Snap stock plummets 19% due to disappointing forecast
Snapchat founder and CEO Evan Spiegel holds up a Pixy drone at a session during the Viva Technology show in Paris on June 17, 2022. Eric Piermont | AFP | …
Earnings
Tilray’s Bottom Line Improvement Results in Surge of Stock
Shares Tilray Brands spiked Wednesday after the Canadian cannabis producer reported a narrower loss for its fiscal fourth quarter than a year ago and a solid revenue beat. The stock opened …
Coca-Cola Declares No Further Price Hikes in U.S. and Europe for the Rest of the Year
A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023. Jeoffrey Guillemard | Bloomberg | Getty Images For two years, Coca-Cola has been raising …
Alphabet’s Stock Surges Following Exceptional Earnings Report
Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Michael Short | Bloomberg …
Q2 2023 Earnings Report Reveals Boeing’s (BA) Financial Performance
An employee walks past a Boeing 737 Max aircraft seen parked at the Renton Municipal Airport in Renton, Washington, January 10, 2020. Lindsey Wasson | Reuters Boeing‘s second-quarter results topped …
Shares of Rolls-Royce surge by 19% following an increase in guidance from the engine-manufacturer
A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany. Omer Messinger | Getty …
AI demand, chip recovery fuel Q2 loss reduction
SK Hynix reported its earnings for the second quarter of 2023 on Wednesday. Nurphoto | Nurphoto | Getty Images South Korean chipmaker SK Hynix posted a second-quarter operating loss of …
Stellantis, the automaker behind Jeep and Dodge, reports increase in first-half revenue and reaffirms 2023 projections
Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer …
Deutsche Bank surpasses expectations despite experiencing a 27% decline in profit and rise in costs
A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a …
Cloud Business Booms, Proving Google’s Ability to Prevail Despite AI Threats
Sundar Pichai, CEO of Alphabet. Source: Alphabet Alphabet has faced a lot of noise this year around the health of its core search business, due to a slumping digital ad …