Shares of industrial conglomerate 3M (NYSE:MMM) fell 4.2% in the afternoon session after the company reported second-quarter earnings that, despite beating expectations on an adjusted basis, revealed underlying concerns for investors. The company posted strong adjusted second-quarter results, beating analyst estimates for both earnings and revenue, and even raised its full-year profit forecast. 3M reported…
Vertiv Rides AI Boom To 26% Sales Growth, But Stock Slips On Mixed Outlook Vertiv Holdings Co (NYSE:VRT) shares are trading lower after the company reported fourth-quarter results. Net sales rose 26% year-over-year to $2.346 billion, beating the consensus of $2.151 billion. Organic orders (excluding FX) for the TTM ended December 2024 rose ~30% YoY, led by strong demand in the hyperscale…
Total Revenue: $14.1 billion, up 9% from last year. Cloud Revenue: $5.9 billion, up 24%. SaaS Revenue: $3.5 billion, up 10%. IaaS Revenue: $2.4 billion, up 52%. Cloud Services and License Support: $10.8 billion, up 12%. Infrastructure Subscription Revenues: $6 billion, up 17%. Operating Income: Grew 10%, with an operating margin of 43%. Non-GAAP EPS:…
Operating Cash Flow: Record $6.3 billion in Q3. Automotive Revenue: Growth both quarter-on-quarter and year-on-year. FSD Revenue: $326 million from Cybertruck and other features. Regulatory Credits Revenue: Over $2 billion year-to-date. Automotive Margins: Improved quarter-over-quarter. Energy Margins: Record at more than 30% in Q3. Operating Expenses: Declined quarter-over-quarter and year-on-year. CapEx: $3.5 billion in Q3,…
STORY: Wall Street’s main indexes closed lower on Tuesday, as chip stocks tumbled and the energy sector slid along with oil prices. The Dow and S&P 500 each shed three-quarters of a percent, and the Nasdaq dropped one percent. The energy index finished down 3% for its biggest one-day percentage decline since early October 2023…
By Allison Lampert, David Shepardson (Reuters) -Boeing will cut 17,000 jobs, delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. Boeing CEO Kelly Ortberg said in a message to employees that the company…