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China's Didi swings to profit in fourth quarter

Revenues jumped 55.4% to 49.4 billion yuan for the quarter. In 2021, Didi found itself in the spotlight of China's cyberspace regulator over its pursuit of a U.S. initial public offering without obtaining approval, prompting an inquiry that prohibited it adding new users and resulted in many of Didi's apps being removed from major app stores. ....

Jyoti Narayan , Gerry Doyle , Didi Global , Fourth Quarter Profit , Regulatory Scrutiny , Net Income ,

Dell beats fourth-quarter estimates on AI server demand

The PC market is showing signs of green shoots following a slowdown in revenue that began in 2022 from the peaks touched during the pandemic, as the boom in work-from-home demand for PCs and electronics faded. Dell is also a beneficiary of rising demand for its AI-servers that are equipped with chip designer Nvidia's graphics processing units (GPUs), which helps in meeting the demands of high-performance computing. "Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, exiting our fiscal year at $2.9 billion," Chief Operating Officer Jeff Clarke said in a statement. ....

Shailesh Kuber , Jaspreet Singh , Jeff Clarke , Lenovo Group , Dell Technologies , Wall Street , Operating Officer Jeff Clarke , Fourth Quarter Profit , Fourth Quarter Revenue , Wall Street Estimates ,

Oil refiner HF Sinclair posts profit ahead of estimates on upbeat margins

HF Sinclair beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by better-than-expected refining margins and throughput. Bigger rivals Valero Energy, Marathon Petroleum and Phillips 66 also beat earnings expectations on the back of stronger margins. HF Sinclair's consolidated gross refining margin fell to $13.88 per barrel in the fourth quarter from $23.47 a year earlier, while refinery throughput fell marginally to 664,390 barrels per day (bpd). ....

United States , Puget Sound , Shilpi Majumdar , Ryan Todd , Arunima Kumar , Piper Sandler , Shounak Dasgupta , Valero Energy , Marathon Petroleum , Wall Street , West Coast , Hf Sinclair , Fourth Quarter Profit , Valero Energy ,

Marathon Oil beats profit estimates on higher production

Marathon reported a rise in its oil and gas output to 404,000 barrels of oil equivalent per day (boepd) from 333,000 boepd in the previous year. This increase in production helped offset decline in crude prices, which fell from their 2022 peaks. Marathon said it U.S. average crude realized price fell to $77.28 per barrel in the reported quarter, from $84.29 per barrel, in previous year. ....

United States , Maju Samuel , Marathon Oil , Wall Street , Oil Production , Fourth Quarter Profit , Barrels Of Oil Equivalent , Marathon Oil , Crude Prices , Reported Quarter ,

DuPont sets $1 billion stock buyback target, hikes dividend after Q4 profit beat

The company's adjusted profit was 87 cents per share for the three months ended Dec. 31, compared with analysts' average estimate of 85 cents per share, according to LSEG data. DuPont said it sees demand stabilization in its semiconductor technologies and interconnect solutions business and expects a "broad-based electronics materials recovery in 2024". ....

United States , Pooja Desai , Savio Dsouza , Spectrum Plastics Group , Dupont De Nemours , Wall Street , Saviod Souza , Share Repurchase , Fourth Quarter Profit , Premarket Trading ,