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Toyota Q2 Earnings Miss Expectations, Revenues Rise Y/Y
ZACKS· 2025-11-13 16:11
Core Insights - Toyota reported fiscal second-quarter 2026 earnings per share of $4.85, missing the Zacks Consensus Estimate of $5.07 but increasing from $2.90 in the same quarter last year [1][8] - Consolidated revenues reached $83.94 billion, up from $76.92 billion in the prior-year quarter [1][8] - The company had consolidated cash and cash equivalents of ¥8.11 trillion ($54.6 billion) as of September 30, 2025, with long-term debt increasing to ¥23.63 trillion ($159 billion) [1] Segmental Results - The Automotive segment's net revenues increased 7% year over year to ¥11.06 trillion ($74.5 billion), but operating profit declined 39.5% to ¥574.1 billion ($3.9 billion) [2] - The Financial Services segment's net revenues rose 14.4% to ¥1.19 trillion ($8.01 billion), with operating income increasing 40.2% to ¥228.2 billion ($1.54 billion) [2] - All Other businesses reported net revenues of ¥393 billion ($2.64 billion), a 16.3% increase year over year, but operating profit fell 5.7% to ¥31.4 billion ($212 million) [3] FY26 Guidance - For fiscal 2026, Toyota projects total retail vehicle sales of 11.3 million units, up from 11.01 million units in fiscal 2025 [4] - Expected sales for fiscal 2026 are ¥49 trillion, compared to ¥48.04 trillion in fiscal 2025, while operating income is projected to decline by 29% to ¥3.4 trillion [4] - Pretax profit is estimated at ¥4.18 trillion, down from ¥6.41 trillion in fiscal 2025, with R&D expenses expected to rise to ¥1.5 trillion and capex forecasted at ¥2.3 trillion [5]
Fitch downgrades Aston Martin's ratings as US demand uncertain
Reuters· 2025-11-13 16:08
Credit rating agency Fitch Ratings has downgraded British automaker Aston Martin's debt ratings, citing the luxury sports car maker's persistent negative cash flow and uncertainty around its U.S. cust... ...
Stock Market Today: U.S. Stocks Have Worst Performance in Over Month As Traders Trim Rate Cut Bets, Gov't Reopens
Yahoo Finance· 2025-11-13 16:05
Coming up after the closing bell, we'll have just shy of 100 reports. Chief among them will be Applied Materials , joined by Nu Holdings , Credicorp , and JBS , among others.Virgin Galactic : EPS -$1.09 | $365,000 (vs. $395,800) Expects first commercial spaceflight by Q4 2026 Expects most current customers to take flights in 2027That said, here are the big stories making the rounds after hours:The Russell 2000 (-2.8%) fell by nearly 3% at one point. The tech-heavy Nasdaq Composite (-2.29%) had its worst day ...
Jim Ratcliffe to cut hundreds of jobs at 4x4 carmaker
Yahoo Finance· 2025-11-13 16:02
Sir Jim Ratcliffe launched Ineos Automotive after the Land Rover Defender went out of production - Hollie Adams/Bloomberg Sir Jim Ratcliffe is to axe hundreds of jobs at his 4x4 car venture amid tumbling UK sales and pressure on the tycoon’s wider Ineos industrials empire. Ineos Automotive on Thursday said it was taking “strategic measures to structure its business for long-term success” including a reorganisation that will see the head office dramatically slimmed down. The company said this would resul ...
特斯拉(TSLA.US)跌幅扩大至5% 10月特斯拉中国销量创3年新低
Zhi Tong Cai Jing· 2025-11-13 15:56
此外,据消息人士称,特斯拉人工智能(AI)业务负责人在内部讲话中对员工表示,2026年将是他们"人 生中最艰难的一年"。有员工形容这场会议是一次"动员号召"。据悉,会议持续近两小时,AI部门的多 位领导均发表了讲话。员工们被告知了Optimus机器人量产的激进时间表,以及Robotaxi无人驾驶出租 车服务的具体目标。分析师指出特斯拉AI项目如Optimus机器人尚未产生收入,股票估值面临质疑。 周四,特斯拉(TSLA.US)跌幅扩大至5%,较月初高点累跌10%,现报409.08美元。消息面上,特斯拉中 国10月交出了三年以来最差成绩单。10月份特斯拉中国的零售销量为26006辆,较9月的71525辆环比减 少63.64%,较2024年同期的40485辆同比下降35.76%,为2022年11月以来最低水平。 ...
