Keyword "RULES:RESULTS" - List of latest news (1 106 results)

13:11 AT&T leans on bundled plans to beat estimates for subscriber additions

AT&T beat Wall Street estimates for wireless subscriber additions in the first quarter on Wednesday, driven by steady demand for its plans that bundled high-speed fiber services and 5G mobile offerings.

03:43 Musk says Tesla's Optimus humanoid robots affected by China's export curbs on rare earths

Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China's export restrictions of rare earth magnets.

23:42 Capital One's first-quarter profit rises on higher interest income

Capital One Financial reported a rise in first-quarter profit on Tuesday, as the consumer lender was helped by a higher income from interest payments on its credit card debt.

23:42 German software maker SAP beats operating profit estimates for first quarter

German software maker SAP on Tuesday reported an adjusted operating profit of 2.5 billion euros ($2.86 billion) for the first quarter of the year that came in above analysts' estimates.

23:42 Baker Hughes beats first-quarter profit on strong demand for natural gas technology

U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for first-quarter profit on Tuesday, helped by robust demand for natural gas technology.

22:56 Tesla's first-quarter auto margin beats estimates, but revenue misses

Tesla reported better-than-expected profitability for its auto business in the first quarter but revenue fell short of expectations as sales of its electric vehicles dropped.

17/04 Netflix quarterly results beat Wall St targets, revenue outlook upbeat

Netflix exceeded Wall Street expectations for quarterly results and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump's erratic tariff plans.

17/04 UnitedHealth shares tank after earnings miss, forecast cut as medical care costs soar

UnitedHealth Group surprised investors with what its CEO said was an "unusual and unacceptable" quarterly earnings miss, and it lowered its outlook for the full year due to higher-than-expected medical costs, sparking a 17% selloff in shares that reverberated across the sector.

17/04 Pernod's sales miss forecasts as tariffs weigh on spirits sector

Pernod Ricard reported a 3% decline in third-quarter sales on Thursday, missing forecasts as tariff uncertainty rocks the already-struggling spirits sector.

17/04 Hermes will raise U.S. prices to fully offset Trump's tariffs, company says

France's Hermes will fully shift the burden of tariffs in the United States to its wealthy clientele, the company said on Thursday, as it posted first-quarter sales that slightly missed market expectations.

17/04 TSMC quarterly profit jumps, upbeat on outlook despite tariff uncertainty

Taiwan's TSMC , the world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.

17/04 Forvia on track to mitigate full exposure to US tariffs, CEO says

Forvia has so far mitigated about 50% of its estimated exposure to U.S. tariffs and is on track to cover the rest, the French automotive supplier's CEO Martin Fischer said in a call on Thursday.

17/04 Breakingviews - Tariffs gone wild yield unbridled earnings outlook

For corporate bean counters, foolish consistency may prove the hobgoblin of little minds. President Donald Trump’s on-again-off-again, tit-for-tat tariff agenda is causing havoc in the C-suite as companies struggle to both evaluate and communicate the damage to the bottom line. With so much up in the air, though, they can probably relax: from Walmart to Delta Air Lines , the ordinarily delicate sc

16/04 Breakingviews - ASML holds up lens to chip sector’s known unknowns

ASML’s lithography machines are renowned for their unmatched precision in manufacturing semiconductors. The $260 billion company’s first-quarter results offer a similarly precise reflection of the deep uncertainty facing the global chip industry as it grapples with U.S. tariffs.

16/04 ASML says tariffs cloud outlook for 2025 and 2026

ASML , the world's biggest supplier of computer chip-making equipment, said on Wednesday that tariffs were increasing uncertainty for its outlook for 2025 and 2026.

15/04 J&J earnings beat estimates on strong cancer drug sales

Johnson & Johnson reported first-quarter revenue and profit above Wall Street estimates on Tuesday, driven by strong cancer drug sales, and provided its first forecast that accounts for trade tariffs imposed by U.S. President Donald Trump.

15/04 Citigroup profit soars as stock trading jumps 23%

Citigroup's profit surged in the first quarter as its traders reaped a windfall from volatile markets that fueled client activity.

15/04 Bank of America's first-quarter profit rises on trading strength

Bank of America's profit rose in the first quarter, as market volatility boosted its trading fees, lifting the shares of the bank up 1.9% before the open.

15/04 LVMH shares slump after luxury giant's Q1 sales miss forecast

LVMH shares sank on Tuesday after the world's largest luxury group posted first quarter revenue that undershot expectations as U.S. shoppers curtailed the purchase of beauty products and cognac while sales in China remained weak.

14/04 LVMH misses sales forecast as core business slumps in first quarter

LVMH's first-quarter revenue undershot expectations, as shoppers in the United States pulled back on beauty products and drinks while sales in China stayed weak, the world's largest luxury group said on Monday.

14/04 Goldman Sachs profit jumps as traders cash in on volatile markets

Goldman Sachs' profit rose 15% in the first quarter, fueled by stock traders who capitalized on volatile markets to bring in record equities revenue, but its CEO warned of a difficult environment ahead.

14/04 Breakingviews - Jamie Dimon’s actions say even more than his words

Jamie Dimon is characteristically carrying an umbrella while some of his peers bask in the sunshine. Despite unveiling healthy first-quarter financial results, JPMorgan’s boss warned on Friday of “considerable turbulence” in the economy and the mega-bank set aside $3.3 billion for potential quarterly loan losses. Wells Fargo fared well, too, but kept provisions flat. Past storms suggest that both

11/04 BlackRock assets hit record but Fink warns of market anxiety

BlackRock's assets increased to a record high value in the first quarter, but the CEO of the world's largest asset manager said anxiety was dominating markets, even if the recent selloff did not pose risks to financial stability.

11/04 Wells Fargo beats profit estimates but CEO warns tariffs could slow growth

Wells Fargo's profit rose 6% in the first quarter as it collected more fees in wealth management and investment banking, but its CEO warned that U.S. tariffs risk slowing economic growth.

11/04 JPMorgan's profit jumps on record stock trading as CEO Dimon sees economic turbulence

JPMorgan Chase topped first-quarter profit estimates on Friday, driven by record equities trading and higher fees from debt underwriting and merger advisory.

10/04 Uniqlo operator Fast Retailing's Q2 profit jumps 33%; raises forecast

The Japanese operator of Uniqlo on Thursday said earnings soared 33% in its second quarter and raised its full-year forecast even after accounting for the impact of U.S. tariffs on its global clothing enterprise.

27/03 H&M reports sluggish start to spring sales

H&M's sales were up just 1% in March after a weaker than expected first quarter, the Swedish fast-fashion retailer reported on Thursday, in a sign of a slow start to its spring and summer season.

27/03 Jefferies profit misses estimates as bond trading, equity underwriting weaken

Jefferies' first-quarter profit missed Wall Street estimates on Wednesday as bond trading weakened and stock market deals were stalled due to uncertainty sparked by shifting U.S. trade policy and geopolitical turmoil.

24/03 First-quarter US earnings outlook looks less rosy with tariff worries in focus

Analysts are turning more cautious on U.S. corporate earnings for the first quarter of this year.

