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Tesla plans 'friends and family' car service in California, regulator says
CNBC· 2025-07-26 01:08
Core Viewpoint - Tesla is facing regulatory challenges in California regarding its robotaxi service, which limits its ability to operate autonomous vehicles for passenger transport on public roads [1][2][4]. Regulatory Environment - The California Public Utilities Commission (CPUC) has stated that Tesla is not authorized to transport the public in autonomous vehicles, requiring a human driver at all times [2]. - Tesla can operate a private car service with human drivers under a charter-party carrier permit, similar to limousine services, but this service must not involve autonomous vehicles [3][4]. Current Operations - Tesla is testing its robotaxi service in Austin, Texas, using Model Y SUVs equipped with the latest automated driving technology, but the service is limited to daylight hours and good weather conditions [5]. - The Austin robotaxi service is remotely supervised by Tesla employees and includes a human safety supervisor in the front passenger seat, currently limited to invited users under an "early access program" [6].
MTI(MTX) - 2025 Q2 - Earnings Call Transcript
2025-07-25 16:00
Minerals Technologies (MTX) Q2 2025 Earnings Call July 25, 2025 11:00 AM ET Speaker0Good morning and welcome to the Minerals Technologies Second Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Lydia Kopilova,Speaker1HeadSpeaker0of Investor Relations. Please go ahead.Speaker2Thank you, Gary. Good ...
Garmin to Report Q2 Earnings: What's in the Cards for the Stock?
ZACKS· 2025-07-25 15:56
Core Insights - Garmin (GRMN) is set to report its second-quarter 2025 results on July 30, with earnings estimated at $1.96 per share, reflecting a 24% year-over-year increase [1][2] - The revenue estimate for the same quarter is $1.74 billion, indicating a year-over-year growth of 15.35% [2][11] Revenue Segments - The Fitness segment is expected to generate revenues of $482.5 million, showing a 12.6% increase year-over-year, driven by strong demand for advanced wearables and new wellness products [5][4] - The Outdoor segment's revenue is projected at $469.1 million, representing a 6.6% year-over-year growth, supported by strong momentum in wearables and new product launches [7][6] - The Marine segment is anticipated to achieve revenues of $340.4 million, up 24.7% from the previous year, bolstered by new product launches and the acquisition of Lumishore [9][8] - The Aviation segment is expected to report revenues of $245.8 million, indicating a 12.6% year-over-year growth, aided by increased demand in private air travel and new product launches [12][10] - The Auto OEM segment is projected to reach $185.5 million in revenues, reflecting a significant 26% year-over-year growth, driven by increased shipments to BMW [12] Growth Drivers - Garmin's expanding product portfolio is a key growth driver for its top-line performance in Q2 2025 [3] - Collaborations with Zwift and Google Maps are likely to enhance product appeal and boost sales across various segments [11]
Gentex (GNTX) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-07-25 14:10
Gentex (GNTX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +17.50%. A quarter ago, it was expected that this maker of automatic-dimming rearview mirrors and other products would post earnings of $0.43 per share when it actually produced earnings of $0.43, delivering no surprise.Over ...
Yoshiharu Global Co. Announces Strategic Transition to Vestand Inc.
Globenewswire· 2025-07-25 12:31
BUENA PARK, Calif., July 25, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) (the "Company"), today announced that it plans to change its corporate name to Vestand Inc., and has secured $6.0 million in strategic funding from U.S. and Korean investors to support this transition into a PropTech company. The Company also announced a substantial enhancement of its internal control policy, reinforcing its commitment to transparency and long-term growth as a publicly listed entity. Corporate Name Cha ...
中国电力设备:超 1 万亿元的大型水电项目能否显著提振中国电网资本支出并加剧高压电力设备供应紧张?-China Power Equipment
2025-07-25 07:15
J P M O R G A N Asia Pacific Equity Research 22 July 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Power Equipment Would the >Rmb 1 trillion mega-hydropower project meaningfully lift China grid capex and increase tightness for HV power equipment ...
Kalmar's half-year financial report January–June 2025: Strong performance and order intake in the second quarter
Globenewswire· 2025-07-25 06:00
Core Insights - Kalmar Corporation reported strong financial performance in the second quarter of 2025, with a resilient comparable operating profit margin of 13.1% and robust order intake despite geopolitical challenges [4][12][10] Financial Performance - Orders received increased by 20% year-on-year, totaling EUR 450 million, with strong growth in the Equipment segment, which saw a 28% increase [5][12][22] - Sales for the second quarter grew modestly by 1% to EUR 420 million, while the first half of 2025 saw a 4% decline in sales compared to the same period in 2024 [6][12][24] - Comparable operating profit amounted to EUR 54.9 million, reflecting a 5% increase from the previous year, with a comparable operating profit margin of 13.1% [6][12][26] - Cash flow from operations before finance items and taxes was EUR 21.9 million, with a strong cash conversion rate of 95% over the last twelve months [6][12][18] - Net debt decreased by 42% from EUR 157 million to EUR 91 million, resulting in a healthy leverage ratio of 0.4x [6][12][18] Strategic Initiatives - The company is focused on innovation and sustainability, with its eco portfolio representing 44% of total sales, which increased by 9% year-on-year [8][12][18] - Kalmar's commitment to sustainability is underscored by the approval of its science-based emissions reduction targets, aiming for net-zero by 2045 [8][12][10] - The Driving Excellence initiative has secured approximately EUR 16 million in annualized gross efficiency improvements during the first half of 2025 [6][12][10] Market Environment - Despite a strong performance, the global landscape remains volatile due to trade tensions and geopolitical uncertainties, particularly affecting demand in the Americas [7][12][10] - The demand environment was generally favorable, with strong growth in Europe and solid performance in the AMEA region, although the US market faced increased uncertainty [5][12][10] Future Outlook - Kalmar maintains its guidance for 2025, expecting a comparable operating profit margin above 12% [3][10] - The company emphasizes its strategic focus on customer proximity, sustainable innovations, and expanding its service offerings to drive future growth [15][12][10]
WEX Sees 25% Year-Over-Year Growth in Accounts Payable Automation
PYMNTS.com· 2025-07-24 21:09
Despite a temporary revenue dip (–11.8% YoY) due to a travel client restructure, WEX is doubling down on AP automation and expanding embedded payments into new verticals — poising this segment for future growth.WEX is transforming from a legacy fuel card provider into a diversified FinTech infrastructure company, now operating in three segments: Mobility, Benefits, and Corporate Payments.When economic uncertainty reigns, handling surprises takes an agile business strategy. By completing this form, you agree ...
Data I/O Reports Second Quarter 2025 Results
Newsfile· 2025-07-24 20:00
Delivered Second Consecutive Quarter of Sequential Bookings Growth Preparing to Scale Through Revenue Growth & Market ExpansionRedmond, Washington--(Newsfile Corp. - July 24, 2025) - Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June 30, 2025.Management Comments Commenting on the quarter ended June 30, 2025, William Wentw ...
Honeywell International (HON) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-07-24 18:30
For the quarter ended June 2025, Honeywell International Inc. (HON) reported revenue of $10.35 billion, up 8.1% over the same period last year. EPS came in at $2.75, compared to $2.49 in the year-ago quarter.The reported revenue represents a surprise of +3.33% over the Zacks Consensus Estimate of $10.02 billion. With the consensus EPS estimate being $2.64, the EPS surprise was +4.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...