(USD) | Jun 2024 | Q/Q |
---|---|---|
Revenue | 303.5MM | +15% |
Gross Profit | 137.2MM | +19% |
Cost Of Revenue | 166.3MM | +12% |
Operating Income | 1.8MM | -106% |
Operating Expenses | 135.4MM | -6% |
Net Income | 10.8MM | -167% |
R&D | 48.9MM | -10% |
G&A | 33.5MM | -5% |
Marketing | 51.8MM | -3% |
Amortization | 5.9MM | -0% |
Interest Expense | - | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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The revenue decrease was due to a “broad-based slowdown” in the U.S. and Europe caused by higher interest rates, policy changes and other factors, the company said.
Recent market turbulence, highlighted by a significant drop in major U.S. indices such as the Nasdaq and S&P 500, has left investors cautious but also watchful for opportunities. In this climate, identifying undervalued stocks—those trading below their intrinsic value—can be particularly compelling for those looking to invest during uncertain times.
Market Domination hosts Julie Hyman and Josh Lipton guide investors through the final trading hour of Wednesday, July 24, as US equity markets (^DJI, ^IXIC, ^GSPC) react to earnings out from Alphabet (GOOG, GOOGL) and Tesla (TSLA) and anticipate more results from Big Tech. Citi head of US equity strategy Scott Chronert comes on the program to talk about the role Magnificent Seven tech stocks will have in the ongoing market rotation. Former Chairman of LVMH North America Pauline Brown discusses t...
We recently compiled a list of the 10 Best Manufacturing Stocks To Buy According to Analysts. In this article, we are going to take a look at where Enphase Energy, Inc. (NASDAQ:ENPH) stands against the other manufacturing stocks. 2024 is seeing a momentous shift in global manufacturing trends that have cemented themselves over the past three […]
Enphase Energy (ENPH) shares are surging Wednesday despite missing on its top and bottom lines for the second quarter. The Market Domination team checks out Enphase's earnings figures as the solar energy industry navigates a tougher environment. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Tesla stock falls sharply after the electric-vehicle maker posts second-quarter earnings that missed expectations, Alphabet declines even after beating profit and revenue estimates, and AT&T reports its second-straight quarter of stronger-than-expected net phone subscribers.
The S&P 500 dropped 2.3% on Wednesday, July 24, 2024, following lackluster earnings results from Tesla and Google parent Alphabet.
Tesla stock falls sharply after the electric-vehicle maker posts second-quarter earnings that missed expectations, Alphabet declines even after beating profit and revenue estimates, and AT&T reports its second-straight quarter of stronger-than-expected net phone subscribers.
Enphase Energy indicated that the drop in demand for solar power in the U.S. may be over, and its shares soared in intraday trading Wednesday.
The solar and battery-system supplier said its U.S. revenue jumped 32% in the second quarter from the first quarter.