SK Hynix, a prominent memory chipmaker based in South Korea, recently announced a net profit of 1.92 trillion South Korean won in the first quarter of the year. This marked a significant turnaround compared to the 2.58 trillion won loss reported during the same period last year. The positive income recorded by SK Hynix in
Earnings
In the midst of a challenging global landscape characterized by the ongoing Covid-19 pandemic, Swiss pharmaceutical giant Roche has managed to navigate through uncertainty and report a modest uptick in first-quarter sales. Despite facing waning demand for its Covid-19 products, the company has shown resilience in the face of adversity. Roche reported a 2% increase
Boeing’s upcoming quarterly report is expected to shed light on the repercussions of a door plug loss incident in January involving a 737 Max 9 plane. This incident not only led to another safety crisis for the company but also brought additional federal scrutiny and a slowdown in production. As a result, analysts are predicting
When Tesla reported its first-quarter earnings, the results did not meet the market’s expectations. Analysts were expecting an earnings per share of 51 cents and revenue of $22.15 billion. However, revenue actually dropped by 5.1% from the previous year, marking the first year-over-year decline since 2020. This news led to a significant drop in Tesla’s
Novartis, the Swiss drugmaker, saw a significant increase in its stock price by as much as 4.8% following the release of its first-quarter results. The company demonstrated better-than-expected performance, leading to a boost in investor confidence. With net sales rising by 11% and core operating income increasing by 22% in the first three months of
JetBlue Airways is facing a turbulent time as its shares plummeted by more than 10% in premarket trading following a downgrade in its 2024 revenue forecast. The airline anticipates that second-quarter revenue will experience a significant drop of up to 10.5%, which is more than double what analysts had predicted. This disappointing news has been
Procter & Gamble recently reported its Q2 earnings, which resulted in a mixed quarter for the consumer products giant. The company’s stock initially plummeted, which may have been interpreted as profit-taking rather than a true reflection of the results. Despite the lower-than-expected sales of $20.195 billion, the organic growth of 3% and an increase in
Alaska Airlines has projected second-quarter and full-year earnings that are significantly higher than initial estimates, showing confidence in a strong peak travel season. Despite experiencing a first-quarter loss due to a midair incident involving a Boeing 737 Max 9 aircraft, the airline remains positive about the future. The incident, which occurred on January 5, resulted
ASML, a prominent semiconductor firm, experienced a significant drop in its net sales and net income, falling short of estimates. The company’s stock took a hit, declining by approximately 4.5% in early European trading following the release of its financial results. Net sales were reported at 5.29 billion euros, compared to the expected 5.39 billion
Adidas shares rose by 8.2% on Wednesday following an announcement that the company had raised its full-year guidance unexpectedly. According to the German sportswear company, currency-neutral revenues are now expected to see a mid-to high-single-digit growth rate for the full year 2024. This is in comparison to the previous projection of growth near a mid-single-digit