BYD announced that it expects its Q3 profit to jump 365% year over year to about $764 million despite higher raw material costs. The automaker previously said it delivered 538,704 EVs and plug-in hybrid vehicles in the third quarter, nearly tripling its deliveries from the same period a year earlier.
For the third quarter, PNC’s earnings per share, excluding certain items, came in at $3.78, versus an average estimate of $3.69. This was a significant improvement over the $3.30 per share the bank earned a year ago. Moreover, the bank’s net interest income jumped to $3.48 billion in Q3 from $2.86 billion during the same period a year earlier.
The streaming giant added 2.4 million new subscribers in Q3, more than double the 1 million subscriber additions it was forecasting. And it is predicting it will add another 4.5 million subscribers in the fourth quarter. Netflix also posted better-than-expected profits and revenue, earning $3.10 a share on $7.9 in revenue.
In the second quarter, the company saw EBITDA jump 35% year over year to $186 million JKS stock has held up much better than the broader market this year, losing just 0.3%. However, shares are down 40% from their 52-week high, made in early July. JKS stock trades with an attractive price-earnings ratio of 8.4.
The company said demand has been high and it anticipates the G9 could become its best-selling vehicle to date. The G9 starts at around $44,000, which is lower than similar offerings from competitors. Meanwhile, XPeng is currently testing an advanced driver assistance system in urban driving scenarios. The company is expected to turn a profit in 2024. Shares trade with a price-sales ratio of just 1.8.
For the second quarter, the Dutch semiconductor designer reported a 28% year-over-year increase in revenue to $3.3 billion. current quarter of $3.35 billion to $3.5 billion in sales. Non-GAAP gross profits were $1.92 billion in Q2, up 32% from a year ago. The rise of connected cars, advanced driver-assistance systems and autonomous vehicles should benefit NXP for the foreseeable future. After a 38% year-to-date decline, shares trade with a very low forward price-earnings ratio of 9.8.
Better-than-expected trading results led the company to earn $8.25 a share on nearly $12 billion in revenue According to Goldman, the bank ranked first globally in announced and completed mergers and acquisitions, as well as in equity and equity-related offerings so far in 2022. GS stock has an attractive forward price-earnings ratio of 7.9, and shares have a 3.2% dividend yield.