Zoetis CEO Kristin Peck joined ‘Money Movers’ to delve into the company’s recent quarterly earnings results. She highlighted the key factors driving Zoetis’ growth and explained what sets the company apart from its competitors.
Results for: Quarterly Earnings
SoFi CEO Anthony Noto joins ‘Squawk on the Street’ to discuss the company’s recent quarterly earnings results and the subsequent stock reaction. He also provides insights on credit quality, SoFi’s growth strategy, and the competitive landscape in the financial services industry.
Hyundai Motor Co. has warned of heightened competition and uncertain global economic conditions after reporting a 2.4% decline in quarterly profit. The South Korean automaker’s cautious outlook and weak performance contrast with the bullish forecasts from its U.S. rivals, General Motors and Ford Motor Co., who reported strong profit growth this week. Hyundai is facing headwinds from shrinking exposure to China and faltering demand in South Korea. The company expects challenging business conditions to continue and plans to expand its electrified model lineups globally. Hyundai’s net profit fell to 3.2 trillion won ($2.32 billion) for January-March, down from 3.3 trillion won a year earlier but ahead of analysts’ average forecast.
Axis Bank, LTIMindtree, Kotak Mahindra Bank, Nestle India, IndusInd Bank, Zee Entertainment, Delhivery, AU Small Finance Bank, Dalmia Bharat, RailTel, V-Guard Industries, PVR INOX, STL, Motherson Sumi, and Motilal Oswal AMC released their quarterly earnings reports this week. Industry news includes updates on the Lodha Group, CPPIB’s stake in Delhivery, and the upcoming launch of ad-free movies by PVR INOX.
Meta Platforms, the parent company of Facebook, reported strong quarterly financials for the first quarter of 2023. Revenue and earnings per share exceeded Wall Street expectations, but the company’s higher expenses and lower-than-anticipated revenue guidance for the current quarter led to a 10% decline in its stock price in after-hours trading. The company’s daily active people (DAP) across its family of apps, including Facebook, Instagram, and WhatsApp, increased by 7% to 3.24 billion. Meta’s revenue rose 27% to $36.46 billion for the quarter, while net income reached $12.4 billion, a significant increase from the previous year’s $5.7 billion.
CME Group Chairman and CEO Terry Duffy discusses the company’s impressive quarterly earnings results and provides his perspective on whether the growth momentum can be sustained amidst macroeconomic challenges.
Barton Crockett, senior analyst at Rosenblatt Securities, provided insights on Meta’s upcoming quarterly earnings results, offering expert analysis on what to expect from the tech giant.
CNBC’s Phil LeBeau provided in-depth analysis of Boeing’s financial performance during an interview on ‘Squawk Box’. He highlighted key metrics from the company’s quarterly earnings report, discussing revenue, profit margins, and other financial indicators. LeBeau’s insights offered a comprehensive understanding of Boeing’s financial health and its position within the aerospace industry.
Thermo Fisher Scientific Inc. (TMO) reported better-than-expected quarterly results and raised its annual profit guidance, citing increasing demand for its products and services in drug development and clinical trials. The company’s laboratory products segment, which contributes over half of its total revenue, saw revenue exceed analysts’ expectations.
Tesla’s profits have dropped significantly in the first quarter of 2023, due to increased competition and slowing demand for electric vehicles. Amidst these challenges, the company has announced plans to accelerate the production of new, more affordable models. Despite the decline in profits, Tesla’s stock price surged in after-hours trading on Tuesday.