Earnings News Updates

FedEx Corp. reported strong fourth-quarter and full-year earnings on June 23 that were close to meeting Wall Street expectations.

Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.

Amazon .com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.

Wabash reported higher profits and sales during the first quarter as motor carriers and shippers rushed to purchase trailers to meet strong freight demand.

Canadian National Railway experienced an increase in revenue but a decline in earnings during the first quarter, the company reported April 26.

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

DETROIT — Tesla reported April 20 that its first-quarter net earnings were more than seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.

CVG, a supplier to the commercial vehicle industry and others, reported increased net income and revenue in the fourth quarter on the strength of its vehicle solutions business, its largest segment.

Vehicle leasing and rental company Ryder System Inc. on Feb. 16 reported strong fourth-quarter and full-year 2021 earnings that easily exceeded Wall Street analysts’ expectations.

GXO Logistics saw revenue grow 19% to $2.3 billion during the fourth quarter of 2021, the company reported Feb. 15.