News of New York

Hertz Surpasses EV Sales Target by 10,000 Units Despite Significant Loss
25 April 2024
2939
Hertz's Shocking Slide Hertz Global Holdings Inc. saw its shares continue their descent on Thursday, following the disclosure of its Q1 financial results. The results unveiled a larger-than-anticipated loss and an augmented strategy to divest its el...
Boeing Faces Shareholder Lawsuit After MAX 9 Crisis
1 February 2024
4296
Разгром 737 MAX Boeing , известный производитель самолетов, в настоящее время находится под пристальным вниманием из-за обвинений со стороны акционеров. Они утверждают, что компания поставила прибыль выше безопасности и ввела инвесторов в заблуждени...
IKEA's $1.1 Billion Strategy: Slashing Prices Amid Global Deflation for Crisis Resilience
29 November 2023
3522
The IKEA Effect For those accustomed to frequent shopping, the recent years may have involved skillful navigation through store aisles and bracing for potential price increases on beloved items like sandwiches, eggs, or home decor. Encouragingly, a ...
Adidas Yeezys Sales Soar to $437 Million in Q2 2023
3 August 2023
3604
Adidas' Yeezy Phenomenon Adidas, the sports apparel giant, reported impressive revenue of $437 million (€400 million) from the sale of Yeezy merchandise during the second quarter of 2023, according to the company's...
Nio Stock Plummets Following Significant Revenue Shortfall and Warning
9 June 2023
4058
Warning Signs for Nio Nio Inc., a prominent Chinese electric vehicle manufacturer, experienced a downturn in its U.S.-listed stocks on Friday after unveiling its first-quarter financial results. The company's revenue fell short of expectations prima...
Cisco's Alarming Tech Demand Signal Sparks Stock Decline: What It Means for the Industry
18 May 2023
3828
Cisco beats expectations Cisco, the networking giant, exceeded expectations in its fiscal third-quarter results, reporting a revenue of $14.6 billion, a 14% YoY growth. The company's GAAP gross margins improved to 63.4%, reinforcing confidence in ra...
Rivian has its a horrible year ever
26 December 2022
4431
Rivian in 2022 Rivian's shares are trading at around $19.14, The Street reports. It's worth noting that Rivian is considered a major competitor to Tesla. Rivian (NASDAQ: RIVN) shares started the year at $103.69. They are currently trading around $1...
Verizon's quarterly net profit falls more than 23%
21 October 2022
3512
Quarterly report from the company US telephone operator Verizon Communications (NYSE: VZ) reported a 24% decline in net income for the third quarter to $5 billion, compared with $6.6 billion in the s...
Apple report beats Wall Street estimates
29 July 2022
8435
Report from Apple Apple (NASDAQ: AAPL) shares rose after the report as Q3 fiscal 2022 revenue and earnings beat market analysts' forecasts. However, Apple's sales growth is slowing sharply and experts expect lower electronics sales due to inflation....
Tesla reports strong quarter
21 July 2022
5033
Report from the company Tesla (NASDAQ: TSLA) shares rose in the postmarket on Wednesday after the automaker reported earnings per share above analysts' forecasts and 42% revenue growth despite inflation concerns, component shortages and COVID-19 in ...
Bank of America profits down 32% at end of Q2 2022
18 July 2022
4850
Report from Bank of America Bank of America's profit for the second quarter of this year fell by 32% compared to the same period in 2021. Such data are given in the bank's quarterly financial results report published on Monday. The second-largest U...
Nvidia report: Revenue up 46%
26 May 2022
3585
Nvidia shares and report Nvidia (NASDAQ: NVDA)'s financial report showed that the chipmaker's revenue and profit growth remain strong and exceed analyst estimates. Nvidia (NASDAQ: NVDA) shares reacted with a 6% decline on the release of its Q1 fisc...
Foot Locker's total sales increased by 1%
20 May 2022
4012
Company report US sportswear and footwear retailer Foot Locker New York today released its Q1 2022 results report. Thus, the company's shares opened at $31.79 in today's trading and are trading on the plus side. However, the company's shares have ...
Elon Musk plans to quintuple Twitter's revenue by 2028
7 May 2022
3653
Elon Musk's plans Entrepreneur Elon Musk, who is acquiring Twitter, intends to more than quintuple the company's revenues in six years. The New York Times reported this on Friday, citing data from a presentation to investors. According to its infor...
Report from Rockwell Automation: Total orders up 37%
3 May 2022
3272
Financial results Rockwell Automation (NYSE: ROK) today released its results report for Q2 2022. As for the company's shares, it is worth noting that Rockwell closed at $250.04 in yesterday's trading, losing -1.04%. Also, the high per share was US$...
BlackRock releases first quarter 2022 earnings report
13 April 2022
3851
The company's Q1 2022 report New York-based BlackRock (NYSE: BLK) today released its Q1 2022 earnings results report. As for the company's stock, it opened on the plus side in today's trading. However, BlackRock shares have fallen by -3.56% over th...
Stran & Company reports earnings for 2021
28 March 2022
3390
Financial results from Stran and Company US-based Stran and Company (NASDAQ: STRN) today released its earnings and profitability report for 2021. Stran and Company shares opened today trading at $1.77. Over t...
Disney shares up: Disney+ parks and subscription revenue above estimates
10 February 2022
3584
Shares after the report After the close of trading on Wednesday, Disney announced its financial results for fiscal year 2022 (ending 2021-12-31) Q1. Disney (DIS) shares, down 22.36% over the past 12 months, were up 6.64% at the ...
Citrix acquires Elliott and Vista for $16.5bn
31 January 2022
3419
Company report Citrix Systems (CS) released its fourth-quarter results on Monday, beating analysts' estimates. The earnings figure exceeded forecasts. The Citrix reported earnings per share of $1.47...
VF Corporation reports EPS for third quarter
28 January 2022
3237
The clothing and footwear manufacturer has reported VF Corp. (VFC) today reported solid financial results for the third quarter of financial year 2022. However, despite the challenging economic ...
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