Comcast topped Wall Street’s fourth-quarter estimates on Thursday despite reporting larger-than-expected broadband subscriber losses and stagnating paid subscribers for its streaming service, Peacock. Wall Street has been particularly focused on cable companies’ broadband businesses, which still garner high revenue and earnings but have been in the midst of a customer growth slump due to heightened…
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty Images Tesla reported earnings and revenue for the fourth quarter that trailed analysts’ estimates. The stock initially sank in extended trading before rebounding. Here’s how…
A Louis Vuitton storefront in San Diego, California. Kevin Carter | Getty Images News | Getty Images The world’s largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector. The owner of brands including Louis Vuitton, Moët & Chandon and Hennessy posted…
The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024. Jakub Porzycki/ | Nurphoto | Getty Images Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a…
Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman’s efforts to revamp…
A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty Images United Airlines forecast first-quarter earnings that surpassed analysts’ estimates…
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open…
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Thursday topped estimates for fourth-quarter earnings and revenue as the firm’s equities and fixed income traders exceeded expectations. Here’s what the company reported: Earnings:…
Traders work on the floor of the New York Stock Exchange on Jan. 15, 2025 in New York City. David Dee Delgado | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they…
JPMorgan Chase on Wednesday topped estimates for fourth-quarter revenue and profit, helped by better-than-expected net interest income and fixed income trading and investment banking results. Here’s what the company reported: Earnings: $4.81 a share vs. $4.11 LSEG estimate Revenue: $43.74 billion vs. $41.73 billion expected The bank said profit rose 50% to $14 billion in…
