China’s industrial profits have taken a hit in March, with slower gains for the quarter compared to the initial two months of the year. Official data from the National Bureau of Statistics (NBS) revealed that cumulative profits of China’s industrial firms only rose by 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter
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This tech giant has seen a 4% increase in shares after reporting fiscal third-quarter results that exceeded expectations. The Azure business continued to show momentum, contributing to the positive reaction from investors. This shows that Microsoft is continuing to innovate in the tech space and drive growth. Shares of Alphabet surged more than 11% after
Meta Platforms, the parent company of Facebook, experienced a significant drop of over 14% following the release of lighter-than-expected second-quarter revenue guidance. While first-quarter earnings and revenue exceeded analysts’ estimates, the disappointing second-quarter guidance caused a steep decline in the company’s stock value. This indicates that investors are particularly focused on future performance and growth
Royal Caribbean (NYSE:RCL) experienced a significant surge of 4.8% in its stock following the announcement of their first-quarter earnings, which managed to exceed analyst expectations by quite a margin. The cruise operator reported a higher adjusted EPS of $1.77 compared to the consensus estimate of $1.32. This positive outcome was also reflected in the revenue
SK Hynix, a prominent South Korean memory chipmaker, has reported a remarkable turnaround in its financial performance in the first quarter of the year. With a net profit of 1.92 trillion South Korean won ($1.39 billion), the company has managed to reverse the loss of 2.58 trillion won that was incurred in the same period
Walgreens recently announced its plans to partner directly with drugmakers to provide cell and gene therapies to patients in the United States. This initiative is part of a broader expansion of the company’s specialty pharmacy services. The establishment of a new business unit dedicated to the specialty pharmacy segment, which includes AllianceRx as a subsidiary,
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PepsiCo recently reported its quarterly earnings and revenue, exceeding analysts’ expectations. However, the company faced challenges due to weaker U.S. demand caused by various factors such as Quaker Oats recalls and backlash to higher prices for its products. Despite the overall positive results, PepsiCo experienced a drop in its share price, reflecting investor concerns. Let’s
The U.S. stock index futures are showing positive signs of advancement on Tuesday. Growth and chip stocks are gaining momentum, with major tech companies like Meta Platforms, Microsoft, and Tesla edging up in premarket trading. The tech sector is gearing up for quarterly earnings reports, starting with Tesla after the market close on Tuesday. Early
General Motors saw a 4% increase in stock value after posting $2.62 per share on revenues of $43.01 billion for the first quarter. This surpassed analysts’ expectations. GM also raised its expectations for adjusted automotive free cash flow, showing positive growth potential. Shares of GE Aerospace gained more than 4% after the company reported earnings
The U.S. Federal Trade Commission took legal action on Monday to prevent the acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. This move by regulators has put a temporary halt to a deal that would join two significant names in American luxury retail and consolidate six fashion brands under one company.