Quarter

Economy Emerges: U.K. GDP Surges 0.6% in Quarter, Beating Expectations

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London, United Kingdom – The United Kingdom’s economy has shown signs of recovery as gross domestic product increased by 0.6% in the first quarter, surpassing expectations set by economists. This growth follows a shallow recession that the U.K. experienced in the second half of 2023, due to ongoing inflationary pressures. According to the Office for National Statistics, the production sector expanded by 0.8% from January to March, while the construction sector decreased by 0.9%. The …

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**Warner Bros. Discovery CEO David Zaslav reveals stunning streaming profit growth in first quarter**

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Los Angeles, California – Warner Bros. Discovery, led by CEO David Zaslav, reported a first-quarter profit of $86 million for its Direct-to-Consumer (DTC) unit, which encompasses streaming and premium pay-TV services. This marked a significant increase from the $50 million profit recorded a year prior and followed a profitable full-year in 2023. By the end of March, Warner Bros. Discovery had amassed 99.6 million global streaming subscribers, surpassing expectations and demonstrating growth in its subscriber …

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UBS Smashes Expectations with $1.8 Billion First Quarter Profit – What’s Next for the Banking Giant?

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Krakow, Poland – UBS, the Swiss banking giant, has reported a significant swing back to profit following two consecutive quarterly losses. This turnaround was driven by the bank’s impressive performance in the first quarter, which exceeded expectations, thanks to increased revenues in wealth management. The first quarter saw UBS post a net profit of $1.8 billion, surpassing the consensus forecast and reflecting the positive impact of lower expenses and consolidation benefits stemming from the takeover …

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UBS Shocks Analysts with $1.8 Billion First Quarter Profit – Find Out How They Did It!

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Krakow, Poland – UBS, a multinational investment bank, exceeded analyst expectations by reporting a net profit of $1.8 billion for the first quarter of the year. This impressive result was attributed to lower expenses following the acquisition of Credit Suisse in June 2023. The bank’s net profit of $1.8 billion far outperformed the consensus forecast of $721.4 million in an LSEG poll. Group revenue for UBS totaled $12.74 billion, surpassing expectations and showing growth from …

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Lucid Stock Drops 8% After Mixed First Quarter Results, CEO Confirms Gravity SUV On Track for 2024 Debut

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Fremont, California – Electric vehicle manufacturer Lucid Motors faced a setback in the first quarter, reporting a wider-than-expected loss despite surpassing revenue expectations. The company’s focus on its upcoming Gravity SUV’s 2024 debut provided some optimism among investors, even as its stock dipped over 8% in after-hours trading. In the first quarter, Lucid recorded revenue of $172.7 million, exceeding analysts’ projections of $150.1 million and marking a nearly 16% increase from the previous year. However, …

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Warren Buffett’s Berkshire Hathaway Smashes Cash Hoard Record in First Quarter

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Omaha, Nebraska – Warren Buffett’s investment company, Berkshire Hathaway Inc., continues to amass a record-breaking cash reserve due to a lack of significant investment opportunities. The conglomerate’s cash holdings reached $189 billion at the end of the first quarter, surpassing its previous record. In addition to the substantial cash pile, Berkshire Hathaway reported a rise in operating earnings, largely driven by its insurance businesses. Despite the challenges in finding large deals to deploy the company’s …

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**Apple** Exceeds Expectations with Resilient Sales in Second Quarter, Fueling Share Price Surge

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Cupertino, California – Apple’s second-quarter results revealed a decline in sales that was not as steep as anticipated, causing shares to rise approximately 6% in pre-market trading the following day. The tech giant reported revenue of $90.8 billion, with earnings per share of $1.53, exceeding Wall Street estimates of $90.3 billion in revenue and $1.50 per share in earnings. The company’s key iPhone revenue fell slightly to $45.96 billion from $51.33 billion the previous year. …

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Shell Crushes Expectations with $7.7 Billion First Quarter Profit, Outperforming Oil Giants like Exxon and Chevron

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Radstock, England – Oil giant Shell reported stronger-than-expected first-quarter profits on Thursday, attributing the growth to higher refining margins and robust oil trading. The company’s adjusted earnings of $7.7 billion exceeded analyst expectations of $6.5 billion for the first three months of the year, according to an LSEG-compiled consensus. Despite the positive results, Shell’s first-quarter profit saw a decline of roughly 20% compared to the same period a year earlier, aligning with a broader trend …

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Pfizer Boosts Profit Forecast After Strong Quarter: What’s Fueling the Growth?

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New York, USA – Pfizer, one of the leading pharmaceutical companies, raised its annual profit forecast after reporting strong first-quarter results. The company exceeded Wall Street’s expectations, driven by cost cuts, solid sales of its COVID antiviral treatment, and robust performance of its pneumonia vaccine. Pfizer’s acquisition of Seagen for $43 billion also proved beneficial, with sales of the cancer treatment Padcev surpassing analysts’ estimates. The company’s strategic move to cut costs by $4 billion …

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New Headline: “AMD’s MI300 GPU Expected to Drive Data Center Growth Into Second Quarter”

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Santa Clara, California – Today, during an earnings call for the period ending March 31, 2024, Advanced Micro Devices (AMD) reported strong financial results. The call, led by Lisa Su, President and CEO, highlighted the company’s performance in the data center segment, particularly with the ramp-up of their MI300 GPUs and EPYC processors. AMD’s data center business showed significant growth, with server CPU sales increasing year-over-year and quarter-over-quarter. The company’s strategic focus on high core …

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