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Latest in Cuts Profit

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  • Ryanair profit drops as airline cuts passenger forecast

    Ryanair profit drops as airline cuts passenger forecast

    European low-cost carrier blames pressure on consumers for fall in fares
    Business - Financial Times - November 4
  • Honda Motor Cuts Forecasts for Car Sales, Profit

    Honda Motor Cuts Forecasts for Car Sales, Profit

    The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.
    Business - The Wall Street Journal - November 6

  • Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

    Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.
    Business - The Wall Street Journal - October 25

  • 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
  • Nomura profits surge as chief takes pay cut over trading scandal

    Nomura profits surge as chief takes pay cut over trading scandal

    Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversy
    Business - Financial Times - November 1

  • ADM Discloses More Accounting Issues, Cuts Profit Outlook

    The agriculture company disclosed more accounting problems and will amend some past financial results while slashing its profit forecast for the year.
    Business - The Wall Street Journal - November 5

  • Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

    Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
    Business - CNBC - November 5

  • Nintendo cuts profit guidance on reduced Switch sales forecast

    Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.
    Business - MarketWatch - November 5
  • Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

    Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

    The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.
    Business - The Wall Street Journal - November 6

  • Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

    Carmaker to slash global production capacity by a fifth in emergency turnaround plan
    World - Financial Times - November 7
  • Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

    Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

    The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.
    Business - The Wall Street Journal - November 11

  • 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
  • Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

    Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

    German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market
    Business - Financial Times - October 25

  • Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

    The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses
    Business - MarketWatch - October 30

  • Estée Lauder’s stock heads for record selloff after profit warning, dividend cut

    Consumer sentiment in China worsened, driving weak prestige beauty and Asia travel retail sales.
    Business - MarketWatch - October 31

  • Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold

    Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.
    Business - CNBC - November 7

  • 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
  • 'Exploitative' children's home profits to be curbed

    'Exploitative' children's home profits to be curbed

    The new measures aim to stop private care home providers benefiting excessively from a stretched system.
    Top stories - BBC News - 3 days ago
  • Chase Revenue Versus Build Profit

    Chase Revenue Versus Build Profit

    Five ways to strike the balance for sustainable growth.
    Business - Inc. - 2 days ago
  • Kering warns on profit as Gucci sales plunge

    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 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

  • 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

    Barclays profits rise 23% as dealmaking returns

    UK bank lifts guidance for net interest income
    Business - Financial Times - 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
  • NatWest profits rise by a quarter as lending and deposits grow

    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 - October 25
  • China’s industrial profits plunge as economic momentum falters

    China’s industrial profits plunge as economic momentum falters

    Steep monthly decline in September comes as policymakers battle to restore confidence
    Business - Financial Times - October 27

  • 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 - October 29
  • In Botswana’s Election, Diamond Profits Are a Defining Issue

    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 - October 29

  • 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 - October 29

  • 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

    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 - October 30
  • StanChart to double investment in wealth management as profits rise

    StanChart to double investment in wealth management as profits rise

    Wealth business had record quarter as revenues rose 32%
    Business - Financial Times - October 30
  • 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 - October 30
  • Volkswagen profit plunges 64% as China sales slide

    Volkswagen profit plunges 64% as China sales slide

    Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains
    Business - Financial Times - October 30

  • Next profits poised to top £1bn for first time

    UK retail bellwether raises outlook for third time in three months on the arrival of colder weather
    World - Financial Times - October 30
  • Volkswagen Profit Shrinks as Unions Threaten Strike

    Volkswagen Profit Shrinks as Unions Threaten Strike

    Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.
    Business - The New York Times - October 30

  • 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 - October 30
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