Quarterly Earnings Headlines

Micron Technology profit beats on soaring memory chip demand

Micron Technology Inc reported a better-than-expected quarterly profit on Thursday and raised its revenue forecast for the current quarter on higher pricing for its memory chips amid tight supplies and demand from cloud and automotive customers.

Guess tops revenue estimate, shares rise

Fashion retailer Guess Inc reported on Wednesday quarterly revenue for the holidays season that beat analysts' estimates on strong demand in Europe and Asia, sending its shares up nearly 12 percent in extended trade.

BMW raises R&D spending for electric, autonomous cars

German carmaker BMW will increase research and development (R&D) spending to an all-time high of up to 7 billion euros ($8.6 billion) this year as part of efforts to bring 25 electrified models to market by 2025.

Hermes boosts dividend as luxury industry thrives

French luxury goods maker Hermes, known for $10,000-plus leather handbags such as the Birkin, rewarded shareholders on Wednesday with a higher dividend and a one-off payout after a bumper year for sales and profits.