FourthQuarter

Johnson & Johnson reported a 25% drop in earnings and declining sales for the fourth quarter as demand dropped for its Covid-19 vaccine, while providing a cautious forecast for sales growth as the company undergoes a big transformation.The New Brunswick, N.J., healthcare-products company said Tuesday that quarterly revenue fell 4.4% to $23.71 billion on fewer vaccine sales and a stronger dollar, below analyst estimates of $23.9 billion, according to FactSet. Earnings came in at $1.33 a…

Pittsburgh-based Alcoa said higher costs for raw materials, energy and production have persisted. Photo: Justin Merriman/Bloomberg News…

Constantine Johnny | Moment | Getty ImagesThere's still time to avoid a penalty if you didn't pay enough taxes in 2022 — but the clock is ticking.If you are self-employed or receive income from gig economy work, investments and more, the deadline for your 2022 fourth-quarter estimated tax payment is Jan. 17.Your payment may reduce your 2022 tax bill and bypass extra penalties and interest, according to financial experts.More from Personal Finance:Tax season opens for individual filers on Jan. 23, says IRSHere are 3 key…

Lululemon said customer traffic remains strong. Photo: Dave Cole/The Wall Street Journal…

Samsung's profit in the fourth quarter last year dropped nearly 70% from a year prior due to low demand for semiconductors and smartphones from the global economic downturn.The South Korean tech giant said in its earnings guidance on Friday that it expected an operating profit of 4.3 trillion won and a revenue of 70 trillion won for the fourth quarter of 2022. Revenue dropped approximately 9% from a year prior but operating profit dipped by 69% over the same time period.Operating profit dropped also more than half from…

Marko Geber | DigitalVision | Getty ImagesIf you didn't pay enough taxes in 2022, there's still time to avoid a "surprise tax bill" and bypass extra penalties, according to the IRS. The deadline for fourth-quarter estimated tax payments for 2022 is Jan. 17, which applies to income from self-employment, investments, gig economy work and more."It's where you can make yourself whole at the end of the year," said certified financial planner John Chichester Jr., founder and CEO of Chichester Financial Group in Phoenix.More…

Adobe Inc. said fourth-quarter revenue rose 10% on continued strong demand for its software and services. The company on Thursday also issued profit guidance for the current quarter that was better than Wall Street analysts projected. Shares of Adobe, down 42% this year through Thursday’s close, added 5.7% in after-hours trading. Adobe Inc. said fourth-quarter revenue rose 10% on continued strong demand for its software and services. The company on Thursday also issued…

Delta Air Lines Inc. said it expects the travel rebound to maintain momentum heading into next year. The airline raised its profit outlook for the fourth quarter, citing strong demand for air travel to close out the year, and said it expects its adjusted earnings to nearly double in 2023 from this year’s level.  Delta Air Lines Inc. said it expects the travel rebound to maintain momentum heading into next year. The airline raised its profit outlook for the fourth quarter,…

Switzerland's second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva.Fabrice Coffrini | AFP | Getty ImagesCredit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss as it undertakes a massive strategic overhaul.The embattled lender last month announced a raft of measures to address persistent underperformance in its investment bank and a series of risk and compliance failures that have saddled it with consistently high litigation costs."These decisive…

Instacart Inc. is unlikely to launch an initial public offering this year, people familiar with the matter said, as turbulent financial markets hobble demand for new listings.Fidji Simo, chief executive of Instacart, wrote in a memo Thursday to employees that tumultuous market conditions are making an IPO for the grocery-delivery company “highly unlikely” in 2022. “The markets still remain closed for new IPOs, which is why there has not been a tech IPO in the last 10 months,” Ms. Simo wrote, adding that it has been the…