Lockheed Martin reports higher sales on strong defense demand
by Yahoo Finance
Yahoo Finance— US weapons maker Lockheed Martin on Tuesday reported a near 14% rise in Q1 sales, as simmering geopolitical tensions fuel demand for new weapons.
The Guardian—Apple reports slumping iPhone sales as global demand weakens. iPhone sales fell 10% compared with the same time period last year, but the company still beat Wall Street’s expectationsApple released its earnings report on Thursday, revealing a drop in overall revenue fueled by slackening iPhone sales.Earnings exceeded market expectations, however, and Apple’s shares rose in after-hours trading. Tim Cook, Apple’s chief executive, said in a statement released before the call that “Apple is reporting revenue of $90.8bn for the March quarter, including an...
US News Money—First Solar Posts Higher Quarterly Profit on Strong Demand. (Reuters) - First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy.The company reported a net profit of $236.6 million, or $2.20 per share, for the three months ended March 31, compared to $42.5 million, or 40 cents per share, in the same period last year.Analysts expected an average of $1.99 per share, according to LSEG data.The U.S. solar market has seen significant momentum since last year, helped by...
Yahoo Finance—Starbucks reports surprise drop in quarterly sales as demand falls. With demand falling across the board, Starbucks reported a fall in same-store sales for the first time in nearly three years, sending its shares down 8% in extended trading. "In a highly challenged environment, this quarter's results do not reflect the power of our brand," CEO Laxman Narasimhan said. Demand in the United States decelerated for a second straight quarter as boycott movements impacted traffic at its stores, while a choppy macro environment weighed on demand for its pricier...