The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.
Category: Company Reports
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Amazon Reports $148 Billion in Second Quarter Sales
The e-commerce giant’s stock dipped about 5 percent in after-hours trading after lower-than-expected guidance.
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45%
Tesla’s drop in profit in the second quarter.
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Tesla and Alphabet Earnings Prompt Big Tech Stock Decline
Disappointing earnings reports from the tech giants dragged the Nasdaq composite down 2.9 percent, amid a shift by investors to stocks of smaller companies.
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Alphabet Reports 29% Jump in Profit as A.I. Efforts Begin to Pay Off
Google’s parent company narrowly topped revenue and profit expectations, driven by its search engine and cloud unit, and it said A.I. investments were “driving new growth.”
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Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
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G.M. Will Restart Cruise Taxi Service
General Motors said the self-driving division’s cars will operate in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
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Netflix Adds 8 Million Subscribers
Shows like “Bridgerton” and “The Roast of Tom Brady” performed well for the streaming service, which now has 278 million subscribers worldwide.
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Goldman Sachs’s Revamp Takes Shape With Another Profit Haul
The Wall Street investment bank earned $3 billion in the second quarter, more than double the tally from a year earlier.
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Burberry Replaces C.E.O. Amid ‘Disappointing’ Results
The British luxury group appointed Joshua Schulman to replace Jonathan Akeroyd, and said it expected earnings to suffer as an industry downturn deepens.
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JPMorgan and Wells Fargo Earnings Show Toll of Inflation
JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.
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Have Potato Chips Reached Peak Price?
PepsiCo reports in its earnings that people are buying fewer salty snacks from its Frito-Lay brands. It’s not the only food company that is seeking to lure back consumers stung by high prices.