corporate earnings
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Tech
‘Age of AI is in full steam’
Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have…
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Tech
Meta warns of ‘significant acceleration’ in costs tied to AI after strong Q3
Facebook owner Meta Platforms beat analysts’ estimates for third-quarter revenue and profit on Wednesday, but warned of “significant acceleration” in artificial intelligence-related infrastructure…
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Tech
Google parent Alphabet revenue jumps 15% on AI investments
Google parent Alphabet topped third-quarter revenue expectations on Tuesday, helped by steady growth in its digital advertising business and an AI-driven…
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Tech
Tesla shares jump as EV maker posts surprise profit of $2B
Elon Musk’s Tesla said on Wednesday it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected…
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Business
Netflix shares hit all-time high as investors shrug off subscriber slowdown
Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming…
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Business
Netflix shares climb after adding over 5M subscribers
Netflix NFLX.O picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million users,…
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Tech
Dutch chip giant blames ‘technical error’ for accidental earnings release
A Dutch chipmaking giant sparked chaos after it accidentally published a disappointing financial outlook a day earlier than scheduled –…
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Business
Morgan Stanley profits surge as dealmaking roars back to life
Morgan Stanley said its third quarter profit surged 32% as it joined other bank titans in reporting a revival of…
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Business
IKEA annual sales slump 5% on weak housing market
IKEA annual sales slumped 5% as consumers pull back on furniture purchases amid a weak housing market, according to an…
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Business
Nike sales slump 10%, shares plunge as new CEO faces massive challenge
Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid…
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