Tag Archives: earnings

In a preview of its Q2 results, the U.S. supermajor ExxonMobil said on Monday that it expects greater upstream profitability for the second quarter of the year compared to the first quarter of the year, perhaps reaching $700 million.Although there could be an additional $700 million in upstream earnings due …

The stock market’s impressive July debut is carrying over the energy from 2024’s promising first half. Although strong earnings are anticipated for the upcoming quarter, several analysts believe notable growth predictions for the remainder of the year are unrealistic. This could signal a postponement of the probable decline in the …

Nike shares declined in early Friday trading, setting up the stock for a loss of around $21 billion. The world’s biggest sportswear group issued gloomy near-term sales forecasts that could test investor patience for its ongoing turnaround strategy. Nike launched a $2 billion cost-cutting plan last year under CEO John …

BlackBerry stock has surged after its Q1 earnings report, surprising Wall Street by beating revenue expectations. The company’s revenue beat expectations, with a share revenue of 100 and 33 million, which was a narrower than expected quarterly loss. Companies are on track to be both profitable on a non-gap basis …

Walgreens reported fiscal earnings that fell short of expectations and slashed its full-year adjusted profit outlook due to a “challenging” environment for pharmacies and US consumers. The company topped revenue estimates for the quarter on strong performance in its health-care segment, as the results come as Walgreens works to slash …

US stocks remained near the flatline on Friday as a tech-led rally showed signs of fatigue for the first time in over a week. The benchmark S&P 500 shed nearly 0.2%, while the tech-heavy Nasdaq Composite lost 0.2%. The Dow Jones Industrial Average remained virtually unchanged. Nvidia, which briefly became …

The US economy surprised many analysts and investors in 2024 by shifting from early fears of a potential recession into a period of resilience and growth. The Federal Reserve, which initially expected to cut rates multiple times this year, has revised its stance to just one cut. So, what does …

Dell Technologies shares suffered a significant drop of around 14% in premarket trading on Friday, following the company’s announcement that substantial investments in artificial intelligence (AI) technology are expected to weigh on its quarterly profit. This sharp decline could wipe out more than $17 billion of Dell’s market value if …

Dell Technologies’ stock fell -8% in after-hours trading on Thursday, despite an all-around earnings beat in its first quarter. The company reported $22.24 billion in revenue and gains of $1.27 per share, beating analysts’ expectations by a large margin. Dell shares are up by over 120% year-to-date. The company’s earnings …

Nvidia reported Q1 earnings, which were impressive, with net income rising more than sevenfold compared to the previous year. The company’s revenue also experienced remarkable growth, more than tripling from $7.19 billion to $26.04 billion during the same period. Analysts had high expectations, and NVIDIA exceeded them. Earnings per share …