Today’s Hottest Earnings Reports: Lucid, Realty Income, Disney, and More

The first-quarter earnings season continued with Lucid Motor (LCID) posting its expectedly weak results. The EV firm posted revenue of $172.74 million, up by 15.6% Y/Y yet it lost 30 cents a share.In Q1, Lucid produced 1,728 vehicles and plans to produce 9,000 for the year. The 1,967 delivery is up by 39.9% Y/Y. It has ample liquidity after raising $1.0 billion and ended the quarter with $5.03 billion.Dividend investors will appreciate Realty Income (O) results. The firm posted funds from operations of $1.05 billion. For FY 2024, expect the firm to post $4.22 a share.Watch the market’s…

Korea Leads Asia Gains, RBA Stands Pat

South Korean stocks led gains in Asia-Pacific markets on Tuesday after Wall Street rose overnight on expectations that the Federal Reserve could cut interest rates soon.In Japan, the Nikkei 225 index returned from holiday in a big way, leaping 599.03 points, or 1.6%, to 38,835.16.In Hong Kong, the Hang Seng Index doffed 98.93 points or 0.5%, 18,478.37, to end a 10-day streak of gains.Markets in Korea surged, powered by heavyweights Samsung Electronics and SK Hynix. The Reserve Bank of Australia held its benchmark lending rate at 4.35% for the fourth meeting in a row.CHINA In Shanghai, the CSI…