Citigroup reported rising net income and better-than-expected revenue for the first quarter, boosting its stock Friday even as the bank’s executives expressed caution about the path...
Category: Earnings
Rent the Runway’s losses narrow as company edges closer to profitability
Rent the Runway’s losses narrowed in its fiscal fourth-quarter earnings reported Wednesday as the digital retailer continues to streamline its costs and work towards profitability. Despite...
Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago. Zhang Peng | Lightrocket | Getty...
Huawei reports biggest profit decline ever as U.S. sanctions, pandemic controls hit Chinese giant
Huawei’s revenue stabilized in 2022 as the company diversified into new areas like cloud computing and automotive technology. But its profit plunged as pressure from U.S....