Fisker cuts production guidance for Ocean EV after last-minute snags
CEO Henrik Fisker told CNBC that the company expects regulatory approval to begin deliveries of the Ocean in the U.S. before the end of May.
CNBC Earnings
Nikola exits European joint venture to focus on hydrogen trucks in North America
Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.
Novavax surges after biotech company unveils job cuts, positive vaccine data
Novavax still reported bleak first-quarter earnings and revenue that missed Wall Street's estimates.
Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
Fox reported a $54 million net loss for the quarter due to costs related to its settlement with Dominion Voting Systems.
Palantir soars on earnings beat and prediction of full-year profitability
Palantir CEO Alex Karp said the company expects to remain profitable "each quarter through the end of the year."
Oil giant Saudi Aramco posts 19% drop in first-quarter profit
Saudi state oil giant Aramco on Tuesday reported a 19% drop in its first-quarter earnings.
Nintendo Switch sales plunge 22% and the gaming giant expects further declines
Nintendo sold 17.97 million units of its flagship Nintendo Switch console series, a 22% year-on-year decline.
Lucid posts a wider loss as demand concerns linger, says it has enough cash to last into 2024
Luxury electric vehicle maker Lucid is still addressing demand concerns.
Berkshire Hathaway's operating earnings increase 12% in the first quarter, cash hoard tops $130 billion
Berkshire Hathaway's operating earnings jumped in the first quarter, thanks in part to a rebound in the conglomerate's insurance business.
Carvana surges 24% after company says its will achieve adjusted profit sooner than expected
The embattled used car retailer has been working to reduce costs, narrow losses and increase profits per vehicle.
Warner Bros. Discovery shares bounce back after U.S. streaming business turns a profit
Warner Bros. Discovery's streaming business turned profit for the first time ever, even as the company posted a large overall loss.
Lyft shares plunge 15% on weak second-quarter guidance
Lyft reported better-than-expected revenue for the first quarter, but the company's guidance spooked investors
Pfizer earnings and revenue top expectations despite Covid vaccine sales decline
Pfizer's quarterly earnings topped analysts' expectations, despite a sales decline driven by the lower demand for the company's Covid vaccine.
Salad chain Sweetgreen reports narrowing losses as it aims for profitability
The salad chain's traffic increased 2% during the quarter, helping boost same-store sales by 5%.
Apple reports better-than-expected quarter driven by iPhone sales
Apple reported earnings after the bell. Here are the results.
Moderna posts surprise quarterly profit despite waning demand for Covid vaccines
Moderna maintained its full-year guidance of around $5 billion in revenue from its Covid vaccine, its only marketable product.
Shopify cuts 20% of its workforce; shares surge on earnings beat
The cuts represent the second round of layoffs for Shopify in the last year.
Paramount Global shares fall over 28% after weak earnings report, dividend cut
Paramount Global shares plummet as company cuts dividend and earnings miss estimates.
Peloton shares plunge after company reports wider-than-expected loss
Peloton reported subscription growth despite its ninth straight quarter of losses.
Ferrari profit jumps 24% as demand pushes waiting list into 2025
Ferrari's EBIT profit margin, a widely-watched figure, increased a full percentage point to 26.9%.
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