Ferrari profit jumps 24% as demand pushes waiting list into 2025

Ferrari's EBIT profit margin, a widely-watched figure, increased a full percentage point to 26.9%.

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Moderna posts surprise quarterly profit despite waning demand for Covid vaccines

Moderna maintained its full-year guidance of around $5 billion in revenue from its Covid vaccine, its only marketable product.

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Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices

The beer industry demonstrated "resilience even in the context of an ongoing inflationary environment," the biggest brewer in the world said.

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Qualcomm gives light forecast, phone chip sales fall 17%

Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.

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CVS beats on earnings and revenue but lowers profit outlook

CVS lowered its earnings outlook due to costs associated with recent acquisitions.

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AMD revenue drops 9% as PC chip sales decline sharply

AMD's report comes as the PC industry is in a deep slump, with shipments dropping 30% in the first quarter, according to IDC.

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Starbucks is about to report earnings. Here's what to expect

Shares of Starbucks have risen 14.6% this year, giving the company a market value of $131 billion.

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Ford Motor is set to report earnings after the bell. Here's what Wall Street expects

Ford is expected to report adjusted earnings per share of 41 cents and automotive revenue of around $36 billion.

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Restaurant Brands earnings beats estimates, fueled by Tim Hortons' and Burger King's strong sales

Burger King's U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold.

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Cloudflare stock plunges more than 20% after revising guidance down

The company issued muted guidance for the full-year and upcoming quarters that sent shares down, despite posting a beat on the bottom line.

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Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus

Hasbro, Mattel and other toy stocks rallied on Thursday after mixed earnings reports from the two rival toymakers.

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Intel reports largest quarterly loss in company history

The loss per share was slightly better than soft Wall Street expectations.

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Snap plunges on first-quarter revenue miss

Snap continues to suffer in a tough digital ad market with its first-quarter sales missing analyst projections.

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Amazon set to report first-quarter earnings after the bell

Amazon CEO Andy Jassy has been aggressively slashing costs through layoffs, a corporate hiring freeze and by ending some experimental projects.

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Eli Lilly misses on earnings but raises full-year guidance

The company reported adjusted earnings of $1.62, which missed analyst expectations of $1.73 for the quarter.

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Comcast beats estimates despite slowing broadband growth, higher Peacock losses

Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.

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Merck revenue falls after dramatic drop in sales of Covid antiviral treatment

Despite the drop in molnupiravir sales, Merck's revenue and adjusted earnings for Q1 2023 beat Wall Street's expectations.

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Norfolk Southern reports $387 million charge for the first quarter after East Palestine derailment

The charge resulted in a year-over-year decline in first-quarter profits, the rail company said.

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Meta set to report first-quarter earnings after the bell

Meta will report its first-quarter earnings on Wednesday as the company is in the midst of a wave of cost-cutting efforts.

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Boeing plans to boost 737 Max production to 38 planes per month despite manufacturing snag

Boeing said Wednesday it will increase output of 737 Max planes to 38 a month late this year, up from 31 a month.

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SK Hynix, one of the biggest memory chipmakers, reports record quarterly loss as prices slump

South Korean chipmaker SK Hynix has reported a record operating loss of 3.4 trillion won, but expects a rebound in the second half of the year.

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Illumina unveils plans to cut costs as it faces shrinking margins

The plans aim to reduce Illumina's annualized run rate expenses by more than $100 million starting later this year.

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Chipotle Mexican Grill is about to report earnings. Here's what to expect

Chipotle hasn't provided an outlook for 2023 same-store sales growth, noting the possibility of a recession.

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UPS shares fall after delivery giant reports disappointing earnings

UPS reported first-quarter misses on both earnings and revenue amid contentious contract negotiations and deceleration in U.S. sales.

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Alphabet to issue first-quarter results after markets close

Google is trying to reignite growth after a tough year for online advertising in 2022.

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JetBlue posts quarterly loss but forecasts profit thanks to strong travel demand

JetBlue posted a loss for the first three months of the year but forecast a profit for the second quarter thanks to strong travel demand.

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KitKat and Nescafe owner Nestle says it's raised prices by nearly 10% so far this year

Nestle raised prices by 8.2% in 2022, but CEO Mark Schneider had warned further rises were to come to defend its margins.

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First Republic says deposits tumbled 40% to $104.5 billion in 1Q, but have stabilized since

The deposit flight for the regional bank was worse than Wall Street expected.

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Coca-Cola is about to report earnings. Here's what to expect

Coke's stock has risen less than 1% in 2023, and the company has a market value of $277 billion.

