Tag: misses

EV maker Rivian misses quarterly deliveries expectations, shares tank

(Reuters) -Rivian Automotive missed market estimates for fourth-quarter deliveries on Tuesday as tough competition and high interest rates weighed on demand for its electric vehicles. Shares of Rivian fell around 6% in pre-market trading. The company delivered 13,972 vehicles in the quarter to Dec. 31, 10% lower than the previous quarter. It was below estimates […]

EV maker Rivian misses quarterly deliveries expectations, shares tank

(Reuters) -Rivian Automotive missed market estimates for fourth-quarter deliveries on Tuesday as tough competition and high interest rates weighed on demand for its electric vehicles. Shares of Rivian fell around 6% in pre-market trading. The company delivered 13,972 vehicles in the quarter to Dec. 31, 10% lower than the previous quarter. It was below estimates […]

FedEx profit misses, cuts full-year revenue forecast, shares sink

By Lisa Baertlein and Priyamvada C (Reuters) -FedEx cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets on Tuesday, sending shares tumbling 8.5%, as it battles for business in what is shaping up to be a weak holiday season. The company’s shares fell to $256.20 in extended trading […]

Large Icelandic volcano eruption misses local town

COPENHAGEN (Reuters) – Lava from a large volcanic eruption in Iceland appeared to flow away from the only town in the area, offering hope that homes would be spared, geologists and rescue officials said on Tuesday. The eruption late on Monday on the Reykjanes peninsula in southwest Iceland spewed lava and smoke more than 100 […]