Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet shares slid more than 6% in extended trading on Tuesday after the company reported ad revenue that missed analysts’ estimates. Here are … Read more
Tesla CEO Elon Musk failed to address investors’ concerns about price cuts in “another train wreck of a conference call” this week, Wedbush analyst Dan Ives told clients in a research note Thursday. Ives slashed his 12-month stock price target for Tesla by 10% to $315, which still implies about 52% upside from Wednesday’s close. … Read more
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Elon Musk said Chinese electric auto makers will find “significant” success outside of China, even as his firm, Tesla, faces intense competition from these same … Read more
CNBC’s Jim Cramer said he’s never received more executive feedback on a “Mad Money” segment than he has for his Thursday night commentary in which he booted Tesla from the “Magnificent Seven” after the electric vehicle maker’s disappointing earnings report and 2024 outlook. “I’ve been doing a show for 19 years. … This was the … Read more
Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Intel shares slumped 12% on Friday for their steepest drop since July 2020, after the chipmaker issued a forecast for the current quarter that came in far short of analysts’ estimates. In its earnings report late Thursday, … Read more
Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates. Here’s how Intel did versus LSEG (formerly Refinitiv) consensus expectations for the quarter ended in December: Earnings per share: 54 … Read more
American Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall Street estimates on the top and bottom lines. Shares of the company rose more than 10% on Thursday. Here’s how American performed in the fourth quarter of 2023 compared with Wall Street estimates compiled by LSEG, formerly … Read more
Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Patrick T. Fallon | AFP | Getty Images Alaska Airlines said Thursday that the weekslong grounding of the Boeing 737 Max 9 will … Read more
Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Kirsty Wigglesworth | Reuters Tesla shares tumbled more than 9% Thursday, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024. Tesla reported revenue and … Read more
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023. Nokia shares were 7% higher at around 8.19 a.m. London time … Read more
