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......»»
Tim Cook addresses Apple Intelligence’s staggered rollout and ChatGPT timing
The first version of Apple Intelligence is now available for developers, but there’s a lot it’s missing. iOS 18.1 beta 1 brings the new Siri, for example, but lacks key features like ChatGPT integration. In yesterday’s Apple earnings call, Tim.....»»
9to5Mac Daily: August 2, 2024 – AAPL Q3 2024 earnings
On today’s episode of 9to5Mac Daily, we discuss Apple reporting record Q3 2024 earnings. We also cover Apple’s motion to dismiss the DOJ antitrust lawsuit, citing harm to innovation and user experience. Additionally, we highlight the corroborated.....»»
Apple earnings, Apple Intelligence, and you"ve got a Friend, on the AppleInsider Podcast
Apple has reported better than expected earnings — you were worried there for a minute — while Apple Intelligence is finally out in beta. And maybe you should be worried about a new device, the Friend.Apple CEO Tim Cook at Apple ParkThere's alway.....»»
Berkshire Hathaway may have continued its streak of selling off Apple stock
Well ahead of Thursday's earnings, the "Oracle of Omaha's" Berkshire Hathaway may have sold a very large quantity of Apple stock, marking the third consecutive quarter of big sales volumes.Warren Buffett [Berkshire Hathaway]Apple stock has had an int.....»»
Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes
Magna International took the unusual step of lowering its outlook for its 2026 financial performance as it grapples with automakers reducing, postponing or canceling electric vehicle plans amid soft sales growth......»»
Lucid to report Q2 earnings amid worries over cash burn, hopes for Gravity crossover
The EV startup, which launched the Air sedan in 2021, delivered a record 2,394 electric cars in the second quarter. But it also boosted sales incentives to $16,537 per car, Motor Intelligence said......»»
Apple reports record revenues despite stagnant iPhone sales
CEO Tim Cook spent much of the earnings call hyping Apple Intelligence. Enlarge / Apple CEO Tim Cook. (credit: Lionel Hahn/Getty Images) Apple reported its earnings results for the third quarter of the 2024 fiscal year,.....»»
Samsung just confirmed big upgrades for the Galaxy S25
We're still far from the launch of the Galaxy S25, but Samsung just tipped its hand in an earnings call, confirming the existence of the device and some specs......»»
Economic prospects brighten for children of low-income Black Americans, study finds
Economic prospects have improved in recent years for Black Americans born poor, according to new research from Opportunity Insights. At the same time, earnings have fallen for white Americans from low-income families......»»
Hybrids, currency windfalls help Toyota extend record profit momentum
Gasoline-electric hybrid cars helped bolster Toyota earnings in the latest quarter because hybrids typically have bigger margins and sell for higher prices......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Analysts expect modest growth in today’s AAPL Q3 2024 earnings report
AAPL Q3 2024 earnings will be revealed by the company later today, and Wall Street expects the company to report modest year-on-year sales growth of 2.3%. As is now standard, Apple didn’t offer any official revenue guidance for the quarter, but.....»»
What to expect from Apple"s Q3 2024 earnings on August 1
Apple will be releasing its earnings for the third quarter of 2024 on Thursday, August 1. Here's what predicted for Apple's quarter, and how it is expected to compare against previous reporting periods.Apple CEO Tim Cook at Apple ParkApple will be re.....»»
From scandals to slowdown, Toyota"s top 5 challenges in key earnings report
Toyota, after record financial results in the previous fiscal year, faces strong headwinds as it readies this week's key first-quarter earnings report. From safety scandals and production suspensions to wobbly China sales, here are the top 5 issues t.....»»
Research shows gig workers can boost earnings by building social skills
More than 50 million workers in the United States are part of the gig economy, either to supplement their main income or as their full-time job. New research by University of Alabama at Birmingham Collat School of Business professors Paul M. Di Gangi.....»»
Lear says Q2 earnings rise on record sales, lowers outlook amid EV uncertainty
Lear reported record sales and a modest gain in second-quarter net income as the company brings more automation technology in-house and adjusts to rapidly changing EV strategies......»»
4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
Stellantis to reduce output, cut prices after earnings plunge on weak U.S. results
Stellantis is counting on lower production, price cuts and new model launches to reverse plunging profits......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned $2.6 billion and achieved a 15.1 percent margin......»»