Tag: finance

Cummins (NYSE: CMI) beat Q4 revenue estimates but missed earnings due to restructuring charges. Sales declined 1.1% YoY to $8.45 billion. Despite headwinds, Cummins expects 2025 revenue growth of 2-3% and EBITDA margin of 16.2-17.2%. Read our full report for analysis and valuation.

Published on: February 04, 2025, 01:04 PM UTC

Auto stocks like Volkswagen, BMW, and Daimler fall on Trump's Mexico, China tariffs

Published on: February 03, 2025, 09:00 AM UTC

US President Trump orders 25% tariffs on Canadian and Mexican imports and 10% on goods from China to address fentanyl and illegal aliens. Market strategists believe this will have a negative impact on equities, reciprocal tariffs, and market uncertainty.

Published on: February 01, 2025, 11:00 PM UTC

Mobileye Global Inc. (MBLY) reported a loss of $71 million in its fourth quarter, or 9 cents per share. Adjusted earnings came to 13 cents per share, surpassing Wall Street expectations. Revenue was $490 million, also exceeding forecasts. For the year, the company reported a loss of $3.09 billion, or $3.82 per share, on revenue of $1.65 billion. Mobileye expects full-year revenue in the range of $1.69 billion to $1.81 billion.

Published on: January 30, 2025, 01:08 PM UTC

Sage Group maintains revenue forecast for fiscal 2025 amidst 10% growth in Q1 revenue, driven by high demand and AI roll-out.

Published on: January 30, 2025, 09:02 AM UTC

Stocks wavered Wednesday morning amid caution ahead of Big Tech earnings and the Federal Reserve's rate decision. Nasdaq Composite fell over 0.3%, while S&P 500 and Dow Jones Industrial Average traded mixed. Investors await guidance from Meta and Microsoft's quarterly results for reassurance on Big Tech's AI spending. ASML stock surged on earnings beat and CEO's dismissal of DeepSeek's AI impact. Trump Media shares climbed nearly 15% on plans to expand into financial services.

Published on: January 29, 2025, 03:02 PM UTC

Tesla's fourth-quarter earnings report is due, and Wall Street is bullish, expecting strong growth in AI initiatives, including self-driving, robotaxis, and cheaper vehicles.

Published on: January 29, 2025, 05:00 AM UTC

Tesla's Q4 earnings, due Wednesday after the bell, will be scrutinized as investors seek a catalyst to boost the stock after a 5% year-start loss. Revenue is projected at $27.21 billion, with adjusted EPS of $0.75. Tesla's vehicle deliveries missed estimates in Q4, totaling 495,930 globally and falling short of 2023's deliveries. The company faces challenges with new competition, demand, and global economic conditions. Investors anticipate updates on Tesla's plans for new vehicles and its timeline for achieving a 50% growth rate.

Published on: January 28, 2025, 06:02 PM UTC

DeepSeek's AI model raises concerns about concentration risk in the stock market, with Nvidia's single-day market loss exceeding the market caps of Exxon and Mastercard.

Published on: January 28, 2025, 02:02 PM UTC

President Trump plans to raise tariffs for all, saying he wants a rate "much bigger" than 2.5%. The move is seen as a way to protect US jobs and businesses.

Published on: January 28, 2025, 12:05 PM UTC