Tag

Q1

All articles tagged with #q1

business1 year ago

"GM's Q1 US Sales Dip 1.5% Despite Retail Delivery Jump"

General Motors reported a 1.5% dip in US sales for Q1, attributed to lower fleet sales, but retail deliveries surged 6%, with trucks and pickups driving the performance. The company delivered 594,233 vehicles, surpassing estimates, and saw gains in SUV and pickup sales, particularly in the retail sector. Despite a 23% drop in fleet sales due to production constraints, GM's retail market share increased, and its EV sales, including the Cadillac LYRIQ and Hummer EV, showed significant growth. GM's ability to leverage traditional gas powertrain vehicle sales has helped it weather the current EV demand slump, with the highly anticipated Equinox EV set to begin sales in Q2.

technology1 year ago

"Rare Discovery: World's First Desktop Computers Unearthed in House Clearance"

Two of the world's first desktop computers, the Q1, have been discovered during a house clearance in London. These relics, dating back over 50 years, were found by staff from a waste firm and will be displayed in an exhibition at Kingston University's computer science department. The Q1, released in 1972, was the first fully-integrated desktop computer powered by a single-chip microprocessor and preceded the earliest fully-integrated computers from IBM and Apple. Despite its high cost, the Q1 laid the foundation for today's modern computers and will be showcased alongside 60 other computers and gaming machines until February 17.

business2 years ago

Oracle exceeds earnings expectations but falls slightly short on revenue.

Oracle reports Q1 non-GAAP EPS of $1.19, beating expectations by $0.04. However, revenue of $12.45 billion misses by $20 million. Q1 cloud revenue, including infrastructure and applications, reaches $4.6 billion, up 30% in USD. Oracle's cloud services and license support revenue now account for 77% of total revenue. The company's non-GAAP earnings per share grew by 16%, while free cash flow increased by 21% in Q1.

gaming2 years ago

"Hogwarts Legacy Reigns Supreme as Q1's Top-Grossing Title in US and UK"

Hogwarts Legacy was the top-grossing game in the US and UK during Q1, according to a report by Newzoo. The Harry Potter RPG was the highest-selling game on PC in both countries, with FIFA 23 and Fortnite also among the top earners in the UK, and NBA 2K23 and Fortnite in the US. The report also noted that US players spent more on first-party Nintendo games, while UK players exhibited more diverse spending behaviors across different titles, genres, and publishers.

business2 years ago

Ford's Q1 2023 Earnings to Highlight EVs and Model Y Rival.

Ford is set to release its Q1 2023 earnings, with analysts expecting overall earnings to increase slightly alongside higher revenues as the industry shifts to fully electric vehicles. Ford's EV sales in Q1 2023 saw a 41% YoY growth, with Mustang Mach-e sales falling nearly 20% due to production renovations. Ford's upcoming Q1 earnings will break down its financial results into three segments, with the electric vehicle business expected to lose $3 billion this year. Despite the losses, Ford expects its first-gen EVs to approach the breakeven point this year.