Since Uber reported strong earnings last week, investors and industry watchers are now turning their attention to Uber's smaller rival, Lyft. While Uber has successfully turned its business around, achieving GAAP profits in its latest quarter, Lyft hasn't experienced the same level of success. Although both companies are benefiting from a recovery in rides activity, Uber has … [Read more...] about Lyft’s Moment in the Spotlight
earnings
Commerzbank Reports Higher Earnings in Q2 2023
The second quarter of 2023 brought good news for Commerzbank as it reported an increase in earnings, largely driven by higher interest rates. The German bank's net profit for the quarter reached €565 million, up from €470 million in the same period last year. One of the key factors behind this positive result was the record-breaking net interest income, which soared to €2.13 … [Read more...] about Commerzbank Reports Higher Earnings in Q2 2023
Salesforce Stock Downgraded by Morgan Stanley Analyst
Morgan Stanley analyst Keith Weiss has downgraded Salesforce stock to Equal Weight from Overweight, causing the cloud-based software giant's shares to edge lower. Despite the downgrade, Weiss has raised his target price for Salesforce stock to $278 from $251. This shift reflects a focus on 2025 results rather than 2024 and incorporates higher estimates resulting from recent … [Read more...] about Salesforce Stock Downgraded by Morgan Stanley Analyst
Auto1 Group Faces Decline in Sales and Lowers Expectations
Shares in Auto1 Group have seen a significant decline today following the company's report of decreased units sold in the second quarter, as well as a downward revision of their sales expectations for the entire year. As of 0950 GMT, shares were down 9.45% at EUR8.87. According to Auto1, they sold 141,682 units in the quarter, representing a 15% decrease compared to the … [Read more...] about Auto1 Group Faces Decline in Sales and Lowers Expectations
Cenovus Energy Reports Lower Earnings and Production Due to Alberta Wildfires
Canadian integrated oil and natural gas company, Cenovus Energy, announced a decrease in earnings and production on Thursday, attributing the decline to the impact of Alberta wildfires during the summer. Lower Earnings Cenovus reported lower net earnings of 866 million Canadian dollars ($655.6 million), or C$0.44 a share, compared with C$2.43 billion, or C$1.19 a share. … [Read more...] about Cenovus Energy Reports Lower Earnings and Production Due to Alberta Wildfires
