Warner Bros. Discovery’s first-quarter results fell short of analyst expectations, with a loss per share of 40 cents compared to an expected loss of 24 cents. Revenue also missed estimates, coming in at $9.96 billion versus the expected $10.231 billion. The company saw a 7% decline in revenue compared to the same quarter last year,
Earnings
Arm, the British chip designer, experienced a rollercoaster ride in the stock market with its shares closing down over 2% following the release of its fiscal fourth-quarter results. The company reported a significant 47% year-over-year rise in revenue, driven primarily by the demand for artificial intelligence applications. These robust sales were a result of high-value
Siemens Energy recently experienced a massive 13% surge in shares following the announcement of its updated forecast and the replacement of the CEO of its wind turbine unit. The decision for Jochen Eickholt to step down by mutual agreement and be replaced by Vinod Philip signals a major shift in leadership within the company. This
Nintendo recently announced that they will be revealing the successor to their beloved Switch console within this fiscal year, specifically by March 2025. This news comes after the company reported a decline in profit, attributing it to the slowing sales of the current Switch model. The announcement teased by Nintendo President Shuntaro Furukawa has left
Monday saw an increase in U.S. stocks following gains from the previous session. The S&P 500, Dow, and Nasdaq all rose by over 1% after a softer-than-expected jobs report. This boost in the market was attributed to signs that the Federal Reserve’s monetary tightening efforts were having a positive impact on the U.S. economy, paving
Berkshire Hathaway, led by Warren Buffet, reported a significant increase in operating earnings in the first quarter of the year. The conglomerate’s operating profit, which includes earnings from wholly owned businesses, soared by 39% to $11.22 billion compared to the previous year. This impressive gain was primarily driven by a staggering 185% year-over-year increase in
Coinbase, the leading digital token marketplace in the United States, recently released its first-quarter earnings report, exceeding analysts’ expectations. The company reported an earnings per share of $4.40, which was significantly higher than the anticipated $1.09 average estimate. Revenue also saw a substantial increase, reaching $1.64 billion compared to the expected $1.34 billion. This marked
Wayfair, the online furniture retailer, recently announced its first-quarter results, revealing a decrease in sales but a reduction in losses following a 13% cut in its workforce earlier in the year. Despite the sales decline, Wayfair managed to exceed Wall Street’s expectations in terms of both revenue and loss per share. The company reported a
The U.S. stock market experienced a mix of movements on Wednesday, with investors closely watching the Federal Reserve’s upcoming policy decision. Federal Reserve Chairman Jerome Powell is expected to deliver remarks during an afternoon press conference, with the central bank likely to keep interest rates steady. Traders are eagerly awaiting clues on the conditions that
New York Community Bank recently reported a quarterly loss of $335 million due to an increase in soured commercial loans and higher expenses. This loss, amounting to 45 cents per share, was a significant contrast from the $2.0 billion net income reported a year earlier. CEO Joseph Otting highlighted the bank’s transition towards becoming a