US Stock Reports, Quotes and News
Investing.com– Taiwan Semiconductor Manufacturing Corp (TW:2330) (NYSE:TSM), or TSMC, clocked a stronger-than-expected first-quarter profit on Wednesday as the world’s largest contract chipmaker benefited from increased demand in the rapidly-growing artificial intelligence industry.
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications.
(Reuters) – Omnicom Group (NYSE:OMC) beat Wall Street estimates for first-quarter profit and revenue on Tuesday, helped by solid demand for its advertising services amid major political and sports events.
NEW YORK – Omnicom Group Inc. (NYSE: NYSE:OMC) announced its first-quarter earnings, surpassing analyst expectations with an adjusted EPS of $1.67, which was $0.13 higher than the consensus estimate of $1.54. Revenue for the quarter also exceeded forecasts, coming in at $3.63 billion against the anticipated $3.61 billion.
Shares of Bank of America (BAC) reported earnings and revenue results for the fiscal Q1 2024 earnings that exceeded Wall Street estimates.
By Mehnaz Yasmin and Saeed Azhar
JPMorgan strategists said consensus projections for earnings growth have been “moving materially lower” in recent months ahead of the Q1 2024 reporting season kick-off.