Chinese electric vehicle maker XPeng has announced its third-quarter earnings, surpassing Wall Street expectations. Despite this positive news, the company's stock experienced a weak start to trading. Strong Financial Performance XPeng reported an adjusted loss of $380 million from sales amounting to $1.2 billion for the quarter. This result exceeded predictions, as analysts … [Read more...] about XPeng Reports Better-Than-Expected Q3 Earnings
Q3 earnings
Owens & Minor Sees 23% Surge in Shares After Strong Revenue Growth
By Denny Jacob Owens & Minor experienced a significant boost in its share price, with a 23% increase to $19.09, following impressive revenue growth in its most recent quarter. Despite a 2.3% decline over the year, the stock is on track for its highest close in nearly three months. In the third quarter ended September 30, the healthcare solutions company reported a loss of … [Read more...] about Owens & Minor Sees 23% Surge in Shares After Strong Revenue Growth
American Express Reports Strong Q3 Performance
American Express Co. has outperformed profit expectations in the third quarter, with strong spending and positive credit metrics. The company recorded a net income of $2.45 billion, or $3.30 per share, compared to $1.88 billion, or $2.47 per share, in the same period last year. Analysts had predicted earnings of $2.95 per share, according to FactSet. Total revenues, excluding … [Read more...] about American Express Reports Strong Q3 Performance
Siemens Reports Profit in Q3
Siemens, the German industrial company, announced that it achieved a net profit of 1.4 billion euros ($1.54 billion) in the third quarter. This marks a significant turnaround from the net loss of 1.5 billion euros reported in the same period last year. The company attributed the positive result to strong growth in its digital-industries, smart-infrastructure, and mobility … [Read more...] about Siemens Reports Profit in Q3
Fluor Corp. Stock Surges on Strong Q3 Earnings
Overview Fluor Corp.'s stock (FLR, +0.06%) experienced a significant boost of 8% during premarket trading on Friday. The engineering and construction services company, headquartered in Irving, Texas, reported its third-quarter financial results and exceeded analysts' expectations. Financial Performance Fluor recorded a net income of $61 million, equivalent to 35 cents per share … [Read more...] about Fluor Corp. Stock Surges on Strong Q3 Earnings
