Apple’s revenue increased by 6% in the fourth fiscal quarter, driven by a rebound in iPhone sales and growth across all business units except for wearables. Total sales for the quarter ended September 28 reached $94.9 billion, slightly exceeding Wall Street expectations of $94.6 billion. iPhone sales grew by 5.4% to $46.2 billion, marking a … Read more
Medallion Financial Corp. reported its third-quarter results for 2024, showcasing several highlights. Net income for the quarter was $8.6 million, or $0.37 per share, a decrease from the previous year’s quarter. Despite this, net interest income saw an 8% growth to $52.7 million, with loan originations reaching $275.6 million. The total loans grew by 13% … Read more
HSBC Holdings reported a 10% increase in third-quarter profit, surpassing analyst expectations. The bank’s wealth and wholesale banking divisions benefited from slower rate cuts, while undergoing a major overhaul. Europe’s largest bank recorded a pretax profit of $8.5 billion for the July-to-September period, up from $7.7 billion a year earlier. This result exceeded the $7.6 … Read more
McDonald’s is resuming sales of its Quarter Pounder burgers in all of its US restaurants after ruling out its beef patties as the source of an E. coli outbreak that left at least one person dead and dozens of others ill. The fast food giant said samples of its beef patties that were taken by … Read more
Farmer Bros. Co. announced that it will release its fiscal first quarter 2025 financial results for the period ending on Sept. 30, 2024. The company will publish its 10-Q filing and earnings results release on the Investor Relations section of its website after the close of market on Thursday, Nov. 7. In addition to this, … Read more
Samsung Biologics reported consolidated revenue of KRW 1.2 trillion and operating profit of KRW 338.6 billion for the third quarter of fiscal year 2024. The company emphasized its commitment to providing high-quality solutions and expanding its global partnerships to enhance value for clients. In Q3’24, Samsung Biologics achieved a 15% increase in revenue compared to … Read more
McDonald’s experienced a drop in shares during after-hours trading after the Centers for Disease Control and Prevention (CDC) announced that an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has resulted in 10 hospitalizations and one fatality. The CDC reported a total of 49 cases across 10 states between September 27 and October 11, … Read more
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE:) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, after the New York Stock … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew by 4.6 per cent year on year in the third quarter, according to official data released on Friday. This growth rate is slower than the previous three months, highlighting a slowdown in … Read more
COSTA MESA, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) — El Pollo Loco Holdings, Inc. (El Pollo Loco) (NASDAQ: LOCO) announced that it will hold a conference call to discuss its third quarter 2024 financial results on Thursday, October 31, 2024, at 4:30 PM Eastern Time. Liz Williams, Chief Executive Officer, and Ira Fils, Chief Financial … Read more