Tag: Machinery
Ozempic maker Novo Nordisk reports 62% surge in profit
Novo Nordisk on Wednesday said its fourth-quarter profit surged by nearly two-thirds, driven by the popularity of its weight-loss drugs that have made it Europe’s [Read more about this post…]
Red Sea disruption forces retailers to rethink back-to-school, holiday shipments
The disruption caused by Houthi attacks on cargo ships in the Red Sea is forcing U.S. retailers to rethink how back-to-school and holiday shipments are [Read more about this post…]
Bloom Energy’s stock wilts after BofA’s ‘sell’ call
Shares of Bloom Energy Corp. sagged Monday toward their worst monthly performance in nearly two years after BofA Securities turned bearish on the hydrogen manufacturer, [Read more about this post…]
Abbott Labs’ Q4 sales top estimates amid strong medical-device demand
Abbott Laboratories’ stock ABT, -0.17% fell 2% premarket on Wednesday after the healthcare-products company reported fourth-quarter sales that topped expectations amid strength in its medical-device [Read more about this post…]
Baker Hughes fourth-quarter profit jumps amid revenue growth
Baker Hughes BKR, +1.78% said profit jumped in the latest quarter, boosted by a stronger topline performance. The energy technology company on Tuesday posted a [Read more about this post…]
Stock-market earnings unlikely to go ‘unscathed’ in slowdown, warns Wells Fargo
Investors in the U.S. stock market should “maintain a defensive posture,” as company earnings risk falling under “near-term pressure,” according to Wells Fargo Investment Institute. [Read more about this post…]
What’s driving solar-energy stocks Canadian Solar, SunRun, Enphase Sunnova
Canadian Solar Inc.’s stock led gains among four solar power companies in the spotlight on Tuesday as it disclosed a $500 million investment from BlackRock [Read more about this post…]
GE’s stock suffering biggest selloff in 20 months after profit outlook misses
Shares of General Electric Co. GE, +1.09% pulled back sharply Tuesday, after the aerospace, power and renewable-energy company’s disappointing profit outlook for the current overshadowed [Read more about this post…]
SolarEdge to lay off 16% of its workforce as part of cost-cutting plan
SolarEdge Technologies Inc. on Sunday said it will lay off about 16% of its workforce, about 900 employees, as part of a restructuring to slash operating [Read more about this post…]
Cost cutting may see profit margins rising again in 2024
After higher costs and shaky consumer demand caught up with corporate America last year, Wall Street now expects corporate profit margins to rebound through the [Read more about this post…]
