Ford Q1 earnings beat, rosy 2024 outlook, cost discipline welcome news

Ford Motor posted better-than-expected first-quarter profit Wednesday evening, thanks to the strength of its commercial operations. Positive updates to the full-year outlook sent shares up about 2.5% in after-hours trading. Auto revenue rose 2% year over year to $38.89 billion, missing analyst expectations of $40.1 billion, according to LSEG estimates. Adjusted earnings per share fell … Read more

Boeing’s financial troubles continue as families of crash victims urge US to prosecute company

Boeing said Wednesday it lost $355 million due to declining first-quarter sales, another sign of the crisis facing the plane maker. increasing control about the safety of its planes and accusations of shoddy work from a growing number of whistleblowers. CEODavid Calhoun said the company is in “a difficult moment” and the focus is on … Read more

Nvidia supplier SK Hynix makes back losses in the first quarter on demand for AI

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SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is ​​expected to announce earnings results on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korean memory chip maker SK Hynix on Thursday reported a net profit of 1.92 … Read more