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According to the report, the company experienced a 133% annual reduction in its earnings per share for the quarter. Intel Corporation (NASDAQ: INTC) reported its largest quarterly loss in its Q1 2023 financial results. The company’s shares initially rose on the report, after which it fluctuated in extended trading sessions. At
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German banking powerhouse Deutsche Bank posted commendable Q1 2023 figures and remained on track to outperform revenue growth targets. Deutsche Bank registered its 11th straight quarterly profit according to its Q1 2023 earnings report released Thursday. For the period-ended March 31st, the German banking giant posted a net profit of 1.158 billion euros, or
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Analysts say that expected figures from Samsung will likely reveal a heavy crash in operating profit as the company struggles to sell chips. Samsung Electronics Co Ltd is expected to see an unprecedented crash in first-quarter profit. According to a Reuters publication, Samsung will likely suffer its worst profit crash in 14
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Bitcoin (BTC) mining firm Marathon Digital has reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.Marathon reported in an April 3 update that the 2,195 mined BTC is a 74% increase from the first quarter of last year and a
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The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022. Tesla (NASDAQ: TSLA) has posted its Q1 2023 report on vehicle production and deliveries, setting a new company record. The EV manufacturing giant said it produced 440,808 vehicles and delivered 422,875 cars for
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A recurring pattern of recent employee layoffs among tech giants reveals these companies are hedging against economic uncertainties. Despite the current economic conditions, a number of tech giants are still likely to embark on company layoffs even though they are turning profits. These layoffs have been ascribed to a slowdown in
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Despite seeing a surge in product demand for Q4 2022, Boeing sustained a gigantic $663 million loss due to macroeconomic constraints. Boeing (NYSE: BA) recently posted its Q4 2022 financial report, which showed a losing effort characterized by labor and supply strains. The American aeronautics manufacturing giant posted a loss of $663 million
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German financial multinational Deutsche Bank says it is “well on track to meet 2022 goals” following a sound Q3 2022 outing.Deutsche Bank recently posted its Q3 2022 financial report, which logged its ninth consecutive quarter of profit. For the third quarter, the Frankfurt-based German banking giant comfortably beat the projected estimates
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This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published
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The miner expects to deploy 6.9 EH/s by early 2023. Original Source
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