CHPT expects revenue increases through 4Q21
Taiwan-based IC test solutions provider Chunghwa Precision Test Tech (CHPT) expects to post sequential revenue increases through the fourth quarter of 2021, buoyed by growing demand for 5G smartphone chips, as well as HPC and radio-frequency ICs, acc.....»»
Elon Musk reveals when he expects Starship megarocket to fly again
SpaceX boss Elon Musk has shared a timeframe for when he believes its powerful Starship rocket will embark on its fourth test flight......»»
The secret to mimicking natural faults? Plexiglass and Teflon
When a fault ruptures in nature, some sections of the fault slip suddenly and seismically, weakening as velocity increases. Other regions creep slowly and strengthen with increasing velocity. The relative locations of these sections affect the size a.....»»
CarGurus reports net income jump, more digital wholesale losses
The vehicle listings company said its marketplace revenue grew by double digits and work to overhaul its wholesale business is continuing......»»
ACV reports Q1 net loss of $20M; revenue up 22%
ACV also said the number of used vehicles transacted by dealers and commercial auto companies on its wholesale marketplace platform grew 15 percent year over year......»»
Accounting change drives down Cars Commerce Q1 net income
Cars Commerce's 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped boost average revenue per dealer......»»
Every drop counts: New algorithm tracks Texas"s daily reservoir evaporation rates
Summer can be an extra challenging time for Texas's 189 major water supply reservoirs. With temperatures consistently reaching 100 degrees or higher, reservoir evaporation rates see high increases......»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
Replacing curbside carparking with bike lanes: A "Robin Hood planning" idea
Turning curbside carparks into cycling lanes could improve city accessibility and livability without affecting business revenue, University of Queensland research has found......»»
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues
Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share......»»
Team describes MXene-supported PtCo bimetallic catalyst for hydrogen evolution in acidic conditions
Hydrogen energy is considered a promising solution with high energy density and zero pollution emissions. Currently, hydrogen is mainly derived from fossil fuels, which increases energy consumption and greenhouse gas emissions, hindering efforts to a.....»»
Openlane Q1 earnings: Net income rises 46%; revenue down 1%
Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter......»»
Foxconn saw best-ever April revenues partly because of better than expected iPhone demand
Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.Workers in a Foxconn factoryIn March 2024, Foxconn's parent company Hon Hai Precision.....»»
From scandals to slowdown, Toyota faces these top five challenges as it pursues record profits
Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace......»»
American Axle Q1 revenue, profit climb
American Axle & Manufacturing increased revenue and profit in the first quarter thanks to steadier production from its customers. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year......»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Apple Q2 2024 earnings brought to life by Six Colors, with video too
Yesterday saw the announcement of the Apple Q2 2024 earnings report, which were pretty much exactly as expected – revenue coming in at $90.75B against Wall Street expectations of $90.1B. As usual, Six Colors has brought the numbers to life with.....»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»
Wildfires in wet African forests have doubled in recent decades, large-scale analysis finds
A new study presents the first large-scale analysis of fire patterns in West and Central Africa's wet, tropical forests. The number of active fires there typically doubled over 18 years, particularly in the Congo Basin. The increases are primarily du.....»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»