BYD (1211 HK) Q1 2026 (CNY): Revenue 150.23bln (exp. 140.4bln), Net Income 4.08bln, -55% Y/Y, R&D Expenses 11.34bln (exp. 11.93bln)
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Coca-Cola Company (KO) Adj. EPS 0.86 (exp. 0.81), Revenue 12.5bln (exp. 12.24bln)
Ahead of the UK Privileges Committee debate, The Times Swinford reports "Morgan McSweeney says that he was concerned that Lord Mandelson was not telling the ‘full truth’"
BYD (1211 HK) Q1 2026 (CNY): Revenue 150.23bln (exp. 140.4bln), Net Income 4.08bln, -55% Y/Y, R&D Expenses 11.34bln (exp. 11.93bln)
UK sells GBP 1.25bln 4.25% 2032 Gilt Tender: b/c 3.67x (prev. 4.17x), average yield 4.575% (prev. 3.952%), tail -- (prev. 0.1bps)
California’s billionaire tax has the signatures to make the ballot, backers say, WSJ reports
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Context
BYD's Q1 results indicate a revenue beat relative to expectations, signaling stronger sales than anticipated. However, the substantial year-over-year drop in net income raises concerns about profitability and could point to increased competition or rising costs in the sector. The slight miss in R&D expenses suggests ongoing investment, but if the profitability decline persists, it could impact future growth prospects and investor sentiment.
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