quarterly
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korea’s SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung (KS:). Shares in SK Hynix, a key supplier to AI…
By Patrick Wingrove and Bhanvi Satija (Reuters) -Johnson & Johnson, fresh off a $14.6 billion deal to buy neurological drugmaker Intra-Cellular, reported fourth-quarter sales and profit above Wall Street estimates on Wednesday, driven by strong sales of its cancer treatments. The New Jersey-based drugmaker also said it expects 2025 sales…
By Arsheeya Bajwa (Reuters) – Intel (NASDAQ:) is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker. Shareholders have turned their focus to CEO Pat Gelsinger’s attempts to…
Investing.com – European stock markets edged higher Thursday, as investors digested more third-quarter corporate earnings as well as the latest regional economic activity data. At 03:05 ET (07:05 GMT), the in Germany traded 0.2% higher, the in France rose 0.4% and the in the U.K. gained 0.4%. PMIs in focus…
By Richa Naidu LONDON (Reuters) -Reckitt reported a smaller than expected fall in third-quarter underlying sales on Wednesday, helped by more shoppers buying its health products, which include Nurofen painkillers and Strepsils lozenges. Shares in the consumer goods group rose more than 3% in morning trading, with signs of improving…
By Akash Sriram and Abhirup Roy (Reuters) – Tesla (NASDAQ:) is expected to report an 8% jump in third-quarter deliveries of its electric vehicles on Wednesday, Wall Street estimates show, driven by extended incentives and lucrative financing plans in the world’s largest auto market, China. Responding to sluggish Chinese spending…
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) -TD Bank on Thursday reported a rare loss after setting aside an extra $2.6 billion to cover expected fines from U.S. regulators which has been probing weaknesses in the Canadian lender’s anti-money laundering (AML) controls. TD said late Wednesday that it…
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores. Shares of the Minneapolis-based retailer rose 11% in premarket trading,…
By Arsheeya Bajwa (Reuters) -Texas Instruments beat analysts’ estimates for second-quarter profit on Tuesday, powered by stabilizing demand for analog chips from markets such as personal electronics and lower manufacturing costs. A rebound in smartphones and personal computers sales has enabled firms to clear an inventory glut created by stockpiling…
By Nora Eckert DETROIT (Reuters) -General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street’s expectations, and raised its annual profit forecast for a second time this year, buoyed by strong pricing and demand for gas-powered trucks. The company’s shares lost 6.4% on the day, however. The…
