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 […]