Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.
Philips posted its Q3 2022 report as the company grapples with the fallout from a medical equipment recall.
Stock traders and investors look poised for a bountiful week of earnings as they await a major interest rate decision from the Fed.
Just like the positive bullish growth in the rest of the Asian Pacific market outside of China and Hong Kong, the United States stock market also ended its last trading session in the green.
Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.
The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.
The social media company said it remains optimistic about its long-term opportunity amid its community growth.
A source has clarified that the company does not rule out the possibility of going public this year, however, it is unlikely.
At the latest Tesla earnings call, Elon Musk stated that Twitter has much greater potential than current value.
IBM recorded $4.70 billion in consulting revenue during Q3 2022. The figure is a 5.5% jump over the prediction of $4.51 billion.
Tesla said during the Q3 2022 earnings call that it expects to miss its delivery target for the year.
The plunge in revenue and profits in the quarter are borne out of the reduction in trading volumes, a situation that is not necessarily peculiar to the Hong Kong Stock Exchange alone.
Johnson & Johnson saw a better-than-expected in the third quarter according to its Q3 2022 report. However, JNJ may cut jobs soon.
Netflix wrote in its fiscal Q3 earnings announcement that it is “optimistic” about its new advertising business.
Following strong earnings reports from several financial companies, the Dow Jones Industrial Average is currently rallying.