Tag: C&E Industry News Filter

Microsoft tops $60 billion in annual earnings for the first time to cap record-breaking year

Microsoft Corp. finished yet another record-breaking year with more than $60 billion in profit and $165 billion in sales, showing why it has become only the second $2 trillion company in U.S. stock market history, and shares turned around after it projected more growth. Microsoft MSFT, -0.87% on Tuesday reported fiscal fourth-quarter earnings of $16.46 […]

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Duolingo prices IPO at $102 a share, above expected range

Duolingo Inc., the maker of language-learning and educational apps, priced its initial public offering at $102 a share late Tuesday, above its expected range. Duolingo plans to offer 5.1 million shares, raising about $520 million for a valuation above $3.4 billion. It is expected to begin trading Wednesday on the Nasdaq Global Select Market under […]

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Opinion: Elon Musk says he is done with regular earnings calls. Tesla investors are better off.

Elon Musk says he is done with regular appearances on earnings calls. Tesla Inc. and its investors should be thankful. Musk said Monday, while detailing Tesla’s first quarter with more than $1 billion in profit, that he would no longer participate on such conference calls, “unless there’s something really important that I need to say.” […]

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Tesla tops $1 billion in profit, delays Semi launch

Tesla Inc.’s profit topped $1 billion for the first time in the company’s history and its sales nearly doubled, zooming past Wall Street expectations, but there was no stock rally late Monday as a “limited” battery supply and the ongoing chip shortage crimped the Silicon Valley electric-car maker’s output and forced it to delay the […]

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