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Earnings Miss

Caesars Entertainment Misses Q4 Earnings, Sales Estimates

Caesars Entertainment, Inc. (NASDAQ:CZR) reported its fourth-quarter financial results after the bell Tuesday. Here’s a look at the details. The Details: Caesars Entertainment reported quarterly losses of 34 cents per share which missed the analyst consensus estimate of 7 cents by 385.71%. The company reported quarterly sales of $2.83 billion, missing the analyst consensus estimate […]

Bloom Energy Stock Tanks On Q4 Performance: Earnings Miss, Subpar Outlook and More

Bloom Energy Corporation (NYSE:BE) shares are down after the company reported worse-than-expected fourth-quarter financial results after the bell Thursday. Here’s a look at the details. Bloom Energy reported quarterly earnings of 7 cents per share, which missed the analyst consensus estimate of 11 cents by 36.36%. The company reported quarterly sales of $356.92 million, which missed the […]

Columbia Sportswear Misses Q4 Estimates, Sees ‘Challenging’ Year Ahead

Columbia Sportswear Company (NASDAQ:COLM) reported worse-than-expected fourth-quarter financial results after the bell Thursday. Here’s a look at the details.  The Details: Columbia Sportswear reported fourth-quarter GAAP earnings per share of $1.55, missing the analyst consensus estimate of $1.96 per share. The company reported quarterly revenue of $1.06 billion, missing the analyst estimate of $1.08 billion. […]

UPS Slashes 12,000 Jobs In Cost-Cutting Move, Shares Plunge

United Parcel Service Inc. (NYSE:UPS) witnessed its most significant drop in shares since April 2023. The company’s latest financial report revealed revenues falling below expectations, coupled with weaker-than-anticipated guidance for the future, leading to a sharp market reaction. Massive Job Cuts Amid Rising Costs: To mitigate financial pressures, UPS announced the dismissal of 12,000 employees, […]

Tesla Stock Plunges Premarket, Eyes 8-Month Low After Q4 Letdown: Key Levels To Watch

Tesla, Inc. (NASDAQ:TSLA) shares slid in premarket trading on Thursday after the EV giant’s second straight double miss in the fourth quarter. After the market closed on Wednesday, Tesla reported non-GAAP earnings of 71 cents per share and revenue of $25.17 billion. Both figures fell short of consensus estimates, which anticipated adjusted earnings per share […]

Amid Competition From BYD, Elon Musk Warns Of Chinese Automakers Potential To ‘Demolish’ Rivals

In a recent earnings call, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk said that Chinese automakers could “demolish” their global counterparts if not for existing trade barriers. What Happened: Musk praised the competitiveness of Chinese car companies during a Tesla earnings call. He indicated that their success outside China would hinge on the establishment of tariff or trade barriers, […]

Apple, Nvidia Supplier TSMC Records 19% Q4 Profit Drop But Exceeds Market Expectations

The world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), experienced a 19% decrease in its fourth-quarter net profit, largely due to the global economic downturn affecting chip demand. Despite this, the company’s performance exceeded market predictions. What Happened: TSMC’s net profit for the October-December period fell to T$238.7 billion ($7.6 billion) from T$295.9 […]

Remember Eggflation? Prices Are Plummeting Right Now, New Stat Shows

The largest egg producer in the U.S. reported quarterly financial results yesterday that showed egg prices are down approximately 50% year-over-year. According to Cal-Maine Foods Inc‘s (NASDAQ:CALM) second-quarter (Q2) results, net average selling price per dozen was $1.458 for conventional eggs during Q2 2024, down 49.4% compared with $2.883 for Q2 2023. The Demise of Eggflation Statistics from the U.S. Bureau of Labor […]

Stock Market Extends Record Highs, S&P 500 Hits 4,900 On Tech Rally, Microsoft’s $3 Trillion Mark: What’s Driving Markets Wednesday?

It’s a bullish day on Wall Street, with major U.S. large-cap indices reaching record highs, driven by broad-based rallies in tech-related stocks as investors continue to embrace the AI trade. The U.S. government announced on Wednesday the National Science Foundation, in collaboration with prominent tech companies specializing in artificial intelligence (AI) and nine other federal […]