Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty Images Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand. Here’s how the shoemaker did in its … Read more
Marc Benioff, co-founder and CEO of Salesforce, speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for the … Read more
Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom shares rose as much as 13% in extended trading on Monday after the video chat … Read more
NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. Edgar Su | Reuters Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last. Here’s what Wall Street is … Read more
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of … Read more
Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Palantir shares surged more than 17% in after-hours trading after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. … Read more
Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty Images McDonald’s reported mixed quarterly results Monday as turmoil in the Middle East took a toll on its sales in those markets. Shares of the company fell less than 1% in premarket trading. … Read more
Car key for the Ferrari Purosangue SUV. Adam Jeffery | CNBC Luxury sports car manufacturer Ferrari topped Wall Street’s top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits. The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, … Read more
Amazon said on Thursday that its cloud division grew revenue 13% year over year in the fourth quarter, exactly in line with analysts’ projections. The company pointed to growing traction in cloud services for artificial intelligence. Many large technology companies have worked quickly to release new products or update existing ones to capitalize on corporate … Read more
Exxon Mobil reported quarterly earnings that beat Wall Street’s expectations, but the company’s profit declined significantly from same period the year prior as oil prices weakened. Exxon declared a dividend for the first quarter of 95 cents per share payable on March 11. The company returned $32.4 billion to shareholders in 2023 through $14.9 billion … Read more