The Latest Breaking News from North America

LKQ Corp (NASDAQ:LKQ) reported first-quarter FY22 sales growth of 5.6% year-on-year to $3.35 billion, marginally above the consensus of $3.30 billion. Revenue in North America rose 14.2% Y/Y, and Europe increased 1.8%. Gross margin for the quarter compressed 30 basis points Y/Y to 40.5%. Operating margin contracted 60 basis points to 11.1%, and…

Volkswagen AG (OTC:VWAGY) plans to expand its Chattanooga plant in the U.S. to produce an electric pick-up and the new ID.Buzz microbus, Reuters reported. The move is expected to grow the company’s market share in North America. The carmaker plans to invest at least $7.1 billion over the next five years in…

Mattel Inc (NASDAQ:MAT) reported first-quarter FY22 sales growth of 19% year-on-year, to $1.04 billion, beating the consensus of $917.95 million. North America segment sales rose 26% Y/Y, and International sales grew 16%. Worldwide Gross Billings for Dolls increased 4% Y/Y, Infant, Toddler, and Preschool rose 12%, Vehicles jumped 31%, and Action Figures, Building…

Trinity Industries Inc (NYSE:TRN) reported first-quarter FY22 revenue growth of 42.9% year-over-year to $472.7 million, missing the consensus of $491 million. Adjusted EPS improved to $0.03 from $0.01 in 1Q21, missing the consensus of $0.16. Adjusted operating profit declined 5.5% Y/Y to $48.4 million, and margin contracted by 524 bps to 10.2%.…

United Microelectronics Corp (NYSE:UMC)  reported first-quarter FY22 revenue growth of 34.7% year-on-year to $2.22 billion, missing the consensus of $2.26 billion. Revenue contribution from 40nm and below technologies represented 38% of wafer revenue. Wafer shipments declined 1.3% Q/Q to 2,513K, while quarterly capacity grew to 2,420K 8-inch equivalent wafers. The overall utilization rate…

Ted Baker has received "a number" of proposals from potentially interested suitors, it said on Wednesday, after the fashion retailer put itself up for sale earlier this month. The British firm, which has nearly 400 locations mostly in Europe, North America and the United Kingdom, launched a formal sale process…

Last week, Benzinga’s Psychedelics Capital Conference brought a premier gathering of the biggest publicly traded psychedelics companies in North America with forward-thinking investors to Miami, where the hottest topic seemed to revolve around LSD and derivative molecules.

Travelzoo (NASDAQ:TZOO) reported first-quarter FY22 revenue growth of 29% year-on-year to $18.5 million, beating the consensus of $16.7 million. North America business segment revenue increased 19% Y/Y to $11.7 million. Europe business revenue climbed 66% Y/Y to $5.9 million.  Jack's Flight Club revenue decreased 7% Y/Y to $0.82 million. As of March 31,…

The price of shares of the premier North American transportation solutions specialist Daseke (DSKE) have gained in double digit percentage terms over the past year, outperforming the benchmark indexes. And as global supply chain disruptions continue, analysts expect DSKE's financials to improve in the coming months. We think that given…

Long Live Montero tour begins in North America later this year

The news comes just days after it was revealed the Geordie musician will be joining Florence and the Machine this September for a series of US gigs