AppLovin (APP) shares are climbing Thursday after the mobile app advertising company posted strong fourth-quarter earnings results and issued an upbeat 2024 outlook, fueled by holiday ad demand. Penn Entertainment (PENN) stock is declining following a fourth-quarter revenue miss reported by the gaming and sports betting company. Ford (F) CEO Jim Farley explains the company's growth strategy and the need to price new EVs higher due to production costs. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
AppLovin (APP) shares are climbing Thursday after the mobile app advertising company posted strong fourth-quarter earnings results and issued an upbeat 2024 outlook, fueled by holiday ad demand.
Penn Entertainment (PENN) stock is declining following a fourth-quarter revenue miss reported by the gaming and sports betting company.
Ford (F) CEO Jim Farley explains the company's growth strategy and the need to price new EVs higher due to production costs.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Reuters
Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the door to collaboration with other automakers to cut EV battery costs. BYD and other low-cost Chinese electric vehicle makers are now one of the biggest challenges to Ford's global business, Farley said at a conference hosted by Wolfe Research. Ford has projected it will lose $5 billion to $5.5 billion on its EVs this year.
Bloomberg
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Barrons.com
Shares of AppLovin were flying after the app-monetization company filed strong quarterly earnings and guidance. Artificial intelligence, Wedbush analysts Nick McKay and Michael Pachter argue. “Simply put, the new AI-based engine is driving more efficient ad spending for AppLovin’s clients, the bulk of which are in the mobile gaming industry at this point,” they wrote on Thursday.
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