TSMC is the world's largest producer of advanced processors and counts
World’s largest public company reports $61.86bn revenue after investing billions into artificial intelligenceProfits at Microsoft beat Wall Street’s expectations as its heavy bet on artificial intelligence continued to bear fruit in the latest quarter.The technology giant has invested billions of dollars into AI in a bid to turbocharge its growth, particularly of its cloud computing services. Its cloud computing revenue surged by more than 20%. Continue reading
/PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's
Colony Bankcorp (NASDAQ:CBAN) just reported results for the first quarter of 2024.Colony Bankcorp reported earnings per share of 33 cents. This was above the analyst estimate for EPS of 31 cents.The company reported revenue of $28.14 million.This was 1.96% better than the analyst estimate for revenue of $27.60 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including...
Expectations—and the risk of a disappointment—are high as Meta Platforms, owner of Facebook and Instagram, reports its results.
Shares surge after tech giant issues first ever dividend and posts revenue of $80.5bn, up 15% since last year, despite staff turmoilShares in Alphabet, the owner of Google and YouTube, surged after it issued its first ever dividend and revealed that profits had surged in the last quarter.Sundar Pichai, CEO, hailed the transition to artificial intelligence as a “once-in-a-generation opportunity” as his company races to integrate the technology across its business. Continue reading
Taiwan Semiconductor Manufacturing Company issued an optimistic revenue target for the current quarter after reporting a near double-digit rise in net profit in the opening quarter of 2024, fuelled by brisk demand for chips supporting AI applications.
TikTok Shop’s turnover increased 15.5 percent over the last quarter of 2023
PepsiCo reported better-than-expected revenue in the first quarter on
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. Sales were hurt by a recall early in the quarter of Quaker Oats cereal, bars and snacks because of potential contamination with salmonella. Quaker Foods sales dropped 24% during the quarter.
United Airlines (UAL) reported better-than-expected first-quart results, beating estimates on both the top and bottom lines. The company posted revenue of $12.54 billion, exceeding the analyst estimate of $12.44 billion. On the bottom line, United reported an adjusted loss of $0.15 per share, outperforming the expected loss of $0.57 per share. To provide insights on the airline's performance, Third Bridge Global Sector Lead for Industrials, Materials and Energy Peter McNally joins Market...
Even if it’s a familiar pattern — hot new thing, new C-Suite exec to tackle said thing, a few years go by and that C-Suite position no longer exists as everyone is now doing said thing (or it was a fad that has since faded away) — does it make sense for businesses to continue to appoint new czars with every new trend?