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Tag: Q4 profit

06Feb

Microchip Tech flags weak Q4 profit, stoking fears of broader chip slowdown

Chipmaker Microchip Technology forecast fourth-quarter profit below Wall Street estimates on Thursday, raising concerns about the impact of a memory-supply crunch on the wider semiconductor industry. Shares of the Chandler,…
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29Jan

Norfolk Southern Q4 profit rises on cost cuts despite weak freight demand

Norfolk Southern reported a rise in fourth-quarter profit on Thursday on cost controls amid uneven freight demand and persistent macroeconomic strain. The results come after the U.S. Surface Transportation Board…
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29Jan

Ameriprise Q4 Profit Jumps 10% as AI Rally Lifts Assets to Record High

Asset and wealth manager Ameriprise Financial reported a 10% rise in its fourth-quarter profit on Thursday, as an ​artificial intelligence-fueled market rally boosted the value of ‌its fee-generating assets to…
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29Jan

Mastercard Q4 profit jumps on strong consumer spending

Mastercard posted a rise in fourth-quarter profit on Thursday, as sustained consumer spending drove ​up its transaction volumes. Household spending has remained resilient despite tariff-fueled ‌uncertainty, as consumers continue to…
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29Jan

Boeing returns to Q4 profit on digital unit sale, higher jet deliveries

Seattle: Boeing swung to a fourth-quarter profit on Tuesday, driven by the sale of its digital aviation services provider, as well as rising jet output and stronger deliveries. Losses in…
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26Jan

Baker Hughes Q4 Profit Rises 11% on Strong Gas Tech Demand

Houston: Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in…
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21Jan

Travelers tops Q4 profit estimates on strong underwriting and investment gains

Property and casualty insurance giant Travelers beat Wall Street estimates for fourth-quarter profit on Wednesday, driven by stronger underwriting performance and higher investment returns. Insurance spending has stayed resilient despite…
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21Jan

Truist Q4 Profit Rises on Higher Interest Income and Investment Banking Fees

Truist Financial reported a rise in fourth-quarter profit on Wednesday, helped by higher interest income and fees from ​its investment banking businesses. Shares of the Charlotte, North ‌Carolina-based bank fell…
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16Jan

BlackRock Q4 profit beats estimates as assets hit record $14 trillion

BlackRock's fourth-quarter profit surged past ​Wall Street estimates on Thursday while a rally in markets boosted fee income and lifted the company's assets under management to ‌a record $14 trillion.…
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