Latest in Cuts Profit Outlook
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Business - Financial Times
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 market6 hours ago - China -
Business - The Wall Street Journal
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.17 hours ago -
Business - The New York Times
Tesla’s Shares Surge 20% After Strong Earnings and Outlook
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.Yesterday -
Business - Financial Times
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 £173mn14 hours ago -
Sports - ABC News
WNBA outlook is promising after record-setting year — but challenges lie ahead
The WNBA outlook seems promising heading into the offseason following a banner season with record ratings, attendance and a first-time champion in New YorkYesterday - WNBA -
Business - CNBC
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.Yesterday - Tesla -
Business - MarketWatch
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%.Yesterday -
Business - MarketWatch
Unilever reiterates 2024 outlook after third-quarter sales growth
Unilever on Thursday reiterated its 2024 outlook after reporting underlying sales growth of 4.5% in the third quarter.Yesterday -
Business - Financial Times
Barclays profits rise 23% as dealmaking returns
UK bank lifts guidance for net interest incomeYesterday -
Business - Financial Times
Kering warns on profit as Gucci sales plunge
French luxury group grapples with turnaround at its biggest brand as demand dips in AsiaYesterday -
Business - The Wall Street Journal
Unilever Backs Outlook After Sales Growth
The consumer goods giant reiterated its full-year guidance after underlying sales grew more than expected in the third quarter as shoppers welcomed easing price hikes and began buying more of the ...Yesterday -
Business - The Wall Street Journal
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.Yesterday - Tesla -
Business - MarketWatch
Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing
Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film ...Yesterday -
Business - The Wall Street Journal
Mattel Lowers Sales Outlook After Barbie Sales Weigh
The toy company’s profit, however, is holding up due to stronger margins, helped by factors such as cost cuts, supply-chain improvements and lower input costs.2 days ago -
World - Financial Times
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall further2 days ago -
Business - MarketWatch
Volvo Cars slashes outlook citing ‘increasingly volatile environment’
Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.2 days ago -
Business - The Wall Street Journal
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.2 days ago -
Business - CNBC
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.2 days ago -
Business - CNBC
IMF warns on China's property market worsening as it cuts country's growth outlook
In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.2 days ago - China -
Politics - The Hill
IMF declares victory over inflation, boosts US economic outlook
International Monetary Fund (IMF) officials sounded a death knell for the post-pandemic inflation Tuesday and raised projections for U.S. economic performance, placing the U.S. at the center of the ...3 days ago -
Business - The Wall Street Journal
Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss
The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.3 days ago -
Business - The Wall Street Journal
Munich Re Lifts Outlook Despite Third-Quarter Miss
Munich Re’s third-quarter net profit missed consensus forecasts due to hurricane losses but the company said it expected to beat its full-year target.3 days ago -
Business - MarketWatch
Genuine Parts stock slides on Q3 earnings miss, lowered outlook
Shares of Genuine Parts Co. fell 10.1% in premarket trading after the auto-parts company reported lower-than-expected third-quarter earnings and lowered its outlook, citing weakness in market ...3 days ago -
Business - The Wall Street Journal
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 ...3 days ago -
Top stories - CBS News
Maps show NOAA's winter outlook
NOAA has released its seasonal outlook for the 2024-25 winter months, which predicts the U.S. will slowly transition into a La Niña pattern.October 18 -
Business - MarketWatch
CVS cuts outlook yet again — while swapping out CEO for a company veteran
“The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.October 18 -
Top stories - NBC News
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.October 18 -
Business - MarketWatch
Procter & Gamble’s stock slips as profit beat, steady outlook offset a sales miss
Shares of Procter & Gamble Co. fell 1.2% in premarket trading Friday, after the consumer packaged-goods company reported fiscal first-quarter profit that beat expectations and maintained its ...October 18 -
Politics - The Hill
NOAA releases 2024-25 winter weather outlook: Here's what to expect
Depending on where you live in the U.S., this winter could bring a mix of snow and rain or unseasonably warm weather, according to climate experts.October 17 -
Sports - Yahoo Sports
Titans cutting Jamal Adams
Jamal Adams' brief tenure in Tennessee is coming to an end.October 17 - NFL -
Business - The Wall Street Journal
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.October 17 -
Business - Financial Times
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonOctober 16 -
Business - MarketWatch
Global electricity demand to double by 2050, IEA’s World Energy Outlook says
Electricity demand is set to increase at levels equivalent to adding a new Japan to the world each year, the International Energy Agency saidOctober 16 -
Business - Financial Times
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingOctober 16 -
Business - The Wall Street Journal
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 ...October 16 -
World - The Guardian
Martin Rowson on a parlous outlook for the UN – cartoon
Continue reading...October 15 -
Business - MarketWatch
UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability
UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...October 15