earningsreports
Zim Integrated Shipping Services Ltd (NYSE: ZIM) is trading about 10% down in premarket on Tuesday after reporting worse than expected per-share earnings for its fiscal first quarter. Zim Integrated’s guidance for the futureThe stock is taking a hit even though the cargo transport company raised its guidance for the full year. $ZIM now forecasts its adjusted EBITDA to fall between $1.15 billion and $1.55 billion in 2024. Eli Glickman – chief executive of the New York listed firm said in a press release today: Looking ahead, we now expect freight rates to remain stronger for longer than initial...
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This morning, airline company Ryanair Holdings PLC announced their full year results for FY 2024. Record-breaking profits The Irish company reported a 34% rise in profits after tax to €1.92 billion as the carrier saw an increase in customers to 183.7 million fliers in the year, a 9% increase as compared with 2023. This is the highest level of profit ever recorded for the airline company. Revenues also increased by a significant 25% to €13.44 billion. Rising costs This was in spite of Ryanair’s fuel bill rising by about €1.25 billion, roughly 32%, to a total of €5.14 billion for fuel costs. On ...
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Shares of DXC Technology Co (NYSE: DXC) are down over 15% even though the information technology company made an AI announcement on Friday. $DXC partners with Ferrovial and MicrosoftThe multinational based out of Ashburn, Virginia teamed up with Ferrovial and Microsoft this morning on Quercus. The new generative artificial intelligence platform is expected to help organisations integrate “secure, responsible AI solutions to automate processes for improved profitability and efficiency”. Quercus will run on Azure while the responsibility of “evolving, maintaining, and commercialising” it will re...
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Discount home retailer Walmart Inc announced its Q1 earnings today before US markets opened. With the US economy embattled with stickier-than-expected inflation and interest rates still punishingly high for consumers, the market was eager to see what would come from today’s earnings. Walmart has a reputation for results outperforming when the US economy is in dire enough straits (lie in the 2008 financial crisis), but its also known to lose revenue on its big-ticket purchases when consumers tighten their belts. Read our analysis on the significance of today’s Walmart earnings here The financia...
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Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Why is Deere stock down on Thursday?The stock is being hit primarily because the agricultural equipment manufacturer trimmed its guidance for the future. $DE now forecasts its net income to print at about $7.0 billion. Analysts, in comparison, were at $7.5 billion instead. John C. May – the chief executive of Deere & Co said in a press release today: We’re proactively managing our production and inventory levels to adapt to demand changes and pos...
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Cisco Systems Inc (NASDAQ: CSCO) is pushing to the upside in extended hours on Wednesday after reporting market-beating financial results for its third quarter. Cisco stock rallies on upbeat guidance for Q4Investors are cheering also because the management issued upbeat guidance for the future. $CSCO now forecasts its revenue to fall between $53.6 billion and $53.8 billion on up to $3.71 a share of adjusted EPS in fiscal 2024. Analysts, in comparison, were at $53.14 billion and $3.67 per share, respectively. Chuck Robbins – the chief executive of Cisco Systems said in a press release today: Ou...
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Nu Holdings Ltd (NYSE: NU) saw its revenue climb a whopping 64% in Q1. Still, David Velez – its chief executive is convinced the company has massive room for growth moving forward. Nu Holdings CEO on Q1 earningsThe online bank added 5.5 million customers to hit the 100 million mark in its first quarter. Still, CEO Velez said on CNBC’s “Squawk Box” today: Disruptors in fintech have taken less than 1.0% of the market cap. So, that story is very much in the early beginnings and is a real structural opportunity that exists globally. Nubank ended its recently concluded quarter with $24.3 billion in...
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Edible Garden AG Inc (NASDAQ: EDBL) nearly doubled in premarket on Wednesday after reporting a significantly year-over-year increase in its first-quarter revenue. Edible Garden CEO on Q1 earningsThe organic food company saw its revenue come in at $3.1 million in Q1 that translates to a near 28% increase versus last year. $EDBL attributed the strength to customer demand and expansion of its product lineup. Jim Kras – the chief executive of Edible Garden said in a press release today: Our transition away from third-party growers has accelerated, with Edible Garden now producing approximately 95%...
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Tomorrow, Walmart Inc, one the largest US multinational retailers in the world, reports its earnings for the first quarter of its FY 2025. And they’re more important than you might think – even if you’re not a Walmart investor. Why are Walmart earnings important?What many people don’t know is that Walmart is often considered by analysts to be a bellwether stock for the average American household’s financial circumstance in the last quarter. Whether spending increased on big ticket items – or decreased instead – at stores as widespread as Walmart can be a valuable window into the health of the ...
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Canoo Inc (NASDAQ: GOEV) is trading down in extended hours on Tuesday after reporting disappointing financial results for its first quarter. Canoo reiterates guidance for 2024Investors are concerned because the future guidance failed to impress as well. $GOEV continues to see its annual revenue coming in the range of $50 million and $100 million in 2024. Cash outflow, the electric vehicles company added, will be capped at $75 million per quarter. Tony Aquila – the chief executive of Canoo Inc said in a press release today: We continue to execute on our strategy of acquiring deeply discounted l...
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