Merck tops estimates on Keytruda strength and narrows profit outlook, as it lowers estimated tariff hit
Merck on Thursday reported third-quarter earnings and revenue that topped estimates as it saw strong demand for its cancer immunotherapy Keytruda. The drugmaker also narrowed its full-year profit outlook to reflect lower estimated tariff costs, among other factors. Sales of Keytruda topped $8 billion for the first time in a quarter, rising 10% from the […]
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Restaurant Brands earnings top estimates, fueled by Tim Hortons and international growth
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by growth of its international restaurants and Tim Hortons. Combined, the two divisions account […]
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Volkswagen skids into the red on 5-billion-euro U.S. tariff hit, Porsche woes
The logo of the German car manufacturer Volkswagen can be seen on a vehicle in front of a VW dealership. Picture Alliance | Picture Alliance | Getty Images An expensive course correction at subsidiary Porsche dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.52 billion) operating loss and piling billions […]
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Oil giant Shell launches another $3.5 billion share buyback as profit beats expectations
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Thursday reported stronger-than-expected third-quarter profit, citing robust operational performance and higher trading contributions. Shell posted adjusted earnings of $5.4 billion for the quarter, beating analyst expectations of […]
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Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace
Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter on a rebound in its chip business. Here are Samsung’s third-quarter results compared with LSEG SmartEstimate, which […]
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Meta CEO Mark Zuckerberg defends AI spending: ‘We’re seeing the returns’
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg is sounding a familiar tune when it comes to artificial intelligence: better to invest too much than too little. […]
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