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Earnings Release

All articles tagged with #earnings release

finance1 year ago

"Analyst Expectations and Stock Surge: Plug Power's Q4 Earnings Preview"

Plug Power is set to release its Q4 2023 financial results, with expectations of benefiting from recent acquisitions and revenue growth. The company's strong product portfolio and global expansion efforts are likely to have contributed to its performance, but concerns over escalating costs and geopolitical risks remain. The Zacks model suggests an earnings beat for Plug Power this quarter, with an Earnings ESP of +26.32% and a Zacks Rank #3. Additionally, the performances of other industrial companies like Emerson Electric Co., A. O. Smith Corporation, and EnerSys are also highlighted.

via Yahoo Finance|
#acquisitions#earnings-release#finance
finance1 year ago

Lyft's Earnings Typo Sends Shares Soaring

A trader at Bright Trading, Sinisa Sorgic, experienced a wild 45-minute ride in Lyft's stock after a typo in the company's earnings release caused a 50% spike, leading him to short the shares at $16. However, Lyft's CFO later clarified that the operating margin would only grow by 50 basis points, not 500 as initially stated. This correction caused the stock to plunge back to $14, allowing Sorgic to cover his position with a small profit of under $1,000.

via Yahoo Finance|
#earnings-release#finance#lyft
business1 year ago

"Lyft's Rollercoaster Ride: Earnings Error Sends Stock Soaring"

Lyft's shares experienced significant volatility after the company inadvertently released its earnings report early, causing confusion and uncertainty among investors. The error led to a sharp decline in the stock price, followed by a rapid recovery as the company clarified the situation. This incident highlights the impact of accurate and timely financial disclosures on stock market performance.

via Financial Times|
#business#earnings-release#error
aviation2 years ago

Southwest Airlines faces challenges with growth and profitability

Southwest Airlines plans to slow its capacity growth in 2024 due to moderating travel demand and a shift back to pre-pandemic booking patterns. The airline expects to expand its flying by 10-12% in Q1 2024, down from a previous forecast of up to 16% growth, and aims for 6-8% growth for the full year. This adjustment comes as airlines have expanded their flying this year, leading to lower airfares. Southwest's net income in Q3 2023 dropped 30% from the previous year, while revenue increased 4.9%. Other low-cost carriers, such as Spirit Airlines and Frontier Airlines, also reported losses and forecasted negative margins for the fourth quarter.

via CNBC|
#aviation#booking-patterns#capacity-growth
finance2 years ago

The Turbulent Times of Carl Icahn and Icahn Enterprises.

Trading in shares of Icahn Enterprises LP was choppy Thursday amid the continued fallout from a short seller’s report that was critical of the investment arm of activist investor Carl Icahn. The company's stock has lost 36% of its value and $6.5 billion of market cap this week. The company said it is moving the release of first-quarter earnings to before market open on May 10. The report also highlighted the existence of personal indebtedness by Icahn. The company's bonds also remained under pressure.

via MarketWatch|
#bonds#carl-icahn#earnings-release