Ocado Sees Further Revenue Growth Supported by Volumes

[ad_1] Ocado Group said it expects revenue to further increase in fiscal 2024 supported by volume growth after a record Christmas performance. The online grocer and retail-technology specialist on Tuesday…

JPMorgan Posts Record Annual Profit Despite Quarterly Slip

[ad_1] Updated Jan. 12, 2024 8:00 am ET JPMorgan Chase’s fourth-quarter profit slipped, but it was still enough to push the bank to a record-breaking result for the full year.…

Samsung Electronics Forecasts Weaker Fourth-Quarter Operating Profit

[ad_1] Samsung Electronics expects its fourth-quarter operating profit to fall 35% from a year earlier, missing market expectations and dampening hopes for an earnings recovery led by its semiconductor business.…

The Stock Rally Has Stalled. Now Comes Earnings Season

[ad_1] Updated Jan. 7, 2024 12:02 am ET After a recent pullback in stocks, investors are looking to the coming earnings season for clarity on companies’ growth prospects. U.S. stocks…

Sodexo Backs Forecast After 1Q Revenue Growth

[ad_1] Sodexo posted an increase in revenue for the first quarter and said it is on track to meet its fiscal 2024 targets. The French catering and food service company…

Next PLC Hikes Profit Forecasts Again After Strong Christmas Performance

[ad_1] Next PLC raised its pretax profit guidance after sales in the pre-Christmas business period were better than it expected. The fashion retailer—which is seen as a bellwether for the…

Tesla Faces a Higher Bar for Hype in 2024

[ad_1] Tesla shares had a stellar 2023, in large part because they had such a dismal end to 2022. By the same logic, this year could be tough for the…

Pfizer Warns 2024 Revenue Could Fall, Weighed Down by Soft Demand for Covid Products

[ad_1] Updated Dec. 13, 2023 10:16 am ET Pfizer shares tumbled Wednesday morning after the company said revenue could fall next year and issued 2024 guidance below analyst expectations. Shares…

JetBlue Airways Lifts 4Q Forecasts on Strong Holiday-Travel Demand

[ad_1] JetBlue Airways lifted its outlook for fourth-quarter sales, saying that demand for travel is holding up and bookings have accelerated into the holidays. The airline is forecasting a 4%…

GM’s $10 Billion Apology

[ad_1] Nov. 29, 2023 12:58 pm ET General Motors’ much-trumpeted technology bets haven’t worked out well lately. Ironically, that is one reason it can afford to score an easy goal…