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Tag: Third Quarter Results

Tesla reports profit growth due to higher sales and lower costs

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Tesla reports profit growth due to higher sales and lower costs

Tesla beat analysts' expectations with its third-quarter results, improving investor sentiment that has lagged since the disappointing launch of the company's robotaxi prototype earlier this month. Tesla reported net income of $2.2 billion in the quarter ended Sept. 30, up 17% from the same quarter last year. Operating income rose 54% to $2.7 billion, with […]

Netflix's earnings and subscriber growth are top estimates as investors eye potential price increases

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Netflix's earnings and subscriber growth are top estimates as investors eye potential price increases

Netflix (NFLX) reported third-quarter results on Thursday, sending shares up 4% in after-hours trading after the streaming giant beat profit and revenue estimates, while its revenue outlook also beat Wall Street's expectations for the current quarter. Revenue beat Bloomberg consensus estimates of $9.78 billion and reached $9.83 billion in the third quarter, up 15% from […]

Chip stocks rally as TSMC forecasts strong AI demand for “many years.”

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Chip stocks rally as TSMC forecasts strong AI demand for “many years.”

Optimism about AI demand in Taiwan Semiconductor Manufacturing Company's (TSM) stunning third-quarter earnings boosted chip stocks on Thursday. TSMC reported quarterly profit of 325.3 billion new Taiwan dollars ($10.1 billion), up 54% from a year earlier, beating Wall Street forecasts. The company also raised its full-year sales forecast: Sales rose 29% in 2024 compared to […]