corporate profits

Tesla shares rise as EV maker posts better-than-expected profit of $2 billion

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Tesla shares rise as EV maker posts better-than-expected profit of $2 billion

Tesla’s third-quarter net income rose 17.3% from a year earlier, as quarterly sales of its electric vehicles rose for the first time this year. The Austin, Texas, company said Wednesday it made $2.17 billion from July to September, up from the $1.85 billion profit it posted in the same period in 2023. The gain came … Read more

Dutch chip giant blames ‘technical error’ as tech tank sector issues windfall profits: ‘Very unfortunate’

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Dutch chip giant blames 'technical error' as tech tank sector issues windfall profits: 'Very unfortunate'

A Dutch chipmaking giant sparked chaos after it accidentally released a disappointing financial outlook a day earlier than planned – knocking billions off the market value of the entire semiconductor sector. Shares in ASML — which makes equipment used to make chips, including processors used to power artificial intelligence — fell nearly 6% on Wednesday. … Read more