Things aren’t going well for Tesla right now. With first-quarter earnings due out later today, investors are wondering what CEO Elon Musk can do to turn the tide in shares of the electric vehicle maker. The stock is down 43% this year to $142.05 through Monday’s close and has dropped for seven straight days as […]
Tag: firstquarter
AbbVie Stock Is 9% Off Its Record High, And There’s Bad News Heading Into Its First-Quarter Report
AbbVie (ABBV) stock has slumped 9% off its record high in March and is facing increasingly steep competition for its biggest moneymaker, inflammation drug Humira. X According to data collected by Iqvia, the number of prescriptions of Novartis‘ (NVS) Hyrimoz has “stepped up dramatically in recent weeks,” Leerink Partners analyst David Risinger said in a […]
TSMC set to report 5% rise in first-quarter profit on strong AI chip demand
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped […]
TSMC first-quarter profit expected to rise 5% on strong AI chip demand
By Ben Blanchard and Faith Hung TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a […]
UnitedHealth hack looms over first-quarter earnings report
By Sriparna Roy (Reuters) – UnitedHealth is expected to record higher medical costs in its first earnings report since a cyberattack disrupted its technology systems including those that manage prescription and medical claims, analysts said. The attack, disclosed on Feb. 21, affected hospitals, clinicians, and pharmacies nationwide. Some providers are still unable to access medical […]
EV maker Lucid beats first-quarter delivery estimates as price cuts boost demand
By Zaheer Kachwala (Reuters) -Lucid reported first-quarter deliveries above market expectations on Tuesday as price cuts helped boost demand for its luxury electric sedans, sending its shares up about 3%. The electric-vehicle startup handed over 1,967 vehicles in the first quarter, compared with estimates of 1,745, according to eight analysts polled by Visible Alpha. Lucid […]
UPDATE 2-EV maker Nikola beats first-quarter deliveries estimates for hydrogen trucks
(Adds details in paragraph 3, background in paragraphs 4 to 7) April 4 (Reuters) – Nikola surpassed estimates for deliveries of its hydrogen big rigs in the first quarter, a sign it was making progress in its pivot to the technology from battery electric trucks after some missteps that battered its share price. The electric […]
Exxon Sees Lower First-Quarter Earnings on Commodity Prices, Trading
(Bloomberg) — Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives. Most Read from Bloomberg Exxon’s upstream division will take a hit of as much as $1 billion from lower oil and […]
Ulta Beauty tanks as CEO warns of sluggish first-quarter demand, drags peers
(Reuters) – Shares of Ulta Beauty tumbled as much as 14% on Wednesday after executives flagged a slowdown in demand across categories in the first quarter, dragging down peers elf Beauty, Coty and Estee Lauder. Ulta now anticipates its total category to increase at a modest mid-single-digit range after years of strong growth. “What we’ve […]
Stocks muted as booming first-quarter comes to close
US stock futures were muted Thursday morning as markets were set to close a fruitful first quarter of 2024. Futures tied to the S&P 500 (^GSPC), the blue-chip Dow Jones Industrial Average (^DJI), and the tech-heavy Nasdaq Composite (^IXIC) all hovered around the flatline. The benchmark S&P set its latest record close of the year […]
HP misses first-quarter revenue estimates on sluggish demand in PC market
Feb 28 (Reuters) – HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades. Enterprise customers are keeping a tight leash on their budgets and spending cautiously in the wake of an […]
Norwegian Cruise forecasts upbeat first-quarter profit on robust demand
(Reuters) -Norwegian Cruise Line Holdings forecast a first-quarter profit on Tuesday betting on higher ticket prices and steady demand in the U.S. for cruises to the Caribbean and Europe, sending the company’s shares up 6.3% in premarket trading. Cruise operators are experiencing record levels of bookings in 2024 as travelers look to spend on novel […]