Bank of New York Mellon Corp. (BNY) has released its financial results for the first quarter of the year, showing a solid increase in net profit. The bank's net profit rose by 21%, reaching $1.15 billion. This growth is primarily attributed to the successful strategy of reinvesting in higher-yield securities, which led to a revenue increase of 6%.
ByteDance Ltd., the owner of the popular social video platform TikTok, has reported impressive financial results for 2024. Revenue reached $155 billion, marking a 29% increase compared to the previous year. This growth can be attributed to TikTok's global expansion, which helped mitigate the economic downturn in China.
Taiwan Semiconductor Manufacturing Co. (TSMC), the largest semiconductor manufacturer in the world, recently announced impressive financial results. Their quarterly revenue surged by 42%, reaching NZD 839.25 billion (USD 25.5 billion) in the first three months of 2025, exceeding analysts' expectations. The average expectations were approximately NZD 830.5 billion.
AIRO Group Holdings, a company focused on advanced aerospace and defense technologies, has officially launched its initial public offering (IPO), announcing the sale of 5 million shares of its common stock. Additionally, underwriters have been granted a 30-day option to purchase up to 750,000 additional shares to cover any over-allotments.
In the world of algorithmic trading, XTX Markets has demonstrated impressive results, achieving over 50% profit growth in the last year. This increase is attributed to a rise in revenues from both market-making activities and proprietary trading.
In recent years, there has been a significant increase in interest surrounding artificial intelligence (AI) technologies, notably impacting consultancy firms. One such company, Boston Consulting Group (BCG), recently announced substantial growth in its workforce and revenue, indicating the rising demand for consultancy services in this domain.
PVH Corp, known for its brands Calvin Klein and Tommy Hilfiger, recently issued a forecast that has sparked discussion in financial markets. Despite analysts’ warnings of declining revenue, the company expects sales this year to either grow slightly or remain on par with last year. This announcement led to a 14% rise in the company's stock in after-hours trading in New York.
The latest financial results from Huawei Technologies Co. have caught the attention of investors and analysts worldwide. For the first time in many years, the company has reported a quarterly net loss, reflecting a slowdown in overall business alongside significant investments in research and development across various sectors, including electric vehicles and semiconductors.
Goldwind Science & Technology Co., the world’s largest manufacturer of wind turbines, has released its financial results for 2024. The company has demonstrated significant growth in revenue and profit, indicating positive trends in the wind energy sector. However, despite the encouraging figures, some metrics fell short of analysts' expectations.
Last Friday, InPost released its earnings report, sparking discussions among experts and market participants. The overall impression from the data is that the company demonstrates robust growth driven by increased delivery volumes and optimization of its automated delivery network. However, it is also important to note that infrastructure costs put pressure on overall profitability.
Jiangxi Copper Co., one of the leading copper producers in China, has recently released its annual financial results. These figures have drawn significant interest from investors and analysts, as they reflect the current state of the company and the projected trends in the industry. The company’s net profit reached 6.9 billion yuan (approximately $950 million), marking a 2.2% increase compared to the previous year. However, this figure fell slightly short of analysts' expectations, which predicted a profit of 7 billion yuan.
American company Amrize, soon to be spun off from Holcim Ltd., is preparing to increase its revenue by 5-8% annually through the fiscal year 2028. This forecast is tied to the anticipated growth in construction activities across North America.