Beats
TSMC’s Q1 revenue rise beats market expectations on AI boom
TAIWAN chipmaker TSMC reported a 16.5 per cent rise in first-quarter revenue on Wednesday (Apr 10) beating market expectations and at the high end of the company’s own guidance...
EV maker Lucid beats Q1 delivery estimates
LUCID reported first-quarter deliveries above market expectations on Tuesday (Apr 9) as price cuts helped boost demand for its luxury electric sedans.The company handed over 1,967 vehicles in the...
Dollar jumps as soaring US job growth beats expectations
THE dollar strengthened on Friday (Apr 5) after data showed US employers hired far more workers than expected in March, potentially delaying anticipated interest rate cuts from the Federal...
Rivian beats EV production estimates with shipments rebounding
RIVIAN Automotive built and delivered more electric vehicles (EVs) last quarter than Wall Street expected, though it stood by its 2024 output target of about 57,000 units. The results...
Toyota’s Sato beats previous CEOs with first-year stock gains
TOYOTA Motor is seeing its best performance ever in the first year under a new chief executive, since Koji Sato took the reins last April.Shares of the world’s largest...
H&M beats earnings expectations as new CEO plots turnaround
H&M, the world’s second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday (Mar 27) helped by a smaller-than-expected fall in sales.
The Swedish group posted an operating profit...
Meituan’s revenue beats estimates after staving off ByteDance
MEITUAN’S quarterly revenue climbed 23 per cent, a sign that it’s making headway in efforts to fend off a challenge from ByteDance’s Douyin in China’s meal delivery arena. The...