SK Hynix, the South Korean memory chipmaker, made a remarkable turnaround in the first quarter of this year by reporting a net profit of 1.92 trillion South Korean won. This impressive figure marks a stark contrast from the 2.58 trillion won loss recorded in the same period a year ago. The company’s positive income in
Earnings
Roche, a Swiss pharmaceutical company, recently released its first-quarter sales report, revealing a modest uptick in sales despite facing challenges related to the Covid-19 pandemic. The company reported a 2% increase in sales at constant exchange rates, driven by higher demand for its newer medicines and diagnostics. However, when sales were calculated in the company’s
Boeing is facing significant challenges following the midair loss of a door plug from a 737 Max 9 plane in January. This incident has not only led to a halt in production but has also resulted in a series of safety concerns and federal scrutiny. As the company prepares to release its quarterly report, analysts
Tesla, the electric vehicle giant, is gearing up to release its first-quarter earnings report amid concerns and expectations from analysts. With a projected earnings per share of 51 cents and revenue of $22.15 billion, the pressure is on for Tesla to deliver positive results. However, with Wall Street predicting a 5.1% drop in revenue compared
Novartis, a Swiss pharmaceutical company, saw its shares rise by 4.8% in early trading on Tuesday after announcing better-than-expected first-quarter results. The company raised its full-year guidance, citing strong performance across all major brands. Financial Performance During the first three months of the year, Novartis reported a significant increase in net sales, up by 11%.
JetBlue Airways saw its shares plummet over 10% in premarket trading following the airline’s announcement of a lowered revenue forecast for 2024. The carrier anticipates a drop in second-quarter revenue of up to 10.5%, which is more than double the expected decrease according to analysts. Furthermore, the full-year sales forecast indicates a decline in the
Procter & Gamble recently reported a mixed quarter, with sales in the three months ended March 31 increasing 1% year over year to $20.195 billion, falling short of analysts’ expectations. However, adjusted earnings per share rose 11% to $1.52, surpassing analyst forecasts. Despite weaker sales, the company delivered strong profitability, leading to an improvement in
Alaska Airlines has recently forecasted second-quarter and full-year earnings that surpass analysts’ expectations, signaling a positive outlook for the airline. Despite facing setbacks such as a first-quarter loss due to an unfortunate incident with a Boeing 737 Max 9 aircraft, Alaska Airlines remains optimistic about the upcoming peak travel season. In the first quarter, Alaska
ASML, a prominent semiconductor firm known for producing extreme ultraviolet lithography machines, experienced a decline in its stock price by 4.5% following the announcement of missed sales forecasts. The company reported net sales of 5.29 billion euros, falling short of the expected 5.39 billion euros, while net profit stood at 1.22 billion euros compared to
Adidas, the German sportswear company, experienced a significant 8.2% jump in its shares following an unexpected increase in its full-year guidance and a rise in year-on-year profit in the first quarter. The company now anticipates currency-neutral revenues to grow at a mid-to high-single-digit rate for the full-year 2024, a notable improvement from the previous mid-single-digit