NVIDIA’s 15% Crash: Real Reasons Behind the AI Stock SlumpThe AI sector struggles as NVIDIA’s stock plummets 15% post-Q2 earnings, reflecting broader market declines and investor caution.
Lockheed Martin Maintains Growth Despite Profit HurdlesDespite a temporary drop in revenue for the first quarter, U.S. defense company Lockheed Martin Corporation (LMT) is expected to maintain its growth trend. According to Hana Securities, Lockheed Martin’s first quarter revenue in 2024 is projected to be $17.2 billion (an increase of 13.7% from the previous year), while operating income is expected to […]
Delta Air Lines Surpasses Expectations, Eyes Record Revenue in Q2Delta Air Lines surpassed market expectations with its Q1 results and is anticipated to record its all-time high revenue in Q2. Delta Air Lines’ revenue for Q1 this year was $13.7 billion, marking a 7.8% year-over-year increase, and its operating profit successfully turned to a surplus of $610 million. Non-GAAP earnings per share outperformed market […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product LaunchesNike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue DropFedEx (FDX), a global transportation company, exceeded quarterly earnings expectations. Despite a decrease in revenue, profits increased due to cost-cutting measures. FedEx’s third quarter (December to February) revenue was $21.74 billion, a decrease of 1.9% from the previous year, and operating profit was $1.24 billion, an increase of 19.3%. EPS (earnings per share) recorded $3.51, […]
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