Magna International Reports Mixed Q2 Earnings

Benzinga International Paper Q2 Earnings Top Estimates International Paper Co (NYSE: IP) reported second-quarter FY22 sales growth of 12.9% year-on-year to $5.39 billion, beating the consensus of $5.36 billion. Net sales from Industrial Packaging rose 11.4% Y/Y, Global Cellulose Fibres grew 15.9%, and Corporate and Inter-segment jumped 83.3%. Adjusted EPS of $1.24 beat the analyst… Continue reading Magna International Reports Mixed Q2 Earnings

@Fisker: Fisker Will Showcase the All-electric Fisker Ocean at the 2022 Pebble Beach Concours d’Elegance 000089

LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”) — passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions — will bring the all-electric Fisker Ocean to Pebble Beach Automotive Week at Pebble Beach Concours d’Elegance from August 18-21, 2022. “We are excited to be at Pebble Beach Concours to showcase one of… Continue reading @Fisker: Fisker Will Showcase the All-electric Fisker Ocean at the 2022 Pebble Beach Concours d’Elegance 000089

Magna (MGA) Q2 Earnings Lag Estimates

Magna (MGA) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.75%. A quarter ago, it was expected that this… Continue reading Magna (MGA) Q2 Earnings Lag Estimates

Global Vehicle Electrification Market Report 2022-2027: Declining Prices of Batteries Around the World Presents Lucrative Growth Opportunities

DUBLIN, July 29, 2022 /PRNewswire/ — The “Vehicle Electrification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global vehicle electrification market reached a value of US$ 78.78 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 123.01… Continue reading Global Vehicle Electrification Market Report 2022-2027: Declining Prices of Batteries Around the World Presents Lucrative Growth Opportunities

Magna Announces Second Quarter 2022 Results

Sales of $9.4 billion increased 4%, compared to global light vehicle production increase of 2% Diluted loss per share of $0.54 includes $1.24 of non-cash impairment charges related to our investment in Russia Adjusted diluted earnings per share decreased 41% Increased sales outlook      AURORA, Ontario, July 29, 2022 (GLOBE NEWSWIRE) — Magna International Inc.… Continue reading Magna Announces Second Quarter 2022 Results

Earnings Preview: Gentherm (THRM) Q2 Earnings Expected to Decline

Gentherm (THRM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term… Continue reading Earnings Preview: Gentherm (THRM) Q2 Earnings Expected to Decline

Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Auto-Tires-Trucks Names

Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important. We know earnings results are vital,… Continue reading Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Auto-Tires-Trucks Names

High Operational Costs to Hurt QuantumScape (QS) in Q2 Earnings

QuantumScape Corporation QS is slated to release second-quarter 2022 results on Jul 27, after the closing bell. The Zacks Consensus Estimate is pegged at a loss of 19 cents per share for the quarter. The estimate for loss per share has remained unchanged over the past 60 days. In the last reported quarter, this solid-state battery… Continue reading High Operational Costs to Hurt QuantumScape (QS) in Q2 Earnings

LKQ Q2 Earnings Coming Up: What Should Investors Expect?

LKQ Corporation LKQ is slated to release second-quarter 2022 results on Jul 28, before market open. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at $1.02 per share and $3.39 billion, respectively. The Zacks Consensus Estimate for LKQ’s second-quarter earnings per share has been revised downward by a penny in the past 30 days. The… Continue reading LKQ Q2 Earnings Coming Up: What Should Investors Expect?

4.82% Y-O-Y Growth Rate of 2022 is Estimated for Automotive Camera Market in China, Driven by Priority of Automotive Safety Among Customers, Deep Dive Analysis of Key Regions and Companies

NEW YORK, July 26, 2022 /PRNewswire/ — The Automotive Camera Market in China is segmented by Vehicle Type (passenger vehicles and commercial vehicles) and Application (viewing and sensing and viewing only). The market share growth in the passenger vehicles segment will be significant during the forecast period. Luxury automakers are focusing on increasing the safety level of passenger cars… Continue reading 4.82% Y-O-Y Growth Rate of 2022 is Estimated for Automotive Camera Market in China, Driven by Priority of Automotive Safety Among Customers, Deep Dive Analysis of Key Regions and Companies