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Latest in Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

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  • Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

    Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

    The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.
    Business - The Wall Street Journal - 3 days ago

  • Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold

    Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.
    Business - CNBC - 6 days ago

  • Honeywell’s stock falls as sales miss and lowered guidance offsets profit beat

    Honeywell International Inc.’s stock fell 2.5% early Thursday, after the aerospace and technology company missed third-quarter sales estimates and lowered its guidance, offsetting a profit beat.
    Business - MarketWatch - October 24

  • ABB Posts Higher Profit, Raises Margin Guidance

    The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.
    Business - The Wall Street Journal - October 17

  • Tele2 Posts Higher Profits; Backs Targets

    Tele2 reported a slightly higher third-quarter net profit, helped by growth in revenue from its core telecommunications services, though revenue and underlying earnings were a touch below ...
    Business - The Wall Street Journal - October 22
  • Honda Motor Cuts Forecasts for Car Sales, Profit

    Honda Motor Cuts Forecasts for Car Sales, Profit

    The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.
    Business - The Wall Street Journal - November 6
  • US consumers cut back on spirits as cost of living pressures bite

    US consumers cut back on spirits as cost of living pressures bite

    Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whisky
    Business - Financial Times - October 22

  • 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

  • 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 - November 5

  • 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 - November 5
  • Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

    Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

    The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.
    Business - The Wall Street Journal - November 6

  • PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

    PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.
    Business - The Wall Street Journal - October 17
  • Rivian Reassures Investors With Cost Cuts, Green Credit Sales

    Rivian Reassures Investors With Cost Cuts, Green Credit Sales

    Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.
    Business - Inc. - 5 days ago

  • Chris Wallace exits CNN as post-election cost-cutting begins

    Wallace moved from Fox News to CNN in late 2021 to be a host on its short-lived streaming service. He hosts "Who's Talking to Chris Wallace?"
    Entertainment - Los Angeles Times - 2 days ago

  • Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts

    Following comments on Google's earnings call about continuing cuts, employees wanted answers at the company's latest all-hands meeting.
    Business - CNBC - November 1
  • 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 - October 30

  • American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

    American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.
    Business - CNBC - October 24

  • Coca-Cola tops earnings estimates, as higher prices offset sluggish demand

    Shares of Coke have climbed 18% this year, raising the company's market value to nearly $300 billion.
    Business - CNBC - October 23

  • Roche Increases Dividend on Higher Sales

    Roche said it would increase its dividend after its hemophilia injection Hemlibra and multiple sclerosis treatment Ocrevus lifted sales in the first nine months of the year.
    Business - The Wall Street Journal - October 23
  • Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes

    Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes

    The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.
    Business - The Wall Street Journal - 4 hours ago
  • Businesses Ready Price Hikes on Imports to Offset Trump Tariff Costs

    Businesses Ready Price Hikes on Imports to Offset Trump Tariff Costs

    Many manufacturers and retailer relying on imports are already planning to pass on the added expenses from proposed protectionist duties to customers.
    Business - Inc. - October 31

  • Tesla Surprises Wall Street With Strong Third-Quarter Results

    The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.
    Business - The Wall Street Journal - October 24
  • Vodacom Group Earnings Hit by Higher Costs

    Vodacom Group Earnings Hit by Higher Costs

    The mobile phone operator, majority-owned by Vodafone, reported a fall in net profit for the first half of the year as it booked a number of costs in its accounts.
    Business - The Wall Street Journal - 3 days ago

  • Russia Explores Plan to Merge Oil Giants Into Mega Producer

    The resulting company would be the world’s second-largest crude producer, behind Saudi Arabia’s Aramco, and would pump almost three times the output of Exxon Mobil.
    World - The Wall Street Journal - 5 days ago

  • Qatar Pauses Efforts to Mediate Stalled Gaza Cease-Fire

    The Gulf state’s move reflects frustration with the lack of progress by Hamas and Israel.
    World - The Wall Street Journal - 4 days ago

  • The Russia-Ukraine War Intensifies, With Drone Attacks, Foreign Troops and Record Losses

    The surge in fighting occurs as President-elect Donald Trump pledges to end the conflict.
    World - The Wall Street Journal - 3 days ago

  • Santander's Profit Beats Expectations on Lower Provisions, Costs

    Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...
    Business - The Wall Street Journal - October 29

  • DHL Owner Net Profit Falls on Costs

    Deutsche Post reported a lower net profit on higher costs and said it expects earnings to grow in the fourth quarter, even in a muted economic environment.
    Business - The Wall Street Journal - November 5
  • Vistry shares plunge as cost overruns hit profits

    Vistry shares plunge as cost overruns hit profits

    UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costs
    Business - Financial Times - 6 days ago

  • Coca-Cola’s stock falls as unit case volume surprisingly falls after ‘poor’ July

    Coca-Cola’s stock turns lower as earnings beat expectations because another big increase in price helped offset a surprise decline unit case volume.
    Business - MarketWatch - October 23

  • Exxon Mobil’s profit beat offsets revenue shortfall in first quarter after Pioneer Natural deal

    Exxon Mobil Corp.’s third-quarter earnings on Friday showed a profit beat that offset a revenue miss, while the company boosted its quarterly dividend by 4%.
    Business - MarketWatch - November 1
  • Volvo Cars says it will not support Northvolt as it slashes sales guidance

    Volvo Cars says it will not support Northvolt as it slashes sales guidance

    Swedish group says it will not invest in its battery group partner amid softening demand for vehicles in key markets
    Business - Financial Times - October 23
  • How are investors preparing for the Budget?

    How are investors preparing for the Budget?

    Executives are seeking to minimise their exposure ahead of what could be the biggest tax-raising statement for a generation
    Business - Financial Times - October 29

  • Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

    Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.
    Business - CNBC - October 24

  • Ozempic maker Novo Nordisk nudges higher profit forecast

    Novo Nordisk on Wednesday nudged higher its outlook for the year as the drugmaker registered another quarter of strong sales of its weight-loss drugs.
    Business - MarketWatch - November 6

  • Expect Higher Costs for Your Health Care Benefits Next Year

    Employers are predicting an increase of as much as 9 percent, on average, but are generally avoiding passing along much of that to their employees, industry groups say.
    Business - The New York Times - November 1
  • Kering warns on profit as Gucci sales plunge

    Kering warns on profit as Gucci sales plunge

    French luxury group grapples with turnaround at its biggest brand as demand dips in Asia
    Business - Financial Times - October 24
  • Volkswagen profit plunges 64% as China sales slide

    Volkswagen profit plunges 64% as China sales slide

    Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains
    Business - Financial Times - October 30
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Topics
  • Continental Posts Higher
  • Posts Higher Profit
  • Higher Profit Cost
  • Profit Cost Cuts
  • Cost Cuts Offset
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