Breaking News: Earnings
Lucid misses revenue expectations after EV deliveries disappoint
In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Justin Sullivan | Getty Images Luxury electric vehicle maker Lucid Group reported that its second-quarter revenue fell short of Wall Street’s expectations after it delivered fewer of its Air luxury sedans than expected during the period. […]
Read More
Nikola loss narrows as production of fuel-cell semitruck begins; company says CEO to step down
Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a “family health matter.” Nikola’s current board chair, former General Motors vice chairman Steve Girsky, will take over as CEO. Lohscheller will remain in an advisory capacity until the end of […]
Read More
Fisker’s loss narrows as EV deliveries begin despite supplier snags
Fisker began deliveries of its battery-electric Ocean SUV in the second quarter of 2023. Courtesy: Fisker Electric vehicle startup Fisker on Friday reported a second-quarter loss that was narrower than expected, despite struggling to get the electric Ocean SUV into full production during the period amid supplier issues. Fisker produced just 1,022 Oceans in the […]
Read More
Airbnb studies ongoing deceleration in evenings and activities booked
Airbnb CEO Brian Chesky appears at “The Activity Strategy: Tactics for Entrepreneurs” at Airbnb Open up in Los Angeles on Nov. 19, 2016. Kurt Krieger – Corbis | Getty Illustrations or photos Entertainment | Getty Pictures Airbnb shares slid as a great deal as 6% in prolonged buying and selling on Thursday after the shorter-phrase […]
Read More
Amazon studies gross sales advancement of 11% and concerns optimistic guidance
Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon slicing prior to tomorrow’s opening evening for the NHL’s most recent hockey franchise the Seattle Kraken at the Local weather Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Pictures Activity | Getty Pictures Amazon mentioned second-quarter revenue climbed 11%, and the […]
Read More
Moderna shares rise on better Covid vaccine outlook despite sharp drop in sales
Artur Widak | Nurphoto | Getty Images Shares of Moderna rose Thursday after the biotech company hiked its full-year outlook for its Covid vaccine, its only marketable product, despite reporting a quarterly loss and sharp drop in revenue. Here are Moderna’s results: Loss per share: $3.62 (That may not be comparable to the $4.04 expected by […]
Read More
EVgo revenue beats analyst expectations as private-label charging business booms
A view of an EVgo EV charging station on July 28, 2023 in Corte Madera, California. Justin Sullivan | Getty Images EV charging network operator EVgo on Wednesday reported second-quarter revenue that beat Wall Street’s expectations and posted a narrower-than-expected loss, as more EV drivers used its network and revenue from its private-label eXtend unit boomed. EVgo […]
Read More
Humana shares rise after insurer says medical costs came in lower than expected
A Humana office in Louisville, Kentucky, July 31, 2023. Jon Cherry | Bloomberg | Getty Images Humana shares rose Wednesday after the health insurer said medical costs came in lower than expected during its second-quarter earnings report. The results ease investor concerns two months after Humana and rival UnitedHealth Group warned that a surge in […]
Read More
Shares of e.l.f Beauty surge 15% after company raises full-year guidance on surging sales
Tarang Amin (C), Chairman and CEO of cosmetics company e.l.f. Beauty Inc., rings the opening bell at the New York Stock Exchange (NYSE) to celebrate his company’s IPO in New York City, U.S. September 22, 2016. Brendan McDermid | Reuters Drugstore makeup brand e.l.f Beauty raised its full-year outlook on Tuesday after reporting a 76% […]
Read More
Starbucks beats earnings estimates, but product sales disappoint despite China growth
Starbucks symbol is noticed on a cup in this illustration picture taken in the cafe at the airport in Charleroi, Belgium on July 27, 2023. Jakub Porzyck | Nurphoto | Getty Photographs Starbucks on Tuesday noted quarterly earnings that conquer analysts’ anticipations, but its exact same-store revenue missed Wall Street’s estimates. Shares of the enterprise […]
Read More