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Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse

The stricken Swiss lender posted a one-off 12.43 billion Swiss franc profit for the first quarter of 2023, due to the controversial write-off of 15 billion Swiss francs of AT1 bonds by the Swiss regulator as part of its emergency takeover by domestic rival UBS.

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Procter & Gamble beats earnings estimates, raises revenue forecast as prices rise

Procter & Gamble beat earnings expectations as higher prices helped offset lower demand for its products.

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Nokia shares slide after it misses quarterly profit estimates

Finnish telecoms giant Nokia on Thursday posted quarterly operating profit that fell short of market expectations.

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Abbott Labs shares pop as revenue, earnings defy steep drop in Covid test sales

Abbott Laboratories said Covid-related headwinds may actually be easing.

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IBM earnings top estimates as margins expand

IBM missed on revenue, but reduced expenses contributed to better-than-expected profit

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Tesla set to report first-quarter earnings after the bell

Heading into first-quarter earnings, Tesla shares have rebounded this year after a dismal 2022

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Morgan Stanley tops analysts’ expectations on better-than-expected trading results

Morgan Stanley gets most of its revenue from wealth and investment management, steadier businesses that helped offset volatile trading and advisory results.

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United Airlines posts net loss but forecasts profit for second quarter

United reported a loss for the first three months of the year but forecast a profit for the second quarter, when the peak summer travel season picks up.

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Netflix reports earnings after the bell — here's what to expect

Netflix reports first-quarter earnings after the bell on Tuesday, as investors await updates about its new ad-supported tier and password-sharing crackdown.

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Johnson & Johnson beats on earnings and revenue, raises full-year guidance

J&J, whose financial results are considered a bellwether for many health companies, said its first-quarter sales grew 5.6% over the same quarter last year. 

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Goldman Sachs is set to report first-quarter earnings — here’s what the Street expects

So far this earnings season, big banks have mostly outperformed their smaller peers, helped by an influx of deposits after Silicon Valley Bank's meltdown.

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Citigroup shares rise after first-quarter revenue tops expectations

Growth in personal banking and fixed income markets helped drive the revenue beat.

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Wells Fargo shares rise after bank's first quarter profit and revenue top the Street

Wells Fargo increased net income by more than 30% to nearly $5 billion in the first quarter, compared to a year ago.

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JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects

The biggest U.S. bank by assets will be watched closely for clues on how the industry fared after the collapse of Silicon Valley Bank and Signature Bank.

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Delta Air Lines posts quarterly loss but forecasts profit as peak travel season approaches

Delta forecast revenue growth and adjusted profit for the second quarter that were ahead of analysts' estimates.

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Rent the Runway's losses narrow as company edges closer to profitability

Rent the Runway is edging closer to profitability after cutting costs and changing its subscription model to improve its value proposition.

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Tesla reports 422,875 deliveries for first quarter of 2023

Tesla just posted its first-quarter vehicle production and deliveries report for 2023.

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Huawei reports biggest profit decline ever as U.S. sanctions, pandemic controls hit Chinese giant

Huawei has sought to diversify into new areas including cloud computing and automotive after a rough few years in which U.S. sanctions have hit the company.

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EVgo shares are surging after fourth-quarter results trounce Wall Street estimates

EVgo's revenue surged over 283% from a year ago as a new initiative to provide chargers for businesses boomed.

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Satellite-imagery venture Planet reports record quarterly revenue to cap strong year

Planet on Wednesday delivered another record quarter of revenue, nearing the top end of its full-year revenue forecast.

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Walgreens revenue rises despite sharp decline in demand for Covid tests, vaccines

Walgreens' quarterly results topped Wall Street's expectations, even as profit declined from a year earlier.

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Lululemon shares jump as holiday-quarter sales surge

Lululemon's quarterly results beat Wall Street's expectations, sending shares higher.

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Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger

Ouster is on track to realize the benefits of its merger with Velodyne, completed in February. But its pre-merger Q4 results fell short of expectations.

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Olive Garden parent raises revenue outlook as same-store sales jump

Darden's same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.

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Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.

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Tencent's online ad revenue grows for the first time in more than a year

Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.

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Geely shares jump after automaker beats revenue expectations for 2022

For 2023, Geely set a sales target of 1.65 million units and said it aims to double the share of new energy and electrified vehicle sales.

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Satellite maker Terran Orbital sees annual revenue climb near $100 million

Terran Orbital reported fourth-quarter results on Tuesday, posting annual revenue that more than doubled while the company continued to build its order backlog.

