Earnings
Palantir shares surge 15% after company posts strong earnings and outlook
Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares surged more than 15% in extended trading on Monday after the software company reported fourth-quarter earnings […]
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Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026
Key Points British payments startup GoCardless reported a net loss of £35.1 million ($43.8 million) in the full year ending June 2024. GoCardless CEO Hiroki Takeuchi said its his aim for the company to post its first full-year profit in 12 to 18 months’ time. Source
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Earnings playbook: Your guide to the busiest week of the season, including reports from Alphabet and Amazon
The corporate earnings season will reach its halfway point with the busiest week of the reporting period. More than 100 S & P 500 companies are slated to post their latest quarterly reports. Among those are Alphabet, Amazon and Advanced Micro Devices. So far, about 180 S & P 500 members have reported fourth-quarter earnings. […]
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DeepSeek shocked the AI world this week. Here’s how tech CEOs responded
Microsoft CEO Satya Nadella commented on its “real innovations.” OpenAI’s Sam Altman described it as “clearly a great model.” Apple CEO Tim Cook said “innovation that drives efficiency is a good thing.” And Palantir’s Alex Karp said it shows the importance of “an all-country effort.” The tech CEOs were all talking about China’s DeepSeek, which […]
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Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
Key Points Commerzbank bank said it achieved a 20% increase in net profit to 2.68 billion euros ($2.78 billion) in 2024. This compares with a $2.47 billion net profit forecast for the period, according to a consensus estimate cited by Reuters. The group will deliver its annual strategy update and outlook on Feb. 13. “We […]
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Exxon beats fourth-quarter estimates with higher Permian, Guyana output
Exxon Mobil on Friday beat Wall Street’s estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Fourth quarter profit was $7.39 billion. Profit per share was $1.67, beating analyst estimates of $1.56, according to LSEG data. The No. 1 U.S. oil producer reported total earnings of […]
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Cook points to ‘fiscal stimulus’ after Apple suffers steepest China sales decline in a year
When Apple reported its December quarter earnings on Thursday, it revealed that China sales had dropped 11.1% on an annual basis. It was the worst quarter by growth rate since the December quarter a year ago, and marks the sixth straight quarter of declines in Apple’s third-largest region by revenue. Ahead of Apple earnings, analysts […]
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Nasdaq 100 futures rise after Apple earnings; investors await inflation data: Live updates
Traders work at the New York Stock Exchange on Jan. 30, 2025. NYSE Stock futures edged higher Thursday night as investors analyzed earnings reports from Apple and other well-known companies ahead of the release of a closely followed inflation report. Futures tied to the S&P 500 ticked higher by 0.2%, while Nasdaq 100 futures gained […]
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Apple’s gross margin hits record as services business keeps growing
Omar Marques | Lightrocket | Getty Images Apple is struggling to squeeze growth out of its flagship iPhone unit, but its profit margin keeps going up thanks to a flourishing services business. In its fiscal first-quarter earnings report on Thursday, Apple reported a gross margin — the profit left after accounting for the cost of […]
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Stocks making the biggest moves after hours: Apple, Intel, Atlassian, Deckers and more
Check out the companies making headlines in after-hours trading: Apple — Shares slipped 1% as investors parsed the personal technology giant’s earnings report. While the company beat expectations for the fiscal first quarter on both lines, closely followed iPhone revenue came in below Wall Street’s forecast. Intel — Shares rose 1.4% after the chipmaker beat […]
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