Calix faced a setback as it reported first-quarter guidance that fell significantly below Wall Street’s expectations, causing a 22% plunge in its stock during afterhours trading. The company projected adjusted earnings per share (EPS) for Q1 to be in the range...
Archer-Daniels-Midland Co has announced a postponement in the payment of performance bonuses to select executives until the completion and audit of its financial statements, as revealed in a memo received by Reuters. This decision follows the recent sidelining of...
FTC Demands Tech Titans’ Details on Generative AI Deals Amid Antitrust Concerns On Thursday, the U.S. Federal Trade Commission (FTC) announced that it had issued orders to OpenAI, Microsoft, Alphabet, Amazon, and Anthropic, requesting information on recent...
Autonomous vehicle technology firm Aurora Innovation announced on Wednesday that it has implemented a 3% workforce reduction as part of a reorganization effort. As of the end of 2022, Aurora had 1,700 employees, according to the company’s securities filings. The...
CFRA Research raised NVIDIA’s (NASDAQ:NVDA) price target to $700 from $600 on Tuesday, maintaining a Buy rating. Analysts affirmed their FY24 (January) EPS estimate at $12.29 but boosted FY25 to $20.58 from $17.85 and FY26 to $23.76 from $21.18. The higher...
United Airlines surpasses Q4 estimates but anticipates a wider loss in the current quarter, impacted by the recent grounding of Boeing’s 737 Max 9 jet. Chicago-based United (NASDAQ:UAL) experiences a premarket surge, influencing gains in American Airlines...
