Breaking News
Feb 2, 2023
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Alphabet Inc said revenue in the December quarter rose 1% to $76 billion and net income plunged 34% to $13.6 billion from $20.6 billion and diluted EPS dropped to $1.05 from $1.53 a year ago.
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Ford Motor said revenue in the December quarter rose 17% to $44 billion but net income plunged to $1.3 billion from $12.3 billion and diluted EPS fell to 32 cents from $3.02 a year ago.
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Starbucks said revenue in the December quarter rose 8% to $8.7 billion and net income increased 4.8% to $855 million from $816 million and diluted EPS rose to 74 cents from 69 cents a year ago.
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The Euro Area inflation in January declined to an eight-month low to 8.5% from 9.2% in December and core inflation remained stable at 5.2%, Eurostat said in a preliminary statement on Wednesday.
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Peloton said revenue in the December quarter fell 30% to $793 million and net loss shrank 24% to $335.4 million and diluted loss per share improved to 98 cents from $1.39 a year ago.
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Electronic Arts declared a quarterly cash dividend of 19 cents per common share or $52 million payable on March 22 to shareholders of record on March 1.
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Electronic Arts said revenue in the December quarter increased 5.5% to $1.9 billion and net income soared to $204 million from $66 million and diluted EPS rose to 73 cents from 23 cents a year ago.
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Brinker said revenue in the December quarter rose 10% to $1.0 billion and net income edged up to $27.9 million from $27.6 million and diluted EPS rose to 62 cents from 60 cents a year ago.
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The Federal Reserve lifted its key lending rate range by 25 basis points to 4.25% to 4.50% and held out for more rate hikes to bring down inflation to 2%, matching the market expectations.
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FedEx announced its plan to cut its officers and director staff by more than 10% and consolidate some teams and functions.
Feb 1, 2023