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Earnings playbook: Your guide to the busiest week of the season, including reports from
The corporate earnings season will reach its halfway point with the busiest week of the reporting period. More than 100 S & P 500 companies are slated to post their latest quarterly reports. Among those are Alphabet, Amazon and…
Swiss pharma giant Novartis posts better-than-expected fourth-quarter sales
An office building designed by Frank O. Gehry at the Novartis AG headquarters campus in Basel, Switzerland.Bloomberg | Getty ImagesSwiss pharmaceutical giant Novartis on Friday reported better-than-expected sales in the fourth quarter…
Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards
A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing…
DeepSeek shocked the AI world this week. Here’s how tech CEOs responded
Microsoft CEO Satya Nadella commented on its "real innovations." OpenAI's Sam Altman described it as "clearly a great model." Apple CEO Tim Cook said "innovation that drives efficiency is a good thing." And Palantir's Alex Karp said it…
Eaton reports mixed results but makes clear its AI data center business is still full
Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn't slowing down despite the emergence of Chinese startup…
Atlassian hits 52-week high after reporting better-than-expected earnings, revenue
Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023.Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 15% after the software company blew past Wall Street's fiscal…
Chevron misses earnings estimate as refining posts first loss in four years
Michael Wirth, CEO of Chevron.Adam Jeffery | CNBCChevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020.The second-largest…
Intel issues weak forecast, but beats on fourth-quarter results
Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates. Shares were up 3% after hours.Here's how the company did in the fourth quarter compared with LSEG estimates:Earnings per…
Deutsche Bank shares drop after quarterly profit falls, cost target scrapped
Germany's largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, as legal provisions weighed on the bottom line.Frankfurt-listed shares of the bank pared back…
Oil giant Shell raises dividend despite larger-than-expected drop in full-year profit
A Shell logo is displayed on May 03, 2024 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesBritish oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower…