Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger
Ouster is on track to realize the benefits of its merger with Velodyne, completed in February. But its pre-merger Q4 results fell short of expectations.
Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.
Olive Garden parent raises revenue outlook as same-store sales jump
Darden's same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.
Tencent’s online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.
Satellite maker Terran Orbital sees annual revenue climb near $100 million
Terran Orbital reported fourth-quarter results on Tuesday, posting annual revenue that more than doubled while the company continued to build its order backlog.
Geely shares jump after automaker beats revenue expectations for 2022
For 2023, Geely set a sales target of 1.65 million units and said it aims to double the share of new energy and electrified vehicle...
GameStop stock soars after retailer posts first quarterly profit in two years
GameStop has been in the midst of a turnaround and posted its first quarterly profit for the first time in two years.
Nike stock rises after third quarter beats Wall Street expectations
Investors have been watching to see if Nike's gross margins improve from its direct-to-consumer channels.
FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit
FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.