Travel giant TUI smashes earnings expectations as investors decide on London exit

Travel giant TUI smashes earnings expectations as investors decide on London exit

Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain. Clara Margais | Getty Images German travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand. The swing to profit vastly … Read more

Ford (F) Q4 2023 earnings

Ford (F) Q4 2023 earnings

Ford CEO Jim Farley poses for a photo before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, China-based Contemporary Amperex Technology, to create an electric vehicle battery plant in Marshall, Michigan, on Feb. 13, 2023, in Romulus, Michigan. Bill Pugliano | Getty Images DETROIT — … Read more

Expedia plunge on weak air bookings and the resignation of the CEO

Expedia plunge on weak air bookings and the resignation of the CEO

Expedia shares sank 19% on Friday after the company saw softness in air travel bookings and its CEO resigned. CNBC’s Jim Cramer said the magnitude of the stock decline may be an overreaction. While delivering an earnings-per-share beat and in-line revenue in the fourth quarter, bookings fell short, “largely driven by a reduction in average … Read more

SoftBank shares extend their surge, pop more than 15% on earnings beat

SoftBank shares extend their surge, pop more than 15% on earnings beat

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images Shares of SoftBank Group rose as much as 15.29% Friday morning, a … Read more

Pinterest (PINS) Q4 2023 earnings report

Pinterest (PINS) Q4 2023 earnings report

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Chris Helgren | Reuters Pinterest shares dropped in extended trading on Thursday after the company issued a weaker-than-expected forecast and reported disappointing revenue. The stock pared some of its losses after Pinterest … Read more

Spirit Airlines (SAVE) Q4 2023 earnings

Spirit Airlines (SAVE) Q4 2023 earnings

A Spirit Airlines plane awaits takeoff at LaGuardia Airport in New York Leslie Josephs/CNBC Spirit Airlines‘ fourth-quarter loss narrowed to nearly $184 million, but its CEO said that the carrier is on a path back to profitability and that the domestic air travel market is improving. The airline is trying to find its footing after … Read more

Suspends share buybacks amid Red Sea disruption

Suspends share buybacks amid Red Sea disruption

Giant gantry cranes and off loading freighter in Haifa container port, Israel. Ucg | Universal Images Group | Getty Images LONDON — Shares of Danish shipping giant Maersk slumped more than 14% in early trade Thursday after it flagged “high uncertainty” in its 2024 earnings outlook amid Red Sea disruptions and an oversupply of shipping … Read more

PayPal (PYPL) Q4 earnings

PayPal (PYPL) Q4 earnings

A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected fourth-quarter results Wednesday, but issued guidance that was a bit below estimates. The shares slid 8% in extended trading. Here’s how the company did: Earnings per share: … Read more

Orsted exits several offshore wind markets, pauses dividend

Orsted exits several offshore wind markets, pauses dividend

Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the UK coast. Ucg | Universal Images Group | Getty Images Danish renewables giant Orsted on Wednesday announced plans to cut jobs, pause its dividend payouts to shareholders and exit several offshore wind markets after a tumultuous year of rising … Read more

Snap stock drops 30% after revenue miss and weak guidance

Snap stock drops 30% after revenue miss and weak guidance

Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California.  Joe Scarnici | Getty Images Entertainment | Getty Images Snap shares tanked 30% in Wednesday morning trading, a day after the company missed revenue estimates and issued light guidance in … Read more