November 9, 2023
“Sony on Thursday reported a 29% drop in operating profit in the fiscal second quarter as the Japanese electronics giant suffered from weakness in its imaging sensor — or chip — business. Here’s how Sony did in the September quarter versus… Continue Reading…
November 9, 2023
“Virgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation Delta-class spacecraft, the company announced Wednesday. Shares of Virgin Galactic surged as much as 30% in heavy trading volume on Thursday from its previous close… Continue Reading…
November 8, 2023
“…The automakers on Wednesday announced the creation of a French trust to which Renault transferred 28.4% of Nissan shares. The companies first disclosed plans for the trust in January. Renault and Nissan now have a cross-shareholding of 15% with lock-up… Continue Reading…
November 8, 2023
“…After Wednesday’s market open, Roblox shares soared as much as 20% after the company reported stronger-than-expected Q3 earning and sales results. The company lost 45 cents a share, vs. the 49-cent loss expected by FactSet. The company reported bookings of… Continue Reading…
November 8, 2023
“…Robinhood also reported fewer monthly active users, which fell 16% to 10.3 million in the third quarter from the same period last year. Although third-quarter revenue rose 29% to $467 million, it fell short of the $480 million analysts were… Continue Reading…
November 8, 2023
“Warner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a bigger-than-expected loss and lackluster streaming subscriber numbers. Here’s what the company reported for the quarter ended Sept. 30, versus analysts’ estimates, according to LSEG, formerly… Continue Reading…
November 7, 2023
“Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue… Continue Reading…
November 6, 2023
“Citigroup’s managers and consultants working on CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process… Last month, Citi said it would cut… Continue Reading…
November 3, 2023
“…Shares of Palantir closed up 20% Thursday after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance. Here’s how the company did: Palantir’s revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier.… Continue Reading…
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