Two-wheeler manufacturers shared their sales numbers for the first month of 2023 revealing some lacklustre sales performances by the some major brands. Names such as Bajaj, Hero and Honda 2 Wheelers saw sales decline year-on-year while EV manufacturer Ather continued to see its sales climb. Hero MotoCorp (Sales decline 6 per cent) India’s largest … Read more
Starbucks Corp.’s first-quarter results failed to meet Wall Street estimates because of weakness in China, and the company’s stock fell sharply in extended trading Thursday. Starbucks SBUX, -0.76% shares dropped more than 3.5% after hours, after falling less than 1% in the regular session to close at $109.15. The company said that while global same-store … Read more
Production issues in China seemed to impact Apple far more than expected in the holiday quarter, as the consumer-electronics giant delivered a miss for its iPhone category after the close of Thursday trading. Apple’s iPhone revenue fell to $65.8 billion in the fiscal first quarter from $71.6 billion a year before, whereas analysts tracked by … Read more
Align Technology Inc. shares rallied Thursday, making one of the worst stocks of 2022 among the best of 2023 so far. Align ALGN, +25.37% surged as much as 30% to an intraday high of $368.87, making it the best-performing stock on both the S&P 500 SPX, +0.98% and the Nasdaq 100 NDX, +2.84% Thursday, with … Read more
By Cecilia Butini Roche Holding AG reported sales growth in 2022, but said it expects a decrease in sales for 2023 due to a drop in the sale of Covid-19 products. The Swiss pharma major posted sales of 63.28 billion Swiss francs ($69.65 billion) for the full year 2022, up from CHF62.80 billion in 2021 … Read more
Costco Wholesale Corp. shares ticked higher in the extended session Wednesday after the warehouse club reported rising sales during January, even with a headwind from an earlier Lunar New Year this year. Costco’s COST, +1.32% January sales rose 6.9% to $16.84 billion, up from $15.76 billion a year ago. For the 22 weeks ending Jan. … Read more
Ron DeSantis, the governor of Florida and a likely 2024 candidate for president, delivered on an earlier promise Wednesday when he said new gas stoves — in fact, all gas appliances — should be exempt from his state’s sales tax. DeSantis rolled out the first budget of his second term, and among the proposed breaks for taxpayers is … Read more
Meta Platforms Inc. shares soared in late trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta META, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion … Read more
As the first month of the new calendar year comes to an end, car manufacturers in India have started posting their sales numbers for January 2023. While some are still struggling due to the global supply chain issue, most carmakers have reported a double-digit rise in volume. And here’s a brief look at how the … Read more
By Dominic Chopping Danish pharmaceutical company Novo Nordisk AS on Wednesday raised its dividend and launched a new 28 billion Danish kroner ($4.09 billion) share buyback after fourth-quarter earnings beat expectations amid strong demand for its diabetes care and obesity treatments. Net profit in the fourth quarter rose to DKK13.59 billion from DKK10.89 billion, beating … Read more