Wall Street expects a year-over-year increase in earnings on lower revenues when Adient (ADNT) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The… Continue reading Adient (ADNT) Reports Next Week: Wall Street Expects Earnings Growth
Author: Yarhow_Finance Online News
SAIC Motor, Geely deny breaking ranks in China’s bargaining with Europe on EV tariffs
China’s largest state-owned carmaker and the private sector’s biggest assembler, both at the top of the European Union’s electric vehicle (EV) tariffs list, denied they sought separate deals to avert the import levies. SAIC Motor, the biggest state-owned carmaker and the partner of General Motors and Volkswagen, said it was “deeply involved” in the collective… Continue reading SAIC Motor, Geely deny breaking ranks in China’s bargaining with Europe on EV tariffs
NIO Inc. (NIO) is Attracting Investor Attention: Here is What You Should Know
NIO Inc. (NIO) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. Over the past month, shares of this company have returned -23.9%, compared to the Zacks S&P 500 composite’s -1% change.… Continue reading NIO Inc. (NIO) is Attracting Investor Attention: Here is What You Should Know
NIO Inc. Provides October 2024 Delivery Update
20,976 vehicles were delivered in October 2024, increasing by 30.5% year-over-year 170,257 vehicles were delivered year-to-date in 2024, increasing by 35.1% year-over-year Cumulative deliveries reached 619,851 as of October 31, 2024 SHANGHAI, Nov. 01, 2024 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading… Continue reading NIO Inc. Provides October 2024 Delivery Update
BYD Sells Record Half a Million Plug-In Cars in Blowout Month
(Bloomberg) — BYD Co. kicked off the final quarter of the year with record monthly sales, continuing its strong performance in what is typically a peak season for auto purchases in China. Most Read from Bloomberg The manufacturer’s global passenger-car sales jumped 66% to a record 500,526 units in October, it said Friday. While BYD… Continue reading BYD Sells Record Half a Million Plug-In Cars in Blowout Month
Eaton: Q3 Earnings Snapshot
DUBLIN (AP) — DUBLIN (AP) — Eaton Corp. PLC (ETN) on Thursday reported third-quarter net income of $1.01 billion. On a per-share basis, the Dublin-based company said it had profit of $2.53. Earnings, adjusted for one-time gains and costs, came to $2.84 per share. The results topped Wall Street expectations. The average estimate of nine… Continue reading Eaton: Q3 Earnings Snapshot
Eaton Reports Record Third Quarter 2024 Results, with Accelerating Orders and Continued Backlog Growth
DUBLIN, October 31, 2024–(BUSINESS WIRE)–Intelligent power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $2.53 for the third quarter of 2024, up 14% over the third quarter of 2023. Excluding charges of $0.21 per share related to intangible amortization, $0.11 per share related to a multi-year restructuring program, and income… Continue reading Eaton Reports Record Third Quarter 2024 Results, with Accelerating Orders and Continued Backlog Growth
Toyota supplier Denso cuts full-year profit forecast by 21%
TOKYO (Reuters) -Japan’s Denso, a leading supplier to Toyota, slashed its full-year operating profit forecast by 21% on Thursday, mainly due to less-favourable conditions in China and wider Asia, and said it would buy back some of its own shares. The company cut its operating profit forecast for the financial year to March 31 to… Continue reading Toyota supplier Denso cuts full-year profit forecast by 21%
Dana Inc (DAN) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Efficiency
Sales: $2.48 billion in Q3, down $193 million from last year. Year-to-Date Sales: $7.95 billion, $119 million lower than last year. Adjusted EBITDA: $232 million in Q3, with a profit margin of 9.4%, a 30 basis points improvement. Year-to-Date Adjusted EBITDA: $699 million, $10 million higher than last year, with a profit margin of 8.8%.… Continue reading Dana Inc (DAN) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Efficiency
BorgWarner Q3 Earnings Outpace Expectations and Increase Y/Y
BorgWarner Inc. BWA reported adjusted earnings of $1.09 per share for third-quarter 2024, up from 98 cents recorded in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of 92 cents. The automotive equipment supplier reported net sales of $3.45 billion, which missed the Zacks Consensus Estimate of $3.53 billion. The top line… Continue reading BorgWarner Q3 Earnings Outpace Expectations and Increase Y/Y