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Business

“Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away”

October 18, 2023

“… Here’s what P&G reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: P&G reported fiscal first-quarter net income attributable to the company of $4.52 billion, or $1.83 per… Continue Reading…

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Business

“TSMC third-quarter profit to slide 30%, focus on how much growth to come”

October 18, 2023

“…The likely decline in profit also reflects a strong performance last year, when the company was still riding high on pent-up post-pandemic demand. The world’s largest contract chipmaker is set to report net profit of T$195.9 billion ($6 billion) for… Continue Reading…

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Stocks

“Verizon Earnings Fall From Year Earlier But Top Estimates; Revenue Misses”

July 25, 2023

“…For the period ended June 30, March, Verizon earnings came in at $1.21 on an adjusted share. Profit for VZ stock fell 7% from a year earlier. Revenue for Verizon stock dipped 3.5% to $32.6 billion. A year earlier, Verizon… Continue Reading…

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Business, Stocks

“Netflix stock sinks as Wall Street looks for clarity on revenue growth”

July 21, 2023

“Netflix stock sank more than 8% Thursday after a quarterly earnings report that was largely positive but left Wall Street underwhelmed and uncertain about key revenue drivers. The sell-off in Netflix shares follows a 60% year-to-date rally, spurred by the rollout its cheaper,… Continue Reading…

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Banking

“JPMorgan Chase raises key revenue target to $84 billion after First Republic takeover”

May 22, 2023

“JPMorgan Chase raised a key performance target on the heels of its government-brokered takeover of First Republic earlier this month. The bank will generate about $84 billion in net interest income this year, New York-based JPMorgan said Monday in slides… Continue Reading…

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Business

“Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects”

May 16, 2023

“Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay large projects and buy fewer big-ticket items like patio sets and grills… Home Depot said it now… Continue Reading…

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Banking, Stocks

“Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans”

April 18, 2023

“Goldman Sachs posted first-quarter profit on Tuesday that missed analysts’ expectations for revenue after taking a $470 million hit tied to the sale of consumer loans. Here’s what the company reported: The bank said earnings fell 18% to $3.23 billion,… Continue Reading…

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Business

“Procter & Gamble revenue and profit fall as company looks to higher prices to offset declining sales”

January 19, 2023

“…For the three-month period ended Dec. 31, the company reported net income of $3.9 billion, or $1.59 per share, excluding items, down from $4.22 billion, or $1.66 per share, a year earlier. Net sales fell to $20.77 billion, a 1% decrease… Continue Reading…

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Banking

“President Biden slams ‘reckless bill’ from Republicans to reverse funding for the IRS and its 87,000 new hires — here’s how it could affect you”

January 12, 2023

“President Joe Biden had included increased funding for the IRS in the Inflation Reduction Act to help the agency catch sneaky tax evaders — especially those high-earners who love to find loopholes. Advocates believe the increased funding could raise as… Continue Reading…

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Business

“TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders”

December 9, 2022

“TSMC, the world’s largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone. The Taiwanese firm, which makes chips for other companies, said November revenue totaled… Continue Reading…

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