Mercedes-Benz Profit Boosted by Top-End Models, Pricing
Mercedes-Benz posted underlying earnings of EUR5.5 billion for the year, in line with preliminary figures released last week, and maintained its overall guidance for 2023.
Remy Cointreau Sees Flat Sales Growth
Remy Cointreau said it expected a sharp sales decline in the first half of fiscal 2024, due to weakness in the U.S. and high year-earlier comparisons, but a strong recovery in the second half, with overall growth stable for the year.
Snapchat Parent’s Quarterly Sales Drop
The company’s earnings report signals a recovery may be slower than Wall Street expected.
Intel Records Its Worst Quarterly Loss Amid PC Slump, Fierce Competition
The chip maker is cutting costs while pursuing a pricey turnaround effort.
Amazon Rebounds From Postpandemic Doldrums, but Says Cloud Growth Is Slowing
The company reported a bounceback from stagnant postpandemic sales, but shares fell after-hours when it revealed in an investor call that its cloud-computing growth has slowed this month.
Lyft Says it Will Cut More Than 1,000 People in New Round of Layoffs
Lyft is cutting more jobs a little over a week after a new chief executive took over and following a round of 700 layoffs in November.
Gap to Eliminate 1,800 Corporate Jobs
The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s San Francisco and New York headquarters.
Caterpillar Lifts Sales as Demand Holds Strong
The construction-equipment maker said sales volumes rose in the first three months of the year, though services sales volumes fell.
Gilead shares fall after mixed results, as weaker COVID-19 drug remand weighs
Gilead Sciences Inc. on Thursday cut one of its profit forecasts and reported first-quarter profit that missed expectations.
SpaceX Pushes to Quickly Launch Another Starship
The company believes it can repair damage to the launchpad used for its first Starship flight and will be ready to fly a second rocket by early summer, NASA’s leader said.
Source: Dow Jones Newswires