07/03 Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push

Hewlett Packard Enterprise said on Thursday it would lay off 5% of its workforce, or over 2,500 employees globally, as part of a cost-saving program and forecast its second-quarter revenue below Wall Street estimates, triggering a 16.5% drop in shares during aftermarket trading.

07/03 Costco misses quarterly profit estimates on rising merchandise costs

Costco Wholesale would consider making changes to its international supply chain if tariffs from U.S. President Donald Trump lead to big price hikes, Chief Executive Officer Ron Vachris said on a conference call on Thursday.

07/03 Broadcom shares surge as solid forecast eases demand worries for AI chips

Broadcom CEO on Thursday assuaged investor worries about AI chip demand with a strong second-quarter forecast and hinted about new potential customers that could boost revenue in a highly competitive market.

06/03 Air France-KLM surprise profit beat lifts shares to 5-year high

Air France-KLM reported better than expected annual results that sent its shares to a five-year high on Thursday after the airline benefitted from tight cost management and stronger pricing in the fourth quarter.

06/03 Dettol maker Reckitt misses fourth-quarter sales expectations

Reckitt , the maker of Dettol cleaning products and Strepsils throat lozenges, on Thursday missed expectations for fourth-quarter like-for-like net sales as a late flu and cold season dented demand for its over-the-counter medicines.

05/03 Jack Daniel's maker says Canada pulling US alcohol off shelves 'worse than tariff'

Jack Daniel's maker Brown-Forman's CEO Lawson Whiting said on Wednesday Canadian provinces taking American liquor off store shelves was "worse than a tariff" and a "disproportionate response" to levies imposed by the Trump administration.

04/03 Crowdstrike forecasts first-quarter revenue below estimates

Cybersecurity firm Crowdstrike forecast first-quarter revenue slightly below estimates, as it grapples with weak spending on its cybersecurity products.

04/03 Vespa maker Piaggio posts record margin despite 'anomalous' economy

Italy's Piaggio , the maker of the iconic Vespa scooter, reported what it said was its highest ever annual core profit margin of 16.9% on Tuesday, citing tight productivity management.

04/03 Ross Stores forecasts annual sales, profit below estimates on weaker demand

Discount retailer Ross Stores forecast annual sales and profit below estimates on Tuesday, joining its larger peers in indicating a dip in consumer demand due to rising inflationary pressures.

04/03 Target braces for first-quarter profit pressure due to tariffs, low demand

Target warned on Tuesday that uncertainty around tariffs would weigh on the retailer's profit in the first quarter and doubled down on sourcing more of its products from countries including Guatemala.

04/03 Lindt to supply chocolate to Canada from Europe to sidestep tariff hit

Swiss chocolate maker Lindt & Spruengli will supply chocolate to Canada made in Europe to avoid Canadian tariffs imposed to counter the higher U.S. customs duties imposed by President Donald Trump.

19/02 Walmart faces some tariff challenges as Wall Street awaits record-breaking sales

Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere, Walmart executives have said.

24/01 Verizon wireless subscriber growth hits 5-yr high, profit view weak

Verizon Communications on Friday reported its best quarterly wireless subscriber growth in five years, fueled by robust demand for its customizable myPlan, Black Friday deals and trade-in offers for the AI-powered iPhone 16 series.

24/01 US renewable power producer NextEra Energy expanding gas-fired generation

The world's largest renewable power company, NextEra Energy , is partnering with GE Vernova to develop natural gas-fired power generation projects across the United States that will mainly feed AI data centers and other large electricity users, NextEra said on Friday.

24/01 Burberry gets holiday boost thanks to American shoppers

Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by a stronger holiday season in the United States, an encouraging step in the British luxury brand's turnaround efforts.

23/01 Abbott banks on glucose monitors, new launches to ride out China, currency hit

Abbott Laboratories on Wednesday forecast 2025 profit that came in line with Wall Street estimates as it expects new device launches and growing demand for its glucose monitors to offset a hit from weakness in China and a stronger dollar.

23/01 Primark cuts sales outlook after weak Christmas quarter

Associated British Foods downgraded the annual sales guidance for its Primark budget clothing business on Thursday after disappointing results in the Christmas quarter in its main UK and Ireland market.

23/01 Hyundai Motor in GM tie-up talks; sees revenue growth slowing in 2025

Hyundai Motor said on Thursday it is in talks with General Motors to supply commercial electric vehicles to its U.S. peer, as it expects sales growth to halve this year due to softening demand.

23/01 SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.

23/01 United Airlines CEO calls pullback in domestic seats a durable trend

A reduction in airline seats in the domestic market that is fueling U.S. airline earnings is here to stay, United Airlines CEO Scott Kirby said on Wednesday.

22/01 Pipeline operator Kinder Morgan misses estimates for fourth-quarter profit

Kinder Morgan narrowly missed Wall Street's expectations for quarterly profit on Wednesday after the U.S. pipeline and terminal operator was hurt by lower crude and condensate transported through its pipelines.

22/01 Puma launches cost-cutting drive after 2024 net profit disappoints

Sportswear brand Puma announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior year's level, missing its expectations.

22/01 Procter & Gamble tops quarterly results estimates on improving US demand

Procter & Gamble beat second-quarter results estimates on Wednesday, driven by growing demand for its household items such as Pantene shampoos and Tide detergents as product innovations across price tiers helped lure more U.S. customers.

22/01 Halliburton warns of softer North America activity even as quarterly profit beats

Halliburton on Wednesday warned of softer activity in North America this year even as the oilfield giant beat analysts' estimates for fourth-quarter profit helped by higher demand for drilling and pressure pumping services in the North Sea and Asia.

22/01 J&J beats quarterly sales and profit estimates on cancer drug sales

Johnson & Johnson , fresh off a $14.6 billion deal to buy neurological drugmaker Intra-Cellular , reported fourth-quarter sales and profit above Wall Street estimates on Wednesday, driven by strong sales of its cancer treatments.

21/01 Netflix added a record 19 million subscribers in holiday quarter

Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, the company reported on Tuesday.

21/01 Burberry investors watch for signs of sales turnaround

Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand reports sales for the crucial festive season this Friday.

16/01 Polestar expects delayed profitability as EV demand weakens, competition intensifies

Polestar's new CEO said on Thursday it would take longer for the Swedish electric-vehicle maker to be profitable and delayed its expansion of sales to more countries.

16/01 UnitedHealth hit by stubbornly high medical costs, shares fall

UnitedHealth's high medical costs and lower-than-expected revenue in the fourth quarter underscored persistent challenges at its insurance unit, sending the healthcare conglomerate's shares down about 4% before the bell on Thursday.

16/01 Morgan Stanley's profit more than doubles on boost from dealmaking, stock sales

Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record.

16/01 Luxury groups pin hopes on US as China weakness persists

Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and other designer fashions, given forecasts for more market weakness in China.

16/01 Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround

Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.

16/01 TSMC Q4 profit leaps to record on strong demand for AI chips

Taiwan Semiconductor Manufacturing Co reported a 57% leap in fourth-quarter profit on Thursday as demand surges for advanced chips used in artificial intelligence processing.

