Tag

Gross Margins

All articles tagged with #gross margins

industries1 month ago•22 min saved

Apple signals resilient margins as memory costs loom

Apple forecast gross margins of 48%–49% for the March quarter, above December’s 48.2% and the 47.3% consensus, aided by a favorable mix of high‑margin hardware and Services growth (a record $30 billion in the December quarter). Memory pricing is rising and could pinch margins, but Cook said Apple will look at a range of options to mitigate it. Strong iPhone momentum and the Services pull helped support margins, and the stock rose about 1% in after-hours trading.

via MarketWatch|

#aapl #apple-inc #gross-margins

business2 years ago•1 min saved

Beyond Meat's Stock Skyrockets Over 100% Due to Strong International Sales

Beyond Meat's stock surged over 60% in after-hours trading after the company's quarterly results revealed a forecast of improved gross margins for 2024, despite reporting a net loss for the fiscal fourth quarter. The company's 2024 plan includes cost-saving initiatives and manufacturing optimization efforts to support margin expansion, with analysts noting the encouraging steps taken to right-size the business in the plant-based meat category. Despite the initial surge, the stock settled to around a 68% increase, following a challenging year where it had declined 58%.

via MarketWatch|

#beyond-meat #business #earnings-report

business2 years ago•4 min saved

Spotify's Q3 earnings exceed expectations with profitable quarter and user growth

Spotify reported a profit of 65 million euros ($69.1 million) in Q3, beating expectations, as the music streaming platform focused on reducing podcasting investments and implementing price hikes. The company achieved its first quarterly profit in over a year, with strong gross margins of 26.4%. While average revenue per user for premium subscriptions declined, total monthly active users reached 574 million, surpassing estimates, and premium subscribers increased to 226 million. Spotify's stock initially rose but later reversed gains. The company aims to improve profitability through cost-cutting initiatives and scaling its podcasting and ads business.

via Yahoo Finance|

#business #gross-margins #profit

business2 years ago•8 min saved

Cannabis Companies Report Strong Q2 2023 Performance and Full Year Guidance

TerrAscend Corp., a leading North American cannabis company, has preannounced strong second quarter 2023 financial results, with net revenue of $72.1 million, representing a 12.7% YoY increase and a 3.9% sequential increase. The company also reported a gross profit margin of 50.2%, up from 48.8% in Q1 2023. TerrAscend expects full-year 2023 net revenue and adjusted EBITDA from continuing operations to be at least $305 million and $58 million, respectively. The company attributes its strong performance to improved margins, a transformed balance sheet, and successful acquisitions.

via GlobeNewswire|

#business #cannabis #financial-results

business2 years ago•3 min saved

Tesla Earnings Day: TSLA Upgraded Amid Cybertruck Focus and Strategic Price Cuts

Tesla reported better-than-expected Q2 profits, with a 20% increase in earnings per share and a 47% increase in revenue. However, gross margins remained below the targeted 20% "floor" due to vehicle price cuts and discounts. Analysts expressed concerns about gross margins, but expect them to improve in the coming quarters. Tesla's global vehicle inventory increased by 300% compared to last year. The company also confirmed that the Cybertruck is on track for initial production later this year. Tesla reported record global deliveries in Q2, surpassing Wall Street forecasts.

via Investor's Business Daily|

#business #cybertruck #global-deliveries

business2 years ago•0 min saved

AMD's Q1 earnings beat overshadowed by declining chip sales and uncertain outlook.

AMD highlighted its AI and data-center products for the second half of the year, but admitted it will take a rebound in the PC market to improve gross margins. The chip maker's shares fell 6.5% after hours, following a 0.3% rise to close the regular session at $89.91.

via MarketWatch|

#ai #amd #business

business2 years ago•2 min saved

Spotify CEO discusses AI, earnings, and potential price increase in 2023.

Spotify CEO Daniel Ek has hinted that the company may raise prices in 2023, but only when the timing is right and negotiations with label partners are complete. The music streaming giant raised prices in 46 different markets last year, which continued to outperform despite the increase. Spotify reported 515 million monthly active users in Q1, beating expectations, and reiterated its guidance of gross margins between 30% to 35% over the long term amid plans to further scale its podcasting and ads business.

via Yahoo Finance|

#business #gross-margins #label-partners

business2 years ago•8 min saved

Stocks Slide on Earnings Reports: Tesla and Netflix Among Biggest Losers.

Tesla's earnings fell 21% YoY due to major price cuts, with gross margins and free cash flow tumbling far more than expected. Continued price cuts will likely keep pressuring gross margins going forward. Tesla stock tumbled 6% in extended trade. The stock market rally opened lower and steadily improved to narrowly mixed on the major indexes.

via Investor's Business Daily|

#business #earnings #gross-margins

business2 years ago•3 min saved

Tesla Implements Global Price Cuts to Boost Sales Ahead of Earnings

Tesla has reduced prices of its vehicles in several European markets, Israel, and Singapore, continuing its 2023 price-slashing strategy ahead of its first-quarter financials release next week. The price cuts come after Tesla's decision last week to cut U.S. prices on all its EVs. Tesla will not attend next week's Shanghai Auto Show, even as its top China competitors plan to roll out new EVs. Gross margins are expected to be in focus during the earnings report, with analysts predicting earnings falling 19% to 86 cents per share with revenue growing 27% to $23.78 billion in Q1.

via Investor's Business Daily|

#business #evs #gross-margins

business2 years ago•1 min saved

Tesla's Q1 Margin and Stock Performance Under Scrutiny.

Tesla's Q1 earnings report next week will be closely watched following recent price cuts, with a stronger-than-expected result indicating cost strength and lower input costs, while an in-line or lower outcome could suggest over-capacity or product aging. Markets have not yet priced in the latter scenario, according to Citi analyst Itay Michaeli. Meanwhile, Tesla plans to build a new battery manufacturing facility in Shanghai.

via Seeking Alpha|

#business #gross-margins #manufacturing-facility

business3 years ago•3 min saved

Nike's Margins Weighed Down by Inventory and Weak Sales, Despite Strong Demand and Upbeat Earnings.

Nike's gross margins for the full year are expected to be at the low end of expectations due to markdowns on clothing to clear inventory, which could threaten profit growth. However, the company raised its full-year sales forecast to a percentage gain in the "high single digits." Nike's Q3 net income was $1.24 billion, beating expectations, but gross margins fell 330 basis points to 43.4%. Sales in China fell, but Jefferies analyst Randal Konik suggested that Adidas' struggles could become Nike's gains. Foot Locker has "revitalized" its relationship with Nike to focus on data-sharing and sneaker culture.

via MarketWatch|

#adidas #business #gross-margins