Alphabet’s first-quarter report for the year has left investors impressed with sales, operating margin, and profits all exceeding Wall Street expectations. Total revenue in the period rose by 15.4% year over year to $80.54 billion, surpassing the estimated $78.59 billion. Earnings per share also saw significant growth of 62% annually to $1.89, exceeding the expected
Southwest Airlines reported a wider loss in the first quarter of 2024 compared to the same period a year ago. The growth projections for the airline have been affected by Boeing’s aircraft delivery delays, leading to a revision in their capacity expansion plans. With the expectation of receiving fewer Boeing 737 Max 8 planes than
Bristol Myers Squibb recently released its first-quarter financial report, revealing a mixture of positive and negative results. While the company reported revenue that exceeded expectations thanks to strong sales of its key drugs like Eliquis and new products, it also reported a quarterly loss due to one-time charges related to recent acquisitions. The company plans
Alphabet is scheduled to release its first-quarter earnings report after the market closes on Thursday. Analysts are predicting an earnings per share of $1.51 and a revenue of $78.59 billion. Additionally, YouTube advertising revenue is expected to be $7.72 billion, while Google Cloud revenue is estimated at $9.35 billion. On the other hand, Traffic acquisition
BlackRock, the largest asset manager, recently introduced a new product called LifePath Paycheck to assist workers in transforming their retirement savings into a steady income flow that mirrors their monthly paychecks during their working years. This innovative option aims to simplify the process of withdrawing funds from lifetime investments, which has become increasingly complex due
Synthesia, an artificial intelligence firm backed by Nvidia, has introduced a groundbreaking technology that has the potential to transform the way we perceive video production. With the launch of its “Expressive Avatars,” Synthesia has successfully blurred the lines between the virtual world and real characters. This innovation aims to revolutionize the industry by eliminating the
In a recent announcement, Walgreens revealed its plan to collaborate directly with drug manufacturers to bring cell and gene therapies to patients in the United States. This initiative is part of a larger expansion of the company’s specialty pharmacy services, aimed at providing specialized care for individuals with chronic, rare, or complex conditions. The decision
SK Hynix, a prominent South Korean memory chipmaker, recently reported a remarkable turnaround in its financial performance for the first quarter of the year. The company disclosed a net profit of 1.92 trillion South Korean won, marking a significant improvement from the 2.58 trillion won loss recorded in the same period last year. This positive
Deutsche Bank has reported a 10% increase in first-quarter profit, exceeding expectations. The net profit attributable to shareholders was 1.275 billion euros, surpassing the analyst forecast of 1.23 billion euros. This marks the bank’s highest first-quarter profit since 2013 and its 15th consecutive quarterly profit. The group revenue also saw a 1% year-on-year rise to
In a recent decision that has captured the attention of financial institutions worldwide, a Russian court has ruled in favor of state-run lender VTB Bank in its efforts to recoup $439.5 million from American lender JPMorgan Chase. The funds were frozen by JPMorgan in U.S. accounts following the Ukraine invasion, prompting VTB Bank to take