Manufacturing news

Applied Materials Inc. (NASDAQ: AMAT) published its earnings report for the fiscal first quarter on Thursday that beat Wall Street estimates. Chief Executive Gary Dickerson commented on the quarterly results and said: “All the respective end-markets, NAND, DRAM, foundry-logic are strong. We think we’re in the very early…

Daimler AG (ETR: DAI) proposed to raise its dividend for 2020 on Thursday as full-year net profit came in better than the previous year. Daimler closed almost flat on average in the stock market on Thursday. It is now trading at a per-share price of £57.88. If you want…

Airbus SE (EPA: AIR) reported £980 million of net loss for 2020 on Thursday, blaming the ongoing Coronavirus pandemic that wreaked havoc on demand for air travel. In the fourth quarter, however, the company turned a £1.34 billion profit. Airbus shares opened about 3% down on Thursday and failed…

Analog Devices Inc. (NASDAQ: ADI) reported its financial results for the fiscal first quarter on Wednesday that topped analysts’ estimates for profit and revenue. Its free cash flow, however, fell shy of what experts had forecast. Nonetheless, the U.S. company lifted its dividend on Wednesday by 11%. Analog Devices…

British American Tobacco plc (LON: BATS) said on Wednesday that its full-year pre-tax profit came in better than last year on the back of its cost-saving measures and a wider increase in organic revenue than what it had previously anticipated. The company, however, warned that the ongoing Coronavirus pandemic…

Nissan Motor (TYO: 7201) confirmed on Monday that it was not holding discussions with Apple Inc. (NASDAQ: AAPL) over a possible collaboration on the latter’s autonomous car project. The announcement shunned an earlier report that suggested the two companies were in talks about a tie-up. Nissan Motor closed…

In an announcement on Monday, Rolls-Royce Holdings plc (LON: RR) said that Panos Kakoullis will join the company as its new CFO on 3rd May. Kakoullis has previously served as the head of audit at Deloitte. The new chief financial officer will help steer the British engine manufacturer’s cost-cutting…

Newell Brands Inc. (NASDAQ: NWL) reported its financial results for the fiscal fourth quarter on Friday that topped Wall Street estimates. The company, however, gave weaker than expected guidance for the full year on Friday. Newell Brands was reported about 7% down in premarket trading on Friday. Including the…

General Motors Company (NYSE: GM) said on Wednesday that its financial performance was better than expected in the fiscal fourth quarter despite a resurgence in COVID-19 cases in recent months. General Motors shares were reported about 0.5% down in premarket trading on Wednesday. The stock is now trading at…

Cisco Systems Inc. (NASDAQ: CSCO) reported its financial results for the fiscal second quarter on Tuesday that topped Wall Street estimates. Cisco shares were reported close to 4% down in after-hours trading on Tuesday. The stock is now trading at £33.69 per share after recovering from a low…

Canopy Growth Corp. (TSE: WEED) said on Tuesday that its revenue in the fiscal third quarter came in better than what analysts had anticipated. Its net loss, however, was broader than expected in Q3. Canopy Growth Corp’s shares initially slid in premarket trading on Tuesday but recovered the loss…

Hasbro Inc. (NASDAQ: HAS) published its earnings report for the fiscal fourth quarter on Monday that came in better than what analysts had anticipated. The company attributed its hawkish performance primarily to its gaming unit. In related news, Energizer also reported its quarterly financial results on Monday. Hasbro…

The Estee Lauder Companies Inc. (NYSE: EL) published its earnings report for the fiscal second quarter on Friday that came in better than what analysts had anticipated. The company, however, warned that the COVID-19 restrictions were likely to weigh on its financial performance in the third quarter.   Estee…

Philip Morris International Inc. (NYSE: PM) reported its financial results for the fiscal fourth quarter on Thursday that topped analysts’ estimates for profit and revenue. The company said that demand for cigarettes remained under pressure in recent months but was offset by an increase in heated tobacco volume.  …

Qualcomm Inc. (NASDAQ: QCOM) said on Wednesday that its revenue came in weaker than expected in the fiscal first quarter. Earnings, it added, topped analysts’ estimates in Q1. Qualcomm shares lost close to 7% in extended trading on Wednesday. Including the price action, the stock is now trading at…

Otis Worldwide Corp. (NYSE: OTIS) published its earnings report for the fiscal fourth quarter on Monday that came in better than what analysts had anticipated. The company also gave upbeat guidance for the full financial year on Monday. Otis Worldwide opened at £47.80 per share on Monday and closed…

Tesla Inc. (NASDAQ: TSLA) said on Wednesday that its sales in the fiscal fourth quarter came in better than expected. It was the sixth consecutive quarter that the U.S. firm concluded with profit. The company, however, earned less than what analysts had anticipated in Q4. Tesla shares slid…

VF Corp. (NYSE: VFC) said on Wednesday that its revenue in the fiscal third quarter came in weaker than expected. The company, however, earned more in Q3 than what analysts had anticipated. Shares of the company tanked 1.5% in premarket trading on Wednesday and lost another 3.5% on market…

The Boeing Company (NYSE: BA) said on Wednesday that its loss in the fiscal fourth quarter came in significantly wider than expected. Its revenue in Q4, however, slid less than what analysts had anticipated. Boeing shares were reported about 3.5% down in premarket trading on Wednesday. The stock is…

Advanced Micro Devices Inc. (NASDAQ: AMD) said on Tuesday that its financial performance was better than expected in the fiscal fourth quarter. The company also gave future guidance that topped analysts’ estimates. AMD shares initially jumped roughly 4% in extended trading on Tuesday but then lost nearly 5% later…

General Electric Co. (NYSE: GE) said on Monday that its free cash flow and revenue in the fiscal fourth quarter topped experts’ forecast. But profit, it added, was weaker than expected in Q4. In separate news from the United States, Leon Black said on Tuesday that he will…

3M Co. (NYSE: MMM) said on Tuesday that its earnings and revenue in the fiscal fourth quarter came in better than what analysts had anticipated. 3M jumped 2% in premarket trading on Tuesday. Shares of the company that you can learn to buy online here, are now trading…