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On Thursday, Amazon.com Inc (NASDAQ: AMZN) topped analyst estimates with its quarterly results thanks to a record holiday season. After earnings rebounded, Amazon also guided for accelerating cloud growth. Fourth Quarter Had A Record-Breaking Holiday Season For the quarter that ended on December 31st, the Seattle-based company reported its pre-tax earnings rebounded from 2022’s comparable quarter ($2.7 billion) to $13.2 billion, topping analyst estimates of $10.4 billion. Revenue also increased ....
On Tuesday, Nio Inc (NYSE: NIO) reported a narrower-than-expected third quarter loss. Like other automakers in China, Nio was pressured to slash prices, thinning its margins, in response to the price war that Tesla Inc (NASDAQ: TSLA) ignited at the beginning of the year. Nio’s Third Quarter Highlights Nio reported revenue below estimates of 19.4 billion yuan as sales amounted to 19.1 billion Chinese yuan which is about $2.7 billion. On the bright side, revenue rose 47% YoY. Unfortunately, Nio st ....
With quarterly earnings reports from Target (NYSE: TGT), as well as Home Depot (NYSE: HD), Walmart (NYSE: WMT), Macy's (NYSE: M), TJX Companies (NYSE: TJX), this week will bring valuable insights on consumers’ purchasing power and behavior. Target opened the retail earnings week by delivering an unexpected third quarter earnings beat despite declining sales. Its shares rose 15% upon the report during early trading. Target Blew Past Both Top And Bottom-Line Expectations As It Delivered A Big Earn ....