Stellantis Revenue Misses Forecasts on Lower U.S. Volumes, New Model Preparation — Update
As a group, the ramp-up of new models, including electric cars, weighed on results amid a changeover to new production platforms, Stellantis said. The carmaker released four of its planned 25 model ...
U.S. Futures Fall, European Stocks Mixed Ahead of Fed Decision
In commodities, Brent crude rose 0.1% to $87.33 a barrel, and WTI crude climbed 0.1% to $82.71 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 0.9% to ...
Tesla: Full Self-Driving Approval In China Supports Our View for Deliveries Growth In 2024
On April 29, Tesla TSLA shares rose over 10% at the time of writing due to multiple outlets reporting that the company ...
Prudential PLC Sales Rose in Most Markets, Offsetting Weakness in Vietnam
Prudential PLC said that new business profit rose 11% in the first quarter of the year with growth in most markets, offsetting weakness in Vietnam. The insurance-and-investment business said Tuesday ...
Stellantis Revenue Falls Below Forecasts on Lower Volumes, New Model Preparations
The company said lower sales volumes contributed to the result, with consolidated shipments falling 10% to 1.3 million vehicles. Preparations for a wave of new models in the second half, including ...
Volkswagen Group Profit Slides on Lower Sales Volume, Higher Costs — Update
The group's operating result slid 20% to 4.59 billion euros ($4.92 billion), below expectations of EUR4.82 billion, according to a poll of analysts from FactSet. The operating return on sales margin ...
Adidas Posts Better-Than-Expected Profit —- Update
For 2024, the company confirmed its outlook, having raised it on April 16 after a successful start to the year. Adidas assumes that its remaining Yeezy inventory will be sold on average cost ...
Markets Brief: AI Leaders Excel In Earnings Season So Far
Tech stocks with an AI advantage outperform, China markets could be stirring, and investors are turning their attention to ...
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Adidas Posts Better-Than-Expected Profit, Confirms Outlook
Adidas posted net profit that beat analysts' expectations and confirmed its preliminary figures for its first quarter, citing brand momentum. The German shoe and sportswear major said Tuesday that for ...
CaixaBank Raises Guidance as Lending Activity Picks Up
CaixaBank raised its 2024 guidance after it reported a higher net profit and revenue for the first quarter, benefiting from a pick-up in lending activity. The Spanish bank said it now expects a return ...
Volkswagen Group Profit Slides on Lower Sales Volume Higher Costs
The group's operating result slid 20% to EUR4.59 billion, making for an operating return on sales margin of 6.1%, Volkswagen said. The company posted a margin of 7.5% in the first quarter of last year ...
SoFi Earnings: Revenue Growth Slows on Lower Loan Growth and Higher Credit Costs
SoFi Technologies SOFI reported first-quarter earnings roughly in line with our expectations, though the firm did see slower ...