15/01 Goldman Sachs beats profit estimates as investment banking, trading fuel bumper quarter

Goldman Sachs posted its best profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

15/01 JPMorgan earns biggest-ever annual profit as investment bankers ride rebound

JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter.

14/01 Lindt & Spruengli posts 2024 sales slightly below expectations

Swiss chocolate maker Lindt & Spruengli on Tuesday said its sales grew 7.8% organically last year, coming in slightly below market expectations, hit by record high cocoa prices and weakened consumer sentiment.

13/01 TSMC fourth-quarter profit seen jumping 58% on strong AI chip demand

Taiwan Semiconductor Manufacturing Co , the main global producer of advanced chips used in artificial intelligence applications, is expected to report a 58% leap in fourth-quarter profit on Thursday because of surging demand.

10/01 Delta forecasts strongest profit in its 100-year history

Delta Air Lines said on Friday it expects 2025 to be the most profitable year in the company's 100-year history, thanks to robust demand for premium travel as well as the industry's improved pricing power.

09/01 Uniqlo operator posts higher Q1 profit despite sluggish China results

The operator of the Uniqlo global clothing chain reported first quarter results on Thursday that trailed analyst forecasts as a sharp decline in profit in China overshadowed strong sales in its home market of Japan.

08/01 Jefferies' profit jumps on investment banking windfall

Jefferies Financial's profit more than tripled in the fourth quarter as the investment bank earned higher fees from advising on deals and underwriting activity remained strong, it reported on Wednesday.

08/01 Samsung Q4 profit outlook misses estimates by large margin as chip issues drag

Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia .

03/01 Hyundai Motor, Kia Motor see 2025 sales inch up after missing 2024 targets

South Korea's Hyundai Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% in 2025, after reporting falls in 2024 sales and missing their targets.

21/12 Carnival forecasts robust 2025 bookings as cruise demand booms

Cruise operator Carnival Corp forecast strong bookings for 2025 ahead of the busy summer travel season, riding the wave of strong spending on experiences even as prices increase, sending its shares up about 5% on Friday.

20/12 FedEx to spin off its freight trucking business

FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business.

19/12 Nike profits and sales beat forecasts, shares surge 11%

Nike beat quarterly profit expectations and posted a smaller-than-expected drop in revenue on Thursday, as customers flocked to the embattled sportswear brand's stores and website to buy newly released versions of performance and running shoes.

18/12 Micron's second-quarter forecast disappoints; shares tumble

Micron Technology forecast second-quarter revenue and profit below Wall Street estimates on Wednesday, as weakened prices of memory chips used in handsets and PCs weigh on earnings, sending its shares down 13.6% in extended trading.

18/12 New Nike CEO Hill gets his chance to lay out turnaround plan

Two months into his tenure as Nike CEO, Elliott Hill gets his first shot on Thursday to convince investors he can rescue the flailing sportswear company after a year stained by layoffs and cratering sales.

12/12 Costco beats quarterly sales estimates on steady holiday demand

Costco Wholesale marginally beat Wall Street expectations for first-quarter revenue on Thursday, as more Americans turned to the membership-only retail chain to shop for everything from food to home furnishings for the holiday season.

11/12 GameStop reports third-quarter profit on spending cuts

GameStop reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.

02/12 ADM's earnings report delayed after more accounting errors found

Prices for staple crops like corn and soybeans have slid to near four-year lows, hurting ADM's profits and margins.

28/11 Remy Cointreau braces for sharp drop in annual sales as no sign of US recovery

Remy Cointreau braced investors on Thursday for a bigger than expected fall in annual sales, citing weakness in its key U.S. market where inflation has hit demand and potential tariffs could deal another blow to the spirits maker.

27/11 Nordstrom raises lower end of annual sales outlook, sees uncertain environment

Nordstrom slightly raised its annual comparable sales forecast on Tuesday owing to softness in some categories including footwear and apparel toward the end of October.

26/11 Manchester United posts smaller first-quarter loss on cost cuts

Manchester United on Tuesday reported a smaller adjusted net loss for the first quarter of 2025, helped by cost cuts and benefits from favourable exchange rates.

26/11 Best Buy cuts annual forecasts on weak electronics demand during the holidays

Best Buy cut its annual profit and sales forecasts on Tuesday, signaling a muted holiday shopping season amid sluggish demand for pricey electronics such as televisions and home theater systems.

25/11 Zoom raises annual revenue and profit forecasts, expands share repurchase

Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models.

25/11 Macy's delays Q3 report on accounting issue, sales misses in preliminary results

Macy's on Monday delayed publication of its third-quarter results after discovering an accounting issue related to delivery expenses and instead reported preliminary results in which its sales missed Wall Street expectations.

21/11 Intuit's quarterly forecasts disappoint as delayed promotions weigh on growth

Intuit projected second-quarter revenue and profit below Wall Street estimates on Thursday, indicating that its AI efforts would take longer to pay off and that a planned change in TurboTax promotion timings weighed on growth.

21/11 Gap raises annual sales target betting on steady holiday demand

Gap Inc raised its annual sales forecast on Thursday and said the holiday season was off to a "strong start", sending its shares up nearly 14% in extended trade.

21/11 Nvidia's supply snags hurting deliveries but mask booming demand

Nvidia's revenue forecast on Wednesday disappointed Wall Street, raising questions over whether the artificial intelligence boom is waning. But the answer, according to Nvidia executives, analysts and investors, is a resounding no.

20/11 AI chip leader Nvidia forecasts fourth-quarter revenue above estimates

Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, betting on robust sales of its coveted AI chips, but still failed to meet lofty expectations of investors who have made it the world's most valuable firm.

20/11 Target sees muted holiday quarter as budget-focused shoppers seek value, shares tumble

Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart, sending its shares down 18% in premarket trading.

19/11 Walmart raises annual forecasts, betting on strong holiday shopping

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.

19/11 Nvidia's options primed for $300-billion price swing after earnings

Options traders are primed for a nearly $300-billion swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, U.S. options market data showed.

19/11 Nvidia's Blackwell revenue in focus as sales growth slows

Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and supply chain issues to sell its latest AI chips is likely to be a barometer for its stock price.

18/11 Xiaomi raises EV deliveries goal again on surging demand

China's Xiaomi Corp said on Monday it aimed to deliver 130,000 electric vehicles this year, raising its forecast for the third time as the automaker upstart posted a 30.5% jump in third-quarter revenue.

14/11 Breakingviews - Disney’s new storybook omits Dumbos in the room

Apropos of the company he runs, Bob Iger knows how to tell a tale of adventure. Walt Disney boldly laid out a three-year forecast that details everything from broad earnings growth to profitability projections for its streaming TV services. Although the outlook helped add as much as 10% to its market value, there are some gaping holes in the story.

14/11 'Deadpool & Wolverine' helps Disney beat earnings forecasts

Walt Disney reported earnings that topped Wall Street's estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film "Deadpool & Wolverine," and provided an upbeat forecast for the coming year.

14/11 Burberry puts focus back on trench coats in turnaround plan

Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply.