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GameStop stock soars after retailer posts first quarterly profit in two years

GameStop has been in the midst of a turnaround and posted its first quarterly profit for the first time in two years.

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FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit

FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.

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Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

Growth in Adobe's digital media business is driving higher profit expectations.

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BMW expects higher margin and deliveries in 2023 amid electric rollout

The company plans to deliver 10 million fully electric vehicles by 2030.

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United shares tumble after airline forecasts first-quarter loss

United Airlines forecast a first-quarter loss, citing weaker demand early in the year and higher fuel costs.

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GitLab loses one-third of its value after software company issues weak revenue forecast

GitLab posted 58% revenue growth in the latest quarter, but its guidance for fiscal 2024 missed analysts' estimates.

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Luxury automaker Porsche issues growth outlook after record 2022 earnings

Luxury carmaker Porsche AG sets long-term target of more than 20% of return on sales.

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Ulta posts strong holiday quarter as shoppers squeeze makeup into their budgets

Ulta sales have benefited from the overall resilience of the beauty category as shoppers budget for affordable luxuries like makeup and wellness products.

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Oracle shares sink nearly 5% after third-quarter revenue miss

Oracle reported fiscal third quarter 2023 revenue that missed analyst expecations.

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Allbirds admits missteps, unveils new strategy after brutal holiday quarter

Footwear retailer Allbirds had a disappointing holiday quarter and failed to post year-over-year sales growth for the first time in its history.

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Singapore's Sea Group turns profitable for the first time

Tech giant Sea posted a quarterly profit for the first time as the company pledged to move towards profitability last quarter.

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Dick's Sporting Goods smashes same-store sales expectations for holiday quarter

Dick's Sporting Goods same-store sales increased 5.3% in the fourth quarter, more than double analyst's estimates of 2.1%.

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Lego sales leap 17% as fans buy bigger, more complicated sets

Lego sales rose as customers bought bigger, more complicated sets such as those from the Harry Potter and Star Wars lines.

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Nordstrom earnings top expectations, retailer says it's winding down Canada operations

Nordstrom has struggled with slower sales, more markdowns and pressure from activist investor Ryan Cohen.

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Kohl's posts surprising holiday-quarter loss, offers weak sales outlook

Kohl's sales for the holiday quarter came in well below Wall Street's expectations.

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Lowe's offers soft sales outlook, warning of a 'cautious consumer'

Lowe's issued a conservative outlook for the next fiscal year as the home improvement sector faces pressure from a shift in consumer spending.

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Salesforce shares jump 13% on better-than-expected forecast

Salesforce shares surged in extended trading on Wednesday on an optimistic earnings outlook.

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Rocket Lab quarterly revenue stays steady as space company doubles order backlog

Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022.

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Norwegian Cruise Line shares fall 10% as soft outlook, wider losses eclipse strong demand

Norwegian Cruise Line's stock fell as high costs and debt weigh on the company even as travel demand has stayed strong.

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Target will report earnings before the bell — Here's what to expect

The big-box retailer's results come with higher stakes after missing earnings' expectations for three consecutive quarters.

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Zoom shares jump on better-than-expected fourth-quarter results

While Zoom's earnings guidance was better than expected, the company continues to see a dramatic slowdown in growth from the Covid boom.

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Block misses on earnings but beats on revenue, gross profit

Block stock rose slightly in extended trading after the payments company reported fourth-quarter revenue and gross profit that beat Wall Street's expectations.

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Beyond Meat reports narrow-than-expected quarterly loss despite sinking sales

Beyond Meat said its sales could fall as much as 10% in 2023.

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Moderna misses on earnings as costs rise from surplus production capacity, lower Covid shot demand

Moderna reported quarterly earnings of $3.61 per share, a 68% decrease from the same period in 2021 when it booked $11.29 per share.

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Alibaba shares rally 6% after massive earnings beat

Alibaba reported earnings for its fiscal third quarter that smashed expectations, sending shares soaring 6% higher.

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Qantas is confident it will return to 100% of its pre-Covid capacity in 2024

Qantas is confident that it will see a full return to pre-Covid capacity in 2024, CEO Alan Joyce told CNBC.

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Lucid's revenue falls short of estimates as it guides to higher EV production in 2023

Lucid built just 7,000 of its Air luxury sedans last year amid manufacturing challenges but expects to make between 10,000 and 14,000 vehicles in 2023.

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Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout

Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.

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Coinbase beats on revenue and earnings, but usage continues to decline

Coinbase beats on revenue and earnings, but usage continues to decline

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Palo Alto Networks lifts earnings guidance as it pursues profitable growth

Palo Alto Networks is emphasizing profitability while still adding top-line growth through acquisitions under CEO Nikesh Arora.

