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Q2 Guidance

All articles tagged with #q2 guidance

business1 year ago•7 min saved

American Airlines Stock Plummets After Q2 Guidance Cut

American Airlines has cut its second quarter guidance and announced the departure of its Chief Commercial Officer, Vasu Raja, citing "too much capacity" in the industry and poor execution of corporate sales strategies. Analyst Savi Syth from Raymond James expressed surprise at the extent of the guidance cut but noted that the underlying issues were anticipated. The company faces challenges in managing capacity and strategic changes, impacting its performance compared to competitors like United Airlines and Delta.

via Yahoo Finance|

#airline-industry #american-airlines #business

business1 year ago•3 min saved

American Airlines Stock Plummets After Slashing Q2 Outlook

American Airlines' stock dropped nearly 10% after the company cut its second-quarter sales outlook and announced the departure of its Chief Commercial Officer. The revised guidance points to potential issues with summer travel demand and highlights specific challenges faced by American Airlines, unlike other major carriers like Delta and United, which are performing better.

via Yahoo Finance|

#airline-industry #american-airlines #business

business2 years ago•1 min saved

Nio's Q2 earnings report causes stock volatility.

Chinese EV manufacturer Nio reported a 7.7% rise in revenue from the prior year quarter to $1.55B, but missed top-line expectations and forecasted further delivery declines. Total deliveries in the quarter reached 31,041 vehicles, up 20.5% from Q1 2022, but a 22.5% drop sequentially. Vehicle margin was 5.1% in the first quarter of 2023, down significantly from 18.1% in the prior year quarter as a pricing war continues in China. Management expects sequential delivery declines to continue, charting between 23,000 and 25,000 vehicles to be delivered in Q2.

via Seeking Alpha|

#business #china #ev

business2 years ago•1 min saved

Lyft's Q1 earnings beat expectations, but weak guidance causes stock to plummet.

Lyft's shares fell by almost 15% in extended trading after the ride-hailing company issued a weaker-than-expected forecast for Q2. The company reported a net loss of $187.6m, including stock-based compensation costs and related payroll expenses of $186.6m. Lyft expects Q2 sales of approximately $1.0bn to $1.02bn, while analysts were projecting $1.08bn. Prior to the after-hours decline, Lyft shares had lost half their value in the past year.

via CNBC|

#business #lyft #q2-guidance

logistics2 years ago•4 min saved

Landstar predicts bottom is near despite April setback.

Landstar System, a freight broker, reported a decline in revenue per load on loads hauled by truck by 14% YoY in Q1 2021. The company expects the metric to step down between 1% and 3% sequentially in Q2 2021. The weakness is broad-based but more pronounced for consumer-related, dry van freight. Landstar has experienced a downward pricing trend for the last 13 to 14 months and CEO Jim Gattoni said that the entirety of most cycles is only 18 to 24 months. The company expects Q2 revenue of $1.4 billion to $1.45 billion, compared to consensus revenue of $1.5 billion at the time of the print.

via FreightWaves|

#freight-broker #landstar-system #logistics