Ford Motor Co (NYSE:F): The company plans to invest $3.5 billion in a battery plant in Marshall, Michigan, USA. The company has the option to expand the capacity of the battery plant. Initially scheduled to start production in 2026, the plant will employ 2,500 people.
Boeing President Salil Gupte said on Monday that the company plans to invest about $24 million to build a commercial aircraft logistics center in India to speed up the supply of spare parts to domestic airlines. Salil Gupte said the center will increase aircraft availability and reduce flight cancellations or groundings due to maintenance issues, as airlines will be able to get parts faster.
Boeing: Establishment of new logistics center to accelerate parts supply to Air India Read Post »
CME Group Inc.(NASDAQ:CME) reported Q4 adjusted earnings of $1.92 per diluted share. Analysts polled by Capital IQ expected $1.88. Revenue for the quarter ended Dec. 31 was $1.21 billion. Analysts surveyed by Capital IQ expected $1.21 billion. The company said it declared a Q1 dividend of $1.10 per share, a 10% increase from the prior level of $1 per share.
CME Group Inc.(NASDAQ:CME)’s Q4 2022 Adjusted Earnings, Revenue Rise Read Post »
CME Group Inc.(NASDAQ:CME)Target Raised to $207.00/Share From $198.00 by Credit Suisse。
CME Group Inc.(NASDAQ:CME)Target Raised to $207.00/Share From $198.00 by Credit Suisse Read Post »
Honda Motor (NYSE:HMC) came after the Japanese automaker reported fiscal year net sales guidance that beat analysts’ average expectations, with the company expecting fiscal year net sales of 17.25 trillion yen and the market expecting 17.07 trillion yen. In addition, Honda will buy back up to 1.5% of its shares.
Micron Technology (NASDAQ:MU) said its board committee approved a reduction in the annual base salary of some executives in fiscal year 2023 and the suspension of bonuses for all executives. The pay cut will expose CEO Sanjay Mehrotra to a 20 percent pay cut, with a 15 percent cut for the executive vice president and a 10 percent cut for the senior vice president.
ON Semiconductor has completed the acquisition of Globalfoundries Inc.’s 300mm East Fishkill New York plant and manufacturing facility. The transaction adds more than 1,000 world-class technicians and engineers to ON Semiconductor and is part of the company’s fab restructuring around the world.
Tesla’s US official website shows that the price of the Model Y high-performance version has been raised by $500 to $58,490, and the price of the long-life version has not changed. Earlier this month, the Model Y long-range version was raised by $1,500 to $54,990 in the United States, and the high-performance version was raised by $1,000 to $57,990.
Tesla raised the price of the Model Y performance version by another $500 to $58,490 Read Post »
February 8, 2023 – CME Group Inc. (NASDAQ: CME) today reported financial results for the fourth quarter and full year of 2022. Q4 adjusted earnings of $1.92 per diluted share, Analysts polled by Capital IQ expected $1.88. Revenue for the quarter ended Dec. 31 was $1.21 billion, Analysts surveyed by Capital IQ expected $1.21 billion. The company reported revenue of $1.2 billion and operating income of $668 million for the fourth quarter of 2022. Net income was $638 million and diluted earnings per common share were $1.75. On an adjusted basis, net income was $698 million and diluted earnings per common share were $1.92. Total revenue for full-year 2022 was $5.0 billion and operating income was $3.0 billion. Net income was $2.7 billion and diluted earnings per common share were $7.40. On an adjusted basis, net income was $2.9 billion, and diluted earnings per common share were $7.97. Fourth-quarter 2022
CME Group Inc. (NASDAQ:CME) revenue grew 5.2% YoY to $1.2 billion in Q4 2022 Read Post »
Deutsche Bank analyst Bryan Keane lowered its price target on Affirm Holdings (Nasdaq:AFRM) to $12 from $18 and maintained its hold rating on the stock. The analyst noted that the company reported lower-than-expected revenue growth and was at the bottom end of the guidance due to lower than guidance on total merchandise transactions and revenue net of transaction costs. He added that Affirm has now expressed willingness to compromise on gross merchandise volume growth to guarantee credit quality.
D.A. Davidson analyst Christopher Brendler lowered Affirm Holdings(Nasdaq:AFRM) price target to $20 from $24, but maintained a buy rating on the stock. The analyst told investors in a research note that the company’s second-quarter results were disappointing overall, but remained bullish on Affirm’s pricing moves to improve its top-line trend in the second half of the year. He further noted that the improvement in credit quality is “a big plus to secure funding,” while predicting that the company will be a “long-term winner” in the pay-as-you-go space.
Morgan Stanley Downgraded Affirm Holdings(Nasdaq:AFRM) From Overweight to Equal-Weight and Lowered Its Price Target From $46 to $15.
Morgan Stanley:Lowered Affirm Holdings(Nasdaq:AFRM) Price Target From $46 to $15 Read Post »