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Earnings
Warner Bros, one of the leading studios in the film industry, is on track to achieve major success this year with two of its blockbuster films, Dune: Part Two and Godzilla x Kong: The New Empire. Both films have collectively grossed over $1.2 billion worldwide, with Dune: Part Two crossing the $700 million mark and
Federal authorities have recently revealed a concerning number of collisions, fatalities, and serious injuries linked to Tesla’s Autopilot system. The National Highway Traffic Safety Administration (NHTSA) conducted an in-depth analysis of 956 crashes involving the use of Tesla Autopilot, highlighting a critical safety gap in the system. The NHTSA report pointed out that the design
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This tech giant has seen a 4% increase in shares after reporting fiscal third-quarter results that exceeded expectations. The Azure business continued to show momentum, contributing to the positive reaction from investors. This shows that Microsoft is continuing to innovate in the tech space and drive growth. Shares of Alphabet surged more than 11% after
The Asian stock market saw a mixed performance on Friday, with most stocks rising, particularly in the technology sector. The gains were largely driven by positive earnings reports from tech giants such as Microsoft and Alphabet. However, the overall sentiment was tempered by uncertainties around interest rates and inflation data. Japanese stocks experienced a modest
Meta Platforms, the parent company of Facebook, experienced a significant drop of over 14% following the release of lighter-than-expected second-quarter revenue guidance. While first-quarter earnings and revenue exceeded analysts’ estimates, the disappointing second-quarter guidance caused a steep decline in the company’s stock value. This indicates that investors are particularly focused on future performance and growth
Royal Caribbean (NYSE:RCL) experienced a significant surge of 4.8% in its stock following the announcement of their first-quarter earnings, which managed to exceed analyst expectations by quite a margin. The cruise operator reported a higher adjusted EPS of $1.77 compared to the consensus estimate of $1.32. This positive outcome was also reflected in the revenue
Xiaomi, a Chinese smartphone company, has recently made a foray into the electric vehicle market with its new electric SU7 sedan. Despite undercutting Tesla’s Model 3 on price, the new electric vehicle has been selling better than expected. As of April 20, Xiaomi has received more than 70,000 orders for the SU7 sedan, putting the
PepsiCo recently reported its quarterly earnings and revenue, exceeding analysts’ expectations. However, the company faced challenges due to weaker U.S. demand caused by various factors such as Quaker Oats recalls and backlash to higher prices for its products. Despite the overall positive results, PepsiCo experienced a drop in its share price, reflecting investor concerns. Let’s
The U.S. stock index futures are showing positive signs of advancement on Tuesday. Growth and chip stocks are gaining momentum, with major tech companies like Meta Platforms, Microsoft, and Tesla edging up in premarket trading. The tech sector is gearing up for quarterly earnings reports, starting with Tesla after the market close on Tuesday. Early
General Motors saw a 4% increase in stock value after posting $2.62 per share on revenues of $43.01 billion for the first quarter. This surpassed analysts’ expectations. GM also raised its expectations for adjusted automotive free cash flow, showing positive growth potential. Shares of GE Aerospace gained more than 4% after the company reported earnings
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Amidst the ongoing Q4 FY24 earnings season, Goldman Sachs analysts have conducted a thorough recalibration of their projections for the Indian pharmaceutical sector. This recalibration takes into account a wide spectrum of variables, ranging from monthly sales data to currency fluctuations. One of the key observations made by the analysts is that the sector is