Motley Fool Why Carvana Is Falling Today Shares of Carvana (NYSE: CVNA) are driving lower once again, dropping 1.7% at 11:33 a.m. ET on Tuesday as the broader market rises. While there was no specific news today to push shares lower, Carvana got hammered yesterday, as well, because the used-car market is running into a… Continue reading Nio Facing Growth Slowdown Amid China Zero-COVID Curbs
Author: Yarhow_Finance Online News
Why Nio Stock Hit the Brakes Today
Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) were falling today on several bits of news that are causing pessimism among investors. An analyst cut his price target for Nio’s stock today, just a few days after a new report said that China isn’t rolling back its strict zero-COVID policy. All of… Continue reading Why Nio Stock Hit the Brakes Today
Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna International MGA reported third-quarter 2022 adjusted earnings of $1.07 per share, which jumped 91% on a year-over-year basis. The bottom line, however, lagged the Zacks Consensus Estimate of $1.13 a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the reported quarter, net… Continue reading Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Eaton Third Quarter 2022 Earnings: EPS Misses Expectations
Eaton (NYSE:ETN) Third Quarter 2022 Results Key Financial Results Revenue: US$5.31b (up 7.9% from 3Q 2021). Net income: US$607.0m (down 3.5% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. EPS: US$1.52 (down from US$1.58 in 3Q 2021). earnings-and-revenue-growth All figures shown in… Continue reading Eaton Third Quarter 2022 Earnings: EPS Misses Expectations
Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna International MGA reported third-quarter 2022 adjusted earnings of $1.07 per share, which jumped 91% on a year-over-year basis. The bottom line, however, lagged the Zacks Consensus Estimate of $1.13 a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the reported quarter, net… Continue reading Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
BorgWarner Third Quarter 2022 Earnings: Beats Expectations
BorgWarner (NYSE:BWA) Third Quarter 2022 Results Key Financial Results Revenue: US$4.06b (up 19% from 3Q 2021). Net income: US$273.0m (up 184% from 3Q 2021). Profit margin: 6.7% (up from 2.8% in 3Q 2021). The increase in margin was driven by higher revenue. EPS: US$1.17 (up from US$0.40 in 3Q 2021). earnings-and-revenue-growth All figures shown in… Continue reading BorgWarner Third Quarter 2022 Earnings: Beats Expectations
Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna International MGA reported third-quarter 2022 adjusted earnings of $1.07 per share, which jumped 91% on a year-over-year basis. The bottom line, however, lagged the Zacks Consensus Estimate of $1.13 a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the reported quarter, net… Continue reading Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Autoliv Announces Dividend Increase
STOCKHOLM, Nov. 8, 2022 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that its quarterly dividend will be increased by 3% to 66 cents per share, from 64 cents, for the fourth quarter of 2022. “Autoliv remains committed to creating value for shareholders and the Board… Continue reading Autoliv Announces Dividend Increase
Adient Full Year 2022 Earnings: In Line With Expectations
Adient (NYSE:ADNT) Full Year 2022 Results Key Financial Results Revenue: US$14.1b (up 3.2% from FY 2021). Net loss: US$120.0m (down by 111% from US$1.11b profit in FY 2021). US$1.27 loss per share (down from US$11.76 profit in FY 2021). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period… Continue reading Adient Full Year 2022 Earnings: In Line With Expectations
GOODYEAR, DRIVE TLV JOIN FORCES TO EXPLORE ADVANCED MOBILITY SOLUTIONS WITH ISRAELI STARTUPS
AKRON, Ohio, Nov. 8, 2022 /PRNewswire/ — To help expand its footprint into the Israeli mobility ecosystem, The Goodyear Tire & Rubber Company (NASDAQ: GT) is teaming up with Drive TLV, an Israel-based mobility incubator focused on the future of mobility. Goodyear and Drive TLV are joining forces to explore collaboration and investment opportunities with… Continue reading GOODYEAR, DRIVE TLV JOIN FORCES TO EXPLORE ADVANCED MOBILITY SOLUTIONS WITH ISRAELI STARTUPS