3M Says Business Is Improving, Boosts Earnings Guidance
Updated Oct. 24, 2023 1:05 pm ET3M boosted its earnings forecast after a stronger-than-expected quarter, saying efforts to improve performance...
Earnings Projections
GM Scales Back EV Plans as Buyers Hesitate
Updated Oct. 24, 2023 12:28 pm ETGeneral Motors is abandoning a self-imposed target to build 400,000 electric vehicles by mid-2024,...
Roku Cutting 10% of Staff to Rein In Rising Expenses
The streaming platform also projected fiscal third-quarter results ahead of its prior guidance. Source link
Warner Bros. Cuts Profit Outlook as Hollywood Strikes Drag On
It is now targeting full-year adjusted earnings, before interest, taxes, depreciation and amortization, of $10.5 billion to $11 billion, down...
SoftBank Chip Unit Arm Files for an IPO Likely to Be 2023’s Biggest
Arm raised lofty expectations for its business overall but faces near-term market challenges. Source link
Estée Lauder’s Big Bet on China Is Looking Not So Pretty
Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China...
Space Companies Struggle to Meet Lofty Goals
Newer industry players are cutting jobs, trimming spending and reining in plans. Source link
Maaco, Meineke Owner Is Hit by Rising Car-Wash Competition
Driven Brands entered the car-wash business line in 2020, and it is now its third-largest segment by revenue. Source link
Uber’s Business Is Finally Making Money After Years of Losses
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Meta Sees Ad Business Rebound but Warns of Higher Spending in Metaverse
The Facebook parent posted its highest quarterly sales growth in more than a year as demand for digital advertising gets...
GM Again Lifts Its Profit Outlook, Plans More Cost Cuts
The automaker says buyers are willing to pay for pricier models and features. Source link
TSMC Delays Start of First Arizona Chip Factory, Citing Worker Shortage
What to Read Next Source link
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link
WSJ News Exclusive | Janet Yellen Sees Bank Earnings Pressure, Mergers After March Crisis
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Warner Bros. Discovery Sees Streaming Profits Sooner Than Expected
Despite the success of its streaming business, the media company’s revenue fell in the first quarter. Source link
GM Raises 2023 Profit Outlook, Kills Off Chevy Bolt EV
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3M to Cut 6,000 Jobs in Second Round of Layoffs This Year
The company also reported lower income and sales for the first quarter. Source link
Samsung Forecasts Worst Profit in Over a Decade as Tech Slump Hits Memory Chips
TechSouth Korean firm said it would cut memory-chip production, joining rivals in addressing supply glut Source link
FedEx Raises Earnings Outlook Despite Shipping Slowdown
BusinessEarningsShares rise as delivery company said cost cuts and higher shipping rates boosted Ground, Freight divisions Source link
Wendy’s Targets Sales Growth Amid Restructuring
BusinessEarningsFor 2023, fast-food company expects global systemwide sales to grow 6% to 8% Source link
