United Airlines Reports Fourth-Quarter Earnings Exceeding Expectations
United Airlines Holdings Inc. (UAL) has reported fourth-quarter earnings of $600 million, exceeding Wall Street expectations. The Chicago-based company announced that it had net income of $1.81 per share, with adjusted earnings of $2 per share, surpassing the average estimate…
Sharekhan Recommends Buy Rating on Reliance Industries with Target Price of Rs 3130
Sharekhan, a prominent brokerage firm, has expressed a bullish outlook on Reliance Industries, recommending a buy rating on the stock with a target price of Rs 3130 in its recent research report dated January 19, 2024. The report, issued on…
Kinder Morgan Set to Release Q4 Earnings Amidst Mixed Investor Sentiment
Kinder Morgan, Inc. (NYSE:KMI) is set to release its fourth-quarter results on January 17th, after the market closes. The Houston-based company is expected to report a quarterly EPS of $0.30, reflecting a 3.2% year-over-year decrease, and a revenue of $4.4…
Tesla Ramps Up Production Despite Concerns About CEO Elon Musk’s Behavior
Recent reports have indicated that Tesla is ramping up its production, despite ongoing concerns about CEO Elon Musk’s behavior. The company has been making strides in increasing its output, particularly with the Model 3, as it aims to meet growing…
Mixed Results in Stock Market with Weekly Gains Despite Turbulence in Airline Industry
The stock market closed with mixed results on Friday, with major U.S. indexes recording weekly gains despite the turbulence in the airline industry. The Dow Jones Industrial Average closed at 37,592.98 points, marking a 0.31% decrease, while the S&P 500…
Major Banks’ Earnings Hit by Regional Banking Crisis Fallout
Bank earnings are taking a hit this quarter, and the recent financial reports from major banks like JPMorgan Chase, Bank of America, and Citigroup have left analysts and investors puzzled. JPMorgan Chase, the largest US bank by assets, reported a…
Walgreens slashes quarterly dividend, stock falls over 11%
Walgreens stock took a hit as the drugstore chain announced a significant cut to its quarterly dividend. The company’s shares fell more than 11% after reporting fiscal first-quarter adjusted earnings and revenue that exceeded expectations but also revealed a drastic…