Europe’s largest tech company ASML is on Wednesday set to publish its fourth-quarter results, in what will be poured over by investors seeking to work out when the slump in the global semiconductor market is likely to end.For investors, the information posted by the Dutch company which makes the machines used to manufacture microchips will offer vital signs as to the health of the worldwide tech industry which relies on ASML’s systems.ASML’s results will also offer clues as to the extent to which the compan ...

Shares of TKO Group Holdings Inc. soared toward a record gain Tuesday, after the parent of World Wrestling Entertainment and Ultimate Fighting Championship announced a deal with Netflix Inc. in which WWE’s “Raw” program will be shown exclusively on the streaming service.The deal marks a major shift in programming as the weekly “Raw” program will leave linear TV for the first time since its inception 31 years ago.“This deal is transformative,” said TKO Chief Operating Officer Mark Shapiro. “It marries the ca ...

Halliburton Co. shares rose 2.1% in pre-market trading despite a miss for the oil-services company’s top and bottom-line fourth-quarter results early Tuesday. Net income was $661 million, or 74 cents a share, from $656 million, or 72 cents a share, in the same period last year. On an adjusted basis, excluding losses in Argentina primarily due to the currency devaluation, Halliburton HAL, +1.35% earned 86 cents a share. Analysts surveyed by FactSet were looking for earnings of 93 cents a share. Halliburto ...

Lockheed Martin Corp.’s stock LMT, +0.22% dipped 0.1% in premarket trading on Tuesday after the defense contractor’s fourth-quarter earnings beat analyst estimates, but the company said its 2024 sales could fall short of consensus at the lower end of its range. Lockheed Martin said its net income for the three months ending Dec. 31 fell to $1.87 billion, or $7.58 a share, from $1.91 billion, or $7.40 a share, in the year-ago quarter. The company beat the FactSet consensus estimate of $7.29 a share. Fourth- ...

Shares of Verizon Communications Inc. were up 3% in premarket trading Tuesday after the telecommunications company showed momentum in its consumer wireless business in the latest quarter. The wireless giant posted a fourth-quarter net loss of $2.6 billion, or 64 cents a share, compared with $6.7 billion, or $1.56 a share, in the year-earlier quarter. Verizon VZ, +0.64% previously disclosed that it would take a $5.8 billion noncash goodwill impairment charge for the fourth quarter following a five-year plann ...

Procter & Gamble Co.’s stock PG, +0.20% rose 1.2% premarket Tuesday, after the consumer goods giant beat profit estimates for its fiscal second quarter as it again raised prices. The Cincinnati-based company posted net income of $3.468 billon, or $1.40 a share, for the quarter to Dec. 31, down from $3.933 billion, or $1.59 a share, in the year-earlier period. Adjusted per-share earnings came to $1.84, well ahead of the $1.70 FactSet consensus. Sales rose 3% to $21.441 billion from $20.733 billion year ago, ...

Shares of 3M Co. MMM, +0.24% tanked 6.2% in premarket trading Tuesday, after the consumer, industrial and healthcare-products company reported fourth-quarter profit that rose above expectations but provided a 2024 outlook that was well below forecasts. Net earnings per share rose to $1.70 from 98 cents a year ago. Excluding nonrecurring items, such as litigation costs and other special items, adjusted EPS rose to $2.42 from $2.18 to beat the FactSet consensus of $2.31. Total sales fell 0.8% to $8.01 billio ...

Johnson & Johnson JNJ, +0.49% said Tuesday it had net earnings of $4.132 billion, or $1.70 a share, for the fourth quarter, up from $3.227 billion, or $1.22 a share, in the year-earlier period. Adjusted per-share earnings came to $2.29, just ahead of the $2.28 FactSet consensus. Sales rose to $21.395 billion from $19.939 billion a year ago, also ahead of the $21.022 billion FactSet consensus. By segment, sales at the company’s innovative medicine business, including COVID vaccines, rose 4.8% to $13.722 bil ...

Shares of General Electric Co. GE, +1.09% slumped 2.7% in premarket trading Tuesday, after the aerospace, power and renewable energy company reported fourth-quarter earnings that beat expectations, but provided a downbeat outlook. Net income fell to $1.59 billion, or $1.45 a share, from $2.10 billion, or $1.90 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.03 beat the FactSet consensus of 90 cents. Total revenue grew 15.4% to $19.42 billion, well above the ...

Core Viewpoint - Riot Games is laying off approximately 530 employees, representing around 11% of its total workforce, as part of a strategy to refocus after years of significant expansion and investment [1][2] Group 1: Layoffs and Organizational Changes - The layoffs will take place over the next several weeks, with the company offering a minimum of six months' severance pay [1] - Riot Games is discontinuing its Riot Forge publishing unit and reducing the size of its "Legends of Runeterra" team [1] - The decision to lay off employees follows previous hiring freezes and cost-cutting measures that were deemed insufficient [3] Group 2: Business Strategy and Financial Context - The CEO stated that the company lacks a sharp focus and has too many ongoing projects, leading to unsustainable costs and risks to the core business [2] - The pandemic-induced surge in digital demand has waned, coinciding with rising prices for basic necessities, which has reduced consumer spending on gaming [2] - The company acknowledges that some significant investments have not yielded expected returns, necessitating these cuts to prioritize efforts that provide the most value to players [2][3]