Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company's wholly owned businesses — that surged 39% to $11.22 billion from...
Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Super Micro shares slipped as much as 15% in extended trading on Tuesday after the server maker reported slightly lower revenue than expected for its fiscal third quarter, even as it gave optimistic top-line guidance. Here's how the company did in comparison with LSEG consensus: Earnings per share: $6.65 adjusted...
Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins
Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon's stock is down more than 3%. Here is what Exxon reported for the first quarter compared with what Wall Street was expecting, based on...
Airbus CFO says A350 plane production increase not tied to Boeing troubles
Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing, according to the French plane maker's chief financial officer. Toulouse-based Airbus on Thursday announced plans to increase its production rate for the long-range aircraft to 12 units per month in...