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......»»
Gentex profits surge in Q2 as component shortages ease
Gentex's earnings are generally considered a quarterly predictor for other suppliers' results......»»
Researchers look at who"s to blame for financial fraud
When companies deceive shareholders about earnings or commit other kinds of accounting fraud, the legal fireworks can be spectacular. Even if the companies don't collapse, as in the notorious Enron case, some executives are sent to jail, fired, or ot.....»»
US Android phone shipments plummet 38% in Q2 as iPhone only sinks 6%
The latest Counterpoint Research study shows that US Android phone shipments plummeted 38% in Q2 while Apple’s iPhones fell 6%. Even though smartphone shipments declined … The post US Android phone shipments plummet 38% in Q2 as iPhone on.....»»
Magna inks silicon carbide deal with semiconductor maker Onsemi
Magna said it entered a 10-year supply agreement for silicon carbide microchips from semiconductor manufacturer Onsemi. Silicon carbide chips are in high demand for EV components......»»
Windows, hardware, Xbox sales are dim spots in a solid Microsoft earnings report
Company also expects to spend ever more money to support its ongoing AI efforts. Enlarge (credit: Getty Images) It has been a tough year for PC companies and companies that make PC components. Companies like Intel, AMD,.....»»
Penske Automotive Q2 earnings fall on record revenue
Premium brands represented 71 percent of Penske's retail automotive sales in the second quarter, with BMW and Mini accounting for 25 percent of the total......»»
Microsoft, Google and Snap report earnings
Microsoft, Google and Snap report earnings.....»»
Morgan Stanley predicts accelerated growth for Apple by September
Investment bank Morgan Stanley's analysts are expecting Apple's June earnings to be as expected, but also claim that the quarter ending in September will see much higher growth.An Apple Store logoAhead of Apple's next earnings call on August 3, 2023,.....»»
Goldman Sachs expects iPhone 15 to spearhead strong Apple growth
Alongside predicting a healthy but stable Apple quarterly earnings report in August, Goldman Sachs analysts say the iPhone 15 lineup will see greater numbers of users upgrading.iPhone 15 Pro could come in blueJust as Morgan Stanley is saying, Goldman.....»»
GM Financial Q2 earnings drop to $571 million
GM Financial is increasing its full-year EBT adjusted guidance to $2.5 billion to $3 billion......»»
Magna commits $790M to build three Tenn. plants supplying Ford
Magna, eyeing new EV business, will build three new factories in Tennessee to support upcoming Ford electric pickup production at its BlueOval City factory......»»
While striking actors and writers bash Netflix, it just added millions of new subscribers
Netflix’s quarterly earnings always offer a fascinating peek under the hood of the biggest streaming service in the world, but today’s update was especially noteworthy … The post While striking actors and writers bash Netflix, it ju.....»»
Apple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’
Back in January, we learned that Apple Card has been responsible for more than a billion dollars in losses for Goldman Sachs in recent years. Now amid rumors that Apple is looking to leave Goldman for Amex, the former has reported its Q2 earnings an.....»»
Apple to unveil Q3 2023 financial results and host first analyst call since hitting $3T
Apple has set the date for its next quarterly earnings report. The company will release results and host a conference call with analysts next month. more… The post Apple to unveil Q3 2023 financial results and host first analyst call since hittin.....»»
What to expect from Apple"s third quarter 2023 earnings report
Apple has declared it will reveal details of its earnings from the second fiscal quarter of 2023 on August 3, accompanied by the usual conference call with investors. Here are the factors that will contribute to the report.The call itself, hosted by.....»»
SSD prices set to plummet, so now could be a great time to upgrade
SSDs are becoming more and more a better value proposition over HDDs, which could be a boon for small businesses looking to get started storing data......»»
VW brand will reduce lineup, shake up production to boost earnings
VW brand will streamline its lineup to focus on volume models and share more production with other group brands to boost profitability......»»
Working hard for money decreases consumers" willingness to risk their earnings, study shows
Studies show that consumers believe people who work hard for their money have higher incomes, are more financially literate and are more comfortable taking on prudent financial risk......»»
Inventory correction for passive components persists, says Yageo
Inventory adjustments for passive components are ongoing amid unfavorable macro conditions, according to Yageo chairman Pierre Chen, who anticipates L-shaped recovery in the second half of this year. During Yageo's earnings call on June 6, Chen said.....»»
Ford hires Whirlpool executive Liz Door as chief supply chain officer
The automaker, which saw its suppler relations score plummet in a recent study, said it has hired Liz Door, a sourcing executive at Whirlpool......»»