On Thursday, shares of H&M, the Swedish fashion retail powerhouse, experienced a significant drop of over 5%. This decline was a direct response to the company’s failure to meet sales forecasts for the fourth quarter, which prompted worries among investors. According to the results, H&M generated sales of 62.19 billion Swedish krona during the last
Earnings
Norway’s Government Pension Global Fund, known as the world’s largest sovereign wealth fund, reported a remarkable full-year profit of 2.5 trillion kroner (approximately $222.4 billion) for 2024. This impressive financial outcome reflects the fund’s robust engagement in the global stock market, spurred primarily by a booming technology sector. By the close of the year, the
In an unexpected turn of events, JetBlue Airways experienced a dramatic decline in its shares, plunging over 25% on Tuesday—the most significant single-day drop since the airline’s public debut more than 20 years ago. This startling slump can be attributed to a disheartening financial outlook that has raised alarms among investors. As a leading airline
On Monday, Ryanair, Europe’s leading low-cost airline, unveiled an impressive after-tax profit of 149 million euros ($155.8 million) for the December quarter, surpassing market expectations by a significant margin. Analysts had predicted a more conservative profit estimate of merely 60 million euros for this period. The airline’s ability to exceed these forecasts can be attributed
Twilio, the renowned cloud communications platform, experienced a staggering 20% increase in its share price on a recent Friday—an event reminiscent of its performance during the pandemic’s early days. Closing at $136.23, it’s clear that investors have regained confidence in the company, marking its peak closing value since 2022. This resurgence can be attributed to
The notable decline in Electronic Arts (EA) stock has sent shockwaves through the gaming industry, marking one of the largest downturns for the company in over two decades. Factors behind this steep fall, primarily linked to a reduction in earnings expectations, highlight significant challenges the publisher faces, especially within its flagship soccer franchise. As the
In a significant revision of its financial projections, Electronic Arts (EA) has reduced its full-year bookings guidance, attributing this downturn to the disappointing performance of several gaming titles, particularly within its revered soccer franchise, EA Sports FC. The company’s stock was quick to respond, plummeting 7% in after-hours trading as investors reacted to the news.
Goldman Sachs is poised to unveil its fourth-quarter earnings report on Wednesday morning, a development that has garnered significant attention from investors and analysts alike. As market players speculate about the financial giant’s performance, estimates indicate earnings of approximately $8.22 per share and revenues around $12.39 billion, in line with data from LSEG. Particularly noteworthy
Taiwan Semiconductor Manufacturing Company (TSMC) has once again demonstrated its dominance in the semiconductor landscape with remarkable fourth-quarter results for 2024. The firm registered a net revenue of 868.46 billion New Taiwan dollars (approximately $26.36 billion), surpassing analyst predictions of NT$850.08 billion. A significant driver of this growth is the unprecedented demand for advanced chips,
In a remarkable performance that caught the attention of market analysts, Morgan Stanley has reported its fourth quarter earnings that not only surpassed expectations but painted a vibrant picture of resurgence in various financial sectors. The financial giant disclosed earnings of $2.22 per share, significantly exceeding the LSEG estimate of $1.70, while total revenue reached