06:35 AM EDT, 10/08/2024 (MT Newswires) -- PepsiCo ( PEP ) reported fiscal Q3 core earnings Tuesday of $2.31 per diluted share, up from $2.25 a year earlier. Analysts surveyed by Capital IQ expected $2.29. Net revenue for the quarter ended Sept. 7 was $23.32 billion, down from $23.45 billion a year earlier. Analysts surveyed by Capital IQ expected $23.78...

DETROIT (Reuters) - General Motors ( GM ) will seek to soothe shareholders' worries on Tuesday that lagging demand for electric vehicles and perceived peak demand for gasoline-powered trucks will create a rough road ahead for the automaker. CEO Mary Barra and her executive team will emphasize at investor day in Spring Hill, Tennessee, that profit margins have not peaked...

TAIPEI, Oct 9 (Reuters) - TSMC, the world's largest contract chipmaker, reported on Wednesday third-quarter revenue of T$759.69 billion ($23.62 billion), according to Reuters calculations, easily beating the market forecast, as the company reaps the benefit from artificial intelligence (AI) demand. An LSEG SmartEstimate, drawn from 23 analysts, had predicted third-quarter revenue of T$750.36 billion ($23.33 billion). Taiwan Semiconductor Manufacturing...

06:57 AM EDT, 10/08/2024 (MT Newswires) -- Asbury Automotive Group ( ABG ) said late Monday that it has filed a lawsuit in the US District Court for the Northern District of Texas challenging an administrative proceeding filed against the company by the Federal Trade Commission as unconstitutional. This comes after the automotive and retail service company rejected an FTC...