Category: Enterprise

September 1, 2023

Nvidia (NASDAQ:NVDA) Corp’s market capitalization climbed higher in August thanks to its strong profit forecasts, which defied the broader downtrend in mega-cap technology stocks during the past month as an uptick in U.S. bond yields rattled the sector. Nvidia’s shares […]

August 31, 2023

Dollar General cut its annual forecasts and posted a worse-than-expected quarter, hit by weaker store traffic and a move to sell more low-margin essentials over discretionary goods, knocking its shares down 16%. The Goodlettsville-Tennessee based retailer has fallen short of […]

April 28, 2023

Exxon Mobil more than doubled its profit during the first quarter, producing more oil to overcome energy prices that have declined during a period of economic unease. Net oil and gas net production jumped by nearly 300,000 oil-equivalent barrels per […]

April 28, 2023

The company reported a nine per cent hike in revenue compared to last year. But an early uplift in the tech giant’s stocks took a dip after chief financial officer Brian Olsavsky said cloud customers were seeking to cut their […]

March 20, 2023

Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global […]

March 8, 2023

Wedbush analysts raised the price target on Apple (NASDAQ:AAPL) stock to $190 per share from $180 to reflect positive Asia checks on iPhone demand. They also reaffirmed the Outperform rating and Apple’s place on Webush’s Best Idea List. Asia checks […]

February 23, 2023

Gas prices reached record highs last year as Russia squeezed supplies to Europe in response to sanctions for its invasion of Ukraine, accelerating the shift away from fossil fuels and driving demand for renewables. But as earnings soared for Drax […]

February 22, 2023

Stellantis STLA -3.64% NV is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of shares after revenue and net profit surged in 2022, a year marked by a steep rise in […]

February 17, 2023

While an overall loss was recorded at EDF (Électricité de France) earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a loss of £21m the […]

February 16, 2023

Streaming device maker Roku (NASDAQ:ROKU) Inc is aiming to turn a profit in 2024 as it strives to drastically cut costs to ride out a weakness in the ad market, sending its shares up 12% in trading before the bell […]

February 9, 2023

As the cost of living crisis continues to harm household spending power, Unilever forecast a €1.5bn (£1.3bn) impact from inflation during the first half of its financial year. The company, which also includes brands such as Domestos and Hellmann’s in […]

February 8, 2023

Dominion Energy (NYSE: D) today announced unaudited net loss determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Dec. 31, 2022, of $42 million ($0.07 per share) compared with net income of $1.3 billion […]

February 8, 2023

Walt Disney Co. said it plans to cut 7,000 jobs and slash $5.5 billion in costs as part of a major corporate reorganization that gives more power to the company’s content executives and puts a greater emphasis on sports media […]

February 7, 2023

Sky News understands that Parkdean Resorts has appointed bankers at Barclays and Bank of America to work on a deal ahead of hundreds of millions of pounds falling due for repayment in March 2024 and the following year. The attempt […]

February 6, 2023

The ports-to-energy conglomerate controlled by Indian billionaire Gautam Adani said its founders will prepay a $1.1 billion loan that was backed by shares of some of its companies, a move to shore up investor confidence after a rout in its […]

February 2, 2023

The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn). The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices as Russia’s invasion of Ukraine led countries to […]

February 2, 2023

Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about their potential systemic impact, a day after its flagship company abandoned a $2.5 billion stock offering. The withdrawal of Adani Enterprises’ share sale marks a […]

January 27, 2023

Chevron Corp. CVX -2.42%decrease; red down pointing triangle banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices to multiyear highs, with its shares climbing 53% while other sectors tumbled. The U.S. oil […]

January 24, 2023

Microsoft Corp. likely recorded its slowest sales growth in more than six years last quarter as economic concerns cooled demand for its software and cloud services. The Redmond, Wash., company’s revenue growth is expected to slow to less than 3% […]

January 12, 2023

Shares surged to levels not seen since May 2019 following the company’s update. Centrica credited its electricity generation and gas production activities for the upgrade – as opposed to profitability at its household supply arm. The company said it now […]