Tag: “Sector”

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker’s shares down more than 7% in premarket U.S. trade.

French car parts company Valeo announced on Friday an agreement to sell its propulsion systems business in Russia to Russian company NPK Avtopribor.

Deere crushed Wall Street’s earnings estimates and increased fiscal-year financial guidance. The stock, however, was down. Current results were great, but investors are worried about whether the current phase of rising demand for agricultural equipment is over.

China’s heavily indebted property giant Evergrande Group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court.

Synopsys shares gained ground in late trading Wednesday, after the provider of chip design software posted better-than-expected results for the quarter and provided upbeat guidance.

Tapestry which agreed to buy Capri last week, forecast fiscal 2024 profit and sales below estimates and reported lower-than-expected quarterly results on Thursday, as demand for its luxury handbags and accessories slows down in the United States.

Wolfspeed shares dropped after the chip company said its next loss would be wider than expected. 

Cisco Systems stock moved higher in late trading Wednesday after the networking giant showed signs of improvement in its product orders.

CVS Health  stock fell Thursday on a report that a major health insurer will drop its pharmacy-benefit management service in favor of a system partially operated by Amazon.com.  

Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending.

Tencent on Wednesday reported a weaker-than-expected surge in profit for the second quarter, as cost-cutting measures began to pay off and sales rose across the company’s various businesses.

TJX Cos.  turned in better earnings and sales results than expected and raised fiscal-year guidance, sending the stock higher in premarket trading Wednesday.

Intel on Wednesday terminated its acquisition of Israeli chipmaker Tower Semiconductor, saying it failed to secure the required regulatory approval.

Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as the crypto exchange battles a lawsuit from the Securities and Exchange Commission (SEC).

Target on Wednesday missed quarterly sales expectations and slashed its full-year forecast, as it again had trouble convincing shoppers to buy more than necessities.

Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in China by as much as 6.9%, it said on Wednesday.

Cava on Tuesday posted a profitable quarter for its first earnings report since its initial public offering in June.

Chinese e-commerce firm JD.com beat Wall Street estimates for second-quarter revenue on Wednesday, as its focus on lower-priced products to attract customers amid an economic slowdown paid off.

Shares of Zim Integrated Shipping fell after the company’s revenue fell sharply due to lower shipping rates.

 BP  has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen.