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The platform became the world’s fastest-growing app when it launched after hitting 100 million users in just five days.A year on, Threads is still growing, albeit not as quickly. Zuck said last week the X rival now has more than 175 million monthly active users.Threads owes much of its early…
By Hyunjoo Jin, Akash Sriram (Reuters) -Tesla on Tuesday reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, as the electric carmker’s price cuts and incentives helped mitigate cooling demand. Shares of the world’s most valuable automaker rallied more than 10% on Tuesday, hitting the highest level…
MINNEAPOLIS – Apogee (NASDAQ:) Enterprises, Inc. (NASDAQ:APOG) today announced an impressive first-quarter fiscal 2025 performance with a significant beat on both earnings and revenue expectations, alongside a raised earnings outlook for the full year. Apogee’s stock responded positively to the news, rising 3.8%. The company reported a first-quarter adjusted diluted…
China’s newest aircraft carrier, which just completed its maiden sea trials, appears to be a substantial improvement over its two predecessors. It’s a modern flattop boasting far more capability than China’s earlier takes on an older Soviet design.The Fujian clearly symbolizes China’s desire to build a blue-water navy able to…
DRAPER, Utah – HealthEquity Inc. (NASDAQ: HQY), the nation’s largest health savings account (HSA) custodian, reported a robust first quarter with earnings and revenue surpassing analyst expectations, propelling its shares upwards by 4% in response. The company’s adjusted EPS of $0.80 beat the consensus estimate of $0.66, while revenue for…
RESTON, Va. – Science Applications (NASDAQ:) International Corporation (NASDAQ: SAIC), a premier Fortune 500® technology integrator, reported first-quarter earnings per share (EPS) of $1.92, aligning with analyst projections. Revenue for the quarter marginally surpassed expectations, coming in at $1.85 billion against the consensus estimate of $1.84 billion, marking a slight…
By Nick Carey and Giulio Piovaccari LONDON (Reuters) – Starting in the 1980s, European automakers steadily conquered China, racking up millions in sales with little local competition. Now they’ll have to defend their home turf in Europe from an onslaught of formidable Chinese electric vehicles. Chinese EV titans BYD (SZ:),…
(Updated – May 23, 2024 5:10 AM EDT) Snowflake (NYSE:) reported a solid start to the fiscal year with first-quarter revenue exceeding analyst expectations, sending shares up 4% in premarket trading Thursday. The cloud-based data warehousing company announced that its revenue for the quarter reached $828.7 million, a 33% increase…
By Samuel Shen and Dhara Ranasinghe SHANGHAI/LONDON (Reuters) – Emboldened by China’s latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week’s sweeping measures…
As earnings season unfolds, Morgan Stanley (NYSE:)’s analysis reveals an impressive trend: three-quarters of the companies in their coverage universe have surpassed earnings estimates, signaling robust performance both in terms of depth and breadth. With earnings beating estimates by 6 percentage points (ppt) and a breadth of 56%, the market’s…
