When Tesla reported its first-quarter earnings, the results did not meet the market’s expectations. Analysts were expecting an earnings per share of 51 cents and revenue of $22.15 billion. However, revenue actually dropped by 5.1% from the previous year, marking the first year-over-year decline since 2020. This news led to a significant drop in Tesla’s
Earnings
Novartis, the Swiss drugmaker, saw a significant increase in its stock price by as much as 4.8% following the release of its first-quarter results. The company demonstrated better-than-expected performance, leading to a boost in investor confidence. With net sales rising by 11% and core operating income increasing by 22% in the first three months of
JetBlue Airways is facing a turbulent time as its shares plummeted by more than 10% in premarket trading following a downgrade in its 2024 revenue forecast. The airline anticipates that second-quarter revenue will experience a significant drop of up to 10.5%, which is more than double what analysts had predicted. This disappointing news has been
Procter & Gamble recently reported its Q2 earnings, which resulted in a mixed quarter for the consumer products giant. The company’s stock initially plummeted, which may have been interpreted as profit-taking rather than a true reflection of the results. Despite the lower-than-expected sales of $20.195 billion, the organic growth of 3% and an increase in
Alaska Airlines has projected second-quarter and full-year earnings that are significantly higher than initial estimates, showing confidence in a strong peak travel season. Despite experiencing a first-quarter loss due to a midair incident involving a Boeing 737 Max 9 aircraft, the airline remains positive about the future. The incident, which occurred on January 5, resulted
ASML, a prominent semiconductor firm, experienced a significant drop in its net sales and net income, falling short of estimates. The company’s stock took a hit, declining by approximately 4.5% in early European trading following the release of its financial results. Net sales were reported at 5.29 billion euros, compared to the expected 5.39 billion
Adidas shares rose by 8.2% on Wednesday following an announcement that the company had raised its full-year guidance unexpectedly. According to the German sportswear company, currency-neutral revenues are now expected to see a mid-to high-single-digit growth rate for the full year 2024. This is in comparison to the previous projection of growth near a mid-single-digit
The once-iconic shoemaker, Dr. Martens, saw its shares plummet by a staggering 30% as it delivered a grim 2025 outlook, fueled by dwindling revenues. The company’s prediction of a double-digit decline in wholesale revenue for the U.S. market in the upcoming year sent shockwaves through the industry. This revelation led to a temporary suspension of
UnitedHealth Group, one of the largest health care companies in the United States, recently faced a significant cyberattack on its Change Healthcare subsidiary. This breach led to a disruption in billing and payment services, impacting health care providers across the country. The aftermath of this cyberattack has raised questions about the vulnerability of the health
The market is currently attempting to recover from the selloff that occurred on Friday. A key factor influencing this rebound is the pullback in oil prices due to hopes that the conflict in the Middle East will not escalate further following Iran’s attacks on Israel. Despite a slight increase in consumer inflation last month, retail