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HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimates

The bank said its fourth-quarter results reflect strong reported revenue growth and lower reported operating expenses.

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Hasbro keeps expectations low for the start of 2023, but sees turnaround coming

Hasbro reported disappointing holiday sales, which it had anticipated given slowing consumer demand.

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DoorDash stock pops after revenue beat, rosy guidance

DoorDash reported better-than-expected sales for the fourth quarter and gave upbeat guidance for the current period.

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Paramount+ plans price increases as it hits 56 million subscribers

Paramount Global reported 9.9 million in streaming subscriber additions. The company plans price increases this year.

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Zillow stock up following fourth-quarter earnings

Shares of Zillow popped Wednesday after the company released fourth-quarter earnings that beat analysts' expectations.

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Kraft Heinz issues soft profit guidance after price increases boost revenue

Kraft Heinz saw a decline in sales volume as it increased prices more than 15%.

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Barclays posts 19% slide in annual net profit after costly U.S. trading blunder; shares down 8%

Barclays on Wednesday reported a full-year net profit of £5 billion ($6.05 billion) for 2022, beating consensus expectations of £4.95 billion.

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Airbnb beats on profit and revenue, stock is up

Airbnb reported fourth-quarter earnings that beat analysts' expectations on top and bottom lines.

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Restaurant Brands International posts strong fourth quarter, names new CEO

The restaurant chain company named Chief Operating Officer Joshua Kobza as its new chief executive, replacing José Cil.

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Shares of Palantir pop as it reports first profitable quarter

Palantir's revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 12%.

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Lyft shares tank 30% after company issues weak guidance

Lyft shares fell more than 20% during after hours trading after issuing weak guidance in its earnings report on Thursday.

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Tether records surprise profit as stablecoin giant aims to put reserve controversy behind it

Tether on Thursday said it generated $700 million of profit in the December quarter, which the firm has used to boost its reserves.

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PepsiCo earnings beat expectations as price hikes boost snack and beverage sales

PepsiCo saw volume fall 2% across its food business as price hikes hurt consumer demand.

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Credit Suisse posts massive annual loss, CEO describes results as 'completely unacceptable'

Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs, as it carried out its strategic overhaul.

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Mattel shares tumble after holiday season fails to boost sagging sales

Mattel had hoped the holiday season would boost sales as inflationary pressures continue to squeeze consumer demand.

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Disney will report earnings for the first time since Bob Iger's return – what to expect

Disney reports fiscal first-quarter earnings after the bell. This is Bob Iger's first earnings release since returning as CEO in November.

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Uber beats estimates and the stock is up

Uber reported fourth-quarter earnings Wednesday that beat analysts' estimates on top and bottom lines.

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SocGen reports 64% slide in annual profits but beats market expectations

Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022 and said the new year will be challenging.

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Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales

The burrito chain has been raising prices to offset higher food and labor costs.

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Hertz fourth-quarter profit beats as costs come down and travel rebounds

The rental car giant saw year-over-year gains in business from corporate travelers, international travelers and rideshare drivers.

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SoftBank's Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant

SoftBank's flagship investment arm, the Vision Fund, has been hit by a slump in technology valuations over the past year.

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Pinterest shares plunge as much as 12% on fourth-quarter revenue miss and weak forecast

Pinterest reported revenue for the fourth quarter that missed analysts' estimates

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Qualcomm revenue falls 12%, guidance implies more pain this quarter

Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.

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Starbucks is about to report earnings. Here's what to expect

Shares of Starbucks have risen more than 12% over the last year, fueled by optimism around China's reopening and the persistence of U.S. coffee habits.

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Apple reports earnings after the bell Thursday

Analysts expect the iPhone maker to post its first year-over-year revenue decline since 2019.

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Amazon to report quarterly results after market close

Analysts will be watching to see if Amazon CEO Andy Jassy has made progress on reeling in expenses after the company announced 18,000 layoffs.

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Ford is set to report results after the bell. Here's what Wall Street expects

The automotive industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.

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Ferrari's profits jump 13% in 2022, supercar maker expects an even better year in 2023

Ferrari guided to an even stronger year in 2023, boosted by its high-priced sports cars like the Daytona SP3 and the upcoming Purosangue SUV.

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Deutsche Bank shares slip despite profit beat as traders look to uncertain outlook

Despite lofty net profit figures, Deutsche Bank shares slipped as analysts honed in on the uncertain macroeconomic outlook.

