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Earnings

Coterra’s strong energy production allowed for big cash returns to shareholders

by Milton Acorn
Coterra’s strong energy production allowed for big cash returns to shareholders

Coterra Energy missed Wall Street expectations for sales and earnings in the second quarter. However, production volumes and more importantly cash generation both came in ahead of expectations. Revenue in …

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Categories Science

Amazon stock down 12% after third-quarter outlook disappoints

by Ev Richard
Amazon stock down 12% after third-quarter outlook disappoints

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon shares …

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Categories Technology

ExxonMobil (XOM) earnings Q2 2024

by Adrian Jhonsan
ExxonMobil (XOM) earnings Q2 2024

An Exxon Mobil gas station in Washington, D.C., on Nov. 28, 2023. Al Drago | Bloomberg | Getty Images ExxonMobil on Friday posted its second highest results for the second …

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Categories World

Chevron (CVX) earnings Q2 2024

by Milton Acorn
Chevron (CVX) earnings Q2 2024

Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Images Chevron missed second-quarter earnings expectations, hurt by lower refining …

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Categories Science

Intel share plunge drags down global chip stocks from TSMC to Samsung

by Adrian Jhonsan
Intel share plunge drags down global chip stocks from TSMC to Samsung

Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan …

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Categories World

Apple strong quarter puts it on sure footing ahead of AI iPhone launch

by Adrian Jhonsan
Apple strong quarter puts it on sure footing ahead of AI iPhone launch

Apple delivered quarterly beats after Thursday’s closing bell ahead of what’s expected to be a robust artificial intelligence iPhone upgrade cycle in the months the come. Revenue in Apple’s fiscal …

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Categories World

Nintendo profit plunges 55% as sales of its ageing Switch console fall

by Ev Richard
Nintendo profit plunges 55% as sales of its ageing Switch console fall

Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo …

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Categories Technology

Why not all chip firms are benefitting from the AI boom like Nvidia

by Adrian Jhonsan
Why not all chip firms are benefitting from the AI boom like Nvidia

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024.  David Paul Morris/Bloomberg via …

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Categories World

Apple spending more on AI, but remains behind its Silicon Valley peers

by Ev Richard
Apple spending more on AI, but remains behind its Silicon Valley peers

Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday …

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Categories Technology

Eaton shares get dragged down in the market selloff despite a nice beat and raise

by Milton Acorn
Eaton shares get dragged down in the market selloff despite a nice beat and raise

Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. …

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Categories Science
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