What’s Going On With Cisco Systems Shares Today?
Cisco Inc (CSCO) shares drop after issuing lower Q3 & FY24 guidance, announcing workforce reduction.
Why Fast Casual Restaurant Chain Shake Shack Shares Are Shooting Higher Today
Shake Shack shares up after reporting Q4 FY23 results, beating estimates. Revenue up 20.0% Y/Y, operating loss reduced.
Shell They Say Goodbye? Energy Giant Might Give Norway’s Wind Farm the Cold Shoulder
Shell may withdraw from Norway's first offshore wind farm tender due to concerns over profitability.
Shenzi Sinks: Woodside Takes $1.2B Asset Impairment Charge On BHP Merger
Woodside Energy Group trading lower after disclosing impairment charge in 2023 related to assets acquired under BHP Group deal.
Business Services Provider Conduent’s Mixed Bag Q4, Hit By Headwinds In Its Commercial Sales Efforts
Conduent reported Q4 FY23 results with revenues of $953 million, adjusted EBITDA of $103 million, and adjusted EPS of $0.03. The company expects adjusted revenue of $3.60 billion-$3.70 billion for FY24.
Budget-Friendly Tesla Slayer? Sony & Honda Reportedly Join Hands For Affordable EVs
Sony Honda Mobility, a joint venture between Honda and Sony, reportedly plans to launch three electric vehicle models by late 2020s to compete with Tesla.
Bullish Q4 Earnings, Modest Guidance: Can Building Materials Supplier Owens Corning Find the Right Roof?
Owens Corning reported Q4 net sales of $2.30B, beating consensus. Adjusted EPS and EBIT increased, while cash flow was $1.7B. Q1 sales is expected to be slightly lower compared to prior year.
Building Blocks of Success: Martin Marietta Materials Beats On Earnings, Eyes Recovery Despite Housing Wobble
Martin Marietta Materials reported Q4 FY23 results, with revenue of $1.608B and EPS of $4.63. The company expects strong demand for aggregates in FY24.
Barrick Gold’s Q4: Earnings Shine, Buyback Glitters & More
Barrick Gold Corp reported Q4 earnings beat, strong partnerships, and strategies. Adjusted EPS beats consensus. Cash and cash equivalents at $4.15B. New share buyback program authorized.
What’s Going On With Broadcom Shares Wednesday?
Broadcom and Google Cloud partner to support license portability of VMware Cloud Foundation to Google Cloud VMware Engine.