News: Stocks
Tesla Faces Setback with Lower Deliveries in Q1 2024, Stock Declines
Tesla Faces Setback with Lower Deliveries in Q1 2024, Stock Declines

AUSTIN, Texas - April 2, 2024 - Tesla Inc. has released its production and delivery figures for the first quarter of 2024, revealing mixed results. The electric vehicle (EV) manufacturer reported producing over 433,000 vehicles while delivering approximately 387,000, trailing last year's Q1 performance of 422,875 vehicles. The company has also achieved a new high in energy storage deployment, reaching 4,053 MWh in Q1 — the highest quarterly deployment to date.

Alibaba's Share Repurchase Program - A Strategic Financial Move
Alibaba's Share Repurchase Program - A Strategic Financial Move

Alibaba Group Holding Limited, listed on both the New York Stock Exchange (BABA) and the Hong Kong Stock Exchange (9988), has recently made a significant move in the stock market by repurchasing its shares. In the first quarter of 2024, Alibaba bought back 524 million of its ordinary shares, which is the equivalent of 65 million American Depositary Shares (ADS), at a staggering cost of $4.8 billion. The repurchase took place across the U.S. and Hong Kong markets as part of its ongoing share buyback program.

AliExpress Secures Exclusive Partnership with UEFA EURO 2024
AliExpress Secures Exclusive Partnership with UEFA EURO 2024

In a groundbreaking move, AliExpress has been announced as the first exclusive e-commerce partner for the UEFA European Football Championship 2024. This collaboration is set to bring a new level of excitement and engagement to fans of the beautiful game across the globe.

PVH Corp Surpasses 2023 Targets, Sets Conservative 2024 Outlook Amid Stock Decline
PVH Corp Surpasses 2023 Targets, Sets Conservative 2024 Outlook Amid Stock Decline

NEW YORK, April 1, 2024—PVH Corp. (NYSE: PVH), the parent company of iconic brands Calvin Klein and Tommy Hilfiger, today released its financial results for the fourth quarter and full fiscal year of 2023, outperforming its financial guidance amidst challenging market conditions. Despite the positive performance, the company's shares fell by 22.5% in after-market trading, reflecting investor concerns over the conservative outlook for 2024.

H.B. Fuller Kicks Off Fiscal Year 2024 with Strong First Quarter Results
H.B. Fuller Kicks Off Fiscal Year 2024 with Strong First Quarter Results

ST. PAUL, Minn., March 27, 2024 – H.B. Fuller Company (NYSE: FUL), a global leader in adhesives, sealants, and other specialty chemical products, today announced its first-quarter financial results for the fiscal year 2024, ending March 2, 2024. The company reported a commendable start to the year, with financial indicators showing significant improvement and strategic achievements highlighting operational excellence.

Jefferies Financial Group Reports Strong First Quarter 2024 Results
Jefferies Financial Group Reports Strong First Quarter 2024 Results

NEW YORK, March 27, 2024 — Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company, today announced its financial results for the first quarter of fiscal year 2024, highlighting notable growth in revenue and earnings.

Braze Charts Impressive Growth in Fiscal Year and Fourth Quarter 2024
Braze Charts Impressive Growth in Fiscal Year and Fourth Quarter 2024

NEW YORK, March 27, 2024 — Braze (Nasdaq: BRZE), a leader in the customer engagement platform space, has announced its financial results for the fiscal year and fourth quarter ended January 31, 2024, showcasing significant year-over-year growth and setting positive expectations for the coming fiscal year.

Carnival Corporation & PLC Surpasses Expectations with Record First Quarter Revenues and Booking Levels
Carnival Corporation & PLC Surpasses Expectations with Record First Quarter Revenues and Booking Levels

MIAMI, March 27, 2024 - Carnival Corporation & PLC (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, today reported outstanding financial results for the first quarter of 2024. Demonstrating a remarkable recovery and growth trajectory, the company announced record first-quarter revenues of $5.4 billion, an unprecedented surge in net yields and net per diems in constant currency, and the highest booking volumes in its history.

Visa and Mastercard Reach Historic Settlements to Reduce Interchange Rates
Visa and Mastercard Reach Historic Settlements to Reduce Interchange Rates

In significant developments for U.S. merchants and consumers, Visa and Mastercard have separately agreed to landmark legal settlements that promise to reshape the landscape of credit card interchange fees. These agreements come as a result of nearly two decades of litigation and negotiations, offering both immediate and long-term benefits for small businesses and the wider economy.

