Apple quarterly profit dented 5% by weak iPhone sales
Apple reported Thursday that its sales and profits fell short of Wall Street expectations as iPhone sales faltered after the COVID lockdown in China halted production of the company’s biggest seller, the iPhone. . Apple’s revenue fell 5% to $117.2 billion, with declines in every region of the world during the quarter. Sales in each […]
Meta Platforms Q4 profit drops 55%
Facebook’s parent company Meta said Wednesday that its profit and revenue declined in the fourth quarter due to a weak online advertising market and competition from rivals such as TikTok. But the company’s shares surged in extended trading as earnings beat Wall Street’s modest expectations and the Menlo Park, Calif.-based company announced a $40 billion […]
Meta Platforms Q4 profit drops 55%
Facebook’s parent company Meta said Wednesday that its profit and revenue declined in the fourth quarter due to a weak online advertising market and competition from rivals such as TikTok. But the company’s shares surged in extended trading as earnings beat Wall Street’s modest expectations and the Menlo Park, Calif.-based company announced a $40 billion […]
Chevron to Buy Back $75 Billion in Stock After Record Profit – Yahoo Finance
(Bloomberg): Chevron to buy back $75 billion in shares, pay dividends after a year of record profits when soaring energy prices weighed on consumers and sparked angry outcry from politicians around the world We are planning to increase the amount of money. Bloomberg’s most read articles The share buyback program will begin on April 1 […]
Tesla earnings: EV giant reports Q4 revenue and profit beat; Cybertruck to begin production later this year – Yahoo Finance
Tesla’s shares are up slightly after hours after the EV maker reported that its fourth-quarter earnings and profits outperformed. Additionally, the most important news about Tesla’s 2023 roadmap is that the upcoming Cyber truck is on track for production later this year. For the quarter, Tesla (TSLA) report: The revenue is a new record for […]
Citigroup's fourth-quarter profit declines by 21% as bank sets aside more money for credit losses – CNBC
Citigroup said it had identified the cause of the flash crash and fixed the error “within minutes.” Jim Dyson | Getty Images News | Getty Images city group Net income in the fourth quarter fell more than 21% year-on-year as banks secured more funds for potential credit losses. Equities were flat early in trading as […]