profitability
Investing.com — General Motors (NYSE:) Chief Executive Mary Barra used an investor day in Tennessee on Tuesday to reassure shareholders that its profit margins for its internal combustion engine (ICE) cars have not peaked and demand for electric vehicles is improving. Barra added that earnings before interest and taxes for next…
By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines (NYSE:) will lay out a strategy on Thursday to turn around its business and restore profit margins to pre-pandemic levels as the U.S. carrier faces pressure from an activist investor to shake up its management. The pioneering low-cost airline once boasted…
Precipio, Inc. (NASDAQ:), a diagnostic services and products company, reported continued revenue growth in its Q2 2024 earnings call, with its pathology division reaching breakeven at the end of the quarter. CEO Ilan Danieli expressed confidence in the company’s trajectory, emphasizing progress in both the pathology and product divisions. The…
Super League Gaming (NASDAQ:) (ticker: SLGG) reported its financial results for the second quarter of 2024, demonstrating significant strides in redefining the gaming industry as a media channel. The company saw a boost in user engagement and conversion rates through its immersive experiences and strategic partnerships with major brands. With…
2024 equity market performance has been predominantly driven by companies and sectors associated with artificial intelligence (AI). As of mid-June, the Information Technology (IT) and Communication Services sectors have surged over 20%, and the Bloomberg Magnificent 7 Index has risen by more than 30%, accounting for 71% of the S&P…
By Akash Sriram and Abhirup Roy (Reuters) -Rivian will be able to slash a fifth of its material costs from electric SUVs and pickups by the end of 2024, CEO RJ Scaringe said on Thursday, after a recent factory overhaul and a vehicle redesign to aid its push to profitability.…
Zhihu Inc. (ZH), a leading Chinese knowledge-sharing platform, has reported significant strides towards profitability in its first quarter 2024 financial results. The company has seen growth in its vocational training business and membership subscriptions, while also focusing on enhancing user engagement and AI technology development. Zhihu’s partnership with OpenAI and…
Velo3D Corporation (VLD) has announced in its First Quarter 2024 Earnings Conference Call that it met its revenue guidance with first-quarter revenue reaching $10 million, an increase from the previous quarter. Despite a negative gross margin of 29% for the quarter, the company is optimistic about achieving a positive gross…
