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Q3 2023 Earnings

All articles tagged with #q3 2023 earnings

business2 years ago

Nio Inc. Reports Narrower Losses, Stock Jumps 4%

NIO Inc., a Chinese electric vehicle manufacturer, reported a Q3 2023 loss of $2.28 EPS, missing expectations of $0.43 EPS. Despite the earnings miss, NIO delivered 55,432 electric vehicles in Q3, a 75.4% YoY increase, and ranked first in China's EV segment with a market share above 45%. The company also highlighted the launch of the All-New EC6 and the expansion of its sales, service, and power networks. NIO's CEO expressed confidence in the company's long-term competitiveness and announced plans to unveil a new flagship model at NIO Day on December 23.

via Yahoo Finance|
#business#electric-vehicles#financial-performance
business2 years ago

Fisker's Q3 2023 Earnings Call Delayed, New Date Announced

Fisker has changed the timing for the release of its Q3 2023 earnings results and conference call to Monday, November 13th after the market close. The adjustment is due to the appointment of a new chief accounting officer and the departure of the former chief accounting officer, causing a delay in finalizing the financial statements. Fisker will submit a Form 12b-25 notification and expects to file its Form 10-Q by November 14th, 2023.

via Fiskerati|
#business#conference-call#financial-statements
businessfinance2 years ago

Roku Inc (ROKU) Surges on Impressive Q3 Revenue Growth

Roku Inc reported a 20% year-over-year increase in total net revenue, reaching $912 million in Q3 2023. The company's active accounts grew to 75.8 million, with a net increase of 2.3 million from the previous quarter. Streaming hours also increased by 4.9 billion hours year-over-year, reaching 26.7 billion in Q3 2023. Adjusted EBITDA was reported at $43 million.

via Yahoo Finance|
#active-accounts#businessfinance#q3-2023-earnings
finance2 years ago

Q3 2023 Earnings Snapshot: Enterprise Products Partners LP and PSEG Report Results

Enterprise Products Partners LP reported a decrease in net income to $1.3 billion for Q3 2023 compared to $1.4 billion in Q3 2022. However, the company saw a 5.3% increase in distributions declared for Q3 2023. Distributable Cash Flow (DCF) remained steady at $1.9 billion, and the company retained $773 million for reinvestment. Enterprise completed $2.7 billion of capital projects and announced $3.1 billion of new growth projects.

via Yahoo Finance|
#cash-flow#distributions#enterprise-products-partners-lp
business2 years ago

ON Semiconductor Corp (ON) Surpasses Q3 2023 Earnings Expectations

ON Semiconductor Corp reported Q3 2023 revenue of $2,180.8 million, slightly below Q3 2022's revenue. However, net income attributable to the company significantly increased. The company's Q4 2023 outlook projects revenue between $1,950 to $2,050 million. ON Semiconductor Corp focuses on automotive and industrial end-markets, driving innovations in areas such as vehicle electrification, sustainable energy grids, and 5G infrastructure.

via Yahoo Finance|
#business#net-income#on-semiconductor-corp
business2 years ago

Alphabet's Q3 Earnings: Cloud Revenue Misses Estimates, Stock Plummets

Alphabet Inc. (NASDAQ:GOOG) reported strong growth in Search and YouTube, as well as momentum in Google Cloud, for the third quarter of 2023. Sundar Pichai, CEO of Alphabet, highlighted the company's focus on making AI more helpful for users and the progress made in improving knowledge and learning through Generative AI capabilities in Search. Philipp Schindler, Chief Business Officer, discussed the opportunities for long-term growth in advertising, including the use of Google AI in retail and YouTube ads. Ruth Porat, CFO of Alphabet, reported consolidated revenues of $76.7 billion, up 11% year-over-year, driven by Search and YouTube. Google Cloud revenues were $8.4 billion, up 22% year-over-year.

via Yahoo Finance|
#alphabet-inc#business#google
finance2 years ago

Keysight Technologies (NYSE: KEYS) Faces Stock Decline Amid Disappointing Q3 Earnings and Q4 Outlook

Keysight Technologies, Inc. (NYSE:KEYS) reported solid Q3 2023 earnings, beating expectations with an EPS of $2.19 compared to the expected $2.04. While orders came in at the low end of expectations, the company saw positive customer R&D spending and stability in commercial communications. However, there was softness in the Electronic Industrial Solutions Group (EISG) and Asia due to manufacturing-related spending deferrals. Despite near-term challenges, Keysight remains confident in its diversified business, differentiated solutions, and durable operating model to capitalize on long-term growth trends. The company expects full-year EPS growth of 7% and 1% revenue growth.

via Yahoo Finance|
#finance#financial-performance#inc