Estimates
JPMorgan profit beats estimates even as interest income misses predictions
JPMORGAN Chase’s profit beat estimates in the first quarter, but shares dropped after the bank’s forecast for income from interest payments fell short of analysts’ expectations.
High borrowing costs have...
China ramps up yuan support as fixing tops estimates by record
CHINA signalled continued support for its currency as broad strength in the US dollar kept the yuan close to a policy no-go area. The People’s Bank of China set its...
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...
US: Wall St falls at open as private payrolls beat estimates
WALL Street’s main indexes opened lower on Wednesday (Apr 3), as strong private payrolls data fanned fears of fewer-than-expected interest rate cuts by the Federal Reserve this year.The Dow...
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...
Tesla sales fall short of estimates in first drop since 2020
TESLA suffered its first year-over-year sales drop since the early days of the Covid pandemic.The electric carmaker handed more than 386,810 vehicles in the first three months of 2024,...
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...
Low-cost e-commerce giant PDD Holdings beats quarterly revenue estimates
LOW-cost e-commerce giant PDD Holdings beat Wall Street estimates for fourth-quarter revenue on Wednesday (Mar 20), driven by robust user growth and sales on its global platform Temu. US-listed...
