All articles tagged with #profit
Originally Published 8 days ago — by Axios
Traders on prediction markets profited significantly from the news of Nicolás Maduro's capture, with some making nearly $437,000, highlighting the potential for inside information and raising questions about regulation, as lawmakers consider new legislation to restrict political figures' participation in such markets.
Originally Published 2 months ago — by CNBC
Foxconn reported a 17% increase in third-quarter profit driven by growth in its AI server business and partnerships with Nvidia, despite global economic uncertainties, and expects continued growth in the second half of the year.
Originally Published 2 months ago — by AP News
SoftBank sold its Nvidia shares for $5.83 billion, reflecting a strategic shift towards AI investments like OpenAI, while reporting a nearly tripled profit in the first half of the fiscal year, with its stocks nearly doubling in value over the past year.
Originally Published 2 months ago — by ABC7 Los Angeles
Wendy's plans to close hundreds of U.S. restaurants in the coming months to improve profitability and store appeal, following the closure of 240 locations in 2024, as part of efforts to address underperforming outlets and adapt to changing consumer preferences amid economic pressures.
Originally Published 2 months ago — by The Lever
UnitedHealth Group is profiting from the open enrollment period amid political deadlock over extending premium tax credits, highlighting how insurers benefit regardless of policy outcomes while consumers face rising costs.
Originally Published 2 months ago — by Yahoo Finance
Coinbase reported a significant increase in third-quarter profit driven by higher trading volumes amid sector volatility, with transaction revenue doubling and stablecoin-related income rising, reflecting broader adoption and favorable policies.
Originally Published 2 months ago — by Bloomberg
Alphabet reported quarterly sales of $87.5 billion, beating estimates driven by strong growth in its Google Cloud unit, which generated a profit of $3.59 billion. The company's heavy investment in AI is paying off, with major deals and increased cloud sales, positioning it as a key player in the AI and cloud computing markets. Shares rose after the earnings report, reflecting investor confidence in its growth trajectory.
Originally Published 2 months ago — by Reuters
Meta's Q3 profit was significantly impacted by a $16 billion one-time tax charge related to U.S. legislation, leading to a drop in shares. Excluding this charge, net income would have surged, and the company plans to increase capital expenditure substantially in 2026 to support its AI and infrastructure growth. Meta continues to leverage its large user base and AI-driven ad platform, while investing heavily in AI development and data centers, despite rising costs and economic uncertainties.
Originally Published 2 months ago — by CNBC
HSBC's third-quarter profit declined 14% to $7.3 billion but exceeded expectations, driven by a 15% rise in net interest income, despite higher operating expenses and legal provisions related to the Madoff case. The bank also announced plans to privatize Hang Seng Bank, highlighting confidence in Hong Kong's financial sector.
Originally Published 2 months ago — by The Detroit News
General Motors laid off over 200 salaried employees, mainly at its Warren Technical Center, as part of a restructuring effort to boost profits amid challenging market conditions and policy changes, despite recent strong earnings and an optimistic profit forecast.
Originally Published 3 months ago — by The Motley Fool
Tilray Brands reported a surprise profit and saw its stock rise, but then announced a large share offering and potential share sales by a shareholder, leading to a significant stock decline and investor disappointment.
Originally Published 3 months ago — by CNBC
Nvidia's CEO expressed confidence that their GPU business will remain highly profitable despite reports of Oracle experiencing a profit squeeze in its GPU segment, highlighting Nvidia's strong market position in the tech industry.
Originally Published 3 months ago — by Yahoo Finance
FedEx exceeded Wall Street profit and revenue estimates driven by domestic delivery strength and cost-cutting measures, despite international volume declines and tariff impacts, leading to a 5.5% share increase after hours.
Originally Published 4 months ago — by Just Style
American Eagle Outfitters reported a slight decline in revenue for Q2 FY25 but exceeded expectations, driven by higher demand and well-managed expenses. The company's Aerie line saw a 3% increase in comparable sales, while overall gross margin improved slightly. Tariff impacts increased inventory costs, and the company anticipates continued challenges from tariffs in upcoming quarters. Despite this, the company remains optimistic about its fall season and long-term growth, with plans for share buybacks and stable sales projections.
Originally Published 4 months ago — by TipRanks
Alibaba's stock rose despite missing revenue targets, driven by strong Q1 profits and a focus on AI expansion, signaling positive investor sentiment.