US Stock Reports, Quotes and News
Q4 results today: 94 companies, including M&M and Vodafone Idea, to announce Q4 results for Jan-Mar 2024. M&M expected to report net profit between Rs 1,777-2,079 crore with revenue at Rs 24,051 crore. Vodafone Idea\’s Q4 net loss to widen between Rs 7,307-7,680 crore with revenue around Rs 10,690.
TOKYO (Reuters) -Japanese electric motor maker Nidec on Tuesday posted an operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China's electric vehicle market.
(Reuters) – Shares of Tesla (NASDAQ:TSLA) edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
Netflix Inc. (NASDAQ:NFLX) announced in its Q1 2024 Earnings Interview that it will discontinue the reporting of quarterly membership and average revenue per member (ARM) data starting in 2025. This shift is due to the evolving nature of the company\’s revenue model, which now encompasses advertising and additional member features.
(Reuters) – Snap-On missed Wall Street estimates for first-quarter sales on Thursday, as vehicle service and repair technicians bought fewer tools and equipment made by the company, offsetting steady demand for its products from auto dealerships.
(Reuters) – Omnicom Group (NYSE:OMC) beat Wall Street estimates for first-quarter profit and revenue on Tuesday, helped by solid demand for its advertising services amid major political and sports events.
(Reuters) – U.S. trucking firm JB Hunt (NASDAQ:JBHT) Transport Services missed Wall Street estimates for first-quarter results on Tuesday, hurt by a decline in revenue in its biggest segment and pricing pressures at its brokerage business.
(Reuters) – Bank of New York Mellon (NYSE:BK) beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more than offsetting lower interest income for the world\’s largest custodian bank.