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    1.7 tons of beef product recalled due to possible E. coli contamination

    1.7 tons of beef product recalled due to possible E. coli contamination

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

  • NYSE
    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

  • NASDAQ
    Nikola to sell stock at 20% discount to record low price

    Nikola to sell stock at 20% discount to record low price

    Zions Bancorp N.A. stock falls Thursday, underperforms market

    Zions Bancorp N.A. stock falls Thursday, underperforms market

    Helbiz Stock Plunges on Reverse Split, New Business Model

    Helbiz Stock Plunges on Reverse Split, New Business Model

    Micron Tech Expected to Post 2Q Loss, Lower Rev

    Micron Tech Expected to Post 2Q Loss, Lower Rev

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    1.7 tons of beef product recalled due to possible E. coli contamination

    1.7 tons of beef product recalled due to possible E. coli contamination

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

  • NYSE
    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

  • NASDAQ
    Nikola to sell stock at 20% discount to record low price

    Nikola to sell stock at 20% discount to record low price

    Zions Bancorp N.A. stock falls Thursday, underperforms market

    Zions Bancorp N.A. stock falls Thursday, underperforms market

    Helbiz Stock Plunges on Reverse Split, New Business Model

    Helbiz Stock Plunges on Reverse Split, New Business Model

    Micron Tech Expected to Post 2Q Loss, Lower Rev

    Micron Tech Expected to Post 2Q Loss, Lower Rev

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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EV startup Canoo narrows quarterly loss, discloses SEC probe

Editorial Staff by Editorial Staff
May 17, 2021
0
EV startup Canoo narrows quarterly loss, discloses SEC probe

Shares of Canoo Inc. GOEV, +3.42% fell in the extended session Monday after the electric-vehicle startup reported a narrower-than-expected quarterly loss and disclosed it is being investigated by the Securities and Exchange Commission. Canoo said it lost $15.2 million, or 7 cents a share, in the first quarter, compared with a loss of $30.9 million, or 37 cents a share, in the first quarter of 2020. FactSet consensus, drawn from three analyst estimates, called for a GAAP loss of 21 cents a share for the quarter. Canoo said it ended the quarter with $641.9 million in cash and equivalents. “We are on track to start production in 2022 and ramp to 15,000 units in 2023,” Chief Executive Tony Aquila said in a statement. Canoo’s planned-for vehicles include a delivery van and a pickup truck. The stock ended the regular trading day up 3.5%. Canoo went public in December after a reverse merger with a blank-check company. In the earnings call, Aquila said the SEC recently notified the company it is conducting a “fact-finding inquiry,” and declined to take questions about the matter.

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Facebook Inc. Cl A stock falls Monday, still outperforms market

Facebook Inc. Cl A stock falls Monday, still outperforms market

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POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

June 17, 2021
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Baby gear products recalled in Canada, U.S., due to strangling hazard

Baby gear products recalled in Canada, U.S., due to strangling hazard

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Philip Morris International Inc. stock falls Friday, underperforms market

August 15, 2022
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DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

March 30, 2023
Freeport-McMoRan 4Q Profit Falls as Copper Prices Decline

Freeport-McMoRan 4Q Profit Falls as Copper Prices Decline

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1.7 tons of beef product recalled due to possible E. coli contamination

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