“ 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
“ 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 US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Elon Musk’s X is on track to fall well short of its goal of bringing in $100mn in revenue from political advertising in 2024, raising just $15mn in the year to date, … Read more
Australian flag carrier Qantas Airways has raised its revenue expectations for its domestic operations in the first half of the financial year. The airline is now anticipating a 3% to 5% increase in revenue per available seat kilometre for its local business, up from the previously forecasted 2% to 4%. Additionally, Qantas expects domestic capacity … Read more
IBM (IBM) stock saw a decline late on Wednesday despite reporting better-than-expected third-quarter earnings. Although IBM’s revenue missed expectations, the company experienced strong growth in software sales, which was partially offset by weaknesses in consulting and infrastructure operations. IBM reported adjusted earnings of $2.30 per share on sales of $14.97 billion for the quarter ending … Read more
Kimberly-Clark Corporation (NYSE: KMB) announced its third-quarter 2024 results on Thursday, exceeding earnings expectations but falling short on revenue projections. The company also adjusted its full-year forecast for organic sales growth. The consumer goods company reported adjusted earnings per share of $1.83, beating the analyst consensus of $1.70. However, revenue for the quarter came in … Read more