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Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | Reuters Eli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter, weighed down by disappointing sales of its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro, and slashed its full-year adjusted profit guidance. […]
Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week. Oil prices steadied following sharp falls Monday on relief that Israel’s strikes on Iran spared the country’s energy infrastructure and that the risk of escalation in the Middle East had […]
Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT — Ford Motor guided to the low end of its previously announced 2024 earnings forecast as it slightly topped Wall Street’s third-quarter expectations. The Detroit automaker said Monday it now […]
Nvidia’s revenue is projected to more than double this year to $125.6bn. Source link
David Ramos/Getty Images News Microsoft (NASDAQ:MSFT) will give investors a lot to digest during its earnings call next week, which will likely highlight Azure cloud growth, advances in generative artificial intelligence and new investor metrics. It is the first quarter featuring Microsoft’s recent updates Source link
IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period. However, the Net Interest Income (NII) grew 21% to Rs 4,788 crore in Q2FY25 versus Rs 3,950 crore in the year ago period. The earnings […]
Tesla stock has surged since the company reported earnings on Wednesday. Wall Street analysts broke down the factors they believe are fueling the rally. Emarketer analyst Jacob Bourne said the “surprise element” was the biggest contributor. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the […]
STORY: Mercedes Benz reported on Friday a 64% plunge in third-quarter car earnings… Massively missing analysts’ expectations. The German premium automaker felt the effects, as Chinese consumers continued to cut back on luxury goods in a weakening economy. Reflecting on the Q3 results, CFO Harald Wilhelm said that the group will step up cost cuts. […]
Tesla exceeded Wall Street’s profit estimates in its third-quarter earnings. The stock was up 12% in after-hours trading at the conclusion of the call with analysts. Elon Musk expects Tesla to receive regulatory approval for autonomous rides in California and Texas next year. Thanks for signing up! Access your favorite topics in a personalized feed […]
Tesla (TSLA) reported mixed third quarter results after the bell on Wednesday, but the stock jumped in after-hours trading as investors cheered the earnings beat, higher gross margins, and news that Tesla’s cheaper EV is on track for production next year. CEO Elon Musk also added on the earnings call that Tesla’s volume growth could […]