July 26 (Reuters) – Meta Platforms (META.O) forecast third-quarter revenue above market expectations on Wednesday, sending shares up on signs that the improving economic environment will boost ad spending. The company expects July-September revenue in the range of $32 billion to $34.5 billion, compared with analysts’ average estimate of $31.30 billion, according to Refinitiv data.… Continue reading Untitled
Tag: Financial Results
Lam Research forecasts strong quarterly revenue on AI boom
July 26 (Reuters) – Chip-making tools supplier Lam Research (LRCX.O) forecast quarterly revenue above Wall Street estimates, as semiconductor makers scramble to meet a surge in demand fueled by rising adoption of artificial intelligence (AI) technology. Shares of the company rose about 2% in trading after the bell. Businesses across sectors have been racing to… Continue reading Lam Research forecasts strong quarterly revenue on AI boom
Legalcategory
– Steptoe & Johnson hired 35 people from Stroock & Stroock & Lavan, which has seen a string of exits this year as it pursues a potential merger. – A shareholder of a Chinese software company, China AI Capital tried to ‘harass’ DLA Piper with a failed $180 million legal malpractice lawsuit and therefore deserves… Continue reading Legalcategory
German Manager Magazin: This is how Volkswagen wants to save the electronics business in China002624
To be in business with electric cars in China not being further left behind catches up Volkswagen Help. The VW brand will expand its specially developed electric portfolio in 2026 by two models that are being developed together with the Chinese manufacturer Xpeng, Volkswagen China Board Member Ralf Brandstätter (54) announced on Wednesday. Both cars… Continue reading German Manager Magazin: This is how Volkswagen wants to save the electronics business in China002624
Lithia & Driveway (LAD) Reports 12% Revenue Increase and Diluted EPS of $10.78
Announces Dividend to $0.50 per Share for Second Quarter MEDFORD, Ore., July 26, 2023 /PRNewswire/ — Lithia & Driveway (NYSE: LAD) today reported the highest second quarter revenue in company history. Second quarter 2023 revenue increased 12% to $8.1 billion from $7.2 billion in the… Go to Source
Scania interim report January-June 2023
SÖDERTÄLJE, Sweden, July 26, 2023 /PRNewswire/ — Demand for Scania’s products and services remained high in the second quarter and the company performed strongly in a challenging business environment. Scania’s net sales grew by 36 percent to SEK 51.0 billion (37.4) in the second quarter… Go to Source
H World Announces Preliminary Q2 Operating Results
RevPAR Recovers To 121% Of The 2019 Level HONG KONG, July 26, 2023 /PRNewswire/ — H World Group Limited (“H World” or “the Group”, NASDAQ: HTHT and HKEX: 1179) announced its preliminary results for hotel operations in the second quarter ended 30 June 2023 (“Q2 2023”). As of 30 June 2023,… Go to Source
V2X to Announce Second Quarter 2023 Financial Results
MCLEAN, Va., July 26, 2023 /PRNewswire/ — V2X, Inc., (NYSE: VVX), a leading provider of critical mission solutions and support to defense clients globally, will report second quarter 2023 financial results on Tuesday, August 8, 2023, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants… Continue reading V2X to Announce Second Quarter 2023 Financial Results
FLEX REPORTS FIRST QUARTER FISCAL 2024 RESULTS
AUSTIN, Texas, July 26, 2023 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 30, 2023. First Quarter Fiscal Year 2024 Highlights: Net Sales: $7.3 billion GAAP Operating Income: $291 million Adjusted Operating Income: $377 million GAAP Net Income attributable to Flex Ltd: $186 million Adjusted Net Income attributable to Flex… Continue reading FLEX REPORTS FIRST QUARTER FISCAL 2024 RESULTS
German Handelsblatt: Car company: Mercedes increases the annual forecast – vans bring the entire group forward007341
Mehr Optimismus in Stuttgart Ola Källenius, Vorstandsvorsitzender von Mercedes-Benz Group AG, setzt die Jahresziele seines Unternehmens hoch. (Foto: dpa) Der Autohersteller Mercedes-Benz wird nach einem für Experten überraschend gut verlaufenen Quartal optimistischer für das Gesamtjahr. Im Kerngeschäft mit Pkw und Transportern rechnet der Konzern nun mit einem Ergebnis vor Zinsen und Steuern (Ebit) auf dem Niveau… Continue reading German Handelsblatt: Car company: Mercedes increases the annual forecast – vans bring the entire group forward007341