Samsung Electronics' semiconductor business reports record annual loss
Samsung Electronics released its fourth-quarter earnings report on Wednesday.
CNBC Earnings
AMD shares fall as first-quarter forecast comes in light
AMD makes graphics processing units, or GPUs, which are needed to train and deploy generative artificial intelligence models.
Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales
Starbucks stock has fallen 13% over the past year as investors worry about U.S. traffic and sales in China.
Alphabet shares slide on disappointing Google ad revenue
Alphabet reported earnings after the bell. Here are the results.
UPS announces 12,000 job cuts, says package volume slipped last quarter
UPS reported more than a 7% decrease in daily package volume in its fourth quarter earnings report Tuesday morning.
JetBlue swings to a loss, forecasts lower capacity in 2024
JetBlue said it expects 2024 capacity to be down in the low single digits and that its adjusted margins could approach breakeven.
Pfizer beats earnings estimates as declining Covid business loses less revenue than expected
Pfizer reversed roughly $3.5 billion in revenue related to the expected return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government.
World's largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks
Norway's sovereign wealth fund, the world's largest, was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.
GM beats Wall Street estimates, forecasts continued strong profit in 2024
GM's 2023 earnings included several special charges, including $1.1 billion in North American strike costs and $792 million for new commercial agreements.
Intel stock sinks more than 10% as early 2024 outlook comes up short
Intel has struggled to keep pace with rival chipmakers Nvidia and AMD, which are benefiting from the AI boom.
LVMH shares jump over 12% as earnings point to luxury sector resilience
LVMH shares jumped more than 12% on Friday morning after the world's largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend.
Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring
Levi's announced the layoffs as the apparel retailer reported fourth-quarter earnings.
Alaska Airlines says Boeing 737 Max 9 grounding will cost it $150 million
Alaska said the first Max 9 flights would resume as early as Friday and that it would gradually return the aircraft to service through early February.
Southwest Airlines takes Boeing Max 7 out of 2024 plans because of certification delays
Southwest is the latest airline to remove a yet-to-be certified Boeing Max model from its plans.
Comcast shares rise on earnings beat, better than expected broadband performance
Comcast beat earnings estimates and raised its dividend by 7% as broadband subscribers fell less than analysts expected.
Nokia jumps 8% as it announces $653 million share buyback program, warns of challenging 2024
Nokia on Thursday said that it will begin a 600 million euro ($653 million) share buyback this quarter after it reported that its profit plunged in 2023.
Tesla shares drop 6% on weak auto revenue, warning of slower growth in 2024
Tesla reported earnings after the bell. Here are the results.
IBM shares rise after earnings top estimates in ‘uncertain, volatile’ economy
IBM ended the year with more than $11 billion in free cash flow, more than it had been projecting, due to acceleration in distributed infrastructure.
Netflix shares pop 10% as streamer adds 13.1 million subscribers, tops revenue estimates
Netflix reported earnings after the bell. Here are the results.
United Airlines forecasts first-quarter loss due to Boeing 737 Max 9 grounding
United has 79 Boeing 737 Max 9 aircraft, more than any other carrier.
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