Manufacturing news & headlines
Latest breaking stories, features and analysis
- Toyota says its Q1 revenue declined by 40% on a year over year basis.
- The Japanese automaker reports £1.14 billion of net profit in Q1.
- The car maker performed the worst in North America in the first quarter.
Latest Manufacturing news
BMW AG (ETR: BMW) revealed to have swung to a loss on Wednesday in the fiscal second quarter. The company attributed its dovish performance to the Coronavirus pandemic that pushed its factories into temporarily shutting down in recent months. The company also confirmed its future guidance for the full year on Wednesday. Shares of the company opened more than 2.5% down on Wednesday and tanked another 2% in the next hour. At £50.23 per share, BMW i...
Sony Corp (TYO: 6758) said on Tuesday that its profit in the fiscal first quarter dropped by only 1.1% that was significantly lower than expected. The company attributed it to its gaming business that showed resilience in recent months as COVID-19 saw homebound people looking for indoor means of entertainment. Shares of the company gained more than 1% up Tuesday. At £63 per share, Sony Corp is currently more than 15% up year to date in the stock...
The Clorox Company (NYSE: CLX) published its quarterly financial results on Monday that came in stronger than what the experts had forecast for the fiscal fourth quarter. The company attributed its hawkish performance to the Coronavirus pandemic that fuelled demand for its cleaning products in recent months. Previously, Clorox had reported a 15% increase in sales in its fiscal third quarter in May. Shares of the company were reported about 1.5% u...
Senior plc (LON: SNR) revealed to have swung to a net loss in the first half (H1) of the ongoing financial year on Monday. The company attributed the decline to the Coronavirus pandemic that weighed on demand in recent months. It also added the Boeing 737 MAX grounding had a significant impact on its financial performance. Senior is a prominent supplier for Boeing and heavy equipment manufacturer, Caterpillar. Its board decided in favour of suspe...
Caterpillar (NYSE: CAT) published its quarterly financial results on Friday that came in stronger than what the experts had forecast. The company said that its dealer inventories declined by £1.07 billion in the second quarter. Prioritised spending and cost reduction, however, helped offset the decline. Shares of the company closed more than 0.5% up on Friday. At £101.50 per share, Caterpillar is currently more than 10% down year to date in the s...
Fiat Chrysler (NYSE: FCAU) revealed to have swung to a £950 million loss in the fiscal second quarter. The company attributed its loss to the Coronavirus pandemic that pushed its production facilities into temporarily shutting down in recent months. Its Peer, Ford Motor, also published its quarterly financial results on Thursday that came in stronger than what the experts had forecast for earnings and revenue in the fiscal second quarter. Shares...
British American Tobacco (LON: BATS) said on Friday that its profit in the first half (H1) of the current fiscal year came in higher. The company reported a decline in volume, but it was offset by cost cuts and higher demand for pricey items. Shares of the company tanked more than 5% on Friday. Closing at £25.24 per share, British American Tobacco is currently more than 15% down year to date in the stock market after recovering from an even lower...
Procter & Gamble (NYSE: PG) released its quarterly financial results on Thursday that came in stronger than what the experts had forecast. The company attributed the success to the Coronavirus pandemic that fuelled demand for its Mr Clean products and Tide laundry detergent. P&G also topped the earnings estimates in Q3. The consumer goods company also highlighted on Thursday that it expects demand to remain upbeat in fiscal 2021 even afte...
General Motors (NYSE: GM) revealed to have swung to a net loss of £584.46 million in the second quarter on Wednesday as compared to £1.87 billion of profit in the same quarter last year. The company attributed the loss to the Coronavirus pandemic that pushed its production facilities into temporarily shutting down in recent months. Earlier in July, General Motors had announced a 5.3% decline in vehicle sales between April and June. Shares of the...
The Boeing Company (NYSE: BA) published its quarterly financial results on Wednesday that came in weaker than analysts’ estimates. The company said that it will slash production of its primary commercial aircraft as COVID-19 continues to wreak havoc on demand. Boeing’s best-selling 737 Max is also grounded since March 2019 after two fatal crashes. Shares of the company jumped less than 1% in premarket trading on Wednesday. At £131.62 per share, B...
Advanced Micro Devices (NASDAQ: AMD) published its quarterly financial results on Tuesday that highlighted the company to have generated more than expected revenue in the second quarter. The company also raised its revenue outlook for the full year on Tuesday. Shares of the company jumped more than 10% in after-hours trading on Tuesday. At £57.54 per share, AMD is currently about 50% up year to date in the stock market after recovering from a low...
3M Co. (NYSE: MMM) published its quarterly financial results on Tuesday that came in weaker than what the experts had forecast. The company attributed its dovish performance to the Coronavirus pandemic that weighed on its performance in the second quarter. 3M had previously reported an 11% decline in April sales due to the health crisis. Shares of the company were reported 2.2% down in premarket trading on Tuesday. At £126.12 per share, 3M Co. is...
Avery Dennison (NYSE: AVY) published its quarterly financial results on Monday that came in stronger than what the experts had forecast. Albertsons also said that its quarterly revenue jumped 21.8% on Monday. Shares of the company tanked about 5% on market open on Monday. At £88.88 per share, Avery Dennison is currently more than 10% lower year to date in the stock market after recovering from an even lower £61.11 per share in March. Avery Dennis...
Tesla Inc. (NASDAQ: TSLA) published its quarterly financial results on Wednesday that topped the analysts’ estimates for earnings and revenue. The company remained profitable in four consecutive quarters that now makes it eligible to secure a spot in the benchmark S&P 500 index. Shares of the company were reported about 6% up in extended trading on Wednesday. At £1,318 per share, Tesla is nearly 300% up year to date in the stock market...
Philip Morris (NYSE: PM) boasted to have topped analysts’ estimates for earnings and revenue in the second quarter on Tuesday resulting in shares of the company jumping 3.3% in premarket trading. Philip Morris had also published a stronger than expected earnings report for Q1 in April. Shares of the company jumped another 2% on market open on Tuesday. At £60.56 per share, Philip Morris is currently 10% down year to date in the stock market after...
Lockheed Martin Corp (NYSE: LMT) released its quarterly financial results on Tuesday that topped analysts’ estimates for earnings and revenue in the second quarter. Following a stronger than expected earnings report, the aerospace and defence company also raised its outlook for the full year on Tuesday. Lockheed had also posted stronger than expected profit in the first quarter. Shares of the company were reported 3.7% up in premarket trading on...
Logitech International (SWX: LOGN) published its quarterly financial results on Tuesday that highlighted a 75% increase in its non-GAAP operating income. On the back of robust performance in the first quarter, the company upwardly revised its annual financial guidance for fiscal 2021. Logitech had reported a 13.6% increase in Q4 sales in May. Shares of the company opened more than 5% up on Tuesday but lost the entire gain in the next hours. At £5...