IBM shares experienced a surge of as much as 8% in extended trading after the company released its fourth-quarter results, surpassing Wall Street’s expectations. The tech and services provider reported adjusted earnings per share of $3.87, compared to the estimated $3.78, and revenue of $17.38 billion, exceeding the projected $17.30 billion. IBM’s revenue witnessed a
Earnings
Netflix, the leading streaming platform, is set to release its fourth-quarter earnings report today after the market closes. While many of its competitors in the streaming industry continue to struggle to turn profits, Netflix has proven to be an anomaly with its impressive performance. In the last quarter, the company witnessed an 8% increase in
Procter & Gamble (P&G) recently released its financial results for the fiscal second quarter of 2024, revealing mixed earnings and revenue. While price hikes contributed to a 3% increase in revenue, the company faced challenges in various business segments. P&G also revised its outlook for full-year adjusted earnings per share, citing plans to write down
In today’s ever-evolving semiconductor industry, the fourth-quarter results of Taiwan Semiconductor Manufacturing Company (TSMC) have caught the attention of industry insiders and technology enthusiasts alike. Despite facing challenging macroeconomic conditions and an ongoing inventory adjustment cycle, TSMC managed to exceed expectations and deliver impressive profit and revenue figures. In this article, we delve into the
Morgan Stanley recently released its fourth-quarter revenue report, which surpassed expectations and showcased the strength of its investment banking division. The results showed promising numbers that delighted investors and caused the share value to rise by 2% in premarket trading. Despite not meeting Wall Street’s projected earnings per share of $1.01, Morgan Stanley’s actual earnings
Wells Fargo reported an increase in fourth-quarter profit compared to the previous year but faced a decline in share value due to a warning about net interest income for 2024. The bank’s CEO, Charlie Scharf, acknowledged that business performance is affected by interest rates and the overall health of the U.S. economy. Despite the positive
JPMorgan Chase is set to release its fourth-quarter earnings report before the market opens on Friday. As one of the largest banks in the United States, investors and analysts closely monitor JPMorgan’s performance for insights into the broader banking industry. Wall Street has high expectations for the bank’s financial results, which will shed light on
Walgreens, the retail pharmacy giant, has released its fiscal first-quarter earnings report, surpassing expectations for both adjusted earnings and revenue. However, the company’s CEO, Tim Wentworth, announced a significant dividend cut to strengthen the long-term balance sheet and cash position. This move comes as Walgreens tries to recover from a challenging year marked by declining