Illumina unveils plans to cut costs as it faces shrinking margins
The plans aim to reduce Illumina's annualized run rate expenses by more than $100 million starting later this year.
Chipotle Mexican Grill’s restaurant traffic grows as the chain proves its pricing power
Shares of Chipotle jumped after the company's earnings and revenue beat Wall Street's expectations.
Alphabet reports revenue and earnings beat for first quarter
In beating estimates, Google broke a string of four straight quarters in which it fell shy of analysts' expectations.
Microsoft reports earnings beat, says A.I. will drive revenue growth
Microsoft's Azure cloud revenue topped analysts' estimates, and the company indicated it would keep investing in artificial intelligence.
SK Hynix, one of the biggest memory chipmakers, reports record quarterly loss as prices slump
South Korean chipmaker SK Hynix has reported a record operating loss of 3.4 trillion won, but expects a rebound in the second half of the...
Boeing plans to boost 737 Max production to 38 planes per month despite manufacturing snag
Boeing said Wednesday it will increase output of 737 Max planes to 38 a month later this year, up from 31 a month.
Meta set to report first-quarter earnings after the bell
Meta will report its first-quarter earnings on Wednesday as the company is in the midst of a wave of cost-cutting efforts.
KitKat and Nescafe owner Nestle says it’s raised prices by nearly 10% so far this year
Nestle raised prices by 8.2% in 2022, but CEO Mark Schneider had warned further rises were to come to defend its margins.
PepsiCo raises outlook as quarterly results beat expectations
PepsiCo said its strong first quarter prompted it to raise its outlook for the year.