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Meta set to report fourth-quarter earnings after the bell

Facebook parent Meta is reporting results following a year in which the stock lost almost two-thirds of its value.

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Peloton losses narrow as subscription revenue again outpaces equipment sales

Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.

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AMD beats on sales and profit but warns of a 10% revenue decline in Q1

AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics.

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Snap shares plunge on weak revenue as digital ad struggles continue

Snap missed on revenue in its fourth-quarter earnings report and the company said revenue in the first quarter is likely to drop.

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Spotify shares pop after earnings show strong user growth

Spotify reported fourth-quarter earnings. The company reported 205 million paid subscribers, up 14% from a year ago.

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Pfizer expects 2023 sales to decline by as much as 33% compared with record-breaking 2022

The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.

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UPS revenue falls short of expectations despite growth in U.S. business

UPS posted revenue below analyst's estimates as it continues to navigate volume declines as demand cools.

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UBS gets a boost from higher rates, but lower client activity brings down revenues

UBS' fourth-quarter profit beat market expectations, but the Swiss banking giant warned of an "uncertain" year ahead.

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General Motors is set to report earnings before the bell. Here's what Wall Street expects

The auto industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.

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Intel shares drop on weak quarterly results and expectations for another quarter of losses

Intel called for a loss in the first quarter, while analysts had expected income. The chipmaker is dealing with a sharper-than-expected PC market contraction.

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Southwest forecasts lingering losses as bookings slow in wake of holiday meltdown

Southwest expects a first-quarter loss because of current revenue and cost trends.

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Comcast beats expectations even as broadband growth slows, Peacock racks up losses

Comcast reported fourth quarter earnings before the bell, beating analyst expectations.

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AT&T shares jump as subscriber growth tops analyst expectations

CEO John Stankey dismissed the idea that the phone carrier industry is in a pricing war.

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Levi Strauss beats estimates, offers upbeat guidance for fiscal year

Levi Strauss sales fell, but still topped Wall Street's expectations. The company also offered positive revenue guidance.

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Tesla reports earnings after the bell Wednesday

Tesla is contending with recent price cuts and deliveries that missed expectations.

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Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demand

Boeing's orders and deliveries rose last year as travel rebounded.

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Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions

Dutch chip equipment maker ASML forecast a 25% jump in 2023 revenue as the semiconductor industry forecasts a recovery in the second half of this year.

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Microsoft set to report earnings after market close

Microsoft is reporting results for the first time since announcing that it was cutting 10,000 jobs as it braces for slowing growth.

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Netflix blows away expectations on subscriber numbers

Netflix reported earnings after the bell. Here are the results.

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Procter & Gamble revenue and profit fall as higher prices fail to offset declining sales

Procter & Gamble reported mixed quarterly results Thursday, matching Wall Streets expectations on earnings but slightly topping them on revenue.

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United results top estimates as demand remains resilient despite high fares

United Airlines' fourth-quarter profit topped Wall Street estimates thanks to strong demand and high fares.

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Morgan Stanley's earnings top Wall Street expectations, helped by record wealth management revenue

Morgan Stanley reported fourth-quarter earnings before the opening bell on Tuesday.

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Goldman Sachs is set to report fourth-quarter earnings — here's what the Street expects

How long will the investment banking drought last? That's one of the top questions analysts will have for Goldman CEO David Solomon.

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Citigroup's fourth-quarter profit declines by 21% as bank sets aside more money for credit losses

Citigroup reported fourth-quarter earnings on Friday. Here's how they did.

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Wells Fargo shares fall as bank's profits take a hit from higher reserves

The disappointing earnings report came after Wells Fargo said earlier this week that it would retrench from the U.S. mortgage market.

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JPMorgan Chase is set to report fourth-quarter earnings — here's what the Street expects

JPMorgan, the biggest U.S. bank by assets, will be closely watched for clues on how the industry is navigating an economy at a crossroads.

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American Airlines hikes quarterly revenue, profit estimates after strong fourth quarter

Strong demand and high fares lifted American Airlines' fourth-quarter revenue.

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Bed Bath & Beyond reports wider-than-expected loss as possible bankruptcy looms

Days after Bed Bath warned of potential bankruptcy, it reported negative operating cash flow for the third quarter and ballooning net losses.

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Constellation Brands' shares tumble as higher costs hit beer supply chain

Constellation Brands' shares tumble as cost increases plague beer supply chain

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Walgreens tops estimates as early flu season helps drive sales

Walgreens Boots Alliance reported fiscal first-quarter earnings before the bell Tuesday.

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Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year

Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year

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