Super Micro Computer's stock has rebounded after delisting fears due to its auditor's resignation and accusations of financial misconduct. The company has taken steps to address these issues, including appointing a new auditor and conducting an internal review that found no evidence of fraud. While the market shows optimism, the company's continued listing on Nasdaq depends on the approval of its compliance plan. Investors should consider the company's financial health, as preliminary earnings fell short of expectations but still showed significant growth compared to the previous year.
NVIDIA reported record revenue of $35.1 billion for Q3 fiscal 2025, a 17% increase from the previous quarter and a 94% rise from the previous year, driven by strong demand in AI and data center sectors. The company's data center revenue reached $30.8 billion, up 112% year-over-year. NVIDIA's GAAP earnings per share increased by 111% from a year ago, reflecting the growing impact of AI across industries. The company anticipates Q4 revenue of $37.5 billion, with continued expansion in AI infrastructure and partnerships.
NIO Inc. reported its unaudited financial results for Q3 2024, with total revenues of RMB18.67 billion (US$2.66 billion) and vehicle deliveries of 61,855 units, marking an 11.6% increase from Q3 2023. Despite a 31.8% rise in gross profit to RMB2.01 billion, the company faced a net loss of RMB5.06 billion (US$721 million), up 11% year-over-year. NIO's vehicle margin improved to 13.1%, and the company anticipates record deliveries in Q4 2024. Recent developments include the launch of the ONVO L60 and strategic investments in NIO China.
Home Depot reported a 6.6% increase in third-quarter sales to $40.217 billion, surpassing expectations, despite a slight dip in customer transactions and comparable sales. The company raised its full-year 2024 sales forecast and expects a smaller decline in comparable sales than previously anticipated. Adjusted EPS beat estimates at $3.78, though it was down 1.8% year-over-year. Home Depot's gross margin was 33.4%, and it plans for a 33.5% margin in 2024. Shares rose 1.56% premarket following the announcement.
Paramount Global reported a $49 million profit in its streaming unit for the third quarter, marking its second consecutive profitable quarter, driven by a 3.5 million increase in Paramount+ subscribers. Despite this, the company anticipates a loss in the fourth quarter due to content and marketing expenditures. Paramount's Filmed Entertainment unit also returned to profitability, aided by reduced expenses. Overall, Paramount's total revenue declined by 6% to $6.73 billion, with a focus on cost-saving measures to achieve sustained streaming profitability by 2025.
Sony reported a significant increase in operating profit for the September quarter, surpassing analyst expectations, and raised its full-year sales guidance. The company's operating profit reached 445.1 billion yen, a 69% year-over-year increase, driven by strong performance in its game and network services division, including the PlayStation brand. Despite slightly missing revenue expectations, Sony revised its fiscal year 2025 revenue target to 12.7 trillion yen. The gaming sector is expected to improve next year with new console releases and major game launches.
Lucid Group, Inc. reported its Q3 2024 financial results, highlighting a 90.9% increase in vehicle deliveries compared to Q3 2023, with 2,781 vehicles delivered and 1,805 produced. The company generated $200 million in revenue but reported a GAAP net loss per share of $(0.41). Lucid ended the quarter with $5.16 billion in liquidity and completed a $1.75 billion capital raise in October 2024. The company is on track to produce approximately 9,000 vehicles annually and has opened orders for its new Lucid Gravity SUV.
Warner Bros. Discovery reported a significant increase in streaming subscribers, reaching 110.5 million, driven by its international expansion of the Max service. However, the company's Q3 2024 revenues fell by 3% to $9.62 billion, with a notable decline in box office earnings due to the absence of a major hit like 'Barbie.' Despite the growth in direct-to-consumer subscribers, overall financial performance was impacted by acquisition-related costs and restructuring expenses. The company also faces challenges with the loss of NBA rights and a recent movie flop.
Moderna reported third-quarter 2024 revenues of $1.9 billion, with a net income of $13 million, driven by strong sales of its updated COVID-19 vaccine. The company initiated Phase 3 trials for norovirus and influenza vaccines and expanded its executive committee. Despite a decrease in cash reserves, Moderna remains focused on achieving $3.0 to $3.5 billion in product sales for 2024 and plans to deliver 10 product approvals over the next three years. The company also announced strategic expansions and partnerships to enhance its vaccine portfolio and operational capabilities.
Moderna reported third-quarter 2024 revenues of $1.9 billion, with a net income of $13 million and earnings per share of $0.03. The company achieved year-to-date product sales of $2.2 billion and expects 2024 sales to reach $3.0 to $3.5 billion. Moderna launched updated COVID-19 and RSV vaccines globally and initiated Phase 3 trials for norovirus and influenza vaccines. The company also expanded its executive committee and announced strategic initiatives, including a joint agreement in Taiwan and a new manufacturing facility in Quebec. Moderna remains focused on driving sales growth and reducing costs.
Ford Motor Company experienced a record quarter for electric vehicle (EV) sales, leading to a 7.1% increase in U.S. sales to nearly 2 million vehicles. Despite this success, Ford's EV business unit, Model e, is projected to lose about $4.5 billion in 2023 due to high production costs. However, this loss is seen as a necessary step towards long-term profitability, with the company aiming for an 8% EBIT margin by the end of 2026 through increased sales, design and engineering improvements, and lower battery costs. Ford's commitment to EVs, including the popular F-150 Lightning, positions it as America's No. 2 EV brand and indicates potential growth in 2024 with new vehicle releases.
Ford (F) experienced a significant increase in vehicle sales in the US for 2023, with a 7.1% year-over-year growth, selling nearly 2 million vehicles. The company saw a substantial rise in electric vehicle (EV) sales, with the F-150 Lightning and Mustang Mach-E leading the charge. Ford's F-Series maintained its position as America's best-selling truck for the 47th consecutive year and the best-selling vehicle for the 42nd year. The automaker also plans to launch new versions of popular models in 2024. Ford holds a Zacks Rank #3 (Hold), while other auto companies like Volvo, NIO, and Toyota Motor Corporation are also highlighted for their rankings and projected sales and earnings growth.
Conagra Brands, Inc. reported a decrease in net sales by 3.2% and organic net sales by 3.4% for the second quarter of fiscal year 2024. Operating margin and adjusted operating margin also saw declines, with diluted EPS dropping by 24.1% to $0.60 and adjusted EPS by 12.3% to $0.71. The company has revised its fiscal 2024 guidance, expecting a decrease in organic net sales between 1.0% and 2.0%, an adjusted operating margin of approximately 15.6%, and an adjusted EPS between $2.60 and $2.65. Despite the challenging macro environment, the CEO noted positive signs, including improved volume trends in domestic retail and market share gains in the frozen business.
Tesla announced the production of approximately 495,000 vehicles and delivery of over 484,000 vehicles in Q4 2023, with a year-over-year growth of 38% in deliveries to 1.81 million and a 35% production increase to 1.85 million for the full year. The company will release its Q4 and full-year financial results on January 24, 2024, followed by a live Q&A webcast. These figures are part of Tesla's broader financial performance and should not be seen as the sole indicator of its financial health.
