Rivian Automotive Inc
Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025
Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit – a target closely watched by investors – but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the […]
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Stocks making the biggest moves midday: McDonald’s, GameStop, On Semiconductor and more
Check out the companies making headlines in midday trading. McDonald’s — The fast-food giant jumped more than 3% following its earnings announcement . While adjusted earnings came in at $2.83 per share, in-line with expectations, revenue of $6.39 billion fell short of the $6.44 billion LSEG consensus estimate. The company’s same-store sales growth of 0.4% […]
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Stocks making the biggest moves midday: Frontier, Trump Media, T-Mobile, Starbucks and more
Check out the companies making headlines in midday trading. F5 — Shares jumped more than 11% after the application security company posted better-than-expected guidance for the fiscal second quarter. F5 said to expect revenue to come in between $705 million and $725 million, beating the consensus forecast of $702.7 million from analysts polled by FactSet. […]
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Stocks making the biggest moves midday: Novo Nordisk, J.B. Hunt, Qorvo and more
Check out the companies making headlines in midday trading. Crypto stocks – Stocks tied to crypto prices jumped amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as the first day of his new term. Shares of crypto exchange operators Coinbase and Robinhood advanced 4.5% and […]
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Stocks making the biggest moves premarket: J.B. Hunt, Qorvo, Fastenal and more
Check out the companies making headlines before the bell: J.B. Hunt Transport Services — Shares fell more than 7% after the company’s fourth-quarter earnings came in weaker than expected. J.B. Hunt earned $1.53 per share, below the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period came in line with expectations at […]
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VW’s Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share
Scout Terra pickup truck and Scout Traveler SUV concepts Scout LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume. Volkswagen revived Scout, which was an American brand from 1961 to 1980, and revealed production-intent vehicles of its Terra pickup truck […]
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Stocks making the biggest moves midday: Rivian Automotive, Anheuser-Busch Inbev, Ford and more
Check out the companies making headlines in midday trading. Rivian Automotive – Shares popped 19% after the electric vehicle maker’s vehicle production and deliveries for 2024 met the company’s previously announced guidance. This comes after the company had lowered its production target for the full year in October. U.S. Steel – Shares fell 6% following […]
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Rivian meets its 2024 vehicle production target after lowering projections
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The electric vehicle maker on Friday said it produced 49,476 vehicles last year, including 12,727 trucks […]
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Tesla shares slide after it reports first drop in annual deliveries
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles on Oct. 10, 2024. Tesla | Via Reuters Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers: Total deliveries Q4 2024: 495,570 Total production Q4 2024: 459,445 Total annual deliveries 2024: 1,789,226 […]
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Stocks making the biggest moves midday: Nvidia, Ollie’s Bargain Outlet, Birkenstock, Disney and more
Check out the companies making headlines in midday trading. Nvidia – Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory. Shares have surged more than 175% since the start of 2024. General Mills — The consumer products maker slid 2.6% after telling investors to expect a […]
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