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Business

Coca-Cola revenue rises in fourth quarter, fueled by higher

Coca-Cola on Tuesday reported quarterly revenue that beat analysts’ expectations, driven by higher prices for its drinks. But those higher prices have hurt demand for Coke products like Simply Orange Juice and Fairlife Milk. Coke said its unit case volume, which strips out the impact of currency and price changes, fell 1% in its fourth quarter. […]

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Business

Michael Kors owner Capri shares plunge after revenue falls across

A general view outside of a Michael Kors location Christopher Jue | Michael Kors | Getty Images Shares of Michael Kors owner Capri Holdings plunged 20% in early trading Wednesday after the company missed earnings expectations and cut its annual profit forecast. High-end fashion companies outperformed many other industries last year amid decades-high inflation, but […]

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Business

Under Armour raises outlook as earnings and revenue beat

Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour reported holiday quarter earnings Wednesday that beat Wall Street’s expectations, but the retailer is contending with a growing inventory glut that heavy promotions and discounting failed to alleviate. The company’s stock rose […]

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Business

Pinterest shares slip on fourth-quarter revenue miss and weak

Pinterest shares slipped in extended trading on Monday after the company reported revenue that missed analyst expectations and issued a light forecast for the first quarter. The stock pared its losses after earlier falling by as much as 12%. Here’s how the company did. Revenue: $877 million vs. $886.3 million expected, according to Refinitiv. Earnings: […]

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Finance

Apple reports first decline in revenue in three-and-a-half years

Apple posted a decline in quarterly revenues for the first time in three-and-a-half years after “significant” supply chain disruptions in China delayed deliveries of iPhones during the important holiday period. The worse than expected performance highlighted Apple’s dependence on China for manufacturing and came after shipments of its high-end iPhones were hit by an outbreak […]

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Business

Qualcomm revenue falls 12%, guidance implies more pain this

Cristiano Amon, CEO of Qualcomm. Steve Marcus | Reuters Qualcomm shares rose by as much as 4% in extended trading on Thursday after the chipmaker reported lower fiscal first-quarter revenue than analysts had predicted and issued weak quarterly guidance. Here’s how the company did: Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected […]

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Finance

Meta shares soar on resilient revenue and $40bn in buybacks

Meta shares jumped on Wednesday after the social media company’s sales for the final quarter of 2022 came in better than expected and it authorised an additional $40bn in share buybacks. Meta, which owns Facebook, Instagram and WhatsApp, reported revenues of $32.2bn, a 4 per cent decline from the year before but at the top […]

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Business

The Covid pandemic drives Pfizer’s 2022 revenue to a record $100

Empty vials of Pfizer-BioNTech coronavirus disease (COVID-19) children’s vaccines are pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, U.S., May 19, 2022.  Hannah Beier | Reuters The ongoing Covid-19 pandemic propelled pharmaceutical company Pfizer’s earnings to a record $100 billion last year, almost $57 billion of which was driven by its vaccine and antiviral pill Paxlovid, […]

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Gaming

Microsoft Reports Drop In Xbox Sales, Overall Gaming Revenue

Microsoft has released its latest earnings report for the quarter ending December 31, less than a week after it announced it would be laying off 10,000 people. The tech giant reported an overall drop in income, as well as a 13% decrease in gaming revenue. Both hardware and content sales lagged for Xbox compared to […]

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Business

Procter & Gamble revenue and profit fall as higher prices fail to

In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | Lightrocket | Getty Images Procter & Gamble reported year-over-year declines in revenue and profit on Thursday, as higher prices struggled to offset declining sales volumes. Shares of P&G fell about 1% […]