Latest in Billion Profit
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PwC profits fall in Asia after scandals in China and Australia
Big Four firm reports slower global growth as regional woes compound consulting industry slowdownBusiness - Financial Times - October 29 -
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 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - 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 -
PayPal beat big on a profit metric, but here’s why its stock is falling
PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”Business - MarketWatch - October 29 -
BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas
The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.Business - The New York Times - October 29 -
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 allegationsWorld - Financial Times - October 29 -
BP's Profit Hits Four-Year Low on Commodity Market Weakness
BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.Business - The Wall Street Journal - October 29 -
Google’s strong earnings boosted by cloud computing gains
Parent company Alphabet’s shares rise 6% as results show lift from AI demandBusiness - Financial Times - October 30 -
Fiona Hill: Musk, Trump 'all about their own profits and power'
Former National Security Council (NSC) adviser Fiona Hill said in a new interview that former President Trump and tech billionaire Elon Musk are “all about their own profits and power.” As two ...Politics - The Hill - October 29 -
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 offBusiness - Financial Times - October 29 -
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 - October 29 -
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 - October 30 -
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 -
Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss
Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.Business - MarketWatch - October 30 -
Crypto’s ‘Death Star’ election spending has wowed D.C. Will profits follow?
Digital asset companies are the biggest corporate donors in 2024Business - MarketWatch - October 30 -
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 - October 30 -
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - October 31 -
Robinhood earnings disappoint Wall Street despite company’s upward trajectory
The online brokerage’s third-quarter earnings missed analyst forecasts for both revenue and earnings per share.Business - MarketWatch - October 31 -
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 - October 31 -
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.Business - CNBC - October 31 -
DoorDash Posts First Quarterly Profit Since IPO, Launches Partnership With Lyft
DoorDash reported its first quarterly profit since going public in 2020, and launched a partnership with Lyft, as the two companies combine forces against common rival Uber.Business - The Wall Street Journal - October 30 -
Shell to buy back $3.5bn of shares as profits beat expectations
Gas division is biggest contributor to earnings as liquefied natural gas production risesBusiness - Financial Times - October 31 -
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 - October 31 -
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 - October 31 -
Danske Bank Lifts Guidance After Net Profit Tops Hopes
The Copenhagen-based bank raised its full-year net profit forecast after reporting a market-beating figure for the third quarter.Business - The Wall Street Journal - October 31 -
ConocoPhillips stock rises on Q3 earnings profit beat, robust outlook
ConocoPhillips shares rose 2.8% in premarket trades Thursday after the oil giant reported better-than-expected third-quarter earnings and gave robust production guidance.Business - MarketWatch - October 31 -
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimatesTech - ABC News - October 31 -
Amazon's cloud unit records highest profit margin in at least a decade
Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.Business - CNBC - October 31