GE’s quarterly profits came in ahead of Wall Street’s expectations and the manufacturer raised its earnings goals for the full year.
General Electric Co. reported stronger profits as cost cutting offset lower-than-expected sales of its industrial equipment in the September quarter.
Revenue increased in the company’s jet engine business as travel rebounded from the start of the pandemic, but sales declined in its healthcare business fromTo Read the Full Story
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Facebook Sales Miss Q3 Forecasts as Growth Slows on iPhone Privacy ChangeFacebook’s torrid revenue growth was tempered by Apple’s new ad-tracking restrictions in iOS 14.5 — but the social giant still raked in a ton of money and posted profits that topp…
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HSBC announces surprise 74% rise in profits and $2 billion buybackHSBC Holdings reported a 74% rise in third quarter profit, beating market expectations, as the Asia-focussed bank released cash set aside for expected bad loans that have not materialised.
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Facebook shares rise as investors focus on earnings beat and buyback over revenue miss and outlookFacebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.'
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Facebook Profits Rise Amid Revelations From Leaked DocumentsThe social media network's net income grew 17% in the July-September period to $9.19 billion, buoyed by strong advertising revenue, up from $7.85 billion a year ago.
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Facebook shares rise as investors focus on earnings beat and look past whistleblower document dumpFacebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates.
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Tesla's China sales have grown to nearly half the company's sales in the U.S.Tesla reported sales of $3.11 billion in China in the third quarter, or 48.5% of the $6.41 billion U.S. sales during that time, according to a filing.
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