Earnings News Updates

Business, Technology, Equipment

Nikola Posts Earnings Beat, Skips Electric Truck Update

Nikola Corp. posted quarterly sales above expectations as production of its battery-electric trucks ramped up, but didn’t provide updated guidance on its previous goal of delivering at least 300 trucks this year.

November 3, 2022
Business, Technology, Global Freight

CSX Q3 Profit Up 15% as Railroad Hauls 2% More Freight

CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months.

October 21, 2022
Business, Technology

Tesla Sales Rise, but Revenue Still Lower Than Expected

Tesla Inc. shares declined in early trading after the electric car maker reported lower-than-expected revenue and acknowledged it isn’t immune from economic headwinds.

October 20, 2022
Business, Private

PepsiCo Lifts Outlook as Drink, Snack Sales Buck Inflation

PepsiCo Inc. said its playbook for battling inflation is still working, with price hikes fueling double-digit gains in sales despite lower volumes of snack purchases.

October 12, 2022
Business, Fuel

Rivian Cuts Annual Earnings Forecast on Inflation, Supply Woes

Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply chain snags, high costs and economic volatility.

August 11, 2022
Business, Logistics, Private

Amazon Reports Strong Sales That Ease Fears of Slowdown

Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.

July 28, 2022
Business, Technology, Fuel, Autonomous

Tesla’s Musk Signals Optimism on End to ‘Supply Chain Hell’

Tesla Inc. reported second-quarter earnings that beat Wall Street estimates, reflecting the company’s progress in getting production back on track while tackling supply chain hurdles and COVID lockdowns at its factory in China.

July 21, 2022
Business, For-Hire

FedEx Reports Quarterly, Annual Revenue Growth

FedEx Corp. reported strong fourth-quarter and full-year earnings on June 23 that were close to meeting Wall Street expectations.

June 23, 2022
Business, Fuel

Rivian Says Production Increased, Keeps Sales Target at 25,000

Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.

May 11, 2022
Business, Logistics, Private

Amazon Falls, Projects Slower Growth as Online Sales Stall

Amazon .com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.

April 28, 2022