Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business

The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.

Topics

Linde shares whipsaw after earnings, highlighting a crucial lesson for investors

Management assured us that its outlook is a starting point for the year and not hostage to currency fluctuations.
CNBC - 13h
Fiserv shares rally to record on earnings beat, bullish revenue outlook

Shares of payments company Fiserv rose to a record on Wednesday after reporting better-than-expected earnings.
CNBC - 1d
Uber shares fall as strong dollar hits bookings outlook

Ride-hailing group’s weaker forecast comes after record fourth quarter
Financial Times - 1d
Chipotle earnings beat estimates, but stock falls on weak same-store sales forecast

Chipotle earnings beat estimates as restaurant traffic rises again.
CNBC - 2d
Ferrari shares pop 8% as luxury carmaker sees further earnings growth in 2025

Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personalization.
CNBC - 2d
Palantir shares rocket 22% after company posts strong earnings and outlook

Palantir's earnings report follows a historic rally in the stock last year.
CNBC - 3d
Apple shares fall on concern Trump tariffs on China will hit profit

Among the tech megacaps, Apple may be the most vulnerable to President Donald Trump's announced tariffs on China.
CNBC - 3d
Tyson Foods’ chicken business powers earnings beat as stock rises

Tyson called the chicken results “exceptional.”
MarketWatch - 3d
US, EU and UK stock markets hit by global trade war fears as JPMorgan says Trump administration may be ‘business unfriendly’ – business live

European markets fall as Trump says EU tariffs will ‘definitely happen’; stocks and cryptocurrencies tumble in Asian trading hours. Trump says EU tariffs will ‘definitely happen’ as Mexico, ...
The Guardian - 3d
Carmakers’ shares hit as US tariffs threaten supply chains

Auto industry relies on operations in Mexico and Canada to supply American market
Financial Times - 3d
Sotheby’s axes mainland China ecommerce business over weak demand

Auction house pulls back on ‘Buy Now’ venture for instant purchases of fine art and luxury items
Financial Times - 5d
Samsung predicts profit hit from weak chip sales as US curbs bite

World’s biggest maker of memory semiconductors expects demand recovery from second quarter
Financial Times - Jan. 31
Apple's gross margin hits record as services business keeps growing

As services become a bigger part of Apple's business, the company continues to deliver higher profit margins for investors.
CNBC - Jan. 30
UPS shares tank 14% after weak guidance, plan to slash Amazon deliveries by more than half

UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
CNBC - Jan. 30
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

Shares of United Parcel Service plunged more than 15% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its largest customer, by ...
NBC News - Jan. 30
Nokia shares head for best day in months, as hard-hit mobile business appears to be stabilizing

Investors cheered results from Finnish telecom-equipment maker Nokia Corp., which swung to a profit in the final quarter of 2024, driving shares to their best session in months.
MarketWatch - Jan. 30
Meta earnings reward investors who bid up shares to five straight record closes

Meta Platforms delivered a monster quarterly beat on everything from sales and earnings to cash flow and engagement.
CNBC - Jan. 30
Microsoft shares slip on weak quarterly revenue guidance

Microsoft intends to address execution challenges in its key cloud unit, while continuing to endure supply constraints.
CNBC - Jan. 30
IBM shares rise 9% on earnings beat

In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.
CNBC - Jan. 29
Starbucks Reports Weak Earnings as It Tries to Woo Back Customers

Traffic is down, but improving. “Much of our work is just beginning,” said Brian Niccol, the chief executive.
The New York Times - Jan. 29
Global technology shares tumble, spooked by China’s DeepSeek AI app – business live

Nasdaq futures tumble after Chinese lab DeepSeek rolls out free AI app in threat to US dominance. Here is the full story on Good Energy . Morgan Stanley has cut its forecast for UK growth this ...
The Guardian - Jan. 27
Ericsson shares skid as enterprise trouble offsets AT&T boost

Ericsson shares slumped Friday as the telecom equipment maker missed on fourth-quarter profit due to its struggling enterprise division.
MarketWatch - Jan. 24
S&P 500 Hits Record High Amid Strong Earnings and Easing Inflation Concerns

Corporate earnings are coming in strong. Investors are also seeing the Trump administration take a less aggressive approach to tariffs than some had expected.
The New York Times - Jan. 24
CNN hit with 6% staff cut as network sets a plan for a digital future

Cable cord-cutting and a decline in revenue led to a significant workforce reduction at the Warner Bros. Discovery unit while new employees are hired for digital efforts.
Los Angeles Times - Jan. 23
Sainsbury’s to cut 3,000 jobs as rising costs hit business

Supermarket chain will lose a fifth of senior management roles and close in-store cafés
Financial Times - Jan. 23
EA shares drop 7% after company lowers guidance due to weakness in soccer, other games

Electronic Arts slashed its full-year guidance on Wednesday, blaming the shortfall on underperforming games, in particular, its soccer franchise.
CNBC - Jan. 22
Trainline shares hit by UK plans for state-backed rival

Government outlines proposal for online service that brings together train operators’ ticketing websites
Financial Times - Jan. 22
Apple's Smartphone Sales Slump in China as Huawei Gains Market Share

The U.S. tech giant’s fourth-quarter iPhone sales fell 18% in the world’s largest smartphone market.
The Wall Street Journal - Jan. 21
Bitcoin hits new record high, dollar dips ahead of Trump inauguration – business live

Bitcoin rises by 4% past $109,000, reversing earlier losses; Donald Trump meme coin price tanks after wife Melania also launches token. The UK chancellor, Rachel Reeves , will travel to the ...
The Guardian - Jan. 20
Nintendo Shares Slump as Switch 2 Announcement Underwhelms

The Japanese company’s much-anticipated successor to its Switch console disappointed investors with a lack of specifics and a design that feels more like an update than a reinvention.
The Wall Street Journal - Jan. 17
UK companies outpace US businesses in share buybacks

FTSE groups adopt practice that has drawn criticism from lawmakers but research suggests it could lift long-term share price
Financial Times - Jan. 17
Wells Fargo shares jump after earnings beat, strong 2025 guidance

The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024's number of $47.7 billion.
CNBC - Jan. 15
Tax Deadline for 2024 Disaster-Hit Small Businesses Nears

The IRS cautions many small businesses that the filing extension periods given after natural disasters last year will end in early February, though other will have until May.
Inc. - Jan. 15
Storm use core player designation on Williams

Gabby Williams, who averaged a career-high 10.3 points last season, was designated as the Storm's core player and will not become an unrestricted free agent.
ESPN - Jan. 14
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump

The wildfire may be the costliest disaster in California history.
Inc. - Jan. 10
Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs

Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.
CNBC - Jan. 10
Ubisoft Shares Fall After Net Bookings Slump, Assassin's Creed Delay

The stock dropped after the videogame maker said it expected a decrease in third-quarter net bookings and pushed back the release of its blockbuster game for a second time.
The Wall Street Journal - Jan. 10