Tag Archives: reports

Rivian (RIVN) stock jumped after hours as the electric adventure vehicle maker reported a narrower loss than expected loss for the third quarter, and also reaffirmed its full-year production forecast and financial outlook. For the quarter Rivian reported revenue of $536 million, missing estimates of $561.1 million, and reported an adjusted EPS loss of $1.57 a share, smaller than the expected loss of $1.86. More importantly for investors, the company said it would still hit its 25,000 vehicle… Source link

Negotiations underway to unblock exports of fertilizer from Russia have made “important steps forward,” one of the main United Nations negotiators said on Thursday, while acknowledging that there was still a way to go. Russian grain and fertilizer exports continue to face issues over sanctions imposed after the Kremlin’s invasion of Ukraine, despite two agreements signed on Jul. 22 that called for sanctions to spare agriculture-related products and grant safe passage for Ukrainian… Source link

A group of activists has occupied the multimillion-dollar Amsterdam home of the EU-sanctioned Russian tech tycoon Arkady Volozh, Dutch media reported Monday. Volozh, 58, is the co-founder and former CEO of tech giant Yandex, Russia’s equivalent of Google. He stepped down in June after the European Union sanctioned him in its response to Moscow’s invasion of Ukraine. The Dutch daily NRC and weekly De Groene Amsterdammer reported in early October that Volozh was the owner of a… Source link

Even Alphabet, the parent company of Google and one of the internet’s most entrenched businesses, was not immune to the punishing blows of the global economy and a sharp slowdown in the online advertising that is essential to the company’s profits. Alphabet on Tuesday reported a net profit of $13.9 billion in the third quarter, down 27 percent from a year earlier, while revenue climbed 6 percent to $69.1 billion. The earnings fell short of analysts’ estimates of $16.9 billion in profit… Source link

General Motors (GM) reported profit jumped in the third quarter, driven by record revenue and robust demand. For the quarter, GM reported revenue of $41.89 billion, just slightly below analyst expectations of $42.37 billion, but still a record amount for the automaker. GM’s adjusted third quarter EPS came in at $2.25, well ahead of expectations of $1.89, with adjusted net income jumping nearly 50% to $4.3 billion. What has surprised some on the Street is GM reaffirming its full-year EBIT… Source link

U.S. stocks erased gains Friday as Wall Street’s biggest banks reported earnings and investors digested more inflation expectations. The S&P 500 (^GSPC) fell 1.7%, while the Dow Jones Industrial Average (^DJI) was down nearly 1%. The technology-heavy Nasdaq Composite (^IXIC) fell by 2%. Stocks turned sharply lower as a consumer survey from the University of Michigan showed inflation expectations increasing, marking the highest level in six months. “The uptick in inflation expectations probably… Source link

Elon Musk has expressed his dislike for remote work in the past.Maja Hitij/Getty Images Elon Musk and other Tesla executives receive weekly reports on employees’ office attendance. Tesla employees told CNBC that the reports were based on data from workers scanning badges at facilities. Employees have also complained that Tesla facilities are not able to properly accommodate office work. Elon Musk and other senior executives at Tesla are receiving weekly reports monitoring employees’ office… Source link

Google Pixel phones are seen on display at the Google retail store in the Chelsea neighborhood of New York City, U.S., June 17, 2021. REUTERS/Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register Sept 12 (Reuters) – Alphabet Inc (GOOGL.O) is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing’s rising tensions with the United States, the Information reported on Monday, citing a source. Alphabet,… Source link

Nothing is more frustrating than a slow website. Slow load times disrupt the overall user experience and have negative impacts on the conversion potential of your landing pages. From an SEO perspective, Google is less likely to promote webpages that take too long to load. Yes, site speed is a ranking factor, so taking the time to improve it can drastically improve your ranking positions. So if you’re ready to go from slow to fast, Google’s PageSpeed Insights Report can help you identify… Source link

Payments company Block (SQ) announced second quarter results Thursday that showed bitcoin revenue from its Cash App product fell 34% to $1.79 billion, with the company taking a $36 million charge on its bitcoin investments. Gross profit in the quarter totaled $1.47 billion against Wall Street expectations for $1.46 billion, while adjusted earnings per share of $0.18 topped estimates for $0.16. Excluding bitcoin, total net revenue in the second quarter was $2.62 billion, up 34% year over… Source link