Investing.com — Microsoft Company (NASDAQ:MSFT) mentioned Wednesday it will take a $800 million writedown in Q2 on its stake in Common Motors-backed robotaxi agency Cruise only a day after the automaker introduced it will halt funding for robotaxi manufacturing.
The impairment cost of roughly $800 million seen in Q2 is predicted to have a detrimental affect of roughly $0.09 to Q2 diluted earnings per share.
This cost wasn’t included within the the corporate’s second quarter steering supplied on October 30, 2024.
Microsoft introduced it had taken a minority stake in Cruise in January 2021.
An information analytics firm which has grow to be one in all Britain's hottest expertise…
By Maria Martinez BERLIN (Reuters) - Germany's opposition conservatives CDU/CSU received the nationwide election on…
The following federal employee dropping their job might be your neighbor, even in the event…
(Bloomberg) -- Federal Reserve Financial institution of Chicago President Austan Goolsbee downplayed a report launched…
Shares limped into the weekend as a string of financial knowledge sparked issues about slower-than-expected…
(Bloomberg) -- The Federal Reserve’s most well-liked inflation metric is predicted to chill to the…