Tag: Content Types

Posco Holdings 2022 Net Profit Fell 51%, Below Market Consensus — Earnings Review

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By Kwanwoo Jun Posco Holdings Inc. reported its 2022 results Friday. Here’s what we watched: NET PROFIT: The South Korean steelmaker’s net profit fell 51% to 3,560 trillion won ($2.89 billion) in 2022. REVENUE: For the full year, revenue rose 11% to KRW84,750 trillion, while operating profit fell 48% to KRW4,850 trillion, largely in line …

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Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon

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Intel Corp. ended 2022 with its worst financial results since the dot-com bust more than 20 years ago, thanks to a double whammy of a downturn in both PCs and data centers that isn’t going to turn around anytime soon. Intel’s INTC, +1.31% annual earnings fell more than 60% in 2022, and revenue for the …

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Visa’s 1Q Earnings, Revenue Beat Market Expectations — Earnings Review

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By Sabela Ojea Visa Inc. reported earnings for the first quarter of fiscal 2023 on Thursday. Here’s what you need to know: –REVENUE: Revenue for the three months ended Dec. 31, 2022 rose to $7.94 billion from $7.06 billion a year earlier. Revenue was expected to rise to $7.70 billion, according to FactSet. –ADJUSTED EARNINGS …

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Why Comcast’s killer internet performance is actually the ‘sweet spot’

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Maybe it’s a good thing that Comcast Corp. didn’t reignite its broadband business during the latest quarter. That’s the view of MoffettNathanson analyst Craig Moffett in the wake of Comcast’s CMCSA, +0.80% latest earnings report, which showed a net loss of 26,000 broadband subscribers during the fourth quarter, or a net gain of 4,000 when …

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How Earnings Season Is Setting Up Stocks for a ‘Bear Market Trap’

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Text size Earnings reports for the most part have been upbeat, but stocks have had a muted reaction. That could just set the stage for another market to drop soon. Angela Weiss/AFP/Getty Images Stock performance has been “ho-hum” after earnings reports, and that’s not great news for a market that was set up for easy …

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This Options Strategy Can Help You Outpace the Market

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Text size CH Robinson Worldwide, a freight transportation and logistics company, was just added to the S&P 500 Dividend Aristocrats Index, Dreamstime Most people are rational in their non-financial lives. They don’t believe in leprechauns or expect to throw a football like Tom Brady, write poetry like TS Eliot, sing like Nina Simone, or cook …

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Boeing Still Can’t Turn a Profit. The Stock Is Dropping.

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text size It was the second consecutive quarter in which Boeing has generated positive free cash flow. Logan Cyrus/Getty Images Boeing appears to have turned the cash flow corner. That’s good news, but the company still couldn’t turn a profit, as earnings missed expectations once again, which sent the stock lower in Wednesday trading. Boeing …

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ASML Sees Chip Market Rebound, Says China Controls Aren’t Hurting Business

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Text size ASML’s lithography machines are key equipment to produce the most advanced semiconductors. Emmanuel Dunand/AFP via Getty Images ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry amid efforts by the US to …

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Tesla Expands Gigafactory in Nevada, Stock Drops

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text size Tesla is expanding its footprint in Nevada, making more batteries and making its new semi-truck. Patrick T. Fallon/AFP via Getty Images You’re here had to cut prices recently to increase demand, but that isn’t stopping it from expanding its manufacturing capacity at its Gigafactory in Nevada. Investors should be pleased, although they might …

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ASML Profit Tops Expectations. It Sees a Chip Market Rebound.

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Text size ASML’s lithography machines are key equipment to produce the most advanced semiconductors. Emmanuel Dunand/AFP via Getty Images ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, after it beat analysts’ expectations for …

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