Reddit shares close up 42% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

Business - CNBC - 9 hours ago

Reddit shares soar 25% as it turns its first profit

Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off

Business - Financial Times - Yesterday

Reddit shares soar after company turns first-ever profit

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...

World - The Guardian - 14 hours ago

Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.

Business - CNBC - 12 hours ago

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

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - Yesterday

PayPal shares fall on revenue miss, soft guidance

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.

Business - CNBC - Yesterday

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

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 - 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 - 6 days ago

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 - 5 days ago

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - Yesterday

Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

Reddit has turned a profit for the first time as a public company

Tech - ABC News - 5 hours ago

Reddit’s Sees First-Ever Profit as Explosive User Growth and AI Tools Help it Soar

The social discussion platform beat Wall Street analyst forecasts, with quarterly sales results better than 10 percent above estimates.

Business - Inc. - 11 hours ago

Reddit stock price soars after social media player reports rare profit

Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.

CVS replaces CEO as profits, share price suffer

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

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 - 6 days ago

Standard Chartered lifts income guidance again after beating third-quarter profit forecasts

The lender, which derives most of its revenue from Asia, saw pre-tax profit jump of 37% from the $1.32 billion posted a year ago.

Business - CNBC - 17 hours ago

Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.

Business - CNBC - 9 hours ago

Biogen tops estimates, raises profit guidance as Alzheimer's drug Leqembi gains traction

Leqembi, along with rare disease and depression treatments, helped offset a year-over-year decline in revenue for the company's multiple sclerosis products.

Business - CNBC - 16 hours ago

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - 6 days ago

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 drive

Business - Financial Times - Yesterday

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - Yesterday

Court of Appeal sides with UK consumers over ‘secret’ car loan commissions

Close Brothers shares plummet after landmark ruling that puts sector at risk of redress

Business - Financial Times - 5 days ago

Tesla shares close at highest in 13 months as post-earnings rally continues

Following Tesla's best day on the market since 2013, the stock rose more than 3% on Friday, closing at its highest since September 2023.

Business - CNBC - 5 days ago

Starbucks boss shakes up menu to win back customers

The coffee shop chain has also promised to look at pricing and staffing to prevent bottlenecks

Labour to end profit incentive for rail operators in run-up to nationalisation

Train bosses accuse government of being ‘ideological’ over ending post-Covid scheme letting them keep more cash

World - Financial Times - October 23

Chinese share buybacks hit record high as Beijing steps up support

Policymakers push companies to return cash to shareholders as they try to revive flagging stock market

Business - Financial Times - October 21

Boeing’s record $21bn fundraising boosts hopes of avoiding downgrade

Aircraft maker is racing to ease pressure on its balance sheet exacerbated by a labour strike

Business - Financial Times - Yesterday

Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue

Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

Business - CNBC - October 16

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