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05.02.26 - 15:24
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Cummins Q4 Earnings Up; Guides FY26 (AFX)
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WASHINGTON (dpa-AFX) - Cummins Inc. (CMI), a power technology company, on Thursday reported its net income increased in the fourth quarter compared with the previous year. For the fourth quarter, ......
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05.02.26 - 15:21
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"Challenging External Environment": Volvo Crashes Most On Record After Earnings Miss (ZeroHedge)
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"Challenging External Environment": Volvo Crashes Most On Record After Earnings Miss
Shares in Volvo Cars crashed the most on record in Stockholm, with Bloomberg data going back to late 2021, after it reported fourth-quarter earnings that missed analyst expectations.
A toxic blend of higher US tariffs, cuts to EV subsidies, a stronger Swedish krona versus a weaker dollar, and an intensifying price war in China all squeezed fourth-quarter profitability, the Swedish-origin automaker detailed in its earnings release.
It reported an Ebit margin of just 2% and an operating income that came in well below Bloomberg Consensus estimates.
Here's a snapshot of fourth quarter estimates (courtesy of Bloomberg):
Revenue SEK94.38 billion, estimate SEK101.83 billion (Bloomberg Consensus)
Operating income SEK1.89 billion, estimate SEK4.6 billion
Ebit margin 2%, estimate 4.56%
EPS SEK0.43, estimate SEK1.24
Sales volume 195,700, estimate 196,850
Europe retail sales volume 90,000 units,...
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05.02.26 - 15:06
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Sirius XM Holdings Profit Retreats In Q4 (AFX)
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WASHINGTON (dpa-AFX) - Sirius XM Holdings Inc. (SIRI) Thursday revealed earnings for fourth quarter that Dropped, from the same period last year and projected guidance for the full year. Shares ar......
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05.02.26 - 15:06
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Italy Retail Sales Fall 0.8% In December (AFX)
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ROME (dpa-AFX) - Italy's retail sales decreased for the first time in three months in December, the statistical office ISTAT reported Thursday.The sales value declined unexpectedly by 0.8 percent ......
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