Reports Quarterly Sales

Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off

Tech - ABC News - 5 days ago

Hermès defies luxury gloom with strong sales

Paris house posts solid growth in contrast to rivals Kering and LVMH

Business - Financial Times - October 24

McDonald’s suffers second straight decline in quarterly sales

US fast-food chain hit by weakness in international markets as it promotes more discount meals

Business - Financial Times - October 29

BYD quarterly sales beat Tesla for first time

Warren Buffett-backed Chinese carmaker’s revenues surge 24 per cent but fierce competition slims margins

Business - Financial Times - 6 days ago

Microsoft dips on weak guidance after beating on earnings

Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.

Business - CNBC - 5 days ago

LVMH shares down 7% after warning of ‘uncertain’ outlook

World’s largest luxury group hit by pullback in Chinese consumer spending

Business - Financial Times - October 16

Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time

The milestone comes amid tough competition in China, the world's largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.

Business - CNBC - 5 days ago

Apple Sales Hit Quarterly Record as iPhone Business Rebounds

Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.

Business - The Wall Street Journal - 4 days ago

Boeing workers to vote on ending strike as company reports billions in quarterly losses

Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...

Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss

The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.

Business - Inc. - October 23

BP reports lowest quarterly profit since pandemic on weak oil prices

Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase

Business - Financial Times - October 29

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates

Tech - ABC News - 4 days ago

Starbucks Shares Drop After Dismal Preliminary Quarterly Earnings

“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.

Business - The New York Times - October 23

Jeep maker Stellantis reports 27% drop in sales

Stellantis reported a 20% drop in its shipments driven by major slumps in both Europe and North America

Business - MarketWatch - 5 days ago

We're buying more of a stock that has gone on sale since reporting earnings

The purchase will increase the stock's weighting in our portfolio to 2.75% from 2.58%.

Business - CNBC - October 14

China reports better-than-expected retail sales and industrial production data

The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.

Business - CNBC - October 18

Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

Billionaire Trump backer has targeted swing states with contest ahead of presidential election

Business - Financial Times - October 24

Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas

Vice-president seeks to energise women voters as White House race against Donald Trump tightens

Business - Financial Times - October 26

Nasdaq hits record high as tech stocks rebound from summer sell-off

Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ bet

Business - Financial Times - October 25

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - 6 days ago

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low. Shares in luxury goods brands slumped after Louis Vuitton ’s LVMH reported an ...

World - The Guardian - October 16

Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market

Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a ...

Tech - ABC News - October 17

Apple reports robust demand for iPhone 16 even as overall sales in China slow

Company reports $94.9bn in revenue, slightly beating Wall Street projections in first look at demand for its new phone. Apple reported strong demand for the iPhone 16 in its quarterly earnings ...

World - The Guardian - 4 days ago

Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.

Business - CNBC - 4 hours ago

Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion

The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.

Tech - The New York Times - 5 days ago

China set to post slowest quarterly growth this year: analysts

World - Yahoo News - October 16

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

Boeing is about to show a big quarterly loss as investors wait for the strike to end

If union members agree to end the strike “the supply chain, investors, and Boeing will share a collective sigh of relief.”

Business - MarketWatch - October 23

Tariff surge would damage global growth, IMF warns

In a forecast two weeks before US election the fund says greater protectionism would drag down world economy

Business - Financial Times - October 22

Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand

Revenue for the third quarter grew about 94% year-on-year.

Business - CNBC - October 24

Hoka shoes are so popular, their maker just crushed quarterly estimates

Deckers Outdoor also guided for a 12% sales increase for fiscal 2025.

Business - MarketWatch - October 25

NatWest Lifts Guidance Again After Quarterly Profit Beat

The U.K. high-street bank raised its revenue and profit outlook for the second time this year after its third-quarter results topped market expectations, lifting shares to an over 13-year high.

Business - The Wall Street Journal - October 25

Roku’s stock sinks after streaming company posts another quarterly loss

Roku Inc.’s stock fell in after-hours trade Wednesday, after the streaming platform posted another quarterly loss and flat average revenue per user.