The shares fell after Xpeng said its expected delivery for Q3 to be between 29,000 to 31,000 units.
For Q3 2022, JD.com is predicting a decline in the revenue. But it is too early now to say how it will go, as the company’s performance will partially depend on the economic situation in China.
Like Ford, many companies have been cutting costs and lowering headcounts due to the ongoing market condition.
Looking forward, the software company expects its full-year 2023 revenue to fall between $4.385 billion and $4.395 billion.
The primary aim of the ongoing cost-cutting measures is to return their businesses to profitability across the board.
Several crypto-oriented stocks regressed in Friday’s pre-market trading, after a promising start to August as lead crypto BTC also fell.
Cisco has given a strong outlook for the coming fiscal year after its shares surged owing to a sound fiscal Q4 2022 report.
A 20-year-old USC undergraduate realized massive profit after trading Bed Bath & Beyond stock the month after his initial buy-in.
Moving forward from the fiscal quarterly report, Cisco gave better-than-expected guidance for its full 2023 fiscal year.
Cramer said that the software companies’ nightmare that has been persisting may finally be over.
Disney announced new pricing rates for its streaming businesses in order to increase its profits.
The SEC filing showed that the Tesla shares were sold between August 5 and 9, a move Musk made after Tesla’s annual shareholder meeting that was held in Austin on August 4th.
Stock futures remained largely unchanged even as investors await the July inflation report, which could affect September’s hike in interest rates.
While Coinbase reported 9 million monthly transacting users during Q2 2022, the company recorded 9.2 million in the previous quarter. Notably, the numbers exceed analysts’ estimates of 8.7 million.
Roblox will continue to invest in strategic areas that will trigger growth and monetization.