Tesla Inc. CEO Ilon Musk expects the company’s deliveries to be below the vehicle delivery targets this year. At the same time, he downplays concerns about demand after the company's earnings did not meet Wall Street expectations.
IBM Corp's quarterly earnings results on Wednesday beat expectations, and company officials said they expect to beat full-year revenue growth targets as strong demand for the company's digital services helps offset the effects of a stronger dollar.
This week, about 60 companies included in S&P 500 index are going to present their earning reports. Three of these companies’ reports – Tesla, Procter & Gamble, and International Business Machines (IBM) – may have a great impact on the market, starting today.
Major design software maker Adobe Inc. reaffirmed its forecast for the current quarter, even though expected revenue for 2023 came in below analysts' estimates.
After Netflix released its third-quarter earnings report, which beat earnings and revenue forecasts, while the number of subscribers also beat expectations, Netflix's stock price rose in after-hours trading.
As Axios reported on Tuesday, Microsoft has made about 1,000 job cuts across multiple divisions this week. This puts it on a par with other American tech companies that are cutting jobs or putting hiring on pause due to a global downturn in the economy.
The Tesla company became a leader in the number of battery-electric vehicles registered in Germany during a period of the first nine months of the current year.
On Monday, Bank of America Corp (BofA) representatives announced that its quarterly profit decreased less than expected 9% in view of interest rate growth, which supported the bank’s interest income and compensated a decline in investment banking.
On Tuesday, Oct. 18, Netflix Inc. is expected to report for the third quarter of 2022. The company's subscriber growth forecast will be in the spotlight as the streaming leader launches a new ad-supported plan to compete with other industry giants.
Before the market opens, Bank of America will report on what it was able to accomplish during the third quarter.
