When Nvidia reports fiscal fourth-quarter earnings after the market close Wednesday, it will do so as the world’s third most valuable public company. Investors are giving the company little margin for error. Nvidia’s stock price has soared fivefold since the end of 2022, as demand has skyrocketed for its graphics processing units that sit at … Read more
4Q23 Highlights SÃO PAULO, Feb. 20, 2024 /PRNewswire/ — Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reaches R$ 2.0 billion in the fourth quarter and R$ 13.5 billion in 2023. Free Cash Flow reaches R$ 1.3 billion in the fourth quarter, totaling R$ 7 billion in 2023. Amount of dividends allocated in 2023 … Read more
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. One bright spot in Alibaba’s latest earnings report was its international e-commerce business unit, which posted … Read more
Chip Paucek, co-founder and former CEO of 2U, appears at the company’s headquarters in Lanham, Maryland on Nov. 17, 2021. The company’s chief financial officer, Paul Lalljie, replaced Paucek as CEO in November 2023. Marvin Joseph | The Washington Post | Getty Images When 2U went public a decade ago, the company was out to … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
A screen displays the company logo for Toast Inc. during the companyâs IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Brendan Mcdermid | Reuters Toast, maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of its workforce. The company … Read more
Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024. Fabrice Coffrini | Afp | Getty Images Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive market environment after a … Read more
Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of cryptocurrency exchange Coinbase soared 15% Friday in U.S. trading after the company reported its first profit in two years. Coinbase, the largest U.S. venue for … Read more
NANPING, China, Feb. 15, 2024 /PRNewswire/ — Golden Heaven Group Holdings Ltd. (the “Company” or “Golden Heaven“) (Nasdaq: GDHG), an amusement park operator in China, today announced its financial results for the fiscal year ended September 30, 2023. Ms. Qiong Jin, the CEO and Chairman of the Company, commented, “This 2023 fiscal year marked a period … Read more
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at … Read more
