Merck & Co (NYSE:MRK): Expected adjusted earnings per share of $6.80 to $6.95, below analysts’ average estimate of $7.36.
Microchip Technology (NASDAQ:MCHP) had net sales of $2.17 billion in the fiscal Q3 2022, versus analyst expectations of $2.15 billion. Net sales for the fiscal fourth quarter were expected to be $2.19-2.26 billion, versus analysts’ expectations of $2.18 billion.
Ford Motor Co (NYSE:F) CFO: will significantly increase its $3 billion cost-cutting target by 2025.
Ford Motor Co. (NYSE:F) Q4 net profit fell 90% year-over-year to $1.3 billion, and a full-year 2022 net loss of US$2 billion, turning from profit to loss.
Qualcomm (NASDAQ:QCOM): Q1 revenue for fiscal 2023 fell 12% year-over-year to $9.5 billion, and net income decreased 34% year-over-year to $2.235 billion.
Amazon CEO Andy Jassy said on an earnings call on February 2 local time that the company has suspended the expansion of Amazon Fresh and unmanned convenience stores. Before it can embark on a massive expansion, he said, Amazon needs a unique form of store and keep its finances in good shape. “Retail is a … Read more
Wells Fargo: Cut its price target on Merck (NYSE:MRK) to $120 from $125.
Deutsche Bank: Lowered its price target on Honeywell (NASDAQ:HON) to $235 from $242。
On Friday, local time, the U.S. Treasury Department said that after revising the definition of car classification, it will make more Tesla, Ford Motors, General Motors and Volkswagen electric vehicles eligible for tax credits of up to $7,500. Under the $430 billion climate bill approved last August, SUVs can cost up to $80,000 to qualify … Read more
Bank of America CEO Moynihan’s total compensation fell to $30 million in 2022, compared to $32 million the year before.