Tesla’s Profit Jumped 12% in Fourth Quarter

Tesla said Wednesday that profit in the fourth quarter of 2022 rose 12 percent from the previous quarter, above Wall Street expectations, capping a tumultuous year that included intensifying competition, supply chain disruptions and concerns about the behavior of its chief executive, Elon Musk. Net profit for the quarter was $3.7 billion, up from $3.3 … Read more

Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent

Microsoft on Tuesday reported its slowest growth in six years and cautioned that a broader slump will continue as both consumers and businesses put the brakes on spending. The technology giant said revenue increased 2 percent from a year earlier to $52.7 billion for the three months that ended in December. Profit fell 12 percent to … Read more