Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises
Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev
Amazon Given Record $888 Million EU Fine for Data Privacy Breach
Luxembourg watchdog wields new powers with highest data fine. Fine follows probe based on complaint by French privacy group. Amazon.com Inc. faces the biggest ever European Union fine for a data privacy breach as its lead watchdog hit it with a 746 million-euro penalty for violating the bloc’s tough data protection rules.The Luxembourg data protection authority’s decision on July 16 was disclosed in a regulatory filing by Amazon on Friday. The decision said Amazon’s “processing of personal data
Some of the stocks that may grab investor focus today are:
Wall Street expects Boeing Co (NYSE: BA) to report quarterly a loss at $0.72 per share on revenue of $17.78 billion before the opening bell. Boeing shares fell 0.6% to $221.00 in after-hours trading.