14/11 Breakingviews - At least Tencent can retreat into a virtual world

There's a least one demographic in China that's opening up their wallets: gamers. That cohort helped power a one-third rise in Tencent's quarterly adjusted earnings, to $8 billion. Outside of this niche, though, fintech and cloud services barely grew. Consumers and companies are holding back splurging in the real world.

14/11 Profit for Colombia's Grupo Aval jumps six fold in third-quarter

Colombian financial conglomerate Grupo Aval reported on Wednesday a more than six-fold increase in its third-quarter net profit, climbing to 415.7 billion Colombian pesos ($94.18 million).

13/11 Federer-backed On lifts annual sales forecast on strong holiday season demand

On Holding raised its annual sales forecast after beating quarterly revenue estimates on Tuesday, driven by strong holiday season demand for its new running shoes such as Cloud X4 and Cloudnova 2 from customers willing to pay full prices.

12/11 Spotify forecasts profit above estimates on cost cuts, steady user growth

Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season, sending its shares up 7.7% after the bell.

12/11 Bayer's shares sink to 20-year low on 2025 earnings fall forecast

Bayer said on Tuesday that weak agricultural markets mean its earnings are likely to fall further next year, sparking a sharp fall in the German company's shares and piling pressure on its CEO to deliver on his turnaround efforts.

12/11 Home Depot raises annual same-store sales forecast

Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations.

12/11 AstraZeneca lifts 2024 revenue and profit forecast after Q3 beat

Drugmaker AstraZeneca lifted its annual sales and profit forecast for the second time in less than four months on Tuesday, helped by resilient demand for its cancer and rare diseases medicines, after third-quarter results beat estimates.

12/11 SoftBank swings back to quarterly profit with $7.7 billion gain

Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.

09/11 IKEA ready for potential tariffs under Trump, CFO says

IKEA has learned from recent supply chain disruptions and is well prepared for potential trade barriers, the owner of the world's biggest furniture brand said on Friday as companies seek to ready themselves for tariffs under Donald Trump's presidency.

08/11 Cartier owner Richemont's profit miss, China caution hit luxury shares

Cartier owner Richemont missed first half profit forecasts and remained cautious about a recovery in China on Friday, sparking a sell-off in European luxury stocks.

08/11 Sony posts 73% jump in Q2 profit, keeps outlook

Sony reported on Friday a 73% rise in group operating profit in the July-September quarter, buoyed by strong sales in its game and network business.

08/11 BA-owner IAG quarterly profit beats forecasts

British Airways-owner IAG's quarterly operating profit jumped 15%, beating forecasts, and it was upbeat on travel demand, forecasting that its strong financial performance would continue for the rest of the year.

08/11 Lucid beats revenue estimates, reaffirms annual production

Lucid beat Wall Street expectations for third-quarter revenue on Thursday and reiterated its annual production forecast as it benefits from strong demand for its luxury electric sedans.

07/11 Pinterest's forecast disappoints investors seeking holiday season ad boost

Pinterest's fourth-quarter revenue forecast failed to impress investors looking for a boost from the holiday shopping season, as bigger online ad sellers largely outperformed, sending its shares down 12% in extended trading on Thursday.

07/11 Airbnb revenue narrowly beats on strong growth in international markets

Vacation home rental company Airbnb narrowly beat estimates for third-quarter revenue on Thursday, helped by strong growth in its Asia-Pacific and Latin American markets, sending its shares soaring as much as 15% in volatile after-hours trading.

07/11 Rivian sticks to gross profit target despite part supply disruption

Rivian stuck to its forecast of achieving gross profit in the fourth quarter even as it reported its first drop in quarterly revenue hurt in part by shortage of a component.

07/11 Nippon Steel seeks to close US Steel deal before Trump returns to White House

Japan's Nippon Steel hopes to close its $15 billion deal to buy US Steel by year-end before Republican Donald Trump retakes the White House in January, a senior executive said, as the acquisition is core to its future growth.

07/11 Under Armour lifts profit forecast on cost savings, shares surge

Under Armour shares shot up 20% premarket on Thursday as the sportswear maker raised its annual profit forecast, betting on lower input costs and cost-saving strategies such as fewer discounts at its own stores and website.

06/11 Elf Beauty lifts annual forecasts on resilient cosmetics demand, shares up

Elf Beauty raised its forecasts for annual sales and profit on Wednesday, betting on its efforts to sell cosmetics such as lip oil and liquid blush at affordable price points in the U.S. and abroad, sending the company's shares up 9% in extended trading.

06/11 Beyond Meat trims upper end of annual revenue forecast on weak faux meat demand

Beyond Meat cut the top end of its annual revenue forecast on Wednesday, as cost-conscious consumers cut back spending on its expensive faux meat products and switched to cheaper alternatives.

06/11 Arm revenue and profit top expectations, powered by iPhone sales

Chip designer Arm Holdings , topped revenue and profit expectations for the second quarter on Wednesday, in part because customers like Apple are using a more profitable version of its next-generation technology.

06/11 Qualcomm forecasts beats estimates, shares jump 8.5%

Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits a wave of launches of flagship Chinese smartphones, and its shares rose 8.5% in extended trading.

06/11 Novo Nordisk's Wegovy weight-loss drug sales beat forecast, shares jump

Novo Nordisk reported forecast-beating third-quarter sales of its popular Wegovy weight-loss drug on Wednesday, reassuring investors worried that demand was slowing and it could lose the race in the fast-growing obesity drug market.

06/11 CVS names former UnitedHealth exec to run Aetna, shares jump

CVS Health on Wednesday named Steve Nelson, a former UnitedHealth insurance head, to run its Aetna business, where rising medical costs in the third quarter caused the company to preannounce an earnings miss last month.

06/11 Novo Nordisk aware of reports 10 people taking compounded weight-loss drug copies died

Novo Nordisk chief financial officer Karsten Munk Knudsen said on Wednesday the company was aware of reports of 10 deaths and 100 hospitalisations of people who had taken compounded copies of its weight-loss and diabetes drugs.

06/11 BMW downplays US tariff fears as car stocks hit multi-year lows

Potential import tariffs under the U.S. presidency of Donald Trump may benefit BMW, its CEO said on Wednesday, even as shares in the German premium carmaker and its rivals plummeted due to concerns the sector would be hurt by escalating trade disputes.

06/11 BMW profit dives, misses expectations due to weak China sales, brake issues

BMW on Wednesday reported a 61% drop in its third-quarter profit that missed analyst expectations because of slumping China sales and brake problems, but said it was on track to meet its adjusted full-year financial outlook.

06/11 M&S expects 'further progress' after first-half profit beat

British retailer Marks & Spencer forecast "further progress" in the balance of the year after reporting a better-than-expected 17.2% rise in first-half profit, helped by market share gains, adding to evidence its latest turnaround plan is working.

06/11 Puma reports Q3 sales increase on rising running and soccer shoes demand

German sportswear maker Puma on Wednesday reported a 5% rise in currency-adjusted sales for the third quarter as it sold more running and soccer shoes.

06/11 Toyota posts first quarterly profit drop in two years

Toyota Motor posted its first quarterly profit drop in two years on Wednesday, as slowing sales and production volume stalled the Japanese automaker's recent record run.

