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China's largest chipmaker Semiconductor Manufacturing International Corp (SMIC) on Tuesday reported a 55% fall in fourth-quarter profit, missing analyst expectations as it cited weak global demand and fierce industry competition. Unaudited profit attributable to owners of the company during the quarter came in at $174.68 million, down from $385.53 million in the quarter and missing the consensus estimate of $277 million, according to the LSEG poll of analysts. Revenue for the quarter rose 3.5% to $1.68 billion, slightly above the consensus revenue estimate of 1.66 billion yuan in the po...

Optimism in the air. The S&P 500 is up 4% so far this year, and the Q4 earnings results – we’re about halfway through the reporting season – have been better than expected. The conventional wisdom, and hints from the Federal Reserve, say that interest rates will start coming down later this year, and there’s a growing belief that the economy may have dodged the recession bullet. In his recent market strategy note, Oppenheimer’s chief investment strategist John Stoltzfus describes the current moo

It's been a good week for CMS Energy Corporation ( NYSE:CMS ) shareholders, because the company has just released its...

Apple on Thursday reported China sales that missed Wall Street targets, overshadowing overall sales and profit that beat analysts' targets, powered by iPhone growth. Apple Chief Financial Officer Luca Maestri indicated that revenue in the current quarter would be less than a year ago, when the quarter benefited from a post-COVID boost of about $5 billion in sales. Excluding that gain last year, total and iPhone revenue in the March-ending quarter would be similar to a year earlier, he told analysts on a conference call.

Find out how AMD's earnings met expectations but still led to a stock price decline.