Siemens on Thursday reported a better-than-expected profit in its industrial business. The German technology group said it received "exceptional" orders from its customers. Read more.
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Disney reported fiscal first-quarter results Wednesday, beating analysts' estimates on earnings per share and revenue. Read more.
The rate of price inflation for new vehicles fell sharply to 2% in the fourth quarter of 2021, compared with 9.6% in the same quarter of 2020, while inflation for used vehicles rose to 7.9% from 2.9% in the same period. Read more.
Ford Motor is curbing production of several key products this week due to an ongoing global shortage of semiconductor chips. Read more.
Shares of Facebook fell more than 20% in extended trading Wednesday after the company reported disappointing earnings, gave a weak outlook and said user growth is stagnant. Facebook said first-quarter revenue will be between $27 billion and $29 billion, while analysts had expected revenue of $30.15 billion, according to Refinitiv. That would represent 3% to 11% year-over-year growth. Meta said its Family of Apps posted fourth-quarter revenue of $32.79 billion and operating income of $15.89 billion. The Reality Labs segment posted revenue of $877 million in the quarter with an operating loss of $3.3 billion. Read more.
Operational Update For the six-month period ended 2 January 2022 ('the period' or 'the six months'), Shoprite Group increased its total revenue by 10.0% to approximately R91.1 billion. Read more.
Apple CEO Tim Cook said Thursday that the company's supply chain challenges are improving, sending shares up about 5% in extended trading while posting a solid profit increase. Read more.
Intel on Wednesday after the bell reported results for the fourth quarter ended Dec. 26, Wednesday. Shares fell as much as 3% in volatile extended trading before recovering. Read more.
Based on currently available information, shareholders are advised that the Company expects earnings per share to improve from a loss of R1.80 per share in the comparative period to a profit within a range of R5.80 and R6.10 per share in the period. Read more. Read more.
Microsoft reported fiscal second-quarter profit and revenue that beat expectations. The stock initially dipped in extended trading, but turned higher after the company issued a revenue forecast that also beat estimates. Revenue rose 20% from the year-ago quarter, compared with growth of nearly 22% in the previous quarter, it said in a statement. Microsoft's net income rose 21% to $18.77 billion. The company had $36.77 billion in unrealized revenue at year-end, below the StreetAccount consensus of $36.90 billion. Microsoft said it expects to book 45% of its remaining $152 billion in performance obligations next year. That's the first time that percentage has slipped below 50% since at
Shoprite Group - Africa's largest food retailer - intends to sell only locally produced sugar in its 1,189 Shoprite, Checkers, Checkers Hyper and Usave supermarkets in South Africa to encourage consumers to buy locally. Read more.