The Model 3, which had been its top pick among EV models, lost that distinction to the Ford Mustang Mach-E. The Model 3 now has the third best ranking among EVs, behind the Mach-E and the Kia Niro. Tesla plunged seven spots to No. 23 in the overall ranking of […]
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Tesla reports record profit, but warns of continued supply chain issues
The company had adjusted earnings of $2.9 billion, up sharply from $903 million a year earlier and well above $2.6 billion forecast by analysts surveyed by Refinitiv. Revenue of $17.7 billion was up 65% from a year earlier. The results took full year earnings to $7.6 billion, and revenue to […]
Evergrande debt crisis: Chairman has sold $1.1 billion worth of his personal assets to prop up the company, Chinese state media reports
Xu has sold several houses in Hong Kong, Guangzhou and Shenzhen, as well as some private jets, the state-owned China Business News reported Tuesday, citing anonymous sources close to the matter. The cash, which Xu has been pumping into Evergrande since the beginning of July, has been used to “maintain […]
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Mortgage rates are no longer at document lows, but it’s still an excellent time to purchase a home. Borrowers can use the temporary pupil mortgage repayment charges to power their monetary well being. Here are four methods to use these funds to increase your savings or pay down debt. You […]
Sohu.com Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
BEIJING, Feb. 4, 2021 /PRNewswire/ — Sohu.com Limited (NASDAQ: SOHU), China’s leading online media, video, search and gaming business group, today reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. In view of the previously-announced Share Purchase Agreement between subsidiaries of Tencent Holdings Limited (“Tencent“) […]
Regeneron Reports Fourth Quarter and Full Year 2020 Financial and Operating Results
TARRYTOWN, N.Y., Feb. 5, 2021 /PRNewswire/ — Fourth quarter 2020 revenues increased 30% to $2.42 billion versus fourth quarter 2019(4) Fourth quarter 2020 EYLEA® U.S. net sales increased 10% to $1.34 billion versus fourth quarter 2019 and full year 2020 EYLEA U.S. net sales increased 7% versus 2019 Fourth quarter 2020 […]
Adient reports strong first quarter 2021 financial results
PLYMOUTH, Mich., Feb. 5, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced first quarter 2021 financial results. Q1 GAAP net income and EPS diluted of $150M and $1.58 respectively; Q1 Adj.-EPS diluted of $1.71 Q1 Adj.-EBITDA of $378M, up $81M y-o-y; Q1 Adj. EBITDA […]
PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2020 Results and Increases Quarterly Dividend
WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $452.8 million for the fourth quarter of 2020, or $5.97 per share on a diluted basis, on revenue of $1.0 billion. Book value per share increased to $47.80 from $41.67 at September 30, 2020. PFSI’s Board […]
FireEye Reports Financial Results for Fourth Quarter and Full Year 2020
MILPITAS, Calif.–(BUSINESS WIRE)–Feb 2, 2021– FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced financial results for the fourth quarter and full year ended December 31, 2020. “Our record fourth quarter and 2020 results demonstrated that we are gaining momentum in our Platform, Cloud Subscription, Managed Services and Professional […]