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3M posted weaker-than-expected first quarter earnings Thursday and said it will launch a restructuring plan, including 2,000 job cuts, that will re-align the company into four business units as it slashed 2019 profit forecasts.
Comcast reported stronger-than-expected first quarter earnings Thursday, but softer revenues clouded the media group's first 2019 report following the $39 billion takeover of Britain's Sky plc last year.
Tesla founder Elon Musk might see some "merit" in raising capital to support his loss-making company, but a long-time critic of the controversial CEO thinks the group's latest earnings miss signals financial distress, not near-term profitability, for the clean-energy carmaker.