Latest in Outlook Profit
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Advance Auto Parts to Close Stores as Sales Outlook Misses Views
Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.Business - The Wall Street Journal - November 14 -
Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debt
Mexico's president has lashed out at Moody’s ratings service after it downgraded the Mexican government’s debt outlook to “negative.”World - ABC News - November 15 -
Walmart sales beat again and outlook raised, as retailer cites ‘resilient’ US customers
Walmart’s stock headed for a record after another earnings beat, as general merchandise sales turned positive.Business - MarketWatch - 5 days ago -
Nio’s stock dives as earnings, outlook disappoint despite record deliveries
Nio’s stock drops after quarterly results and revenue outlook disappoint, despite record deliveries.Business - MarketWatch - 4 days ago -
Snowflake’s stock flies higher as software company’s outlook impresses
Snowflake’s last three earnings reports spurred negative stock reactions, but investors seem to like the company’s upbeat guidance this time aroundBusiness - MarketWatch - 3 days ago -
Williams-Sonoma Beats Views With Third-Quarter Results, Boosts Outlook
Shares surged following the earnings announcement. The company’s market value has nearly doubled over the past 52 weeks.Business - The Wall Street Journal - 3 days ago -
Palo Alto Networks Full-Year Guidance Disappoints; Shares Slip
Palo Alto Networks raised its outlook for the year and said revenue climbed in its fiscal first quarter fueled by further subscription growth.Tech - The Wall Street Journal - 3 days ago -
Waters shares humble outlook on newfound Warriors starting role
Lindy Waters III didn't make a big deal out of his insertion into the Golden State Warriors' starting lineup.Sports - Yahoo Sports - 3 days ago -
Gap Raises Full-Year Outlook With Strong Start to Holiday Season
The apparel retailer said it now expects full-year sales to grow between 1.5% and 2%. Gap had most recently guided for sales to be up slightly.Business - The Wall Street Journal - 2 days ago -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - 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
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
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - October 30 -
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
Swiss bank’s markets business helped by increase in volatilityBusiness - Financial Times - October 30 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - 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 weatherWorld - Financial Times - October 30 -
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 -
Samsung Sees Progress in Memory Chips for AI After Delays
The South Korean tech giant reported better-than-expected net profit but earnings in its core semiconductor business shrank sharply.Tech - The Wall Street Journal - October 31 -
Aker Solutions Upbeat Despite Profit Miss
Aker Solutions reported below-forecast third-quarter results but said its outlook remained positive with high tender activity.Business - The Wall Street Journal - October 31 -
BNP profits rise driven by global markets business
Eurozone’s biggest bank posts gains for third quarter across equities and fixed-income tradingBusiness - Financial Times - October 31 -
TotalEnergies Profit Falls as Downstream Margins Bite
TotalEnergies reported a sharpy-lower net profit in the third quarter on weaker refining margins, production and prices, but said output should pick up going forward.Business - The Wall Street Journal - October 31 -
Maersk Profit Rises as Red Sea Disruptions Continue
Maersk’s third-quarter net profit jumped after continued disruptions in the Red Sea shipping lanes pushed freight rates higher.Business - The Wall Street Journal - October 31 -
Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.Business - The New York Times - October 31 -
Ryanair profit drops as airline cuts passenger forecast
European low-cost carrier blames pressure on consumers for fall in faresBusiness - Financial Times - November 4 -
Saudi Aramco Profit Falls on Oil-Price Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.Business - The Wall Street Journal - November 5 -
DHL Owner Net Profit Falls on Costs
Deutsche Post reported a lower net profit on higher costs and said it expects earnings to grow in the fourth quarter, even in a muted economic environment.Business - The Wall Street Journal - November 5 -
Primark owner profits jump despite summer washout
It said clothes sales in the UK and Ireland grew despite dampened demand for beach and swimwear.Top stories - BBC News - November 5 -
BMW Posts Sharp Fall in Automotive Profitability
BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.Business - The Wall Street Journal - November 6 -
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
