In a remarkable display of resilience, Huawei reported a surge in its 2024 revenue, reaching a staggering 862.1 billion Chinese yuan (approximately $118.2 billion). This marks a notable 22.4% increase from the previous year, positioning the company just shy of its 2020 record of 891.4 billion yuan. Nevertheless, the telecommunications giant confronted a stark contrast
Earnings
Lululemon has become a mainstay in the world of athleisure, consistently delivering impressive financial results that resonate with both investors and consumers. In its recently reported fiscal fourth quarter, the company outperformed Wall Street expectations with earnings per share hitting $6.14, surpassing the anticipated $5.85. Revenue also impressed, totaling $3.61 billion against an expectation of
BMW has faced a significant downturn in profits, reporting a staggering 36.9% drop in net earnings for 2024, amounting to 7.68 billion euros ($8.32 billion). This decline points to persistent challenges in the Chinese automotive market, which has been dubbed the crown jewel of the global car industry. BMW’s inability to fully capitalize on this
Darden Restaurants recently released its fiscal third-quarter results, and the numbers are raising eyebrows. The company reported earnings per share (EPS) of $2.80, marginally surpassing Wall Street’s expectations of $2.79. However, the disappointment lies primarily in its revenue, which came in at $3.16 billion, falling short of the anticipated $3.21 billion. These figures exemplify a
In the recent financial quarter, Tencent’s performance eclipsed expectations, signifying a robust rebound in both its gaming and advertising sectors. The reported revenue of 172.4 billion Chinese yuan ($23.9 billion), surpassing analysts’ estimates of 168.9 billion yuan, reflects a noteworthy year-on-year revenue growth of 11%. However, what is particularly striking is the staggering 90% increase
Contemporary Amperex Technology Co., Limited (CATL), the globe’s leading battery manufacturer, announced a striking 9.7% decline in annual revenue, marking its first downturn since its inception in 2015. The company’s revenue for the year ending December fell short of estimates, coming in at 362 billion yuan ($50.01 billion) against expectations of 368.7 billion yuan. This
DocuSign’s remarkable leap of over 14% following its recent earnings report signals a potential turnaround for a company that faced significant challenges in the past few years. Under the leadership of CEO Allan Thygesen, who has a background at Google, the firm appears to have regained its footing in a landscape marred by economic uncertainty
In a climate where American consumers are feeling the pinch of inflation, Dollar General is navigating tumultuous waters. The dollar store giant reported its fiscal fourth-quarter earnings, showcasing a revenue figure that marginally exceeded Wall Street’s expectations. However, the silver lining is overshadowed by a significant decline in profits due to a deep-seated review of
Rheinmetall, a titan in the European arms industry, has recently indicated a compelling sales forecast for 2025, projecting a remarkable growth range of 25-30%. This surge is not merely wishful thinking; it’s grounded in the company’s solid foundations and the current geopolitical climate, especially the ramifications of Russia’s aggression towards Ukraine. The reported 36% rise
When Kohl’s released its fourth-quarter earnings report, market expectations were pleasantly floored—earnings, after adjusting for various factors, topped estimates at 95 cents per share. Revenue also beat projections by hitting $5.18 billion, slightly above the expected $5.15 billion. Despite these seemingly positive results, the company’s guidance for 2025 sent shockwaves through the market, leading to
Volkswagen’s recent announcement of a 15% decline in annual operating profit has sent shockwaves across the automotive industry, signaling a pivotal moment for the giant. While the company reported a modest revenue increase from 322.3 billion euros to 324.7 billion euros in 2024, these figures mask deeper structural issues facing the automotive leader. The decline