Tesla is set to report first-quarter earnings after the bell on Tuesday. Here is what analysts are expecting, according to LSEG: Earnings per share: 51 cents Revenue: $22.15 billion Wall Street is projecting revenue will drop 5.1% from $23.33 billion a year earlier, which would mark the first year-over-year drop in sales...
Verizon reports fewer quarterly subscriber losses on flexible plan demand
Verizon Communications said on Monday it lost fewer-than-expected wireless subscribers in the first quarter thanks to its flexible plans and streaming bundles offering discounted pricing for services such as Netflix and Warner Bros Discovery's Max. Shares of the U.S. telecom firm rose 2.5% in premarket trading. It lost 68,000...
Procter & Gamble sales disappoint as price hikes slow down
Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years of hiking prices across its portfolio, from Tide detergent to Charmin toilet paper. The company's prices were up 3% compared with the year-ago period, although CFO Andre Schulten said on a media...
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
Norway's giant sovereign wealth fund on Thursday reported a first-quarter profit of 1.21 trillion kroner ($110 billion), supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, the world's largest sovereign wealth fund, said it had a value of 17.7 trillion kroner at...