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Boeing"s Sales Climb on Air-Travel Demand

Boeing expects sales to rise as much as 10% this year as the aerospace giant ramps up production to meet global demand for air travel. The company said fourth-quarter profit rose 3% to $3.4 billion......»»

Category: smallbizSource: wsjJan 31st, 2019

Tesla sees profit in every quarter of 2019

Tesla Inc said on Wednesday it was optimistic it could make a first quarter profit and expected to generate a profit and positive free cash flow consistently beyond the first quarter as it ramps up production of its Model 3 sedan......»»

Category: topSource: reutersJan 30th, 2019

Apple"s Revenue and Profit Drop: "The iPhone Has Matured"

Apple Inc. posted a quarterly decline in both revenue and profit, the first time in more than a decade for the December quarter, underlining its need to reignite slowing iPhone sales and get more growth from services......»»

Category: asiaSource: wsjJan 30th, 2019

Cowan: iPhone production down 21% in March quarter

And down another 20% year over year in June......»»

Category: blogSource: 247wallstJan 24th, 2019

Tesla to cut workforce by 7 percent, sees small fourth-quarter profit

Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent......»»

Category: topSource: reutersJan 18th, 2019

Tesla to cut workforce by 7 percent, sees smaller fourth-quarter profit

Tesla Inc said it would cut thousands of jobs to rein in costs as it ramps up production of its crucial Model 3 sedan, and the electric car maker expects fourth-quarter profit to be lower than the previous quarter, sending its shares down 7 percent......»»

Category: topSource: reutersJan 18th, 2019

Sherwin-Williams Tumbles on Lower-Than-Expected Profit View

Sherwin-Williams (SHW) attributed lower-than-expected sales in the fourth quarter for the earnings shortfall i.....»»

Category: personnelSource: nytJan 16th, 2019

Apple cuts current-quarter production plan for new iPhones by 10 percent: Nikkei

Apple Inc , which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday......»»

Category: topSource: reutersJan 9th, 2019

Apple cuts Q1 production plan for new iPhones by 10 pct - Nikkei

Apple, which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, according to the Nikkei Asian Review on Wednesday. David Pollard reports......»»

Category: videoSource: reutersJan 9th, 2019

Apple Reportedly Slashes iPhone Production Yet Again

Production decimated for the current quarter, Nikkei reports. More depressing news for Apple investors reeling from the recent downward revenue forecast for .....»»

Category: europeSource: fortuneJan 9th, 2019

Apple to cut iPhone production by 10% this quarter: report

Apple Inc. will cut production of its three new iPhone models by 10% in the Januar.....»»

Category: topSource: marketwatchJan 9th, 2019

Apple To Cut First Quarter iPhone Production 10%–Source

On the heels of a cut in earnings expectation for the final quarter of last year and comments by CEO Tim Cook about sales challenges in China, Apple has hit another hurdle. The Nikkei Asian Review........»»

Category: blogSource: 247wallstJan 8th, 2019

Citi cuts Q1 iPhone production estimates on weak demand

Citi Research on Friday slashed its first-quarter production estimates for Apple Inc's iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand......»»

Category: topSource: reutersDec 28th, 2018

Apple may cut March-quarter iPhone production by 4 million units, Rosenblatt says

Rosenblatt analyst Jun Zhang wrote Thursday that he thinks Apple "may cut another 4 million iPhones" from its production plans for the March quarter. He said this would "likely" include 2.5.....»»

Category: topSource: marketwatchDec 20th, 2018

Micron Cuts Plans for Spending, Chip Production

The memory-chip maker’s profit rose 23% in the most recent quarter, but a tepid outlook on earnings sent the stock down 9% in after-hours trading......»»

Category: smallbizSource: wsjDec 19th, 2018

Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union

Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn......»»

Category: topSource: reutersDec 4th, 2018

Target"s stock tumbles after profit, same-store sales miss expectations

Shares of Target Corp. plunged 6.4% toward a 6-month low in premarket Tuesday, after the discount retailer reported fiscal third-quarter earnings and same-store sales that missed expectations. Net income for the quarter to Nov. 3 rose to $622 million, or.....»»

Category: topSource: marketwatchNov 20th, 2018

AmerisourceBergen"s stock tumbles after PharMEDium woes, downbeat outlook outweighs earnings beat

Shares of AmerisourceBergen Corp. tumbled 9.1% in morning trade Tuesday, after the drug company reported fiscal fourth-quarter earnings and revenue that just topped expectations but provided a downbeat profit outlook, citing a "potential sizab.....»»

Category: topSource: marketwatchNov 6th, 2018

Apple Has Reportedly Put the Brakes on Additional iPhone XR Production

The current supply might be sufficient. Apple’s recently released iPhone XR might not need another production round to boost supply. The tech giant has requested that its manufacturing partners Foxconn and Pegatron keep .....»»

Category: europeSource: fortuneNov 5th, 2018

Chevron Thrives on Higher Prices, More Production

Chevron beat the third-quarter consensus profit estimate but was light on revenue. Higher prices and increased volume.....»»

Category: blogSource: 247wallstNov 2nd, 2018