Magna Q4 earnings plummet
The quarterly and annual earnings drops for Magna, the world's fourth-largest supplier by annual sales to automakers, reflect the broader financial struggles parts suppliers have faced during the last year......»»
5 defining moments from Tesla"s Q1 earnings
Industry analysts expected bad news from Tesla's first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
GM posts higher Q1 profit, ups 2024 financial guidance
GM said it raised its full-year earnings guidance and set a first-quarter record for North American revenue......»»
Tesla cuts Full Self Driving cost by 1/3 ahead of earnings call
With the Model 2 cancelled, FSD is more important to Tesla than ever. Enlarge / Tesla's "Full Self Driving" system just got a third cheaper. (credit: Edie Leong for The Washington Post via Getty Images) Tesla has dropped.....»»
Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report; broad price cuts launched
CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»
Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report
CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»
Password crackdown leads to more income for Netflix
Netflix to stop reporting subscriber numbers, prioritizing viewer engagement instead. Enlarge (credit: Bloomberg) Netflix’s crackdown on password sharing helped the streaming service blow past Wall Street’s earnings.....»»
Netflix Gained More than 9 Million Subscribers for Q1 2024
New data from Netflix's reported earnings show that it gained 9.33 million paid subscribers for Q1 2024 alone. The post Netflix Gained More than 9 Million Subscribers for Q1 2024 appeared first on Phandroid. Netflix is in an interesting sp.....»»
5 reasons Elon Musk is cutting jobs at Tesla ahead of Q1 earnings
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk said. Tesla reports earnings April 23 after global sales fell 8.5 percent last quarter on weak demand......»»
Unfortunately, a surprise million-dollar App Store windfall for some developers is a bug
Some developers had an exciting morning, as a bug in App Store Connect misreported millions in earnings from apps in the App Store for a while.App Store ConnectApp Store Connect provides developers with analytics and figures relating to apps submitte.....»»
CarMax"s market share prospects in focus ahead of Q4 earnings
CarMax, of Richmond, Va., reports earnings Thursday for the fiscal quarter and year ended Feb. 29......»»
Clocks going forward can catch investors napping: How investors" reactions are affected by sleep disruption
Clocks losing an hour in spring significantly affects how investors respond to companies that reveal unexpected levels of earnings, research shows......»»
Apple schedules Q2 2024 earnings release for May 2 ahead of WWDC
Apple has just announced that it will release its earnings report for the second quarter of fiscal 2024 on Thursday, May 2. As usual, the company will release its Q2 2024 earnings report and then hold a conference call with investors and analysts to.....»»
What to expect from Apple"s Q2 2024 earnings on May 2
Apple will be revealing its second fiscal quarterly results on May 2. This is what to expect from the financial results and the ensuing analyst conference call.Apple ParkApple confirmed on Thursday that it will be holding its second-quarter earnings.....»»
Apple will surrender less than a day of earnings to satisfy class action suit
The class action lawsuit accusing Tim Cook of misleading investors over falling sales in China has been settled for half a billion dollars.Tim Cook's comment cost Apple $61 million per wordIt's now almost six years since Tim Cook confirmed in a late.....»»
Vroom reports Q4 net loss of $141 million amid used e-commerce wind down
In addition to reporting earnings, Vroom said it expects the wind down of its used-car e-commerce operations to be mostly completed by the end of March......»»
Analyst: AutoNation seeks to expand store network
"I will tell you that we have a number of opportunities at this point in time," CEO Mike Manley said during the company's fourth-quarter earnings call......»»
GM, Magna and Wipro launch auto software ‘matchmaking" platform
GM, Magna and Wipro partnered to build a new sales platform for buyers and sellers of automotive software, saying it will help the industry keep new technology costs down......»»
GM and Magna launch auto software ‘matchmaking" platform
GM, Magna and Wipro partnered to build a new sales platform for buyers and sellers of automotive software, saying it will help the industry keep new technology costs down......»»
EU fine and shift to AI applying opposing forces to Apple"s value, holding it steady
An analyst note suggests regulation from the EU and the $2 billion fine may put pressure on Apple's earnings per share, but its shift to AI will help keep the earnings multiple even at about 25x.Apple is dealing with regulatory pressures and other un.....»»