06/11 Honda posts 15% fall in Q2 operating profit, missing forecasts

Japan's Honda Motor reported a surprise 15% drop in second-quarter operating profit on Wednesday, missing analysts' expectations as it suffered a heavy sales decline in China.

05/11 Marathon Petroleum's Q3 profit beats, boosts share buybacks by $5 billion

Oil refiner Marathon Petroleum reported its third-quarter earnings on Tuesday, beating Wall Street estimates on better-than-expected throughput and utilization rates even as global refining margins decline.

05/11 Elf Beauty sales to rise as demand for mass market beauty products grow

Elf Beauty is likely to report revenue growth of nearly 33% for the second quarter, bucking weak demand in the industry as its inexpensive cosmetics edged out competition.

05/11 Hugo Boss seeks to grow in China despite weak demand, CFO says

German fashion house Hugo Boss said on Tuesday it sought to expand its limited exposure to China and build brand visibility over the long run, despite a dent to its third-quarter sales from weak demand in the region.

05/11 Hugo Boss says it won't reach 2025 revenue, profit targets; shares slip

Hugo Boss' on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn't reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading.

05/11 Burger King parent Restaurant Brands misses sales estimates on muted demand

Restaurant Brands missed estimates for quarterly revenue on Tuesday due to weak demand across key businesses such as Tim Hortons, Burger King and international markets including China and the Middle East.

05/11 Coca-Cola Europacific Partners cuts annual sales forecast on weak Europe demand

Coca-Cola Europacific Partners , a bottling unit of Coca-Cola , lowered its annual sales forecast on Tuesday in response to reduced demand for beverages in Europe, as well as weakness in Indonesia linked to the Middle East conflict.

05/11 Nintendo cuts annual profit forecast by 10% as Switch sales slow

Nintendo on Tuesday cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion), as its ageing Switch console loses steam.

05/11 Toyota to post first profit drop in 2 years as demand cools after big run

Toyota Motor is expected to post its first profit drop in two years when it reports second-quarter earnings on Wednesday, signalling cooling demand after a run of robust earnings helped by a consumer shift away from electric vehicles.

04/11 AIG's profit beats estimates on strong underwriting, investment returns

American International Group sailed past Wall Street estimates for third-quarter profit on Monday as the insurer benefited from strong underwriting and higher returns on investments.

04/11 South Korea's SK Innovation expects robust refining margins in Q4

SK Innovation Co Ltd , owner of South Korea's top refiner SK Energy, said on Monday it expects a floor for oil prices and robust refining margins in the fourth quarter due to improved heating demand, solid U.S. economic growth and China's proactive economic stimulus policies.

04/11 Ryanair says fare falls moderating after summer profits plunge

Budget airline Ryanair said on Monday forward bookings were strong and falls in average fares were moderating following a poor summer that saw profits and ticket prices plunge.

01/11 Breakingviews - Oil glut renders industry’s appeal purely relative

When there’s excess oil, as is the case today, it’s easier to pick a winner. Exxon Mobil’s balance sheet and diversification make it appealing, but only on a relative basis. The abundance of crude suggests industry returns will only get weaker.

01/11 Air Canada raises core profit forecast on robust international demand

Air Canada on Friday raised its annual core profit forecast and announced share buybacks, as the country's largest carrier benefits from strong demand for international travel.

01/11 Exxon's $8.6 billion profit beats as volume offsets price weakness

Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources.

01/11 Chevron beats quarterly profit expectations on higher production

Chevron Corp on Friday beat Wall Street estimates for third-quarter profit, helped by higher oil and gas output, but overall earnings fell compared to the year-ago level.

01/11 A year on, Intel's touted AI-chip deals have fallen short

Intel's upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectations.

01/11 Nomura more than doubles profit in quarter overshadowed by scandal

Japan's Nomura Holdings more than doubled its quarterly profit on Friday, marking its sixth straight quarter of growth, bolstered by a strong performance at its wholesale business, even as the bank was dogged by a trading scandal.

31/10 Intel forecasts fourth-quarter revenue above estimates, shares surge

Intel shares climbed more than 12% in extended trading on Thursday after the chipmaker forecast current-quarter revenue above estimates and beat expectations for the third quarter.

31/10 Amazon.com quarterly profits, revenue, beat Wall Street estimates

Amazon.com on Thursday posted third quarter profit and sales that beat Wall Street estimates, sending shares up as much as 6% after the closing bell after they fell during the regular trading session.

31/10 Apple beats Wall Street estimates, supported by iPhone sales

Apple beat Wall Street sales and profit expectations on Thursday for its fiscal fourth quarter, bolstered by strong early sales of iPhone 16, a set of phones designed for new AI features that was released near the end of the quarter.

31/10 Mastercard's profit beats estimates on resilient consumer spending

Payments processor Mastercard reported a better-than-expected profit for the third quarter on Thursday, as customers encouraged by economic stability ramped up their spending.

31/10 Uber shares slide as slowing bookings growth spooks investors

Uber Technologies pointed to a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down 9% in premarket trading.

31/10 Brewers volumes disappoint as drinkers buy less beer

Two of the biggest brewers Anheuser-Busch InBev and Carlsberg sold less than forecast in the third quarter as consumers, particularly in China, cut their spending by drinking less or choosing cheaper beer.

31/10 Comcast tops revenue expectations on Olympics ad boost, blockbuster releases

Comcast beat third-quarter revenue estimates on Thursday, driven by strong box office performance for its studio, higher ad sales during the 2024 Paris Olympics and a smaller-than-expected decline in broadband subscribers.

31/10 TotalEnergies Q3 income hits three-year low as refining margins plunge

French oil major TotalEnergies reported third-quarter adjusted net income at a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings.

31/10 Meta, Microsoft lift AI spending, worrying Wall Street ahead of Amazon results

Big tech including Microsoft and Meta are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested.

31/10 Maersk saw strong demand in Q3 driven by China, Southeast Asia exports

Shipping company Maersk said on Thursday it saw strong demand in the third quarter especially driven by exports out of China and Southeast Asia while the global supply chain continued to be upset by the situation in the Middle East.

31/10 Shell $6 bln profit smashes forecasts as LNG offsets weak refining

Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker oil refining and trading results were offset by higher LNG sales.

31/10 Stellantis Q3 revenues down 27% as company sees progress on inventories

Revenues at Stellantis fell 27% in the third quarter, the automaker said on Thursday as it pushed ahead with steps to address bloated inventories and poor commercial performance which last month led it to cut 2024 forecasts.

31/10 Carlsberg maintains profit forecast despite lower beer volumes in China, France, UK

Brewer Carlsberg reported third-quarter sales in line with expectations on Thursday and said it maintained its full-year earnings forecast despite lower beer volumes in China, France and the UK.

31/10 Samsung posts weaker profit recovery as it misses out on AI boom

Samsung Electronics said its third-quarter profit jumped from a year earlier, but the pace of recovery weakened from the prior quarter as it struggles to cash in on the AI boom that has benefited chip rivals like TSMC and SK Hynix .

