According to a Citi Research analyst, Tesla Inc. is expected to have a "neutral-to-slightly negative" setup for its upcoming earnings report. In comparison, the earnings prospects for General Motors Co. are seen as more compelling. Concerns over Tesla's Valuation Tesla's earnings report, scheduled for July 19, comes at a time when the company's shares have more than doubled … [Read more...] about Tesla Inc. Earnings Report Analysis
A2 Milk Achieves Revenue Guidance in Chinese Market
A2 Milk, the New Zealand-based dairy company, announced that it has achieved its annual revenue guidance. However, the company remains cautious as it navigates the increasingly challenging Chinese market for infant formula and struggles with weak sales through daigou, or surrogate shopping. In the 12 months through June, A2 Milk reported a 10% increase in revenue, amounting to … [Read more...] about A2 Milk Achieves Revenue Guidance in Chinese Market
Altium Reports 20% Rise in Annual Profit, Raises Dividend
Sydney, Australia - Altium, a leading printed circuit-board software provider, has announced a 20% increase in its annual profit, resulting in a rise in its dividend payout. The company reported a net profit of $66.3 million for the 12 months ending June, with revenue reaching $263.3 million. This performance exceeded the average analyst forecast, which predicted a net profit … [Read more...] about Altium Reports 20% Rise in Annual Profit, Raises Dividend
ASML Holding Boosts Sales Guidance for the Year
ASML Holding, a leading chip-equipment maker, has raised its sales guidance for the year amidst an eagerly awaited U.S. decision that could potentially result in restrictions on sales to China. Strong Financial Performance ASML reported a significant increase in earnings, with a rise to €1.94 billion ($2.2 billion), or €4.93 per share, compared to €1.41 billion, or €3.54 per … [Read more...] about ASML Holding Boosts Sales Guidance for the Year
Exor Acquires 15% Stake in Philips
Exor Acquires 15% Stake in Philips, Investing Over $2.8 Billion Italian investment company Exor and Royal Philips have announced a new relationship agreement that will see Exor acquire a 15% stake in the Dutch health-technology company for an undisclosed sum. The investment is estimated to be worth around €2.58 billion ($2.82 billion). Exor, which holds investments in various … [Read more...] about Exor Acquires 15% Stake in Philips
