Page 1158 - Business Finance
Qualcomm shares rise as outlook eases China fears
(Reuters) - Qualcomm Inc reported quarterly earnings that handily beat Wall Street views on Wednesday and said it had negotiated a new and slightly better interim patent contract with Huawei Technologies as it forecast current-quarter revenues in line with analyst estimates.
Qualcomm earns beat views, sales outlook meets views; shares rise
(Reuters) - Qualcomm Inc reported quarterly earnings that handily beat Wall Street views on Wednesday and said it had negotiated a new and slightly better interim patent contract with Huawei Technologies as it forecast current-quarter revenues in line with analyst estimates.
Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant
(Reuters) - Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.
Visa profit beats estimates on higher transaction volume
(Reuters) - Visa Inc beat Wall Street estimates for quarterly profit on Wednesday, as the payments network processed more transactions on the back of higher consumer spending during the holiday season.
Tesla sees profit in every 2019 quarter, but lack of subsidy bites
(Reuters) - Tesla Inc ended 2018 with a small quarterly profit and predicted on Wednesday it would make money every quarter this year, but acknowledged that the erosion of a U.S. tax credit in 2019 would cut into sales.
PayPal quarterly profit falls but beats estimates
NEW YORK (Reuters) - PayPal Holdings Inc on Wednesday reported fourth-quarter profit that beat analysts' estimates, but its revenue outlook for the first three months of 2019 fell short of expectations, sending its shares down more than 5 percent after hours.
ICICI Bank probe finds ex-CEO Chanda Kochhar violated internal policies
MUMBAI (Reuters) - ICICI Bank Ltd said on Wednesday an investigation into former Chief Executive Chanda Kochhar found she had violated internal bank policies and the bank will seek to revoke her financial entitlements.
Oreo maker Mondelez's revenue slips as strong dollar bites
(Reuters) - Oreo cookies maker Mondelez International Inc's revenue slipped 2.8 percent in the December quarter as the impact of a stronger dollar eroded income from its large overseas business.
Microsoft's Azure revenue growth slows in December quarter, shares fall
(Reuters) - Microsoft Corp on Thursday reported results largely in line with Wall Street's targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier.
Gold hits eight-month peak after Fed vows patience on future hikes
(Reuters) - Gold rose to its highest level in over eight months on Wednesday as the dollar dipped after the U.S. Federal Reserve held interest rates steady and said it would be patient with future interest rate hikes.
Tesla sees profit in every quarter of 2019, shares rise
Tesla Inc said on Wednesday it was optimistic it could make a first quarter profit and expected to generate a profit and positive free cash flow consistently beyond the first quarter as it ramps up production of its Model 3 sedan.
Global Markets: Stocks surge on Fed pledge to pause, dollar slips
NEW YORK (Reuters) - The dollar slid and equities surged on Wednesday, fuelled by Boeing and Apple's results and extended after the Federal Reserve pledged to be patient with future interest rate hikes, a change in tone that stock investors interpreted as a buy signal.
Correction: Tesla sees profit in every quarter of 2019, shares fall
(Corrects to say shares fell, not rose in headline) Tesla Inc said on Wednesday it was optimistic it could make a first quarter profit and expected to generate a profit and positive free cash flow consistently beyond the first quarter as it ramps up production of its Model 3 sedan.
Visa Inc quarterly profit rise 18 percent
(Reuters) - Visa Inc on Wednesday reported an 18 percent rise in quarterly profit, as the payments network processed more transactions on the back of higher consumer spending and a strong U.S. economy.
Tesla posts smaller quarter four profit than previous quarter
Tesla Inc on Wednesday reported a smaller fourth-quarter profit compared with the previous three months and said Model 3 production volume in California should reach 7,000 units per week by the end of the year.
Qualcomm revenue forecast meets estimates, signs contract with Huawei
(Reuters) - Qualcomm Inc forecast current-quarter revenue that met analysts' expectations and said it had negotiated a new interim contract with Huawei Technologies that added to revenue in the quarter, sending its shares up 4 percent after the bell.
Qualcomm quarterly revenue misses Wall Street estimates
(Reuters) - Qualcomm Inc missed analysts' expectations for holiday-quarter revenue, as slowing smartphone demand in China and the loss of big customer Apple Inc took a toll on its chip sales.
Mondelez quarterly sales slip 2.8 percent
(Reuters) - Oreo cookies maker Mondelez on Wednesday reported a 2.8 percent fall in quarterly revenue due to weakness at its international business that covers Europe and Latin America.
ICICI Bank third-quarter profit misses estimates
(Reuters) - ICICI Bank reported a 2.7 percent fall in third-quarter net profit on Wednesday, missing analysts' estimates by a wide margin, due to tax expenses and higher provisions.
Microsoft's Azure revenue growth slows in December quarter
(Reuters) - Microsoft Corp's Azure cloud computing platform grew at a slower pace in the December quarter compared with a year earlier, sending shares of the software giant about 2 percent lower in after-hours trade on Wednesday.