Latest in Marks & Spencer Beats Profit Views, Warns of Persistent Challenges
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Marks & Spencer Beats Profit Views, Warns of Persistent Challenges
Marks & Spencer reported profit ahead of expectations for the first half of fiscal 2025, but warned that the uncertain consumer backdrop is expected to remain in the rest of the year.Business - The Wall Street Journal - 21 hours ago -
Lloyds Banking Beats Views as U.K. Borrowers Remain Resilient
The U.K.’s largest mortgage provider confirmed its full-year guidance after pretax profit fell by less than expected on lighter impairments for bad loans as British borrowers remained resilient ...Business - The Wall Street Journal - October 23 -
BBVA Profit Beats Market Views on Mexico, Spain Growth
Banco Bilbao Vizcaya Argentaria’s third-quarter performance in Spain and Mexico, its key markets, drove its profit above market expectations.Business - The Wall Street Journal - 6 days ago -
Commerzbank Lifts Guidance as UniCredit Circles
Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.Business - The Wall Street Journal - 18 hours ago -
Colgate-Palmolive beats profit views, even as prices fall in North America again
Colgate-Palmolive’s stock turned red in premarket action Friday, after the consumer-products company beat third-quarter earnings expectations and lifted its outlook, but saw relative weakness in ...Business - MarketWatch - October 25 -
CVS beats revenue views, but profit missed due to a $1.1 billion reserve charge
CVS’s stock surges after revenue rose well above expectations, while profit missed because of a large charge premium deficiency reserves charge.Business - MarketWatch - 17 hours ago -
Chip Stock Selloff Persists in Europe, Asia After ASML Warns of Slower Recovery
Chip stocks in Europe and Asia continued to fall Wednesday after Dutch semiconductor-equipment maker ASML Holding warned the recovery for some areas of the industry could extend well into next ...Business - The Wall Street Journal - October 16 -
Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist
The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...Business - The Wall Street Journal - October 25 -
Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...Business - MarketWatch - October 17 -
Kering warns on profit as Gucci sales plunge
French luxury group grapples with turnaround at its biggest brand as demand dips in AsiaBusiness - Financial Times - October 24 -
Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.Business - CNBC - October 24 -
Hasbro’s third-quarter profit beats expectations, but its stock slips
Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.Business - MarketWatch - October 24 -
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 -
UK borrowing costs hit post-election high on eve of Reeves’ first Budget
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - October 30 -
Samsung Sees Progress in Memory Chips for AI After Delays
The South Korean tech giant reported better-than-expected net profit but earnings in its core semiconductor business shrank sharply.Tech - The Wall Street Journal - 6 days ago -
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 - 6 days ago -
Ahold Delhaize Net Profit Misses Market Views, Issues Buyback
The Dutch grocer outlined a share buyback program, despite reporting a worse-than-expected fall in third-quarter net profit.Business - The Wall Street Journal - 21 hours ago -
Budget poses new challenge for UK public finances, Moody’s warns
Assessment from rating agency comes as gilts steady after sell-off sparked by scale of extra borrowingBusiness - Financial Times - 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 - 5 days ago -
UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections
The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit SuisseBusiness - MarketWatch - October 30 -
Dentists are pulling treatable teeth to profit from implants, experts warn
Americans are getting dental implants more than ever — and at costs reaching tens of thousands of dollars. Experts worry some dentists have lost sight of the soul of dentistry: preserving and ...Top stories - CBS News - 6 days ago -
Apple warns future products may never be as profitable as iPhone
Analysts say artificial intelligence and virtual reality headsets might have lower margins than smartphones and App StoreBusiness - Financial Times - Yesterday -
Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.Business - CNBC - October 15 -
TSMC beats forecasts with 54% surge in profits on soaring AI demand
Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firmsBusiness - MarketWatch - October 17 -
Netflix adds 5 million subscribers and beats Wall Street's profit expectations
Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.Entertainment - Los Angeles Times - October 17 -
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 -
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.Business - CNBC - October 24 -
Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations
British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.Business - CNBC - October 24 -
Telia Raises Guidance After Key Metric Profit Beat
The Swedish telecommunications operator said it expected stronger growth momentum in the fourth quarter of the year and raised its guidance as it reported a slight beat on adjusted underlying ...Business - The Wall Street Journal - October 24 -
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 -
NatWest Lifts Guidance Again After Quarterly Profit Beat
The U.K. high-street bank raised its revenue and profit outlook for the second time this year after its third-quarter results topped market expectations, lifting shares to an over 13-year high.Business - The Wall Street Journal - October 25 -
HSBC chief says east-west division will not lead to ‘any split’
Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting driveBusiness - Financial Times - October 29 -
McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms
Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.Business - CNBC - October 29