Browsing Tag
Inc.
380 posts
Chipotle sales rise 9.6% to $3.29bn as returning customers fail to protect restaurant margins
Chipotle reported a third consecutive quarter of positive comparable transaction growth and opened 84 restaurants, but operating margin declined as labour, occupancy and other costs increased. Its ambitious 2027 expansion plans will test whether stronger customer demand can restore profitability.
UPS raises 2026 profit outlook as parcel pricing improves, but domestic volumes remain weak
United Parcel Service reported 6.7% quarterly revenue growth and raised its annual earnings and free cash flow forecasts. Stronger revenue per package is improving operating economics, although lower shipment volumes and a goodwill impairment reveal continuing pressure within its network and logistics businesses.
Crown Castle (NYSE: CCI) jumps 9% on SpaceX talks. Where are the leases?
Crown Castle shares surged after reports that SpaceX wants access to 80,000 American cell sites for a potential nationwide mobile network. But with no publicly confirmed lease agreement and existing tower revenue still declining, the key question is how much new income the satellite company's ambitions could realistically create.
AEP and Amazon explore 960 MW Indiana nuclear project using X-energy reactors
American Electric Power's agreement with X-energy, supported by Amazon development funding, could create a 960 MW advanced nuclear facility at a former Indiana coal plant site, but regulatory approval, construction costs and commercial feasibility remain major hurdles.
NextEra Energy profit reaches $4.8bn as 36.7GW backlog and Dominion merger advance
NextEra Energy reported third-quarter adjusted earnings of $2.59 billion and added 3.7 gigawatts of renewable energy and storage projects to its development backlog. Its planned combination with Dominion Energy has secured shareholder approval but still faces important regulatory and customer affordability questions.
Tesla profit falls 43% despite 486,532 deliveries as AI spending tests margins
Tesla reported third-quarter revenue of $28.05 billion and net income of $787 million as improving vehicle margins were offset by rapidly rising research and operating expenses. Capital expenditure more than doubled, putting greater pressure on the economics of its artificial intelligence and robotics ambitions.
Meta revenue jumps 26% to $64.6bn as $9.9bn legal charge and $145bn AI plan collide
Meta Platforms reported 26% third-quarter revenue growth and announced a new non-voting share class as its artificial intelligence investments accelerate. A $9.89 billion litigation charge, negative free cash flow and plans for up to $145 billion in annual capital expenditure complicate an otherwise strong advertising performance.
CBRE is buying the technology inside data centres. Can its $1bn Onnec bet pay off?
CBRE Group has agreed to acquire Onnec Group for an initial $610 million, with up to $400 million in additional payments linked to future growth. The transaction expands its data centre infrastructure services across Europe and Asia Pacific as the company targets nearly $7 billion in annual infrastructure services revenue in 2027.
Hasbro’s Magic: The Gathering revenue tops $600m as profit outlook rises
Hasbro reported 15% revenue growth and a sharp increase in operating profit as Magic: The Gathering generated a record $616 million in quarterly sales. The company raised its 2026 outlook and doubled its share repurchase target, but concentration in a single gaming franchise is becoming more important to its financial performance.
Salesforce is paying a 58% premium for Braze. Can AI-powered marketing justify the price?
Salesforce has agreed to acquire customer engagement platform Braze for approximately $5.66 billion in enterprise value, expanding its real-time marketing and artificial intelligence capabilities while raising questions about acquisition spending and the future growth of its Marketing Cloud business.