On Monday, Huawei announced a staggering 22.4% rise in its revenue for 2024, amounting to an impressive 862.1 billion Chinese yuan (around $118.2 billion). This marks the tech behemoth’s second-highest revenue figure ever, trailing only behind the record set in 2020. What makes this leap even more intriguing is the context behind it; while total
Earnings
Lululemon Athletica, the revered sportswear giant, recently showcased impressive fiscal fourth-quarter results that exceeded Wall Street expectations. With earnings per share of $6.14—surpassing the anticipated $5.85—alongside revenues of $3.61 billion against predictions of $3.57 billion, one might assume Lululemon had much to celebrate. Yet, the underlying narrative is not so rosy. Investors reacted to a
2024 has proven to be a daunting year for BMW, with net profits plummeting by an alarming 36.9%, settling at a mere 7.68 billion euros ($8.32 billion). This stark decline serves as a harsh reminder of the automotive industry’s gritty reality: a significant slump in demand, particularly from the crucial Chinese market. The figures tell
Darden Restaurants, a titan in the casual dining sector, recently disclosed its financial health for the fiscal third quarter, and the results are less than stellar. With a reported revenue of $3.16 billion—falling short of the $3.21 billion Wall Street anticipated—it’s clear that complacency may be lurking in the organization’s strategy. Although earnings per share
Tencent’s recent financial results are nothing short of striking, with their fourth-quarter performance showcasing a remarkable increase in both revenue and profits. The numbers speak volumes: a revenue of 172.4 billion Chinese yuan ($23.9 billion) and a profit spike of 90% year-on-year. Tencent, traditionally celebrated as one of the giants of the gaming industry, has
Contemporary Amperex Technology Co., Limited (CATL) finds itself at a precarious crossroads, posting a 9.7% annual revenue dip as the scrutiny of the electric vehicle (EV) marketplace intensifies. The company, renowned as the globe’s largest battery manufacturer, now grapples with an unprecedented financial setback. Such a reversal marks a significant shift for a corporation that
In an impressive display of resilience, DocuSign recently saw its share price rise by over 14% following the announcement of stronger-than-expected earnings. This marked a significant turn for the electronic signature giant, a company that once found itself on a steep decline after the pandemic-induced boom. CEO Allan Thygesen, in an interview with CNBC, voiced
Dollar General’s recent financial report for its fourth quarter has sparked concerns across the retail landscape. Despite narrowly beating revenue expectations with figures reaching $10.3 billion, which is a 4.5% increase from the previous year, the company’s bottom line paints a far more troubling picture. The reported earnings per share (EPS) of 87 cents was
In an era where geopolitical tensions consistently challenge the status quo, Rheinmetall is not just keeping pace with the changing landscape; it’s positioning itself as a dominant force in the defense industry. The company recently unveiled bold projections for 2025, anticipating a 25-30% jump in sales, fueled by significant military orders and a shift in
Kohl’s reported its fourth-quarter earnings and revenue figures on Tuesday, and while the company technically beat analysts’ expectations, the stock market’s reaction told a different story. Shares plummeted more than 15% in early trading, illustrating a crisis of confidence and a disconnect between the surface-level metrics and underlying issues plaguing the company. Analysts may have