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Latest in ADM Discloses More Accounting Issues, Cuts Profit Outlook

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  • ADM Discloses More Accounting Issues, Cuts Profit Outlook

    The agriculture company disclosed more accounting problems and will amend some past financial results while slashing its profit forecast for the year.
    Business - The Wall Street Journal - 8 hours ago

  • Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

    Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.
    Business - The Wall Street Journal - October 25

  • ING Lifts Outlook After Profit Beat

    ING raised its total income outlook for the year and said it would distribute up to $2.7 billion to shareholders after net profits topped expectations.
    Business - The Wall Street Journal - 5 days ago

  • STMicroelectronics Cuts Outlook Again on Continued Weak Demand

    STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.
    Business - The Wall Street Journal - 5 days ago

  • Smith & Nephew cuts outlook on China weakness

    FTSE 100 medical manufacturer reports price pressures and worse-than-expected demand
    World - Financial Times - 4 days ago

  • UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

    UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...
    Business - MarketWatch - October 15
  • NHS in England to receive £1.5bn next year to boost appointments

    NHS in England to receive £1.5bn next year to boost appointments

    Fresh funding comes as part of wider package which will be set out by Reeves in Budget on Wednesday
    Business - Financial Times - October 28

  • PayPal beat big on a profit metric, but here’s why its stock is falling

    PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”
    Business - MarketWatch - 6 days ago

  • ConocoPhillips stock rises on Q3 earnings profit beat, robust outlook

    ConocoPhillips shares rose 2.8% in premarket trades Thursday after the oil giant reported better-than-expected third-quarter earnings and gave robust production guidance.
    Business - MarketWatch - 5 days ago
  • In Botswana’s Election, Diamond Profits Are a Defining Issue

    In Botswana’s Election, Diamond Profits Are a Defining Issue

    The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.
    World - The New York Times - 6 days ago

  • Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss

    The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.
    Business - The Wall Street Journal - October 22

  • IMF warns on China's property market worsening as it cuts country's growth outlook

    In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.
    Business - CNBC - October 23

  • Huntington Ingalls' Shares Tumble on Outlook Cut, Navy Contract Delay

    The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.
    Business - The Wall Street Journal - 4 days ago
  • Federal Reserve to Cut Rates Again Despite Unclear Post-Election Outlook

    Federal Reserve to Cut Rates Again Despite Unclear Post-Election Outlook

    Two days after the election, the Federal Reserve will cut rates again.
    Business - Inc. - Yesterday
  • Ryanair profit drops as airline cuts passenger forecast

    Ryanair profit drops as airline cuts passenger forecast

    European low-cost carrier blames pressure on consumers for fall in fares
    Business - Financial Times - Yesterday
  • You Have More Accounting Options Than You Might Think

    You Have More Accounting Options Than You Might Think

    Intuit QuickBooks is the established behemoth, while Xero is a dynamic up-and-comer. Either could be a good fit for your business.
    Business - Inc. - October 21

  • JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses

    JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.
    Business - MarketWatch - 6 days ago

  • EBay’s sales outlook comes in weaker, and stock falls more than 7%

    EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.
    Business - MarketWatch - 5 days ago

  • Procter & Gamble’s stock slips as profit beat, steady outlook offset a sales miss

    Shares of Procter & Gamble Co. fell 1.2% in premarket trading Friday, after the consumer packaged-goods company reported fiscal first-quarter profit that beat expectations and maintained its ...
    Business - MarketWatch - October 18

  • Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing

    Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film ...
    Business - MarketWatch - October 24

  • Royal Caribbean CEO: Americans are ‘wealthier than ever’ and love to travel

    Royal Caribbean’s stock pulls back from a record after revenue, profit outlook for the current quarter disappoint.
    Business - MarketWatch - 6 days ago

  • Microsoft CFO says OpenAI investment will cut into profit this quarter

    Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.
    Business - CNBC - 5 days ago
  • Nomura profits surge as chief takes pay cut over trading scandal

    Nomura profits surge as chief takes pay cut over trading scandal

    Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversy
    Business - Financial Times - 4 days ago

  • Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

    Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
    Business - CNBC - 6 hours ago

  • Nintendo cuts profit guidance on reduced Switch sales forecast

    Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.
    Business - MarketWatch - 4 hours ago

  • CVS cuts outlook yet again — while swapping out CEO for a company veteran

    “The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.
    Business - MarketWatch - October 18
  • Early 2025 Third Base Outlook: Mark Vientos' power provides difference-making potential, and more

    Early 2025 Third Base Outlook: Mark Vientos' power provides difference-making potential, and more

    Chris Towers highlights Jordan Westburg as one of his biggest rankings movers
    Sports - CBS Sports - October 25

  • Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

    The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.
    Business - The Wall Street Journal - 4 days ago
  • Truck maker Volvo's Q3 adjusted profit falls more than expected

    Truck maker Volvo's Q3 adjusted profit falls more than expected

    Adjusted operating profit was 14.1 billion crowns ($1.34 billion against a year-earlier 19.3 billion and a mean forecast in an LSEG poll of analysts of 15.6 billion, on a sales drop of 12%. Volvo ...
    Sports - Yahoo Sports - October 18

  • Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress

    The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.
    Business - CNBC - October 23
  • Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

    Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

    German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market
    Business - Financial Times - October 25

  • Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

    The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses
    Business - MarketWatch - 6 days ago

  • Estée Lauder’s stock heads for record selloff after profit warning, dividend cut

    Consumer sentiment in China worsened, driving weak prestige beauty and Asia travel retail sales.
    Business - MarketWatch - 5 days ago

  • Fed’s Waller calls for rate cut caution after ‘disappointing’ data

    Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcome
    World - Financial Times - October 15
  • Target cutting prices on 2,000 items for cash-strapped shoppers ahead of the holidays

    Target cutting prices on 2,000 items for cash-strapped shoppers ahead of the holidays

    Target is lowering prices on more than 2,000 items across an array of categories in a bid to offer more discounts to cash-strapped customers as the holiday season approaches.
    Top stories - NBC News - October 22
  • Small Business Owners More Confident About Borrowing After Rate Cut

    Small Business Owners More Confident About Borrowing After Rate Cut

    Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.
    Business - Inc. - 6 days ago

  • Eli Lilly's quarter was messy. What to do with the stock is more clear-cut

    We're upgrading our rating on the drugmaker to a buy-equivalent 1.
    Business - CNBC - 5 days ago

  • Spirit Airlines furloughs more pilots as part of efforts to cut costs

    Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...
    Business - MarketWatch - 5 days ago

  • Wayfair customers are more price conscious, have cut spending as election nears

    Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.
    Business - MarketWatch - 3 days ago
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Topics
  • ADM Discloses Accounting
  • Discloses Accounting Issues
  • Accounting Issues Cuts
  • Issues Cuts Profit
  • Cuts Profit Outlook
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