quarterly

SK Hynix posts record quarterly profit surpassing Samsung on AI boom By Reuters

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…

J&J beats quarterly sales and profit estimates on cancer drug sales By Reuters

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…

Healthcare helps Reckitt beat quarterly sales estimates By Reuters

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…

TI beats quarterly profit estimates as chip demand turns steady By Reuters

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…

GM beats quarterly expectations and raises forecast, but shares dive By Reuters

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…