Sales
By Max A. Cherney, Arsheeya Bajwa (Reuters) -Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm. Shares of the Santa Clara, California-based company fell roughly 1% in extended trading.They had closed…
Chinese Apple rival Xiaomi’s big bet on EVs looks like it is paying off.The SU7 EV has proven a hit in China, and even attracted praise from Ford CEO Jim Farley.The tech giant said it surpassed its 100,000 annual sales target for the SU7 by November.Xiaomi’s SU7 has got the…
By Arsheeya Bajwa (Reuters) -Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and supply chain issues to sell its latest AI chips is likely to be a barometer for its stock…
By Elisa Anzolin MILAN (Reuters) – Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro…
By Savyata Mishra (Reuters) -Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-related spending in the current quarter. The top U.S. home improvement chain also posted better-than-anticipated third-quarter results, a stark contrast from…
By Patrick Wingrove (Reuters) -Novavax cut its annual revenue forecast on Tuesday, citing lower-than-expected sales of its COVID-19 vaccine, ahead of handing over the rights to sell the shot to French drugmaker Sanofi (NASDAQ:). Shares of the U.S. biotech firm dropped about 8.2% to $8.28 in premarket trading. The U.S.…
Starbucks’ ex-CEO, Howard Schultz, told Fortune he trusts successor Brian Niccol to revitalize the company.Niccol plans a back-to-basics strategy as the coffee chain faces low sales.Schultz, who served three stints as CEO, said there’s no chance he’ll reprise his role again. Brian Niccol knew when he took over in September…
Investing.com — Boeing’s (NYSE:) efforts to stabilize its financial position amid challenging market conditions have intensified following a recent equity raise, but analysts at Wells Fargo suggest that asset sales could provide critical support to the company’s balance sheet. Currently, Boeing’s credit rating sits just above high-yield status, with negative outlooks…
By Patrick Wingrove (Reuters) – Moderna (NASDAQ:) reported a surprise third-quarter profit on Thursday, driven by cost cutting and higher-than-expected sales of its COVID-19 vaccine, even with low revenue from its new respiratory syncytial virus shot. The Cambridge, Massachusetts-based company posted a profit of $13 million, or 3 cents a…
Ramaco Resources, Inc. (METC) announced its strongest operational quarter for the year in its Third Quarter 2024 Earnings Call, marked by record production and sales figures. Despite a drop in metallurgical coal prices, the company maintained solid cash margins and reduced cash costs, indicating efficient operational management. The adjusted EBITDA…
