firstquarter Archives

Polish retailer CCC’s first-quarter earnings jump 244%

May 10, 2024 mpsingh No Comments Business CCCs, earnings, firstquarter, jump, polish, retailer

By Reuters API Published May 9, 2024 Polish footwear and fashion retailer CCC said on Thursday its first-quarter earnings more than tripled as profitability improved across all its business lines. Reuters Preliminary earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 304 million zlotys ($76.41 million) compared with 89 million in the year-earlier [...]read morePolish retailer CCC’s first-quarter earnings jump 244%

Etsy misses first-quarter sales, profit estimates on lower discretionary demand

May 2, 2024 mpsingh No Comments Business demand, discretionary, estimates, Etsy, firstquarter, misses, profit, sales

By Reuters Published May 2, 2024 Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace. Reuters Despite Etsy ramping up spending over the past quarters on promotions and advertising, it struggled to keep up [...]read moreEtsy misses first-quarter sales, profit estimates on lower discretionary demand

Pennymac posts first-quarter profit of $39M

April 25, 2024 mpsingh No Comments Real estate 39M, Correspondent Lending, firstquarter, mortgage origination, Mortgage Servicing, PennyMac, posts, profit, Wholesale Lending

Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California-based multichannel lender and servicer announced Wednesday. The company’s pretax gain in the first quarter was $43.9 million. That was less than the $38.1 million figure it posted during the same period last year but a significant improvement from [...]read morePennymac posts first-quarter profit of $39M

EV maker Lucid beats first-quarter delivery estimates as price cuts boost demand

April 9, 2024 mpsingh No Comments Auto beats, Boost, cuts, delivery, demand, estimates, firstquarter, Lucid, maker, Price

Lucid reported first-quarter deliveries above market expectations on Tuesday as price cuts helped boost demand for its luxury electric sedans, sending its shares up about 4%. The company handed over 1,967 vehicles in the first quarter, compared with estimates of 1,745, according to eight analysts polled by Visible Alpha. Lucid’s deliveries remained resilient after [...]read moreEV maker Lucid beats first-quarter delivery estimates as price cuts boost demand

U.S. first-quarter auto sales grew 5% despite high interest rates, but EV growth slows further

April 3, 2024 mpsingh No Comments Auto Auto, firstquarter, Grew, growth, high, interest, rates, sales, slows, U.S

DETROIT — New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed during the first three months of the year, with mainstream buyers wary of limited range and a lack of charging stations. Automakers, most of [...]read moreU.S. first-quarter auto sales grew 5% despite high interest rates, but EV growth slows further