Uber reported third-quarter earnings on Tuesday that show a profitable ride-hail and delivery company that’s chugging along in spite of slowing growth in some sectors. The company reported revenue of $9.3 billion, an 11% increase year over year. Investors had expected Uber to report revenues of around $9.5 billion (FactSet, Refinitiv), meaning that despite the… Continue reading Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Tag: Strategy
RateHawk Unveils Rebranding and Interface Update
LONDON, Nov. 6, 2023 /PRNewswire/ — RateHawk.com, an online system for booking hotels, air tickets, and transfers for travel professionals, announced its major rebranding initiative that encompasses an updated corporate identity, strategic reimagining, and the unveiling of a new logo. The new identity will be unveiled at the World Travel Market in London. Continue Reading… Continue reading RateHawk Unveils Rebranding and Interface Update
Smart Airport Market to Reach $24.28 Billion, Globally, by 2032 at 13% CAGR: Allied Market Research
Increase in air passenger traffic across the globe, rise in utilization of artificial intelligence and tools for big data analysis, and increase in focus on security on airports drive the growth of the global smart airport market. WILMINGTON, Del., Nov. 6, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Smart Airport Market by Application… Continue reading Smart Airport Market to Reach $24.28 Billion, Globally, by 2032 at 13% CAGR: Allied Market Research
JIOS Aerogel Opens Singapore Manufacturing Plant to Produce Thermal Protection for Electric Vehicle (EV) Batteries
SINGAPORE, Nov. 6, 2023 /PRNewswire/ — JIOS Aerogel (JIOS), a global leader in silica aerogel technology, has celebrated the opening of its advanced manufacturing plant in Pioneer, Singapore, in a ceremony attended by investors, suppliers and partners. The establishment of this facility represents a pivotal component of JIOS’ ongoing investment strategy, which is geared towards supporting… Continue reading JIOS Aerogel Opens Singapore Manufacturing Plant to Produce Thermal Protection for Electric Vehicle (EV) Batteries
OUTFRONT Media Announces Pricing of Senior Secured Notes Offering
NEW YORK, Nov. 7, 2023 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $450.0 million in aggregate principal amount of 7.375% Senior Secured Notes due 2031 (the “notes”). The notes will be sold at an issue price of 100.0% of the principal amount.… Continue reading OUTFRONT Media Announces Pricing of Senior Secured Notes Offering
Lucid Welcomes Marc Winterhoff as Chief Operating Officer
Lucid announces the appointment of Marc Winterhoff as Chief Operating Officer (COO), a newly created role reporting to CEO and CTO Peter Rawlinson Introduction of Lucid’s first COO underscores Lucid’s focus on accelerating international expansion, enhancing its go-to-market strategy, and maturing its world-class manufacturing operations Winterhoff brings 27 years of experience in the automotive and software… Continue reading Lucid Welcomes Marc Winterhoff as Chief Operating Officer
RIV Capital Completes Expansion of New York Cultivation and Production Operations
Recently completed expansion of Chestertown facility triples current cannabis production capacity Enhanced research and development capabilities to drive product innovation Strongly positioned to become a leading supplier to the New York adult-use cannabis market TORONTO, Nov. 7, 2023 /PRNewswire/ – RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) (“RIV” or the “Company”), a cannabis acquisition and… Continue reading RIV Capital Completes Expansion of New York Cultivation and Production Operations
Stellantis’ new Ram pickup is an EV — with a gas-powered generator in case the battery runs out
2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Automaker Stellantis plans to produce an industry-first electric pickup truck called the Ram 1500 Ramcharger that’s equipped with an electric generator and a gas engine. If that sounds like an oxymoron, here’s how it works: The truck can operate as a zero-emissions EV until its battery dies… Continue reading Stellantis’ new Ram pickup is an EV — with a gas-powered generator in case the battery runs out
Nektar Therapeutics Reports Third Quarter 2023 Financial Results
SAN FRANCISCO, Nov. 7, 2023 /PRNewswire/ — Nektar Therapeutics (Nasdaq: NKTR) today reported financial results for the third quarter ended September 30, 2023. Cash and investments in marketable securities at September 30, 2023, were $372.7 million as compared to $505.0 million at December 31, 2022. Nektar’s cash and marketable securities are expected to support strategic… Continue reading Nektar Therapeutics Reports Third Quarter 2023 Financial Results
KYNDRYL REPORTS SECOND QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK
Strong execution on ‘three-A’s’ strategy drives margin expansion Revenues for the quarter ended September 30, 2023 total $4.1 billion, pretax loss is $109 million, and net loss is $142 million Adjusted EBITDA is $574 million, adjusted pretax income is $25 million, and adjusted net loss is $12 million for the quarter ended September 30, 2023… Continue reading KYNDRYL REPORTS SECOND QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK