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
Earnings
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
Super Micro shares plunged by 15% in after-hours trading following the release of its fiscal third-quarter results that fell slightly below expectations. Despite providing an optimistic outlook for its top-line performance, the server maker’s revenue of $3.85 billion missed the mark, with analysts anticipating $3.95 billion. Despite the revenue miss, Super Micro reported adjusted earnings
When Amazon reports its first-quarter earnings after the bell on Tuesday, analysts are expecting some notable figures. According to LSEG, anticipated earnings per share are 83 cents with revenue expected to reach $142.5 billion. Wall Street is particularly attentive to a few key numbers, such as Amazon Web Services revenue projected to hit $24.5 billion,
Samsung Electronics announced on Tuesday that its operating profit for the first quarter had skyrocketed by 932.8% as memory chip prices rebounded due to a surge in AI optimism. The company’s revenue for the quarter reached 71.92 trillion Korean won, equivalent to about $52.3 billion, surpassing LSEG estimates. Operating profit also exceeded expectations, totaling 6.61