Earnings

As Tesla prepares to report its second-quarter earnings, investors and analysts are keenly watching the numbers. Despite a challenging first half of the year, which saw Tesla reducing its workforce and experiencing a decline in vehicle deliveries, the company managed to exceed analyst expectations in some key areas. Tesla reported vehicle deliveries of 443,956 in
0 Comments
United Parcel Service recently reported its second-quarter profit and revenue, which fell below expectations. The company’s revenue guidance for 2024 was also revised downwards to approximately $93 billion, lower than the initial forecast of $94.5 billion. This unexpected outcome resulted in a 7% drop in the company’s shares during premarket trading. Additionally, UPS adjusted its
0 Comments
Taiwan Semiconductor Manufacturing Company (TSMC) has once again exceeded revenue and profit expectations in the second quarter. With revenue of 673.51 billion New Taiwan dollars ($20.82 billion) and net income of NT$247.85 billion, TSMC has shown impressive growth compared to LSEG consensus estimates. The company’s net revenue rose by 40.1% from the previous year, showcasing
0 Comments
Nokia, a once dominant player in the telecom industry, has recently seen a significant decrease in its operating profit. In the second quarter of this year, the company reported a 32% drop in operating profit, mainly due to weak demand for its 5G equipment. This decline has caused Nokia’s Helsinki-listed stock to plummet by 8%
0 Comments
The recent speculation surrounding the Federal Reserve’s decision to lower interest rates has significantly impacted the stock market. With the CME FedWatch tool indicating a 100% likelihood of a rate cut by September, stocks have surged to new highs. This positive sentiment has been reflected in the performance of major indices like the Dow Jones
0 Comments
Adidas saw a significant increase in its stock value after revealing that it would be revising its full-year 2024 earnings guidance upwards. The German sportswear company announced that it expected its operating profit to hit approximately 1 billion euros, a substantial increase from the initial projection of 700 million euros. This news comes on the
0 Comments
ASML recently reported its second-quarter earnings, surpassing both sales and profit expectations. Net sales came in at 6.24 billion euros, beating the expected 6.03 billion euros, while net profit reached 1.58 billion euros, surpassing the expected 1.43 billion euros. Despite a 9.5% decline in year-on-year net sales and an 18.7% drop in net income, the
0 Comments
Bank of America announced on Tuesday that its second-quarter revenue and profit outperformed expectations, driven mainly by increased investment banking and asset management fees. The company reported earnings of 83 cents per share, surpassing the 80 cents per share estimate by LSEG, and revenue of $25.54 billion, higher than the $25.22 billion estimate. Despite a
0 Comments