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Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%
Uber Technologies Inc reported a $1 billion loss and a 20% rise in revenue on Thursday in its first quarterly report as a public company, in line with the ride-hailing service's forecasts......»»
IC Insights raises semiconductor capex growth forecast for 2018
IC Insights has revised upward its semiconductor industry capex growth forecast for 2018 to 14% from 8%. The industry capital spending is also forecast to exceed US$100 billion for the first time in 2018, according to the research firm......»»
Memory IC to account for 53% of total 2018 semi capex, says IC Insights
Total semiconductor capital expenditures are forecast to rise to US$102.0 billion in 2018, the first time that the industry spends more than US$100 billion on capex in one year, according to IC Insights......»»
Black Hills Corp. Reports Third Quarter 2018 Results and Provides Earnings Guidance Updates
Quarterly dividend increased 6.3 percent to $0.505 per share from $0.475 per share Capital investment forecast for 2018 to 2022 increased by $208 million to $2.54 billion Lower end of guidance increased for 2018 EPS from continuing operations, as adjuste.....»»
Mast Capital, AvalonBay complete Coral Gables apartments (Photos)
The 20-story building is near the Coral Gables/Miami city line......»»
McDonald"s Stock Faces Death Cross, And Investors Aren"t Loving It
McDonald's expects its fiscal 2024 operating margin to fall in the mid-to-high 40% range with capital expenditure of up to $2.7 billion. Late.....»»
RA Capital sues ChemoCentryx after biotech company"s $3.9 billion sale to Amgen
The suit comes 19 months after the Peninsula biotech company was sold to Amgen for $3.9 million......»»
King of Prussia e-commerce firm selling division, warns of potential employee impact
Radial's roots trace back to GSI Commerce, a company founded by Main Line entrepreneur Michael Rubin that sold to eBay for $2.4 billion in 2011......»»
Seplat"s $1.28B Asset Deal with Exxon Gets Regulatory Boost: Report
The Exxon-Seplat asset sale in Nigeria could be approved within two weeks, ending a two-year delay since the $1.28 billion deal was signed. This will inject capital into Nigeria's oil industry and boost oil output. read more.....»»
Consumer Goods Company Church & Dwight Predicts Weaker Bottom-Line For Q2 With Moderate Gross Margin Expansion
Church & Dwight exceeds expectations with a 5.1% year-on-year sales surge in Q1 FY24, reaching $1.50 billion, outpacing analyst projections. read more.....»»
Barrick Gold Maintains FY24 Outlook Despite Q1 Production Miss
Barrick Gold reported first-quarter revenue of $2.747 billion (+4% Y/Y), which is in line with the consensus. Gold production stood at 940 thousand ounces (-1% Y/Y), and gold sales were 910 thousand ounces (-5% Y/Y). read more.....»»
Philips delivers first-quarter results in line with 2024 performance improvement plan; Resolves the Respironics personal injury and medical monitoring litigation in the US for USD 1.1 billion
April 29, 2024 First-quarter highlights Group sales amounted to EUR 4.1 billion, with comparable sales growth of 2.4% Comparable order intake -3.8%, mainly du.....»»
One of the world"s biggest cities is sinking, so they"re spending $35 billion to build a new capital from scratch. Take a look at Nusantara.
Rising sea levels are threatening to swamp Jakarta, Indonesia's biggest city, so authorities are building a new capital called Nusantara. Construction is underway on Nusantara.Firdaus Wajidi/Anadolu/Getty ImagesIndonesia plans to reloc.....»»
Gene Munster Applauds Sundar Pichai"s $100B Revenue Projection For Google Parent Alphabet: A Sign Of "Entering A New Growth Phase"
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai has projected that the company’s YouTube and Cloud businesses will generate a combined revenue of $100 billion by 2024. What Happened: The forecast was made.....»»
Space company quietly sets up Denver-area satellite, solar factories and adds hundreds of jobs
The business has won more than $1 billion in work for a line of business that just came out of stealth mode this year......»»
Meta"s AI plans are costing way more than they thought
Meta's was off by at least $5 billion in capital expenditures and $2 billion in projected total expenses for 2024. Meta's Q1 earnings report reveals it underestimated the cost of AI.Matt McClain/T.....»»
Humana Boosts Medicare Advantage Membership 2024 Forecast As Q1 Earnings Performance Exceeds Expectations
Humana reports Q1 adjusted EPS of $7.23, surpassing expectations. Revenues rise to $29.33 billion driven by Medicare premiums and Advantage membership growth. Guidance reaffirms confidence in future earnings. read more.....»»
NY"s latest offshore wind setback takes $300M off the table for Albany area
As part of three now-canceled offshore wind projects, the Capital Region had been line for funding to construct manufacturing facilities......»»
Microsoft has 17% upside potential and upcoming earnings will show strong AI-driven growth, Bank of America says
Bank of America raised Microsoft's earnings estimate by 1% above its $60.5 billion Q3 revenue forecast, citing sustained Azure strength. Drew Angerer/Getty Images Bank of America raised its Microsoft earni.....»»
N.C. State Lottery Commission: Sports betting hits $659M in first month
First-month receipts totaled $659 million, putting North Carolina ahead of pace to reach a first-year forecast of $3.9 billion in wagers......»»