DoorDash reported higher-than-expected revenue in the first quarter, as strong growth in U.S. grocery orders helped make up for slowing restaurant demand. But the company's shares fell 12% in after-hours trading Wednesday as investors appeared concerned about rising costs. DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. The loss, of 6 cents per share, was higher than the 3-cent loss Wall Street had...
Although it was closely watched for the manner in which it handled its artificial intelligence (AI) investments, Amazon dropped a stunner of a Q1 earnings report Tuesday (April 30), driven by a big spike in its North American operations. Its overall, global operating income grew from $4.8 billion in Q1 2023 to $15.3 billion in 2024. […]
Tesla dropped the prices of its vehicles globally on Friday as the largest electric vehicle manufacturer faces declining sales. The prices of the Model X, Model Y and Model S — three of its four best-selling vehicles — were each reduced by $2,000, days after the company recorded below-anticipated delivery figures for the first quarter
The Volkswagen Group announced on Tuesday that its sales revenue in the first quarter of fiscal 2024 landed at €75.5 billion, declining by 1% compared to the same period a year earlier.Vehicle sales w
Tesla sales suffer most as Toyota's gas-hybrid and PHEV products rise despite challenging economic conditions.
ServiceNow Inc. provided an outlook for sales in the quarter that fell just short of analysts’ expectations, suggesting that corporate budgets for software purchases remain tight. The shares declined about 5% in extended trading.
Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said.Tesla executives blamed the dip partly on EV sales...
Following the lead of Eli Lilly, Pfizer will establish a direct-to-consumer service, selling some of its medicines online and avoiding industry middlemen. | Following the lead of Eli Lilly, Pfizer will establish a direct-to-consumer service, selling some of its medicines online and avoiding industry middlemen. The company plans to sell products such as its COVID treatment Paxlovid and a migraine nasal spray in this way, it told the Financial Times.
Starbucks Corp. posted its first sales decline in more than three years, as
Adidas AG announced on Tuesday its revenue in the first quarter of the fiscal year 2024 observed an annual rise of 4% to reach €5.46 billion when calculated in euros. Meanwhile, the currency-neutral r
Viaplay Q1 2024: Swedish video streaming giant Viaplay posted 5.6 per cent growth in organic sales in the first quarter of 2024, marking a decline from the 27.3 per cent growth seen in the same period last year. This slowdown comes as the company directs its efforts towards operational enhancements following a comprehensive recapitalisation initiative.Last year, Viaplay underwent major restructuring, including the replacement of its CEO and a reduction of its workforce by 30 per cent. In...
(Reuters) -Norwegian Cruise Line Holdings raised full-year profit forecast on Wednesday after it topped first-quarter earnings estimates, betting on higher ticket prices and record demand for cruise vacations to destinations like the Caribbean. However, its shares dropped 9% after quarterly revenue fell short of analysts' expectations. Last week, rival Royal Caribbean Group raised its annual profit forecast for the second time since February.