Category: Beats
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Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand
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(Reuters) – Lucid Group reported record fourth-quarter deliveries on Monday, beating Wall Street expectations, as the Saudi Arabia-backed automaker benefited from strong demand for luxury electric sedans. The electric car maker has cut prices and offered incentives including cheap financing to lure customers away from cheaper hybrid cars amid rising…
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How A Bitcoin Fear and Greed Index Trading Strategy Beats Buy and Hold Investing
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The Bitcoin Fear and Greed Index is a sentiment analysis tool that captures the collective mood of Bitcoin traders and investors. The index runs on a scale from 0 to 100, and identifies market sentiment ranging from extreme fear (0) to extreme greed (100). Although it is a popular source…
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Legacy Media’s Transformation: Why Evolution Beats Extinction
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He followsChristinaon X. As a public relations professional with over a decade of experience, I have witnessed first-hand the changing media landscape. And let’s be honest: The claim that “old media is dead” sounds more like a provocative headline than an accurate assessment. The traditional media model is certainly shifting…
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TSMC’s third-quarter revenue easily beats market forecast By Reuters
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TAIPEI (Reuters) – TSMC, the world’s largest contract chip maker, on Wednesday reported third-quarter revenue that easily beat market and the company’s own expectations as it reaped the benefit of demand for artificial intelligence. The Taiwan Semiconductor Manufacturing Company, whose clients include Apple (NASDAQ:) and Nvidia (NASDAQ:), has been at…
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CarMax beats second-quarter revenue estimates on higher unit sales By Reuters
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By Ananta Agarwal (Reuters) – Used car retailer CarMax Inc beat Wall Street estimates for second-quarter revenue on Thursday as price cuts on used vehicles boosted unit sales, especially in the retail segment, sending its shares up 6.4 percent in afternoon trading. Used car dealerships have had a rocky ride,…
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Hot Streams: From Afro-pop, R&B to all-time reggae beats
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While you’re browsing digital music platforms, here are five new albums across genres, from Afro-pop to reggae, R&B to country, that BDLife recommends for your listening pleasure. Charisma Music fans first heard of the singer-songwriter in 2018 as the featured vocalist of the group, Le Band, when he was still…
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Kohl’s beats earnings estimates, raises EPS guidance; shares rise By Investing.com
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Kohl’s (NYSE:) reported better-than-expected second-quarter earnings on Thursday, despite a drop in sales, and raised its full-year earnings outlook. The retailer’s shares rose more than 3% on the news. The department store chain reported adjusted earnings per share of $0.59 for the quarter ended Aug. 3, 2024, beating analysts’ estimates…
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NICE Systems names new CEO, beats analysts on Q2
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Nice Systems Ltd. (NASDAQ: nice – good; level:nice – goodNICE has appointed Scott Russell, a former senior executive at SAP, as its new CEO. He replaces Barak Elam, who announced he would step down at the end of the year when NICE published its first-quarter financial results three months ago,…
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Australia’s CBA beats annual profit forecast, extends shares rally By Reuters
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Written by Sameer Manikkar (Reuters) – Commonwealth Bank of Australia, the country’s largest lender, reported a smaller-than-expected fall in annual cash profit on Wednesday and announced its highest ever dividend, despite falling margins and rising mortgage overdue payments. Cash profits were A$9.84 billion (US$6.52 billion) for the year to June…
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Jacobs beats Q2 revenue estimates on steady demand in infrastructure business By Reuters
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(Reuters) – Engineering consultancy Jacobs Solutions Inc beat third-quarter revenue estimates on Tuesday, helped by continued demand at its infrastructure services unit. The People & Places Solutions (P&PS) segment, which provides architecture, energy transformation and other technology services, benefited from the US government’s $1 trillion infrastructure bill, as well as…
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CSX beats second-quarter profit on better volumes, strong pricing By Reuters
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(Reuters) – U.S. railroad CSX Inc (NASDAQ:CSX) narrowly beat second-quarter profit estimates on Monday, helped by higher freight volumes and strong rates, sending its shares up 5% after the open. Improving intermodal volumes, or goods moved across two or more modes of transportation, has helped railroads post profits along with…
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XRP Beats Out Bitcoin, Ethereum, And Dogecoin In July, What Happened?
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July was a month of intense competition, with leading coins like Bitcoin, Ethereum, XRP, and Dogecoin vying for dominance. Amidst this struggle, an unexpected victor emerged, as the price of XRP managed to outperform its beloved peers to become the best performer among the top 10 cryptocurrencies by market cap.…
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Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs By Reuters
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(Reuters) – Bleach maker Clorox Co forecast annual profit to beat estimates after beating fourth-quarter earnings on Thursday, helped by back-to-back price increases in home care products and reduced input costs that improved margins. Demand for the company’s cleaning products such as floor cleaners and disinfectant sprays improved as consumers…
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EBay beats quarterly results estimates on steady demand for refurbished goods By Reuters
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(Reuters) – eBay Inc beat Wall Street expectations on revenue and profit in the second quarter, helped by strong demand for used goods, auto parts and cost-effective accessories. But the e-commerce giant’s third-quarter revenue forecast fell short of analysts’ estimates, pointing to the effects of a tough economy. The company’s…
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Deutsche Bank Q2 beats estimates, RBC maintains “outperform” despite headwinds By Investing.com
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Investment.com – German Bank DBK (ETR:) reported a positive set of second-quarter results that beat analysts’ expectations for net income and pre-tax earnings, according to a report from RBC Capital Markets. The upbeat performance was driven by strong revenue growth across all business divisions. Strong revenue growth across core businesses:…
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Health insurer Elevance beats profit estimates on lower medical costs By Reuters
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By Sriparna Roy and Bhuyan Singh (Reuters) – Elevance Health Inc beat Wall Street estimates for quarterly profit on Wednesday as the company spent less than expected on covering medical costs for its members. Strength in the Carelon Healthcare Services unit, higher premiums and membership growth in Obamacare and commercial…
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Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend
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Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…
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Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend
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Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…