Posts with tag: engineering
Ford shares are dropping after the automaker's disappointing outlook, with losses in its EV business offsetting higher-than-estimated quarterly results. Ford Model e reported a $5.1 billion EBIT loss for 2024, and CEO Farley warned of tariffs' impact on the industry and consumer prices.
Published on: February 06, 2025, 03:00 PM UTC
Tapestry raises annual sales and profit forecast on strong demand for its Coach Tabby bags and suede boots.
Published on: February 06, 2025, 01:00 PM UTC
Tapestry Inc. (TPR) reported fiscal Q2 net income of $310.4 million, EPS of $1.38, and revenue of $2.2 billion, surpassing analysts' expectations. Full-year earnings are projected at $4.85-$4.90 per share, and revenue at $6.85 billion.
Published on: February 06, 2025, 12:05 PM UTC
Siemens Healthineers CEO sees "very positive" impact from potential stake reduction by parent Siemens, aiming for higher free float for long-term company and share value.
Published on: February 06, 2025, 12:04 PM UTC
Honeywell International (HON) is reportedly preparing to split into three independent companies, including an aerospace division, automation business, and advanced materials arm.
Published on: February 06, 2025, 11:01 AM UTC
German election: How parties plan to shape finance industry
Published on: February 06, 2025, 10:02 AM UTC
Stocks rose on strong European earnings, lower Treasury yields, and no new trade developments. The Stoxx Europe 600 hit a record high. Futures suggest Wall Street will build on Wednesday's gains. Volatility has eased, allowing investors to focus on earnings, interest rates, and economic growth.
Published on: February 06, 2025, 10:01 AM UTC
Orsted expects 2025 operating profit to match 2024 levels, after cutting investment plans to strengthen finances in a challenging market.
Published on: February 06, 2025, 10:00 AM UTC
Amazon set to report earnings after Big Tech peers miss expectations. Analysts expect EPS of $1.50 and revenue of $187.3 billion, up from $1.00 and $169.9 billion last year. Investors will also be looking for Amazon's response to the breakout success of Chinese AI upstart DeepSeek.
Published on: February 06, 2025, 12:03 AM UTC
EnerSys reports Q3 profit of $114.8 million, exceeding analysts' expectations but revenue falls short. Full-year earnings projected to range $9.97-$10.07 per share, with revenue $3.6-$3.64 billion.
Published on: February 05, 2025, 11:09 PM UTC