Today: September 12, 2024
Today: September 12, 2024

Revenue

Business|Economy|Health

AstraZeneca raises profit outlook on strong medicines demand

Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday after beating analyst expectations for second-quarter

AstraZeneca raises profit outlook on strong medicines demand
Business|Economy|Technology

STMicro cuts full-year outlook for second time, shares tumble

Chipmaker STMicroelectronics (STM) cut its full-year revenue and margins guidance for a second time on weak industrial orders and lower demand for automotive chips,

STMicro cuts full-year outlook for second time, shares tumble
Business|Economy|Technology

India's Tech Mahindra beats Q1 revenue view, expects "better" FY25

India's Tech Mahindra reported its smallest revenue fall in four quarters on Thursday, helped by its manufacturing and healthcare segments, as the company signalled the return of

India's Tech Mahindra beats Q1 revenue view, expects "better" FY25
Business|Economy|Technology

Northrop Grumman lifts 2024 earnings forecast on weapons demand

U.S. defense company Northrop Grumman raised its forecast for full-year revenue and profit on Thursday, amid increased global defense spending and a strong

Northrop Grumman lifts 2024 earnings forecast on weapons demand
Business

US ad revenue at Musk's X declined each month since takeover -data

Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought the company formerly known as

US ad revenue at Musk's X declined each month since takeover -data
Business

Netflix raises prices as it adds 9 million subscribers

Netflix raised subscription prices for some of its streaming plans in the United States, Britain and France on Wednesday, a move to boost

Netflix raises prices as it adds 9 million subscribers
Business|Entertainment|News|Technology

Netflix's password-sharing crackdown reels in subscribers as it raises prices for its premium plan

Netflix has disclosed summertime subscriber gains that surpassed analysts’ projections, signaling the video streaming service’s crackdown on password sharing is converting former freeloaders into paying customers

Netflix's password-sharing crackdown reels in subscribers as it raises prices for its premium plan
Business|Economy

Coke raises full-year sales forecast after stronger-than-expected 3rd quarter

Coca-Cola is raising its full-year revenue forecast after a stronger-than-expected third quarter

Coke raises full-year sales forecast after stronger-than-expected 3rd quarter
Business

Pinterest beats quarterly estimates on ad market recovery; shares up (Oct. 30)

Pinterest beat estimates for third-quarter revenue and profit on Monday, as a stabilizing digital

Pinterest beats quarterly estimates on ad market recovery; shares up (Oct. 30)
Business|Economy|News|World

Bud Light brewer confident it can win back US drinkers, but sales are still down after backlash

Anheuser-Busch InBev says revenue growth in most of its global regions was offset by a drop in North American sales in the third quarter

Bud Light brewer confident it can win back US drinkers, but sales are still down after backlash
Business

Airbnb forecasts fourth-quarter revenue below estimates on demand slowdown fears

Airbnb forecast fourth-quarter revenue slightly below Wall Street estimates on Wednesday, as tourists cut back on their travel plans due to rising costs, uncertain economic conditions and

Airbnb forecasts fourth-quarter revenue below estimates on demand slowdown fears
Business|Economy

Pumpkin spice helps Starbucks posts record sales, but growth may moderate in coming year

Customers fell for Starbucks’ fall menu in its fiscal fourth quarter, helping the company achieve record revenue with Pumpkin Spice Lattes and apple croissants

Pumpkin spice helps Starbucks posts record sales, but growth may moderate in coming year
Business

Duke Energy beats profit estimates on higher margins

Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and so-called rider charges which are added to

Duke Energy beats profit estimates on higher margins
Business

Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak

Beyond Meat is cutting 19% of its non-production workforce after a weaker-than-expected third quarter

Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak
Business

Flutter sees FY earnings at bottom of range, to delist in Dublin

Flutter expects full-year earnings excluding the nascent U.S. market to be at the bottom of its previously forecast range, the world's largest online betting company said on

Flutter sees FY earnings at bottom of range, to delist in Dublin
News|Sports|World

Olympic sports bodies want talks with IOC after cricket and others were added to 2028 LA program

Olympic sports bodies want urgent talks with the IOC about the risk of cuts in their revenue shares and athlete quotas at the 2028 Los Angeles Games because cricket and other newcomers have been added to the program

Olympic sports bodies want talks with IOC after cricket and others were added to 2028 LA program
Business

Improved profit margins 'bright spot' in US earnings season -Goldman strategists

Improving profit margins among U.S. companies are supporting a stronger-than-expected earnings season even as revenues top estimates at rates below the

Improved profit margins 'bright spot' in US earnings season -Goldman strategists
Business

Cisco cuts full-year revenue forecast

Cisco Systems cut its annual revenue forecast on Wednesday, a sign that demand for its networking equipment was slowing in an uncertain economy.

Cisco cuts full-year revenue forecast
Business

IBM shares soar to over 10-year high on rosy AI outlook

Shares of IBM rose 12% to a more than 10-year high on Thursday after the company reported a better-than-expected outlook on its revenue backed by strong demand

IBM shares soar to over 10-year high on rosy AI outlook
Business

JetBlue to evaluate deeper cost cuts, forecasts fall in first-quarter revenue

JetBlue Airways said on Tuesday it was evaluating further cost cuts after the company forecast a fall in first-quarter revenue amid early signs of softening domestic demand.

JetBlue to evaluate deeper cost cuts, forecasts fall in first-quarter revenue
Business|Economy|News|Technology

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

Meta Platforms Inc_ tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the “year of efficiency.”

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
Business

New York Times misses quarterly revenue estimates

New York Times missed expectations for quarterly revenue on Wednesday, hurt by a slowdown in advertising sales and fewer customers signing up for its bundles.

New York Times misses quarterly revenue estimates
Business

Ad group Interpublic warns of lower spending by tech, telecom clients

Advertising group Interpublic beat fourth-quarter revenue estimates on Thursday, but warned that cost cuts by companies in the tech and telecom sectors could continue to weigh on its

Ad group Interpublic warns of lower spending by tech, telecom clients
Business|Economy

PepsiCo profit gets a bump as charges fade, though revenue slips in fourth quarter

PepsiCo’s profit rose in the fourth quarter, helped by a lower impairment charge, even as its revenue declined slightly

PepsiCo profit gets a bump as charges fade, though revenue slips in fourth quarter
Business

Martin Marietta expects weak FY revenue amid housing slowdown

Construction material firm Martin Marietta Materials forecast a weaker-than-expected full-year 2024 revenue on Wednesday, due to an affordability-driven housing slowdown and a softening in

Martin Marietta expects weak FY revenue amid housing slowdown

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