30/10 Coinbase posts third-quarter profit on trading strength

Coinbase Global posted a third-quarter profit on Wednesday, helped by strong trading volumes at the exchange as cryptocurrency increasingly becomes a part of the mainstream investment industry following a string of regulatory clearances.

30/10 Starbucks reports drop in comparable sales, earnings as global demand suffers

Starbucks on Wednesday reported a 7% drop in global comparable sales for the fourth quarter as the coffee chain struggles to revive demand for its pricey lattes in the key U.S. and China markets.

30/10 EBay forecasts quarterly revenue below expectations

Ecommerce firm eBay forecast fourth-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products in its key categories like collector's items and refurbished goods, sending its shares down 11% in extended trading.

30/10 Facebook parent Meta projects sharp acceleration in AI costs after results beat Wall Street targets

Facebook owner Meta Platforms beat analysts' estimates for third-quarter revenue and profit on Wednesday, but warned of "significant acceleration" in infrastructure expenses related to its artificial-intelligence buildout, sending mixed signals about whether higher digital ad sales from its core social media business would continue to cover its massive AI investments.

30/10 Microsoft beats quarterly estimates as AI fuels cloud business growth  

Microsoft beat Wall Street estimates for first-quarter revenue and profit on Wednesday as efforts to build data-center capacity and AI-driven demand boosted its cloud business.

30/10 Breakingviews - Breakingviews: Ford’s ride-the-brakes strategy is hard to steer

Ford Motor boss Jim Farley is getting used to owning up to shortcomings.

30/10 Breakingviews - UBS can share more M&A savings with investors

Sergio Ermotti’s integration of Credit Suisse is clearly going well. The only real question is why so few of the touted cost savings seem to be benefitting UBS’s reported operating expenses. To get investors firmly onside, the CEO will have to get far more of the cuts to drop down to the bottom line.

30/10 Eli Lilly misses quarterly profit estimates; shares tumble

Eli Lilly missed Wall Street estimates for third-quarter profit on Wednesday, hurt by higher manufacturing costs and a $2.8 billion acquisition-related charge, sending shares of the U.S. drugmaker down more than 10% premarket.

30/10 Caterpillar cuts annual sales forecast on slowing demand, shares fall

Caterpillar said on Wednesday it expects full-year revenue to be slightly lower from its prior forecast as higher borrowing costs and sticky inflation led to a slowdown in machinery demand, sending the company's shares down 5.3%.

30/10 Google's AI-fuelled gains in cloud bode well for Amazon, Microsoft

Google-parent Alphabet's breakout cloud sales in the July-September quarter bode well for top cloud providers Microsoft and Amazon.com , and signal that market for AI-aided computing power is only growing.

30/10 StanChart to double down on wealth business, trim retail as it lifts outlook

Standard Chartered upgraded key performance targets as its quarterly profit topped market estimates, and said it will double down on its wealth business while slashing back retail banking in a bid to further boost returns.

30/10 GSK warns of lower 2024 vaccine sales after weaker RSV, shingles demand

GSK on Wednesday warned that its vaccine sales would fall this year, after weaker-than-expected sales for its respiratory syncytial virus (RSV) and shingles vaccines in the third quarter, sending its shares 3.5% lower in early trade.

30/10 UBS' third-quarter profit almost double expectations

UBS Group posted on Wednesday third-quarter profit well above forecasts, driven by higher revenue and cost reductions, and said it had completed the first wave of client migrations from Credit Suisse since acquiring its old rival last year.

30/10 Volkswagen third-quarter profit slumps as major overhaul looms

Volkswagen said on Wednesday its third-quarter operating profit plunged 42% as weak performance in the core passenger car unit and high costs, including for model revamps, hit the automaker.

29/10 Reddit shares jump 19% as AI deals boost quarterly revenue forecast

Reddit on Tuesday reported its first quarterly profit and forecast current-quarter revenue above Wall Street estimates, helped by its AI content licensing deals and strong digital advertising spending.

29/10 Snap beats revenue and user growth estimates, announces $500 mln buyback

Snap beat Wall Street expectations for both quarterly revenue and user growth on Tuesday, as the parent company of messaging app Snapchat has been able to lure back some advertisers with better-performing ad features.

29/10 AMD forecasts Q4 revenue below estimates as supply chain constraints weigh

Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of estimates as supply chain constraints hamper its ability to meet strong demand for AI chips, while the PC market grows more slowly than some investors expected.

29/10 Visa profit rises on resilient consumer spending

Visa reported a rise in fourth-quarter profit on Tuesday, thanks to higher spending on its cards.

29/10 EA raises annual bookings forecast as American football titles outperform

Videogame publisher Electronic Arts raised its forecast for fiscal 2025 bookings on Tuesday, helped by strong performance of its sports titles amid a cautious spending environment.

29/10 Google parent Alphabet beats quarterly revenue estimates

Alphabet topped third-quarter revenue expectations on Tuesday, helped by steady growth in its digital advertising business and an AI-driven jump in demand for its cloud services.

29/10 Apple set for biggest revenue jump in two years on iPhone demand in China

Apple is expected to report its biggest quarterly revenue jump in two years on Thursday, with iPhone demand faring better than recent years toward the end of the company's annual release cycle, especially in China.

29/10 Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back

Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker.

29/10 McDonald's global sales fall on muted demand; E. coli outbreak fallout looms

McDonald's posted a steeper-than-expected drop in quarterly global sales, hurt by muted demand across key markets, including Europe and the United States where it is expected to face more weakness as the burger giant reels from a deadly E. coli outbreak.

29/10 Pfizer raises profit forecast after beating third-quarter estimates

Pfizer raised its full-year profit forecast after better-than-expected sales of its COVID-19 treatment helped it beat Wall Street estimates for third-quarter earnings on Tuesday.

29/10 Lufthansa reports 9% drop in third-quarter profit as core brand struggles

German airline group Lufthansa reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines and spiralling costs.

29/10 BP profit slumps to near four-year low as oil demand sags

BP on Tuesday reported a 30% drop in third quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results.

29/10 Novartis lifts 2024 guidance for third time on wider use of its drugs

Swiss drugmaker Novartis raised its 2024 earnings guidance for the third time on Tuesday, driven by wider use of its prescription drugs such as psoriasis and arthritis drug Cosentyx.

29/10 Adidas reports rise in China sales in third quarter

Adidas on Tuesday said it saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection were up on the year on increasing brand momentum.

29/10 HSBC books 10% profit rise for third quarter, launches $3 bln buyback

HSBC Holdings posted a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as its wealth and wholesale banking benefited from slower-than-expected rate cuts while it embarks on one of the largest overhauls in its history.

28/10 Vans-parent VF Corp swings to profit, beats Q2 sales estimates; shares up 16%

Vans parent VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday, benefiting from sequential improvement in its direct-to-consumer business and leaner inventory, sending its shares up about 16% after the bell.

28/10 Automaker Ford beats on quarterly profit but weakens outlook

Ford Motor beat Wall Street's expectations for third-quarter earnings on Monday, but said it expects to meet just the lower end of its full-year guidance for earnings before interest and taxes.

