SAN FRANCISCO—Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition. Tesla is expected as early as this weekend to report global deliveries of 445,000 vehicles in April to June, according to the average…
Tesla Set to Report Record Quarterly Vehicle Deliveries, Fueled by Incentives
Apple Posts Quarterly Revenue Decline; iPhone Sales Solid
Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results reported Thursday were better than Wall Street’s muted expectations and Apple’s stock rose in after-hours trading. The latest numbers come after…
eBay Forecasts Upbeat Revenue as Sneakers, Refurbished Items Drive Growth
EBay Inc. on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches. A selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales at a time when…
McCormick Beats Quarterly Estimates on Higher Prices, Reiterates Outlook
McCormick & Co Inc. beat first-quarter sales and profit expectations last week as the Cholula sauce maker benefited from multiple prices increases. The Maryland-based food company had been raising prices of its products, including spices, blends, and seasonings to help offset costs pressure from pandemic-induced supply chain disruptions and higher labor charges. The company’s gross…
Taiwan Chipmaker TSMC Says Quarterly Profit Up 78 Percent
TAIPEI, Taiwan—Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday its quarterly profit rose 78 percent over a year earlier but forecast weak demand this year. Revenue for the final quarter of 2022 rose 42.8 percent over a year earlier to 625.5 billion New Taiwan dollars…
Toyota to Cut Quarterly Production to Ease Strain on Beleaguered Suppliers
March 12, 2022
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TOKYO—Toyota Motor Corp. will scale back domestic production by up to 20 percent during the months of April, May, and June, it said on Friday, to ease the strain on suppliers struggling with shortages of chips and other parts. The move by Japan’s largest automaker is the latest to spotlight the supply-chain difficulties hobbling the…
A Tale of Two Chip Stocks: Intel, Texas Instruments Get the Ball Rolling for Semiconductor Earnings
Intel Corporation and Texas Instruments Incorporated report quarterly results this week, marking the beginning of the big tech earnings season. Texas Instruments is scheduled to report Tuesday after the close, and Intel will release its quarterly report the next day after the close. Here are Rosenblatt Securities’ expectations concerning the first two big tech earnings to…
Read How Analysts View Netflix Ahead of Quarterly Results
Analysts were divided on their opinions on Netflix Inc. ahead of its quarterly results this week. KeyBanc analyst Justin Patterson notes that Netflix’s price increase was more significant than anticipated, which he believes implies a 1 percent lift to his/Street 2022 revenue. Nonetheless, the analyst has unchanged estimates due to the proximity of earnings, which should shed light…
BlackRock Quarterly Profit Beats Estimates as Rise in Assets Boosts Fee Income
October 13, 2021
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BlackRock Inc., the world’s largest money manager beat third-quarter profit estimates as an improving economy helped boost its assets under management, driving up fee income. Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on…
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