Stock in Tesla and other auto makers took a hit on Monday following a disappointing forecast from automotive chip maker ON Semiconductor. The company reported third-quarter sales of $2.18 billion, slightly surpassing analysts' expectations of $2.15 billion. However, ON Semiconductor's management projected fourth-quarter sales of approximately $2 billion, falling short of Wall … [Read more...] about Auto Stocks Drop as ON Semiconductor Disappoints
Aker Carbon Capture Conducting Feasibility Study for Carbon-Capture Plant in Germany
Aker Carbon Capture, a Norwegian company, has announced that it will be conducting a feasibility study for a carbon-capture plant at a waste-to-energy facility in Germany. The study, awarded by Amsterdam-based renewables company Tree Energy Solutions, will focus on assessing the optimal carbon dioxide capture, liquefaction, and temporary storage facility. The proposed plan … [Read more...] about Aker Carbon Capture Conducting Feasibility Study for Carbon-Capture Plant in Germany
McDonald’s Well Positioned for 2024
McDonald's Corp. has reported better-than-expected third-quarter results, leading Wells Fargo analyst Zachary Fadem to believe that the company is in a strong position for 2024. Fadem mentioned several catalysts that support this view. Easing November Compares and December Analyst Event Fadem highlighted easing November compares leading up to McDonald's December analyst event. … [Read more...] about McDonald’s Well Positioned for 2024
Pinterest Stock Soars as Revenue Exceeds Expectations
Pinterest stock is on the rise following the social media platform's impressive revenue performance in its latest quarter. Surpassing Expectations In the third quarter, Pinterest reported adjusted earnings per share of 28 cents, surpassing the Wall Street consensus projection of 21 cents. The company's revenue reached $763 million, exceeding analysts' expectations of $744 … [Read more...] about Pinterest Stock Soars as Revenue Exceeds Expectations
Public Storage Reports Strong Revenue Growth in Q3
Public Storage, a self-storage company based in Glendale, Calif., has reported impressive third-quarter results with revenue in line with expectations. Despite lower occupancy, higher rents have helped drive the company's growth. Financial Performance In the third quarter, Public Storage recorded a profit of $563.2 million, or $3.20 per share, compared to $2.71 billion, or … [Read more...] about Public Storage Reports Strong Revenue Growth in Q3