28/10 Microsoft's AI demand under scrutiny as investors seek payday

Microsoft is expected to report its slowest quarterly revenue growth in a year on Wednesday, while investors await signs of AI demand amid growing worries about the slow payoff from hefty investments in the technology.

25/10 NYCB delays profit goal to 2026 after fourth straight quarter of loss

New York Community Bancorp delayed its profitability goal by a year after posting its fourth straight quarterly loss, in a sign of stress from its exposure to commercial real estate despite efforts to cut costs and sell non-core assets.

25/10 Indian low-cost carrier IndiGo swings to first quarterly loss in 2 years

India's IndiGo airline operator Interglobe Aviation swung to its first quarterly loss in two years, weighed down by fuel expenses and growing aircraft rental costs.

25/10 Mercedes car earnings plunge as China shuns luxury

German premium automaker Mercedes-Benz on Friday said third-quarter earnings in the core car division plunged by 64%, massively missing analysts' estimates, as Chinese consumers continued to cut back on luxury goods in a weakening economy.

25/10 Consumer lender Capital One's Q3 profit rises as high interest rates boost income

Capital One reported a 1.6% increase in third-quarter profit on Thursday, as elevated interest rates enabled the consumer lender to earn more from customers repaying credit card debt.

24/10 American Airlines lifts profit view on higher pricing, sales strategy correction

American Airlines lifted its annual profit forecast on Thursday, on improved pricing power and a recovery from the missteps in its sales strategy that led to an exodus of corporate clients.

24/10 Breakingviews - Tesla gives its faithful just enough good news

Tesla has been short on results and long on promises lately. Boss Elon Musk has yet to produce a cheap car for the masses. Market share and profitability have shrunk. Even its supposed bet-the-company project, the Cybercab robotic taxi, left investors cold. That makes Wednesday’s expectations-beating third-quarter results a refreshing, if slight, change, and offers a reed of hope for the Tesla fai

24/10 Dow forecasts weak Q4, sagging demand leads to review of some Europe assets

Chemical company Dow said on Thursday it has begun a review of some of its European assets, and forecast fourth-quarter revenue below market expectations.

24/10 KKR's quarterly profit soars on record-high fee income

Alternative fund manager KKR & Co reported a 58% jump in adjusted net income for the third quarter of 2024, driven by record fee-related income, as well as earnings from its insurance business.

24/10 Harley-Davidson lowers full-year revenue forecast on weak demand

Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company's motorcycles in North America, sending its shares down more than 3% on Thursday.

24/10 Renault beats Q3 forecasts as new launches lift sales

Renault reported an unexpected rise in third-quarter revenue on Thursday, lifting its shares as demand for pricier new models such as Symbioz and Duster SUV hybrids helped the French automaker cope with a weak market.

24/10 Tesla allays investor fears with crucial EV growth forecast, shares jump

Tesla's stock shot up nearly 12% in pre-market trade on Thursday, a day after it forecast surging car sales growth, reassuring investors that CEO Elon Musk was still looking to expand the company's core business of selling electric vehicles.

24/10 Unilever and Danone win back shoppers as price hikes slow

Consumer goods groups Unilever and Danone beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in innovations to win back shoppers who had turned to cheaper brands during a surge in inflation.

24/10 Beiersdorf posts 9-month sales growth, flags China weakness

Nivea maker Beiersdorf on Thursday reported an increase in group sales for the first nine months of 2024, but flagged persisting challenges in the Chinese luxury market.

24/10 Hyundai Motor's Q3 operating profit falls 7%; misses analysts' estimates

Hyundai Motor Co on Thursday reported a 7% fall in third-quarter operating profit, hurt by warranty costs for its Santa Fe SUVs and as a global slowdown in car demand weighed.

24/10 Software firm Dassault Systemes cuts 2024 revenue forecast on auto sector slowdown

French software company Dassault Systemes cut its 2024 revenue growth forecast for the second time in four months on Thursday, citing the slowdown in the global automotive industry.

24/10 Tesla promises paid robotaxis next year, but significant hurdles remain

Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a bold claim likely to face significant regulatory and technical challenges.

24/10 Tequila maker Becle quadruples net profit in third quarter on peso's slump

Mexico's Becle , the world's largest tequila producer, more than quadrupled its net profit in the third quarter, it said on Wednesday, boosted by favorable foreign exchange-rate dynamics.

24/10 Spirit Aero losses deepen, burns cash as Boeing strike bites

Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as a strike by Boeing U.S. factory workers hammered the finances of its biggest supplier.

24/10 Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used in generative AI chipsets.

23/10 T-Mobile beats estimates for wireless subscriber growth, fueled by demand for premium plans

T-Mobile US on Wednesday exceeded Wall Street expectations for quarterly wireless subscriber additions as more customers chose its discounted plans that bundle streaming services like Netflix, sending its shares up 3%.

23/10 Mattel beats profit estimates on cost controls but trims annual sales forecast

Mattel topped Wall Street estimates for quarterly profit on cost cuts, even as the Barbie parent lowered its full-year sales forecast heading into the crucial holiday shopping season against the backdrop of muted demand for toys.

23/10 IBM misses third-quarter revenue estimates as consulting drags; shares fall

International Business Machines missed analysts' estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business.

23/10 Tesla expects slight growth in 2024 vehicle deliveries, shares jump

Tesla said on Wednesday it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected profit margin for the third quarter as raw material costs fell, sending shares up 7% after hours.

23/10 France's Kering warns on 2024 operating profit as Gucci sales fall

Kering warned on Wednesday its 2024 operating income would almost halve to its lowest in years as weak demand in China deepened the struggles of the French luxury goods group's main label Gucci.

23/10 Breakingviews - Deutsche hits bad-debt snag on road to growth

Being the largest bank in Europe’s weakest economy has a downside. Deutsche Bank returned to profit in the three months to Sept. 30, after a large litigation provision had pushed it into the red in the previous quarter. Investors, however, are worried about rising bad-debt provisions, linked to the 31-billion-euro lender’s weak domestic market. That is taking the shine off CEO Christian Sewing’s o

23/10 UPS seen grappling with hit from cheap deliveries ahead of key holiday season

Wall Street expects United Parcel Service to report a rise in adjusted quarterly profit on Thursday, even as concern mounts over stubbornly soft demand for lucrative overnight shipping heading into the vital holiday delivery season.

23/10 General Dynamics' revenue rise on defense, but profits hit by bizjet deliveries

General Dynamics reported a more than 10% rise in third-quarter revenue on Wednesday, driven by strength in its defense unit, but fewer business jet deliveries hurt company profits.

23/10 AT&T exceeds wireless subscriber estimates on demand for premium plans

AT&T gained more wireless subscribers than expected in the third quarter, driven by the steady adoption of its higher-tier unlimited plans that come with perks including increased hotspot data, sending its shares up 3.1% in premarket trading.

23/10 Coca-Cola eyes higher-end of 2024 sales view on resilient soda demand in US

Coca-Cola is aiming to hit the higher end of its organic sales forecast for 2024 as growing demand for its higher-priced sodas and juices in the U.S. helped it post a surprise rise in third-quarter sales on Wednesday.

