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Latest in Samsung Profit Beats Expectations but Chip Business Sags

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  • Samsung Profit Beats Expectations but Chip Business Sags

    The South Korean technology giant reported better-than-expected net profit for the third quarter, but its core semiconductor business earnings shrank sharply from the previous quarter.
    Tech - The Wall Street Journal - 5 hours ago

  • Samsung Electronics' chip profit shrinks 40% from the previous quarter

    The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter.
    Business - CNBC - 4 hours ago
  • Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live

    Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live

    Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets. Azerbaijan, the host of the Cop29 global climate summit , will see a large expansion of fossil ...
    World - The Guardian - October 23

  • 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 - 6 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 - Yesterday

  • 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 - 6 days ago

  • 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 - 6 days ago
  • HSBC chief says east-west division will not lead to ‘any split’

    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
  • Google’s strong earnings boosted by cloud computing gains

    Google’s strong earnings boosted by cloud computing gains

    Parent company Alphabet’s shares rise 6% as results show lift from AI demand
    Business - Financial Times - 17 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

  • BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

    British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.
    Business - CNBC - Yesterday

  • Samsung falls short of expectations as chipmaker fails to reap AI benefits

    Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
    World - Financial Times - 1 hour ago

  • Exclusive-Samsung delays taking deliveries of ASML's chip gear for its new US factory, sources say

    Samsung Electronics has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar ...
    Sports - Yahoo Sports - October 18
  • TSMC profits jump 54% on back of AI chip boom

    TSMC profits jump 54% on back of AI chip boom

    World’s biggest chipmaker says demand has recovered across all segments despite fears of industry slump
    Business - Financial Times - October 17

  • AI Boom Is Real---and Really Profitable---Says Chip Maker TSMC

    The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year.
    Business - The Wall Street Journal - October 17
  • Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

    Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

    Billionaire Trump backer has targeted swing states with contest ahead of presidential election
    Business - Financial Times - October 24

  • SK Hynix Profit Momentum Continues on AI-Chip Demand

    SK Hynix posted record earnings in the third quarter as it continued to ride strong demand for powerful computing chips to support artificial-intelligence applications.
    Tech - The Wall Street Journal - October 23

  • WPP Returns to Growth, Beating Expectations

    WPP reported a surprise rise in organic revenue for the third quarter, returning to growth after declines in previous quarters, as it benefited from higher spending among its bigger clients and a ...
    Business - The Wall Street Journal - October 23
  • Bloomsbury to beat expectations on ‘romantasy’ boom

    Bloomsbury to beat expectations on ‘romantasy’ boom

    Publisher reports best-ever first half as sales of authors such as Sarah J Maas and JK Rowling continue to soar
    Business - Financial Times - 6 days ago

  • ASML Expects Slower Semiconductor Recovery, Weighing on Chip Stocks

    The company posted orders below analysts’ expectations as chip makers held back spending on key production equipment.
    Business - The Wall Street Journal - October 15

  • Clariant Third-Quarter Profits Miss Expectations

    The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.
    Business - The Wall Street Journal - Yesterday
  • UBS reports better than expected profits

    UBS reports better than expected profits

    Swiss bank’s markets business helped by increase in volatility
    Business - Financial Times - 20 hours ago

  • 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
  • UK borrowing costs hit post-election high on eve of Reeves’ first Budget

    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 1990s
    Business - Financial Times - 20 hours ago

  • Adani Enterprises profit rockets on growing airports and green business

    Quarterly results boost Gautam Adani’s conglomerate as it seeks to bounce back from damaging allegations
    World - Financial Times - Yesterday

  • Swedbank Climbs After Results Beat Expectations

    Shares in the Swedish lender rose after it reported results for the third quarter that exceeded analysts’ expectations both at the top and bottom lines.
    Business - The Wall Street Journal - October 23

  • Danone Sales Growth Beats Market Expectations

    The French food company confirmed its full-year guidance after a strong performance in North America and robust growth in sales volumes helped it deliver higher-than-expected organic revenue growth ...
    Business - The Wall Street Journal - 6 days ago

  • Trump accuses Taiwan of stealing U.S. chip industry. Here's what the election could bring

    Trump said tariffs should be put on Taiwan's chips during an appearance on "The Joe Rogan Experience" podcast.
    Business - CNBC - 2 days ago

  • Potential Harris administration expected to flex pro-business muscle

    Also in today’s newsletter, the IMF warns on tariffs and why Omaha could be pivotal to the US election
    World - Financial Times - October 22
  • 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
  • Tesla shares leap 22% after Musk predicts sales rebound

    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

  • 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 - 6 days ago

  • Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

    Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.
    Business - CNBC - 12 hours ago

  • ASML share plunge wipes over $50 billion off Dutch chip giant's value

    ASML published its third-quarter earnings Tuesday, a day earlier than expected.
    Business - CNBC - October 16
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Topics
  • Samsung Profit Beats
  • Profit Beats Expectations
  • Beats Expectations Chip
  • Expectations Chip Business
  • Chip Business Sags
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