In a robust display of financial performance, Swiss pharmaceutical powerhouse Novartis reported fourth-quarter sales that exceeded analysts’ forecasts, climbing 16% on a constant currency basis to reach an impressive $13.2 billion. Analysts had anticipated revenues closer to $12.795 billion as per an LSEG poll. This performance spurred a positive market reaction, lifting Novartis shares by
Earnings
The recent financial report from H&M, a global heavyweight in the fashion retail industry, painted a mixed picture that has left investors anxious. Following an announcement that the company’s fourth-quarter sales fell short of market expectations, shares plummeted more than 5%. The reported sales amounted to 62.19 billion Swedish krona, which was significantly lower than
Norway’s Government Pension Global Fund, widely recognized as the largest sovereign wealth fund globally, has declared a staggering profit of 2.5 trillion kroner (approximately $222.4 billion) for the year 2024. This remarkable financial performance is attributed largely to a substantial upturn in technology sectors, showcasing the fund’s strategic investment decisions. By the close of the
JetBlue Airways, the New York-based airline that has built its reputation on low fares and customer service, experienced a staggering decline in its stock value recently, plummeting over 25%—a historic single-day loss. This sharp downturn follows disappointing financial projections and raises questions about the airline’s current strategy and future viability in an increasingly competitive industry.
In a surprising turn of events, Ryanair, Europe’s leading budget airline, delivered an impressive after-tax profit for the third quarter ending December. The airline’s profit reached €149 million ($155.8 million), significantly exceeding analysts’ forecasts which ranged around €60 million. This upbeat performance showcases the airline’s resilience amid ongoing challenges, including supply chain disruptions linked to
Twilio Inc., a leader in cloud communications, has recently demonstrated a remarkable turnaround, evidenced by a staggering 20% surge in share prices on a single trading day. This spike represents the company’s most substantial gain since the onset of the COVID-19 pandemic, propelling its stock to a closing price of $136.23—its peak since 2022. Such
On Thursday, Electronic Arts (EA) experienced a shocking decline in its stock prices, plummeting 19% to $115.86 as midday trading progressed. This marks the company’s steepest fall since 1999, a time when the tech industry faced its own catastrophic downturn during the dot-com bubble. EA’s alarming performance is attributed primarily to disappointing results from its
In an alarming development for Electronic Arts (EA), the company has revised its full-year bookings forecast downward, primarily attributing the change to disappointing performance within its flagship soccer series, EA Sports FC. The downgrading led to a significant drop in EA’s share price, which fell by 7% in after-hours trading, signaling investor concern over the
As the financial world keeps a watchful eye on Goldman Sachs, the bank is poised to announce its fourth-quarter earnings this Wednesday, right before the market opens. Analysts from LSEG project a robust $8.22 earnings per share alongside a whopping $12.39 billion in revenue. Among the expected figures are notable contributions from specific sectors; fixed-income
Taiwan Semiconductor Manufacturing Company (TSMC) demonstrated remarkable growth in its fourth-quarter results, further establishing its dominance in the global semiconductor industry. The company’s performance exceeded initial projections, primarily driven by a soaring demand for advanced chips essential for artificial intelligence (AI) applications. In an era where AI technology is at the forefront of innovation, TSMC’s