23/10 Boeing CEO presses turnaround at embattled planemaker as contract vote looms

Boeing CEO Kelly Ortberg laid out a turnaround plan on Wednesday, including a push for a "fundamental culture change," as the struggling planemaker grapples with a crippling strike, mounting debt and heightened cash burn.

23/10 Heineken quarterly revenue slightly ahead of forecasts

Dutch brewer Heineken's third-quarter sales figures beat forecasts on Wednesday, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged.

23/10 Dulux maker AkzoNobel misses Q3 revenue expectations

Dulux paints maker AkzoNobel reported a 3% drop in its third-quarter revenue on Wednesday, below expectations, hit by weaker demand in China and adverse currency effects.

23/10 France's Thales reports higher nine-month sales and orders

France's Thales reaffirmed full-year targets as it posted nine-month sales up 6.2% on an underlying basis, with its new order intake rising 23% led by defence and security demand.

23/10 Roche Q3 sales advance by forex-adj 9%, beating market view

Roche's third-quarter sales gained a currency-adjusted 9%, beating market expectations, on higher prescriptions of once-monthly haemophilia shot Hemlibra and recently launched eye drug Vabysmo.

23/10 Volvo Cars cuts full-year growth outlook on market slowdown

Sweden-based Volvo Cars reported a rise in third-quarter operating profit on Wednesday but cut its full-year sales growth forecast amid accelerating market weakness.

23/10 Deutsche Bank returns to profit in third quarter

Deutsche Bank bounced back to profit in the third quarter, as it released reserves set aside for investor lawsuits over its Postbank division and as its global investment bank fired on all cylinders.

22/10 L'Oreal third quarter sales disappoint as China spends less on beauty

French cosmetics giant L'Oreal reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confidence in China sapped demand for beauty products.

22/10 Philip Morris raises annual profit forecast on strong demand for nicotine pouches

Philip Morris International raised its annual profit forecast after beating third-quarter estimates on Tuesday, betting on higher prices and resilient demand for its heated tobacco products and ZYN nicotine pouches.

22/10 Lockheed Martin lifts profit, sales forecasts on strong demand for weapons

Defense contractor Lockheed Martin on Tuesday joined rival RTX in lifting annual profit and sales forecasts, driven by robust demand for military equipment amid escalating global tensions.

22/10 GE Aerospace raises 2024 profit forecast on strong demand for aftermarket services

GE Aerospace raised its full-year profit forecast for the third time this year on Tuesday, driven by strong demand for aftermarket services from airlines that are relying on older planes to make up for the shortage of newer aircraft.

22/10 GM results exceed Wall Street targets; company is upbeat on full-year earnings

General Motors continued to defy Wall Street's expectations this year, posting third-quarter results ahead of analyst projections on the back of steady gasoline-engine truck and SUV sales and a focus on keeping inventories lean.

22/10 India's Paytm posts narrower Q/Q loss before exceptional item on payments business recovery

India's Paytm reported a narrower sequential quarterly loss before exceptional items on Tuesday, as its digital payments business recovers from the central bank-ordered winding down of its banking unit earlier this year.

21/10 GM, Ford brace for investor scrutiny over pricing power, EV losses

General Motors and Ford Motor will likely have a tough time convincing investors when they report results that Detroit's pricing power for gasoline cars is still strong and losses from their EV ventures are dwindling.

21/10 Netflix hits record high as strong subscriber additions ease growth worries

Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.

11/09 Manchester Utd pledges to improve on and off the pitch after fifth year of losses

Manchester United's new chief said on Wednesday the club was working towards improving performance on and off the pitch after posting a fifth consecutive year of net losses following a poor 2023-24 season.

10/09 GameStop reports decline in revenue as online purchases hit videogame retailer

Videogame retailer GameStop reported a fall in second-quarter revenue on Tuesday, as consumers moved away from traditional brick-and-mortar stores to online purchasing.

05/09 Broadcom forecasts lukewarm quarterly revenue despite AI chip surge, shares fall

Chipmaker Broadcom forecast fourth-quarter revenue slightly below Wall Street expectations on Thursday, hurt by sluggish spending in its broadband segment.

05/09 Dollar Tree cuts annual forecasts after dour quarter on weaker demand; shares drop

Dollar Tree joined main rival Dollar General in cutting annual forecasts after missing quarterly estimates on Wednesday as the discount store operator struggles to attract price-sensitive shoppers amid rising competition.

04/09 Breakingviews - Clouds gather over China’s needed solar mergers

When $12 billion Tongwei , one of the world’s largest polysilicon and solar panel makers, announced plans last month to spend about $700 million to take control of its smaller rival, Runergy, it sparked hopes that much-needed consolidation in China’s badly oversupplied solar sector might finally be kicking off.

04/09 African drugmaker Aspen bets on GLP-1 drugs to boost profit

Aspen Pharmacare fell short of its targeted mid-single digit growth in core profit on Tuesday, but is betting on GLP-1 drug contracts to boost future earnings.

30/08 Breakingviews - Nvidia drives path Tesla would find familiar

Chipmaker Nvidia has become huge with astonishing speed. In that sense it’s a bit like electric carmaker Tesla . Both have boasted a huge lead in an industry that is creating dramatic transformation. And both are dealing with production hiccups and uncertainty over just how big their markets can become. The larger Nvidia gets, the higher the stakes.

30/08 Ulta Beauty lowers annual forecasts on slowing demand for beauty products

Ulta Beauty cut its annual sales and profit forecasts on Thursday, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores.

30/08 Chipmaker Marvell Tech beats quarterly revenue estimates amid AI surge

Chipmaker Marvell Technology surpassed expectations for quarterly revenue and forecast third-quarter results above Wall Street estimates on Thursday, on the back of strong demand for its electro-optics products and an increase in custom AI programs.

30/08 Lululemon to fast-track hot new styles after 'Breezethrough' fiasco

Eager to move on from embarrassing reviews of its "Breezethrough" leggings that led Lululemon Athletica to pull them off shelves, the pricey athleisure maker on Thursday promised to fast-track hot styles to the market.

30/08 Dell raises forecasts as demand surges for Nvidia powered AI servers

Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia's powerful chips, sending its shares up about 3% in extended trading.

29/08 Best Buy lifts annual profit forecast as cost controls pay off

Best Buy raised its annual profit forecast on Thursday, as tighter controls on costs help the electronics retailer more than offset the impact from steeper discounts and promotions.

29/08 Pernod Ricard forecasts return to growth in 2025

France's Pernod Ricard on Thursday forecast its sales will grow again next year even as challenges in the U.S. and Chinese markets persist, after reporting an annual 1% drop largely in line with forecasts and its own guidance.

29/08 CrowdStrike cuts forecasts as Windows outage weighs on new deals

Cybersecurity firm CrowdStrike cut its revenue and profit forecasts on Wednesday in the aftermath of a July global outage due to its faulty software update, and said the environment would remain challenging for about a year.

29/08 Nations building their own AI models add to Nvidia's growing chip demand 

Nations building artificial intelligence models in their own languages are turning to Nvidia's chips, adding to already booming demand as generative AI takes center stage for businesses and governments, a senior executive said on Wednesday.