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Industrial production rises strongly; homebuilding tumbles

WASHINGTON (Reuters) - U.S. industrial production increased solidly in April amid an acceleration in manufacturing and mining output, the latest indication that the economy was gathering momentum early in the second quarter......»»

Category: topSource: reutersMay 16th, 2018

Inside the Chinese town, where half of the world"s iPhones are produced

Half of the world's Apple iPhone production takes place at a sprawling Foxconn complex in Zhengzhou, China.....»»

Category: topSource: moneycentralMay 9th, 2018

Tesla beats earnings expectations, cuts expenses and promises profits

Tesla’s first-quarter loss was narrower than expected and sales were higher, and to sweeten the pot the company kept its goals for Model 3 production, cut 2018 expense projections, and said it expects to turn a profit in the second half of the year......»»

Category: topSource: marketwatchMay 2nd, 2018

Apple"s $100 billion stock buyback overshadows iPhone

Apple Inc on Tuesday beat revenue and profit expectations in its March quarter as it sold 52.2 million iPhones, barely below Wall Street targets and showing some resilience as global demand for smartphones wanes......»»

Category: topSource: moneycentralMay 1st, 2018

Apple sold only 3% more iPhones last quarter, but profit soared

The iPhone X hasn't led to a boom in the number of phones Apple is selling, but it has kept the company's money-making machine going at full tilt......»»

Category: topSource: moneyMay 1st, 2018

Allergan Tumbles on 1st Quarter Results

Allergan beat consensus on revenues and non-GAAP net profit per shareRelated Stocks: AGN,.....»»

Category: worldSource: nytMay 1st, 2018

Exxon stock tumbles as quarterly profit falls short

Exxon is reporting first-quarter earnings of $4.65 billion, coming up just short of expectations despite rapidly rising crude prices. .....»»

Category: topSource: moneycentralApr 27th, 2018

Exxon stock tumbles as quarterly profit falls short

Exxon is reporting first-quarter earnings of $4.65 billion, coming up just short of expectations despite rapidly rising crude prices. .....»»

Category: topSource: moneycentralApr 27th, 2018

Chevron (CVX) Up on Q1 Earnings Beat, Production Growth

Chevron (CVX), one the world's largest publicly traded oil producers, easily beat first-quarter profit forecasts as oil prices rose. An Earnings Beat:U.S. energy giant Chevron Corporation CVX reported earnings per share of 1.90, high.....»»

Category: smallbizSource: nytApr 27th, 2018

Chevron"s profit beats expectations on rising crude prices

U.S. oil producer Chevron posted a better-than-expected first-quarter profit Friday, thanks to rising crude prices and production......»»

Category: topSource: moneycentralApr 27th, 2018

Airbus Cuts Production Plans for A330 Jet

Airbus is throttling back output of one of its long-range planes amid weak demand, while struggling to deliver enough of its most popular smaller jets. It posted a 31% fall in first-quarter profit......»»

Category: smallbizSource: wsjApr 27th, 2018

Airbus cuts A330 output, first-quarter profit capped by engine delays

PARIS (Reuters) - Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets......»»

Category: topSource: reutersApr 27th, 2018

ConocoPhillips profit tops estimates on rising oil prices, cost cuts

HOUSTON (Reuters) - ConocoPhillips , the world's largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices and cost cuts......»»

Category: topSource: reutersApr 26th, 2018

GM"s Profit Sinks on Restructuring, Other Costs

GM’s first-quarter net income sank 60% amid hefty restructuring costs in South Korea and lost production in the U.S. from planned factory downtime......»»

Category: smallbizSource: wsjApr 26th, 2018

GM quarterly profit falls but beats Wall St estimates

DETROIT (Reuters) - General Motors Co on Thursday reported a lower first-quarter net profit as it began the changeover to a redesigned family of high-margin pickup trucks that resulted in lower production, but came in above Wall Street expectations......»»

Category: topSource: reutersApr 26th, 2018

Shell profit soars on stronger oil prices

LONDON (Reuters) - Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production......»»

Category: topSource: reutersApr 26th, 2018

Why Schlumberger’s Earnings Beat Isn’t Helping the Stock

Oilfield services firm Schlumberger beat both profit and revenue estimates in the first quarter, but the CEO's comments on challenges to U.S. production growth have made investors cautious......»»

Category: blogSource: 247wallstApr 20th, 2018

Apple rides iPhone profits to become the most profitable global brand in Q4

Apple remained the most profitable brand capturing 86% of total handset market profits. iPhone X alone generated 35% of the total handset industry profit in fourth quarter of 2017.....»»

Category: topSource: business-standardApr 18th, 2018

Pretium Resources Tumbles on 1st-Quarter Production

Miner expects a meaningful improvement in gold output in the 2nd quarterRelated Stocks: PVG, GDX,.....»»

Category: blogSource: gurufocusApr 15th, 2018

The Wall Street Journal: Apple to stress cheaper screens as buyers balk at high iPhone X price tag

Apple is developing production plans for its next iPhones that stress cheaper liquid-crystal displays, in a sign of consumers’ sensitivity to the price of smartphones......»»

Category: topSource: marketwatchJun 15th, 2018