Earnings

In recent days, the tech industry has been abuzz with discussions surrounding China’s emerging AI company, DeepSeek. This unexpected competitor has rapidly transitioned from virtual obscurity to becoming a significant force in the artificial intelligence realm. A series of notable comments from prominent tech CEOs—Satya Nadella of Microsoft, Sam Altman from OpenAI, Tim Cook of
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Swiss pharmaceutical powerhouse Novartis has concluded its fourth quarter with a performance that, while impressive, still fell short of its overall annual guidance. The company’s net sales for the fourth quarter experienced a remarkable 16% rise in constant currency terms, totaling $13.2 billion. This surge exceeded analysts’ projections, which had predicted a revenue of roughly
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The recent quarterly performance announcement from H&M, the world’s second-largest fashion retailer, has sparked a noteworthy reaction in the stock market, highlighting the ongoing challenges that the company faces in a highly competitive landscape. Despite an increase in certain areas of the business, the unexpected dip in sales during the fourth quarter led to a
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In an era marked by economic uncertainty, Norway’s sovereign wealth fund has made headlines with a staggering full-year profit of 2.5 trillion kroner (approximately $222.4 billion) in 2024, solidifying its reputation as the largest of its kind globally. According to the enlightening earnings report from Norges Bank Investment Management (NBIM), the fund’s value soared to
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In a surprising turn of events, budget airline Ryanair reported a significantly higher after-tax profit for the last quarter of the fiscal year, signaling a robust performance that defies the ongoing turbulence in the aviation sector. The airline’s profit has reached €149 million ($155.8 million) for the third fiscal quarter ending in December, surpassing the
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In a startling turn of events, Electronic Arts (EA) has experienced its most significant stock plunge since the late 1990s, with shares currently projected to drop by a striking 19%, settling at $115.86. This sharp decline can be attributed primarily to the recent revision of the company’s bookings guidance for the fiscal year, triggered by
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Goldman Sachs is poised to unveil its fourth-quarter earnings report this Wednesday, with analysts keenly eager for insights into the bank’s performance. Predictions suggest that the investment banking giant will deliver earnings of approximately $8.22 per share, alongside revenue expectations reaching around $12.39 billion, as per LSEG analytics. Notable is the projected revenue breakdown, which
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