SkyWest, Inc. reported its third-quarter 2024 financial and operating results, with a pre-tax income of $116 million and a net income of $90 million, or $2.16 per diluted share. The company reached an agreement with United Airlines to place 40 CRJ550s under a multi-year contract, with plans to acquire 11 used CRJ550s and convert 29 … Read more
Coinbase’s third-quarter earnings report was below expectations, leading to a nearly 10% drop in the company’s shares. The largest U.S. crypto exchange fell short of both profit and revenue estimates, with revenue coming in at $1.2 billion, $60 million lower than what Wall Street analysts had predicted. Earnings per share also missed the mark, with … Read more
“ Microsoft’s cloud business played a significant role in driving overall growth for the tech giant in the latest quarter, as an increasing number of customers utilized the company’s cloud services for their AI-powered platforms and tools. Microsoft’s cloud revenue in the first fiscal quarter was $38.9 billion, marking a 22% year-over-year increase. A substantial … Read more
Investing.com — Caterpillar Inc. reported third-quarter earnings and revenue that fell short of analyst expectations, sending shares down 5.3% in early trading on Wednesday. The heavy machinery manufacturer posted adjusted earnings per share of $5.17, missing the consensus estimate of $5.35. Revenue for the quarter came in at $16.1 billion, below the $16.37 billion analysts … Read more
Investing.com – European stock markets saw a slight decline on Wednesday as investors analyzed more quarterly earnings results and awaited regional growth data as well as the UK budget. At 04:15 ET (08:15 GMT), the DAX in Germany traded 0.4% lower, the CAC 40 in France fell 0.8%, and the FTSE 100 in the U.K. … Read more
“ Google parent Alphabet exceeded revenue expectations on Wall Street in the third quarter financial results released on Tuesday, showing strong growth in the company’s main businesses and hinting at the potential benefits of its ongoing AI efforts. The company reported a 15% increase in revenue to $88.3 billion in the third quarter, surpassing Wall … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP reported its lowest quarterly profit since the onset of the Covid-19 pandemic, with reduced oil prices and weak refining margins impacting its performance. The FTSE 100 energy giant generated underlying profits of $2.27bn in … Read more
Dow Jones futures saw a modest increase on Sunday night, along with S&P 500 futures and Nasdaq futures. Crude oil prices took a plunge following Israel’s “precise” airstrikes on Iran. Apple (AAPL), Microsoft (MSFT), Google-parent Alphabet (GOOGL), Amazon.com (AMZN), and Meta Platforms (META) are all set to report earnings this week, with significant implications for … Read more
Apple (AAPL), Microsoft (MSFT), Google-parent Alphabet (GOOGL), Amazon.com (AMZN) and Meta Platforms (META) all report in a three-day span next week. The results from these S&P 500 giants have huge implications for investors and the stock market rally. This group of five mega-cap companies, also known as the Magnificent Seven stocks, collectively have a market … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Payouts for EY’s UK partners declined by 5 percent this year to an average of £723,000, as the Big Four firm faced a significant slowdown in sales growth and an increase in partnership size. The … Read more