Tesla recalls 10,500 Powerwall 2 batteries in US over fire risk
Reuters· 2025-11-13 15:53
Tesla said on Thursday it is recalling about 10,500 units of its Powerwall 2 battery power systems in the U.S. for fire and burn hazards after receiving 22 reports of overheating. ...
Ark Invest Acquires $30M in Circle Shares
Ventureburn· 2025-11-13 15:44
The firm rebalances its portfolio by selling Tesla stock and adding fintech and crypto holdings.Ark Invest has purchased $30 million worth of Circle shares across its key ETFs.Ark Invest Moves $30 Million into CircleArk Invest has acquired approximately $30 million worth of Circle Internet Group shares, marking a clear pivot towards fintech and stablecoin infrastructure. The move reflects the company’s confidence in the future of blockchain-based payments and digital finance.The purchase comes shortly after ...
Westport Q3 Earnings Surpass Expectations, Decrease Y/Y
ZACKS· 2025-11-13 15:31
Core Insights - Westport Fuel Systems Inc. (WPRT) reported a narrower loss of 60 cents per share in Q3 2025, compared to the expected loss of 89 cents and a loss of 22 cents in the same period last year [1][10] - The company achieved consolidated revenues of $1.62 million, exceeding the Zacks Consensus Estimate of $1 million, while net revenues were $66.25 million in Q3 2024 [2][10] - Adjusted EBITDA loss was $5.9 million, a significant increase from a loss of $800,000 in the previous year [2] Segment Performance - Cespira segment reported net sales of $19.3 million, surpassing the estimate of $12.6 million and increasing from $16.2 million in Q3 2024, but incurred an operating loss of $4.2 million, slightly wider than the previous year's loss of $4.1 million [3][4] - High-Pressure Controls and Systems segment had net sales of $1.6 million, down from $1.8 million in Q3 2024 due to lower sales during plant relocation, but exceeded the estimate of $1.1 million; gross profit improved to $0.5 million (31% of revenues) from $0.4 million (22% of revenues) [5] - Heavy-Duty OEM segment reported no sales activity following the conclusion of its transitional service agreement with Cespira in Q2 2025 [6] Financial Position - As of September 30, 2025, Westport had cash and cash equivalents of $33.1 million, up from $14.75 million at the end of 2024; long-term debt increased to $1.18 million from $548,000 [7] Market Position - Westport currently holds a Zacks Rank 3 (Hold); other better-ranked stocks in the auto sector include General Motors Company (GM), OPENLANE, Inc. (KAR), and Garrett Motion Inc. (GTX), all with a Zacks Rank 1 (Strong Buy) [8]
GM, Ford Become World’s Greatest Car Companies
Yahoo Finance· 2025-11-13 15:15
Core Insights - Ford Motor Co. and General Motors Co. have reportedly wasted significant investments in electric vehicles, with rumors suggesting Ford may discontinue its F-150 Lightning EV [1] - Despite their struggles in the EV market, both companies are trading near historical highs, with GM at an all-time high and Ford close to its 52-week high [2][6] - The stock market currently favors traditional gasoline-powered vehicle manufacturers, particularly in regions outside of China, where the EV market is highly competitive [1][3] Market Position - Ford and GM are not competitive players in the Chinese EV market, which has over 100 companies vying for market share, leading to intense competition that has affected even established leaders like BYD [3] - In the European Union, both companies lag behind competitors such as Volkswagen, Renault, and Stellantis, having not performed well in that market for years [3] - In the United States, GM leads with a 17% market share, followed by Toyota at 16% and Ford at 13%, benefiting from established factory networks and a large number of dealerships [4] Leadership and Financial Performance - Executives Mary Barra of GM and Bill Ford have not received much recognition for their successes, as both companies have struggled to capture a significant share of the EV market, resulting in substantial annual losses for Ford [5] - The potential for a successful EV future could elevate their stock prices to levels comparable to newer entrants like Rivian Automotive Inc. and Lucid Group Inc. [5]
Tesla’s Future Rests On Energy And Experimental Segments As Auto Growth Fades (TSLA)
Seeking Alpha· 2025-11-13 15:11
With shareholder approval of the 2025 Performance Award package (page 58) for CEO Elon Musk, Tesla, Inc. ( TSLA ) is targeting another decade of extreme growth with the ultimate goal of beingAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I ...