Shell Jumps 3% as Profit Almost Triples in Q1 2022
(Shell) Shares of Shell rose more than 3% on Thursday after reporting adjusted earnings of $9.1 billion in the first quarter of 2022, compared to $3.2 billion in the prior…
Ford’s Sales Drop 10.5% In April Amid EV and SUV Strengths
(Ford) The total US sales of Ford vehicles stood at 176,965 in April, representing a decline of 10.5% from the prior year. The total sales in April comprised of 79,768…
Moderna Jumps 6% As Net Income More Than Triples in Q1 2022
(Moderna) Moderna reported a net income of $3.7 billion in the first quarter of 2022, an increase of more than 300% from $1.2 billion in the prior year. The robust…
Equinor Books $1.08B Impairment From Russian Exit Amid Revenue Double
(EnergyVoice) Equinor has incurred $1.08 billion impairment since announcing a cessation of new investments in Russia in a move to exit the country. The energy giant said that the increased…
US-Listed Chinese Stocks Slip on Reports of Didi Probe
(Bloomberg) Shares of Didi Global dropped more than 6% on Wednesday, leading declines among Chinese stocks listed in the US exchanges amid crackdown concerns. The decline in Didi followed news…
AMD Reports a Record $5.9B Revenue in the First Quarter of 2022
(AMD) Advanced Micro Devices revenue in the first quarter of 2022 rose by 71% to a record $5.9 billion, with double digit growth in each of its core businesses. The…
Airbnb Bookings Rises 59% in Q1 2022 to Above Pre-pandemic Levels
(Airbnb) Airbnb reported 102.1 million nights and experiences bookings in the first quarter of 2022, up by 59% from the prior year. The bookings marked the first time Airbnb surpassed…
Lyft Plunges 26% as Disappointing Outlook Amid a Lower Loss in Q1 2022
(Lyft) Shares of rideshare firm Lyft fell more than 26% on Wednesday after a disappointing outlook clouded a robust first quarter 2022 earnings. Lyft said it expects an EBITDA of…
Pfizer Cuts 2022 Guidance as First Quarter Revenue Grows 82%
(Pfizer) Pfizer expects lower revenues in FY22 than previously guided, despite reporting an 82% growth in first quarter revenue to $25.7 billion. Pfizer said that the stronger revenues in the…
Chegg Stock Plunges 36% After Cutting Its Forecast as Online Learning Lean Back
(Chegg) Shares of Chegg Inc. fell more than 36% in premarket on Tuesday. Online-education company projected lower earnings in the second quarter and FY22. In its first quarter 2022 earning’s’…
BP Shares Rise 5% After Boosting Buyback Amid Record Loss on Russian Exit
(BP) Shares of British Petroleum jumped 5% on Tuesday after boosting its stock repurchases to $2.5 billion, compared to February increment to $1.5 billion. BP boosted share repurchase reflected a…
On Semiconductor Corp. Reports a Record Revenue of $1.95B in Q1 2022
(onsemi) On Semiconductor Corp. earned a record $1.945 billion revenue in the first quarter of 2022, up 31% from the prior year. The company said that it delivered a record…
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