NRSInsights, a subsidiary of IDT (NYSE:IDT) on Monday said same-store sales in June increased 5.1% from a year earlier. In the month of May, same-store sales had increased 4.7% compared to May 2023. As of June 30, the NRS retail network comprised about 31,400 active terminals scanning purchases at independentContinue Reading
sasacvetkovic33/E+ via Getty Images Ring Energy (NYSE:REI) +3% pre-market Monday after raising Q2 sales volume guidance and reaffirming its $600M borrowing base. The company hiked its Q2 sales guidance range above the high end of prior guidance for both barrels of oil per day and barrels of oil equivalent perContinue Reading
DKart Passenger car sales in China dropped for the third consecutive month in June despite price reductions and government incentives, highlighting a persistent weakness in consumer demand. June experienced a 6.9% decline in vehicle sales compared to the last year. Previously, May saw a 2.2% drop, and April saw aContinue Reading
kali9/E+ via Getty Images “Despicable Me 4” was the No. 1 box-office draw during the holiday weekend with an estimated $75 million in ticket sales from Friday to Sunday and $122.6 million since its Wednesday premiere. The animated sequel from Comcast’s (NASDAQ:CMCSA) Universal Pictures is the latest summer release toContinue Reading
Just_Super SK On, a South Korean maker of batteries for electric vehicles, said it was in crisis because its customers are struggling with lackluster EV sales in Europe and the United States, the Financial Times reported Sunday. Chief Executive Lee Seok-hee plans to cut costs as part of the company’sContinue Reading
As the four-year, post-COVID replacement cycle nears and as industry trends paint an upbeat outlook to the consumer electronics segment, Best Buy’s (NYSE:BBY) stock price could surpass $95 as a return to positive comparable sales fueled by the offering of AI-enabled PCs will likely act as a catalyst for shares.Continue Reading
Ralf Hahn The holiday-shortened trading week fared better for electric vehicle makers NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV), compared to the broader market, as the Chinese start-ups posted double-digit growth in sales numbers for June. For the week, NIO, Li Auto, and XPeng rose 11.06%, 14.43%, 8.05%, respectively,Continue Reading
hh5800 The Semiconductor Equipment Association of Japan said that sales of Japanese chipmaking tools are anticipated to grow 15% in the year to March 2025, driven by an AI-boosted recovery in spending on memory capacity, Bloomberg News reported. The industry group raised its annual guidance to ¥4.25T ($26B), from aContinue Reading
Niu Technologies (NASDAQ:NIU) said in the second quarter of 2024, it sold 256,162 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. The number of units sold in China market and international markets was 207,552 and 48,610, respectively. In international markets, micro-mobility sales grew over 50% year over year. Source: PressContinue Reading
ultramarinfoto/E+ via Getty Images Alvopetro Energy (OTCQX:ALVOF) Wednesday reported June sales volumes of 1,669 boepd including natural gas sales of 9.6 MMcfpd, associated natural gas liquids sales from condensate of 67 bopd and oil sales of 10 bopd, based on field estimates. Q2 sales averaged 1,629 boepd compared to 1,701 boepdContinue Reading
