Tesla temporarily halted production in its Shanghai factory on December 24, one day before the planned date to suspend vehicle assembly at this site. According to a Reuters report, the electric carmaker planned to pause production in Shanghai for a week, between December 25 and January 1. While the company has not provided any official reasons for this temporary halt, it is likely that the...
Comcast customers were hacked, as reported by the BleepingComputer. "Starting on December 19th, many Xfinity email users began receiving notifications that their account information had been changed. However, when attempting to access the accounts, they could not log in as the passwords had been changed," the website mentioned. "After regaining access to the accounts, they discovered they had...
An internal Federal Aviation Administration survey revealed concerns among some inspectors about the agency’s approach to overseeing Southwest Airlines Co., according to a Wall Street Journal report. In the survey, around three-quarters of respondents mentioned that the culture in the FAA’s Dallas-area office that oversees Southwest hasn’t improved in recent years, following concerns...
Apogee Enterprises, Inc. posted adjusted earnings of $1.07 for third-quarter fiscal 2023, exceeding the Zacks Consensus Estimate of 98 cents (according to Zacks Equity Research). The figure was 63 cents per share in the year-ago quarter. Revenues rose +10.2% from the year-ago quarter to $368 million, topping the Zacks Consensus Estimate of $355 million (according to Zacks Equity Research)...
Centogene incurred a net loss of -€11.9m for the second quarter, which was wider by -48% compared to 2Q 2021. On a per-share basis, loss was -€0.44 (vs. - €0.37 loss in the year-ago quarter). Revenue plunged -78% year-over-year to €11.2m in the quarter, missing analysts’ estimates by 3.1%...
Carmax third-quarter results fell short of analysts’ expectations, amidst inflationary pressures dampening consumer demand. The used-car retailer’s earnings fell -85% from a year ago to $0.24 per share in the quarter, missing the $0.70 expectation from Thomson Reuters survey. Revenue was down -24% year-over-year to $6.51 billion in the quarter, vs. analysts’ expectations of $7.3 billion...
Signals from Pattern Search Engine Tickeron is bringing high-powered Artificial Intelligence (A.I.) technology to the retail investment community that, in our opinion, rivals the technology and approach used at major Wall Street firms. The Ph. D founders of Tickeron have spent several years researching and building an Artificial Intelligence-based search engine that allows active investors to...
Micron Technology reported its fiscal first quarter revenue of US$4.09 billion, which is - 47% from the year-ago quarter. Revenue missed analysts' estimates by 1.4%. The semiconductor company mentioned weakening consumer demand and substantial customer inventory adjustments across end markets amid macroeconomic uncertainty as factors behind the disappointing quarterly performance. Micron...
Carnival reported a fiscal fourth quarter loss narrower than anticipated by analysts. But revenue fell short of expectations. The cruise operator incurred a loss of -85 cents per share, vs. the Zacks Consensus Estimate of a loss of -89 cents (as reported by Zacks Equity Research). The figure is also narrower than the year-ago quarter’s loss per share of -$1.72 per share. Revenues in the...
Paychex posted fiscal second quarter earnings of 99 cents a share, topping analysts’ expectations of 95 cents a share (based on FactSet poll). The figure is also higher than the year-ago quarter’s 91 cents a share. The human resources company’s revenue rose +7% from the year-ago quarter to $1.19 billion, r in line with analyst expectations, (according to FactSet). Paychex now expects adjusted...
FactSet Research reported quarterly adjusted earnings of $3.99 per share, exceeding the Zacks Consensus Estimate of $3.60 per share (as reported by Zacks Equity Research). Adjusted earnings were $3.25 per share a year ago. The company’s Annual Subscription Value plus professional services came in at $2.0 billion vs. $1.7 billion a year ago. Organic ASV plus professional services was $1.8...
FedEx posted its fiscal second quarter adjusted earnings of $3.18 per share, topping the Street expectations of $2.82. But the decrease in quarterly net income to $788 million (down from $1.04 billion a year earlier) has apparently propelled the transportation services company to cut $1 billion more in costs – vs. its forecast in September, in order to achieve the total fiscal 2023 savings to...
Wells Fargo has been fined almost $4 billion for its role in mismanaging consumer loans for more than 16 million customers. The U.S. Consumer Financial Protection Bureau ordered the banking behemoth to pay more than $2 billion to in consumer redress, and a $1.7 billion civil penalty. It is the biggest fine till date against any bank by the CFPB and the largest one against Wells. The bank has...
Apple got a price target cut from analysts at JPMorgan amidst perceived supply chain challenges. JPMorgan analyst Samik Chatterjee cut the price target on the iPhone maker’s shares by $10 to $190 per share. Chatterjee maintained an 'overweight' rating on the stock. “We continue to see the supply shortfall continuing through year-end and impacting the typical seasonal uptick in iPhone volumes...
Tesla CEO Elon Musk put out a poll, whose results suggested that he should quit as CEO of Twitter. Late Sunday, Musk asked his 122.1 million Twitter followers in a poll if he should stepdown as the head of the micro-blogging website, while cautioning those voting to be "careful what you wish, as you might get it" . The poll ended Monday morning, with 57.5% of voters indicating that he should...
Trinity Biotech total revenues for Q3 2022 came in at $19.5 million, down -11.4% from the year-ago quarter. Clinical Laboratory revenues were $17.0 million, decreasing -5.2% y/y. Excluding VTM products, Clinical Laboratory revenues increased by almost $2.0 million or +13.4% to $16.6 million. According to Trinity, a 30% year-over-year growth in revenues attributable to both Haemoglobins and...
Jabil posted its first quarter earnings that exceeded analysts’ expectations, and also raised its full-year outlook on expectations of strong demand. The manufacturing services company’s adjusted EPS came in at $2.31 for the three months through Nov. 30, topping the Street's expectations of $2.24. Revenue rose to $9.64 billion, from $8.57 billion in the year-ago quarter, and beating the...
Adobe shares climbed +6% in after-hours trading on Thursday, after the software giant announced its fiscal fourth-quarter earnings that surpassed analysts’ expectations. The company also provided a better-than-expected outlook. Adjusted earnings for the quarter ending Dec. 2 came in at $3.60 per share, beating the $3.50 per share expected by analysts. Revenue grew +10% from the year-ago...
US retail sales decreased -0.6 % month-over-month in November -- a steeper drop than analysts’ expectations of a -0.2% dip -- as high inflation dampened consumer spending during the key holiday season. Nine of 13 retail categories experienced a decrease in sales, including motor vehicles, electronics, furniture and building materials stores. Excluding gasoline and autos, retail sales slipped...
Tesla CEO Elon Musk sold another 22 million shares of the company this week, Securities and Exchange Commission filings indicated Thursday. Raising around $3.6 billion, the latest sale brings Musk’s year-to-date sale total to around $40 billion. Musk currently owns a 13.4% stake in Tesla, down from around 17% a year ago. Musk had sold 7.92 million shares between August 5 and August 9, which...