NIO Inc. (NIO) closed at $8.15 in the latest trading session, marking a +1.12% move from the prior day. The stock lagged the S&P 500’s daily gain of 1.85%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 13.7%. Heading into today, shares of the company had lost 10.54% over the past month, lagging… Continue reading NIO Inc. (NIO) Gains But Lags Market: What You Should Know
Author: Yarhow_Finance Online News
UPDATE 3-Canada’s Magna raises profit forecast as global auto production improves
(Recasts paragraph 1; adds CEO comment in paragraph 3 and analyst comment in paragraph 10) By Raechel Thankam Job May 5 (Reuters) – Canadian auto parts maker Magna International Inc raised its full-year earnings forecast on Friday, betting on increased production of cars and other light vehicles in North America and Europe as supply-chain constraints… Continue reading UPDATE 3-Canada’s Magna raises profit forecast as global auto production improves
Canada’s Magna raises profit forecast as global auto production improves
By Raechel Thankam Job (Reuters) -Canadian auto parts maker Magna International Inc raised its full-year earnings forecast on Friday, betting on increased production of cars and other light vehicles in North America and Europe as supply-chain constraints ease. Magna also joined peer Aptiv PLC in issuing positive commentary on the supply chain as the auto… Continue reading Canada’s Magna raises profit forecast as global auto production improves
REFILE-Auto parts maker Magna International raises annual forecast
(Corrects date to May 5, from May 3) May 5 (Reuters) – Canadian auto parts maker Magna International Inc, on Friday, raised its full-year sales forecast as easing supply chain constraints improve prospects for ramping up production. Magna’s revenue for the year is now expected to be between $40.2 billion and $41.8 billion, up from… Continue reading REFILE-Auto parts maker Magna International raises annual forecast
Oshkosh (OSK) Q1 Earnings Beat on Solid Access Unit Results
Oshkosh Corporation OSK reported first-quarter 2023 adjusted earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1. The outperformance can be largely attributed to higher-than-expected sales and profits from the Access segment. The bottom line also rocketed 488% from 27 cents recorded in the year-ago period. In the quarter under review, consolidated net sales… Continue reading Oshkosh (OSK) Q1 Earnings Beat on Solid Access Unit Results
Allison (ALSN) Beats on Q1 Earnings, Upgrades 2023 Forecast
Allison Transmission Holdings ALSN posted first-quarter 2023 earnings of $1.85 a share, which rose 42% year over year and topped the Zacks Consensus Estimate of $1.52 owing to higher-than-anticipated sales from North America On-Highway, North America Off-Highway and Service Parts, Support Equipment & Other end markets. Quarterly revenues of $741 million grew 9% from the year-ago… Continue reading Allison (ALSN) Beats on Q1 Earnings, Upgrades 2023 Forecast
Here’s How Much You’d Have If You Invested $1000 in Eaton a Decade Ago
How much a stock’s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants… Continue reading Here’s How Much You’d Have If You Invested $1000 in Eaton a Decade Ago
Why Investors Hit the Brakes on BorgWarner’s Stock This Week
TipRanks ‘Load Up,’ Says Raymond James About These 2 High-Yield Dividend Stocks On the heels of cooling inflation, the Federal Reserve announced Wednesday an increase in interest rates, as widely anticipated. The key rate has gone up by 25 basis points, bringing it to a range of 5% to 5.25%, which is the highest in… Continue reading Why Investors Hit the Brakes on BorgWarner’s Stock This Week
Q1 2023 Borgwarner Inc Earnings Call
Participants Frederic B. Lissalde; President, CEO & Director; BorgWarner Inc. Kevin A. Nowlan; Executive VP & CFO; BorgWarner Inc. Patrick Nolan; VP of IR; BorgWarner Inc. Adam Michael Jonas; MD; Morgan Stanley, Research Division Colin M. Langan; Senior Equity Analyst; Wells Fargo Securities, LLC, Research Division Daniel Murphy Emmanuel Rosner; Director & Research Analyst; Deutsche… Continue reading Q1 2023 Borgwarner Inc Earnings Call
BorgWarner (BWA) Q1 Earnings Snap Beat Streak But Rise Y/Y
BorgWarner Inc. BWA reported adjusted earnings of $1.09 per share for first-quarter 2023, up from $1.05 recorded in the prior-year quarter. But the bottom line fell short of the Zacks Consensus Estimate of $1.13 per share on weaker-than-expected sales. The automotive equipment supplier reported net sales of $4,180 million, which missed the Zacks Consensus Estimate… Continue reading BorgWarner (BWA) Q1 Earnings Snap Beat Streak But Rise Y/Y