Billion Profit Beat - QuikReader

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

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 - Yesterday

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

Business - CNBC - October 16

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.

Business - CNBC - 2 days ago

Iberdrola Profit Lifted by Record Investments

Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.

Business - The Wall Street Journal - October 23

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Billions of levelling-up cash in limbo

Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Morgan Stanley rounds off strong earnings season

Business - Financial Times - October 16

Whitbread Aims to Boost Profit, Shareholder Returns

The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and ...

Business - The Wall Street Journal - October 16

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

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.

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

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

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

Barclays profits rise 23% as dealmaking returns

UK bank lifts guidance for net interest income

Business - Financial Times - October 24

NatWest profits rise by a quarter as lending and deposits grow

Bank also sets aside £245mn in provisions for bad loans, higher than expectations of £173mn

Business - Financial Times - 6 days ago

China’s industrial profits plunge as economic momentum falters

Steep monthly decline in September comes as policymakers battle to restore confidence

Business - Financial Times - 4 days ago

FirstFT: Twin scandals hit PwC’s Asia profits

Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?

World - Financial Times - 2 days ago

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 - Yesterday

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 - 2 days ago

StanChart to double investment in wealth management as profits rise

Wealth business had record quarter as revenues rose 32%

Business - Financial Times - Yesterday

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - Yesterday

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - Yesterday

Latest in Billion Profit Beat

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

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

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Iberdrola Profit Lifted by Record Investments

Debt rule to change to fund major projects

Billions of levelling-up cash in limbo

Mass deportation could cost billions

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Whitbread Aims to Boost Profit, Shareholder Returns

ABB Posts Higher Profit, Raises Margin Guidance

CVS replaces CEO as profits, share price suffer

Tele2 Posts Higher Profits; Backs Targets

Kering warns on profit as Gucci sales plunge

Tesla Surprises Wall Street With Strong Third-Quarter Results

Barclays profits rise 23% as dealmaking returns

NatWest profits rise by a quarter as lending and deposits grow

China’s industrial profits plunge as economic momentum falters

FirstFT: Twin scandals hit PwC’s Asia profits

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

Clariant Third-Quarter Profits Miss Expectations

StanChart to double investment in wealth management as profits rise

UBS reports better than expected profits

Volkswagen profit plunges 64% as China sales slide

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