Ever since Google was founded in 1998, search has been the core of the company’s identity. For much of that time, search has also been the engine (no pun intended) driving Google’s business. On Wednesday, that began to change. The company’s cloud computing business was the undisputed star of parent company Alphabet’s first-quarter earnings, posting…
Microsoft shares slipped 2% on Wednesday after the software maker reported lower-than-expected capex even as earnings and revenue topped estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.27 adjusted vs. $4.06 expected Revenue: $82.89 billion vs. $81.39 billion expected Microsoft’s revenue grew 18% year over year in the quarter,…
Meta Platforms is set to report first quarter of 2026 earnings on Wednesday, and investors will have a gimlet eye on capital expenditures. Capex is expected to rise to between $115 billion and $135 billion this year as Meta focuses on its Superintelligence Labs. However, a batch of SEC filings also indicate Meta is betting…
With Mark Zuckerberg counting on Meta’s new artificial intelligence model, Muse Spark, to revive his company’s standing in the booming AI market, guidance and commentary are going to be of heightened importance following first-quarter earnings on Wednesday. That’s because the new model, formerly codenamed Avocado, was unveiled in early April, just as the second quarter…
File: Visitors pass an Airbus SAS A320 aircraft on the second day of the Farnborough International Air Show in Farnborough, U.K., on Tuesday, July 10, 2012. Matthew Lloyd | Bloomberg | Getty Images Airbus reported quarterly profits that halved from a year ago late Tuesday, as deliveries of its best-selling aircraft slowed. First-quarter sales came…
Sebastien Bozon | Afp | Getty Images The last time tech’s hyperscalers addressed Wall Street, three months ago, they announced plans to collectively spend well over half a trillion dollars this year to build out their artificial intelligence infrastructure. That was before the U.S. invaded Iran, causing oil prices to spike, and leading to a…
The Intel logo is displayed on a sign in front of Intel headquarters on Jan. 22, 2026 in Santa Clara, California. Justin Sullivan | Getty Images Intel shares soared more than 20% on Friday as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock was up 22% as of early…
Roche reported falling sales in the first three months of the year, as the strength of the Swiss franc and generic competition for some of its older drugs weighed on the drugmaker. First-quarter sales came in at 14.7 billion Swiss francs ($18.7 billion), down 5% year-on-year — but up 6% on a constant currency basis….
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images South Korean memory chip giant SK Hynix posted yet another quarter of record profit and revenue on Thursday, as prices for its products continue…
Southwest Airlines Co. reported adjusted quarterly profit and revenue that fell just shy of Wall Street’s expectations, as the US carrier joins rivals in grappling with higher fuel costs. Shares in the Dallas-based airline extended losses in aftermarket trading after Southwest declined to update its full-year profit guidance of at least $4 a share, underscoring the volatility…