Apple Reports Record iPhone and Services Revenue Amid Mixed Sales Outlook
Apple reported a record September quarter with strong iPhone and services revenue, beating estimates and guiding higher for the current quarter, leading to a stock increase.
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Tesla's Profits Drop Despite Record Sales and Revenue
Tesla achieved record vehicle deliveries and revenue in Q3 2025, but net income fell 37% due to lower EV prices, higher R&D spending, and tariffs. CEO Elon Musk announced plans to deploy fully driverless robotaxis in multiple states by year's end and revealed the manufacturing of Tesla's AI5 chip in Texas and Arizona, aiming to supplement its vehicle and robot production.
Citigroup Posts Record Q3 Revenue and Profit Growth
Citigroup reported a strong third quarter with record revenues across all divisions, a 15% increase in net income to $3.8 billion, and shares rising 1% premarket, driven by investments in digital assets and AI, with the bank outperforming the S&P 500 this year.
Planet Labs Stock Surges Over 50% on Record Q1 Revenue and Earnings Beat
Planet Labs' shares surged over 50% after reporting its first profitable quarter with record revenue of $66.3 million, exceeding estimates and demonstrating strong growth driven by demand for satellite imagery and AI-enabled solutions.
"American Airlines Achieves Record Revenue, Profit, and Debt Reduction in 2024"
American Airlines Group Inc. reported record revenue of $53 billion for 2023, with a GAAP net income of $822 million and a significant debt reduction of $3.2 billion, reaching over 75% of its 2025 debt reduction goal. The company's operational reliability and financial prudence contributed to its strong performance, despite industry challenges. With a focus on delivering a reliable operation for customers and reengineering the business for efficiency, American Airlines remains well-positioned for the future, as evidenced by its projected adjusted earnings per diluted share for 2024.
Live Nation Achieves Record-Breaking Q3 Revenue and Attendance
Live Nation, the live entertainment company, has reported record-breaking revenue and attendance in Q3 of 2023, with revenue up 32% to $8.2 billion and ticket sales up 17% year-over-year. The company has sold 140 million tickets so far this year and is projected to manage over 600 million tickets by the end of the year. Live Nation attributes its success to the globalization of its business and a shift in consumer spending habits towards experiences. The company expects continued growth in the live entertainment industry in 2024 and beyond.
"Nvidia's Sales Skyrocket and Stock Soars on Record Earnings and AI Chip Success"
Nvidia, the artificial intelligence chip giant, has reported record sales of over $13.5 billion for the three months ending in June, more than doubling its revenue. The company expects sales to continue soaring in the current quarter and plans to buy back $25 billion of its stock. The strong performance was driven by Nvidia's data center business, with revenue surpassing $10.3 billion, a rise of over 170% from the previous year, as demand for its AI chips surged. Nvidia's shares rose by over 6.5% in extended trading, and the company expects revenue of around $16 billion for the three months ending in September.
Kirkland & Ellis Reports Record Revenue Despite Layoffs.
Kirkland & Ellis has reported a record financial year, with gross revenue increasing by 7.8% to over $6.5bn, and head count rising by 12.9% to 3,415 full-time equivalent lawyers. However, the firm has conducted "not layoffs" for the second time in six months, leading to accusations of reckless overhiring.