Texas Instruments Experiences Dip in Earnings

Texas Instruments faced some setbacks as its shares fell by 4% when it reported a decline in fourth-quarter earnings and revenue. Additionally, the chip maker provided a first-quarter forecast that fell below expectations, attributing the decline to weaknesses in the automotive and industrial sectors.

SAP Initiates Restructuring Program

German software giant SAP has announced plans for a major restructuring program that will impact approximately 8,000 jobs this year. However, the company's fourth-quarter operating profit and revenue exceeded analysts' expectations. SAP also provided updated financial guidance for both 2024 and 2025. In its pursuit of growth, SAP aims to place an even greater emphasis on key strategic areas such as artificial intelligence software. Consequently, U.S.-listed shares of SAP experienced a notable 5.7% jump.

eBay to Cut 9% of Workforce amid Business Growth Concerns

In a recent announcement, e-commerce giant eBay has revealed plans to reduce its workforce by about 1,000 employees, which accounts for approximately 9% of its full-time staff. CEO Jamie Iannone addressed employees in a note, stating that the company's current headcount and expenses have exceeded the growth of the business. This decision reflects eBay's goal to streamline operations, improve efficiency, and make timely decisions, according to Iannone. The market responded positively to the news, with eBay's stock rising by 3.3%.

Intuitive Surgical Reports Strong Q4 Earnings and Increased Da Vinci Procedure Volumes

Intuitive Surgical, a leading manufacturer of robotic surgical devices, has announced impressive fourth-quarter adjusted earnings that surpassed expectations on Wall Street. Additionally, they reported a significant increase in da Vinci procedure volumes during the same period, with a notable jump of 21%. Investors responded positively to this news, causing shares to rise by 7.1%.

ASML Holding Exceeds Analyst Expectations and Anticipates Steady Revenue

ASML Holding, a Dutch company specializing in chip equipment manufacturing, has reported a rise in fourth-quarter profit compared to the previous year, surpassing analysts' estimates. While remaining cautious in their outlook, the company anticipates that their revenue for 2024 will be similar to that of 2023, when they recorded €27.56 billion in revenue. As a result, shares in ASML Holding experienced a 5.1% increase.

BlackBerry Faces Decline Following Announced Senior Notes Offering

BlackBerry, a Canadian security software firm, witnessed an 11% decline after disclosing plans to conduct a private offering of $160 million in convertible senior notes due in 2029.

Tesla Expected to Announce Fourth-Quarter Earnings

All eyes are on Tesla as the company is set to reveal their fourth-quarter earnings after the close of trading today. Analysts predict that Tesla will report earnings of 73 cents per share on a revenue of $25.6 billion, representing a 5% increase.

Other Earnings Reports Expected Today

In addition to Tesla, various other companies are expected to release their earnings reports today. These include AT&T, Abbott Laboratories, International Business Machines, ServiceNow, Lam Research, General Dynamics, Las Vegas Sands, Freeport-McMoRan, and CSX.

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