Breaking News: Earnings

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during a Bloomberg Technology television interview in San Francisco, California, U.S., on Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty ImagesUber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it's recovering from its coronavirus lows and wouldn't have to put up "significant" investments to keep drivers on the platform.But it also reported a $5.9 billion loss during the period that…

DETROIT – Amid rising costs and supply chain instability, General Motors reaffirmed its earnings expectations for 2022 despite reporting a lower net profit and margin compared with a year ago.CEO Mary Barra and CFO Paul Jacobson described the first-quarter results as "solid" and a testament to actions the company has taken in recent years to lower operational costs, while navigating difficult circumstances.GM reaffirmed its pretax adjusted earnings forecast of between $13 billion and $15 billion for the year, while…

DETROIT – Ford Motor posted first-quarter results Wednesday that were in line with Wall Street's expectations, though its net profit was dragged down by a stake in electric vehicle maker Rivian Automotive and reduced vehicle production.Ford reported an unadjusted net loss of $3.1 billion, including a loss of $5.4 billion on the company's 12% stake in Rivian. That's compared with a net profit of $3.3 billion during the same period a year ago.Rivian stock shed about 52% of its market cap during the first quarter, bringing…

CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021.Caitlin O'Hara | ReutersElectric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have to pay higher prices.Lucid said that it will honor its current pricing for any customer with an existing reservation, as well as any new customers who make reservations before the end of May. After that, pricing on the…

Nikola Motor CompanySource: Nikola Motor CompanyElectric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters of intent for over 500 of its battery-electric Tre trucks.The company is also working with clients including Anheuser-Busch Inbev to complete a longer-range hydrogen fuel cell-powered version due next year.Production of Nikola's battery-electric Tre semitruck began in late March, and its first 11 trucks were shipped to dealers…

When the pandemic first hit one of the world's most valuable start-ups saw its private value nearly halved. Now as hotels suffer but vacation rentals boom, Airbnb CEO Brian Chesky is reportedly planning to file for a long-awaited IPO.Mike Segar | ReutersAirbnb reported better-than-expected results on Tuesday and gave an upbeat forecast for the second quarter, as the company sees a rebound in travel coming out of the pandemic.The shares rose more than 6% in after-hours trading.Here are the key numbers:Loss per share: 3…

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'' in Los Angeles, California, U.S., August 20, 2020.Mike Blake | ReutersShares of Lyft lost more than a quarter of their value in after-hours trading Tuesday after the company provided light second-quarter guidance and warned investors it will have to keep spending on driver…

AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up as much as 8% in extended trading.Here's how the chipmaker did versus Refinitiv consensus estimates in the quarter ending March:EPS: $1.13, adjusted, versus $0.91 expected, up 117% year-over-yearRevenue: $5.89 billion, versus $5.52 billion expected, up 71% year-over-yearAMD said it expected $6.5 billion in sales in the current quarter, ahead of analyst expectations of $6.38 billion.AMD's…