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......»»
Nvidia’s earnings are up 206% from last year as it continues riding the AI wave
Data center revenue is up 279% from the same quarter last year. Enlarge / Nvidia's AI-accelerating GPUs are driving its revenue numbers to new heights. (credit: Nvidia) Most Ars readers still probably know Nvidia best fo.....»»
Magna, Unifor reach tentative deal at Stellantis seat supply factory in Canada
A Unifor strike at the Magna plant came on heels of a union ratification vote at Stellantis workplaces in Canada, which wrapped up three months of bargaining between Unifor and Ford, GM, and Stellantis......»»
Honda lifts full-year earnings forecast on good foreign exchange, higher U.S. sales, better pricing
Honda's Executive Vice President Shinji Aoyama says a free-flowing supply of semiconductors is fueling production and sales while boosting profits......»»
Fisker delays Q3 earnings report, sending stock sharply lower
The EV startup said that the departure of its chief accounting officer on Oct. 27 and the appointment of a new one Monday delayed earnings, which were rescheduled for Nov. 13......»»
Fisker to report Q3 earnings after slow sales, price adjustments
The California-based startup cut its 2023 production forecast in August because of manufacturing issues and reduced the Ocean EV's price by $7,500 in October for the top Extreme trim......»»
Uber"s earnings, bookings, signal robust trip demand
Uber gave a forecast for bookings and profit that signal robust demand for the company’s ride-hailing and food delivery businesses in the busy holiday period......»»
Lucid faces tough Q3 earnings call after slow sales, price cuts
The startup is expected to lose $338,000 for every Air sedan it makes this year, according to Bloomberg Intelligence. On the upside, Lucid will present its new Gravity crossover on Nov. 16......»»
Once again, neither Mac nor iPad sales grew in Apple’s latest earnings report
The company still made $89.5 billion, though. Enlarge / A building at Apple Park, the company's Cupertino, California, HQ. (credit: Apple) Apple reported its earnings for the fourth quarter of its 2023 fiscal year on Thu.....»»
AAPL share price dropped 11% since last earnings report
AAPL’s share price dropped by 11% since the company’s last earnings report in August, losing more than $400B in market capitalization. The fall is discussed a couple of days ahead of Apple’s next earnings report, on Thursday. A new report no.....»»
AAPL Q4 2023: Analysts optimistic, despite warnings and negative signs
Tomorrow will see the announcement of AAPL Q4 2023 earnings, at a time when hardware revenue has been falling, and Apple itself has warned investors to expect big year-on-year drops in iPad and Mac sales. While Apple suggested that the previous qu.....»»
Wedbush says Apple"s earnings won"t be dented by falling China demand
Saying that other analysts have a "negative groupthink mentality" about Apple's iPhone earnings, Wedbush believes the reality is very different.Apple ParkIn September 2023, Wedbush raised its price target for Apple to $240, based on the iPhone 15's ".....»»
Tim Cook highlights all-time record for Apple Services & quarterly best iPhone sales
In Apple's latest earnings report, CEO Tim Cook says that Services had their best revenues ever, and that iPhone revenues hit a quarterly record.Apple's iPhone revenues hit a September quarter recordApple has announced its fourth quarter financial re.....»»
Apple paying out $0.24 per share Q4 dividend on November 16
The Q4 2023 earnings report has arrived with Apple's board of directors declaring a $0.24 per share after another year-over-year revenue decline.Apple earningsIt hasn't been the easiest year for Apple with a revenue decline across all four quarters o.....»»
Apple"s full-year results drop for the first time since 2019
Despite beating Wall Street estimates for the quarter, Apple's whole-year revenue has dropped year-over-year for the first time since 2019.Apple posted lower annual revenue for the first time since 2019As part of its quarterly earnings report, Apple.....»»
Apple CEO Tim Cook calls AI a fundamental technology
Artificial intelligence is the industry buzzword these days, and while Apple is remaining tight-lipped on the subject, CEO Tim Cook promises it's an integral part of its products.AI is already a big part of AppleApple held its quarterly earnings call.....»»
Uber, Lyft pay $328 million for “cheating drivers” out of earnings, NY says
Wrong deductions "withheld hard-earned pay from drivers," NY AG says. Enlarge / Ride-share pick-up and drop-off location in August 2023 for US Open in Flushing Meadows, New York. (credit: Getty Images | Universal Images Group).....»»
Toyota downgrades EV forecast in quest of record profits; quarterly net income nearly triples
Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but lifted its forecast for record earnings in the full fiscal year, expanding on an earlier outlook that already called for record-level profits......»»
Piper Sandler reduces Apple"s Q1 2024 earnings estimates, citing weak demand in China
Investment firm Piper Sandler suggests weak iPhone demand in China and economic headwinds will make Apple's December quarter weaker than expected.iPhone 15 Pro MaxApple has seen weaker quarters in the past year due to lower-than-expected iPhone sales.....»»
Ford deal a ‘stunning victory" for UAW; automaker begins slow production restart
Ford will discuss the financial impact of the strike, expected to top $1 billion, when it reports third-quarter earnings Thursday afternoon......»»
T-Mobile unlimited plans: Forced migration now completely abandoned [U]
Update: In an earnings call, CEO Mike Sievert told investors and analysts that the idea has now been completely abandoned – statement below. A reported move regarding some older T-Mobile unlimited plans got the carrier into hot water, and the co.....»»