Progress Reports Strong Start to Fiscal Year 2024 With Q1 Financial Results Exceeding Estimates
Progress Reports Strong Start to Fiscal Year 2024 With Q1 Financial Results Exceeding Estimates

March 26, 2024, BURLINGTON, Mass. — Progress (Nasdaq: PRGS), a globally recognized provider of infrastructure software, has kicked off the fiscal year 2024 with financial figures that not only underscore the company's robust growth trajectory but also exceed prior estimates. The first quarter of the fiscal year, ending February 29, 2024, saw notable increases in revenue and operational efficiencies, positioning Progress well for the forthcoming quarters.

nCino Celebrates Fiscal Year 2024 Success and Outlines Future Growth Strategies
nCino Celebrates Fiscal Year 2024 Success and Outlines Future Growth Strategies

March 26, 2024, WILMINGTON, N.C. — nCino, Inc. (NASDAQ: NCNO), the cloud banking leader for the global financial services industry, proudly announced its financial achievements for both the fourth quarter and the entire fiscal year 2024, ending January 31, 2024. With notable revenue growth and significant advancements in subscription services, nCino is setting the stage for continued success and innovation in the banking technology sector.

Concentrix Announces First Quarter 2024 Financial Results and Confirms Full-Year Outlook
Concentrix Announces First Quarter 2024 Financial Results and Confirms Full-Year Outlook

March 26, 2024, NEWARK, Calif. — Concentrix Corporation (NASDAQ: CNXC), a leading global provider of customer experience solutions and technology, today disclosed its financial performance for the first quarter of the fiscal year 2024, ending February 29, 2024. The company has highlighted significant growth in revenue, alongside operational achievements and future financial commitments, including a substantial share repurchase program.

GameStop Faces Earnings Miss and After-Hours Sell-Off
GameStop Faces Earnings Miss and After-Hours Sell-Off

In a surprising turn of events, GameStop Corp. (NYSE: GME) disclosed its earnings for the fourth quarter of Fiscal Year 2023, revealing numbers that fell short of analysts' expectations. The well-known video game and electronics retailer saw its shares take a hit in after-hours trading following the announcement, signaling investor concerns over the company's current performance and future outlook.

TD SYNNEX Surpasses Q1 Earnings Expectations, Announces $2 Billion Share Repurchase
TD SYNNEX Surpasses Q1 Earnings Expectations, Announces $2 Billion Share Repurchase

In a notable financial update from Fremont, California, TD SYNNEX Corporation (NYSE: SNX) has reported its fiscal first-quarter results for 2024, showcasing a performance that not only surpassed Wall Street expectations but also signaled a strong outlook for the upcoming quarter. With a net income of $172.1 million and a significant profit per share, the company has positioned itself as a resilient force in the high-tech contracting sector.

McCormick's Strong Q1 Performance: A Bright Outlook for 2024
McCormick's Strong Q1 Performance: A Bright Outlook for 2024

McCormick & Company, Incorporated, a global leader in the flavor sector, has recently unveiled its financial achievements for the first quarter of 2024, ending on February 29. Demonstrating a robust start to the year, the company has reported a 3% increase in sales compared to the same period last year, with operating income soaring to $234 million from $199 million. Adjusted for certain items, the operating income stood even higher at $238 million, marking a 5% year-over-year growth.

Alibaba Group Amplifies Strategic Focus with Cainiao Investment
Alibaba Group Amplifies Strategic Focus with Cainiao Investment

In a significant move to strengthen its e-commerce ecosystem, Alibaba Group announced its intention to invest up to $3.75 billion to acquire all outstanding shares of Cainiao Smart Logistics Network Limited. This decision comes alongside the withdrawal of Cainiao's IPO and listing application, signaling a deepened integration between Alibaba's e-commerce operations and Cainiao's logistical services.

 GreenTree Hospitality Group Surpasses Expectations with Strong Q4 and 2023 Year-End Financials
GreenTree Hospitality Group Surpasses Expectations with Strong Q4 and 2023 Year-End Financials

GreenTree Hospitality Group Ltd., a renowned hospitality and restaurant management group in China, released its unaudited financial results for the fourth quarter and the fiscal year ending December 31, 2023. Here are the factual highlights from their announcement:

TMC Unveils Fourth Quarter and Full-Year 2023 Results: Pioneering Sustainable Battery Metals Exploration
TMC Unveils Fourth Quarter and Full-Year 2023 Results: Pioneering Sustainable Battery Metals Exploration

On March 25, 2024, The Metals Company Inc. (Nasdaq: TMC) ("TMC"), a trailblazer in the exploration of eco-friendly battery metals from seafloor polymetallic nodules, shared a comprehensive update alongside its financial outcomes for the fourth quarter and the entirety of 2023. This period marked significant strides in operational advancements and financial management aimed at bolstering the company's pioneering position in sustainable metal exploration.

Dada Nexus Limited Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
Dada Nexus Limited Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

SHANGHAI, China, March 25, 2024 – Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), a leader in China's local on-demand retail and delivery sector, has revealed its unaudited financial figures for the fourth quarter and the fiscal year ending December 31, 2023.

China Introduces Guidelines to Block Intel and AMD Chips in Government Use
China Introduces Guidelines to Block Intel and AMD Chips in Government Use

China has taken a significant step in reducing its reliance on foreign technology by introducing new guidelines that phase out U.S. microprocessors, specifically those from Intel and Advanced Micro Devices (AMD), in government personal computers and servers. This move, as reported by the Financial Times, marks a considerable shift towards domestic alternatives and is part of a broader effort to bolster the Chinese semiconductor industry.