Estimates Profit Jumps

UBS has just lowered earnings estimates — and raised its S&P 500 target

UBS on Tuesday issued an unusual pairing, reducing its estimates for earnings growth while at the same time lifting its S&P 500 target for this year and next.

Business - MarketWatch - October 15

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

Centene’s stock soars 11% after earnings sweep past estimates and company backs guidance

Chief Executive Sarah M. London said the company had navigated a “dynamic landscape” in the quarter amid turmoil in the Medicaid business.

Business - MarketWatch - 4 days ago

Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.

Business - CNBC - 13 hours ago

McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.

Business - MarketWatch - 15 hours ago

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 - 5 days ago

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 - 6 days ago

Barclays profits rise 23% as dealmaking returns

UK bank lifts guidance for net interest income

Business - Financial Times - 5 days ago

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 - 5 days ago

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 - 4 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 - 2 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 - 21 hours 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 - 13 hours ago

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

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 ...