Profit
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Spotify Makes Progress on Profitability Push
Spotify came up short on user growth, but swung to a profit in the first quarter, delivering a mixed earnings report as it works to achieve consistent profitability this year.The Wall Street Journal - World -
Spotify Makes Progress on Profitability Push
Spotify came up short on user growth, but swung to a profit in the first quarter, delivering a mixed earnings report as it works to achieve consistent profitability this year.The Wall Street Journal - World -
Albertsons’ profit tops estimates and offsets revenue miss driven by lower fuel sales
Chief Executive Vivek Sankaran said the numbers came against a “difficult industry backdrop.”MarketWatch - Business -
Novartis Ups Guidance on Profit, Sales Growth
Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs.The Wall Street Journal - World -
Novartis Ups Guidance on Profit, Sales Growth
Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs.The Wall Street Journal - Business -
Primark owner’s profits soar as investments provide boost
Associated British Foods says ‘normality’ in supply chains helps lift half-year earnings by 37%Financial Times - Business -
Russia to cash in as Sberbank pays $8bn in dividends
Record profits at lender will bolster state coffers to help fund war on UkraineFinancial Times - Business - Russia -
Spotify turns up volume to make record profits
The music streaming service reports record profits of over €1bn (£860m) after laying off 1500 staff.BBC News - Top stories -
Tesla profits cut in half as demand falls
The EV maker brings forward launch plans for new models as profits drop by more than half.BBC News - Top stories - Tesla -
Lloyds hit as banks compete for mortgage customers
The banking group's results showed it had made less money from loans and mortgages compared with last year.BBC News - Top stories - Mortgage -
Slash tax on profits from Russia’s frozen assets, US urges allies
Maximise every euro from immobilised reserves to aid Ukraine, says Biden adviser Daleep SinghFinancial Times - World - Russia -
Ireland’s AIB could be fully privatised by 2025 after bumper profits
Irish banks put crisis era behind them as state cuts holdingsFinancial Times - Business -
Ireland’s AIB could be fully privatised by 2025 after bumper profits
Irish banks put crisis era behind them as state cuts holdingsFinancial Times - World -
Air New Zealand Warns on Profits As Headwinds Stay Strong
Air New Zealand warned on profits as it grapples with revenue headwinds in its home market and in North America.The Wall Street Journal - World - New Zealand -
'The Real Thing: Unpackaging Product Photography' Review: Pictures for Profit
An exhibition at the Metropolitan Museum of Art displays photographs of shoes, cigarettes and even automotive parts to explore the medium’s essential role in advertising.The Wall Street Journal - World -
Air New Zealand Warns on Profits As Headwinds Stay Strong
Air New Zealand warned on profits as it grapples with revenue headwinds in its home market and in North America.The Wall Street Journal - Business - New Zealand -
AB Foods Eyes Further Profit Growth as Primark Margins Rise
Primark owner AB Foods raised its dividend and said it expects a significant rise in full-year profit after its budget retailer delivered robust margins and higher earnings.The Wall Street Journal - Business -
AB Foods Eyes Further Profit Growth as Primark Margins Rise
Primark owner AB Foods raised its dividend and said it expects a significant rise in full-year profit after its budget retailer delivered robust margins and higher earnings.The Wall Street Journal - World -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - World -
PepsiCo’s profit beats estimates, but Quaker recalls weigh on earnings
The soft drink and salty snack giant beat Wall Street’s first-quarter profit and revenue estimates but said its Quaker Oats unit swung to a loss on product recalls.MarketWatch - Business -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - Business -
Spotify hits record quarterly profit as it enters ‘new phase’
Pioneer of music streaming kicks off more mature era for its business after years of freer spendingFinancial Times - Business -
G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.The New York Times - Tech -
G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.The New York Times - Business -
G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.The New York Times - Top stories -
Gucci-owner Kering expects first-half profit to shrink by up to 45%
French luxury group says its performance ‘worsened considerably’ in the first quarter amid Gucci resetFinancial Times - Business -
Gucci-owner Kering expects first-half profit to shrink by up to 45%
French luxury group says its performance ‘worsened considerably’ in the first quarter amid Gucci resetFinancial Times - Business -
Tesla profits plunge as automaker grapples with slumping EV sales
Tesla reports slide in earnings and revenue, but investors cheered by pledge to accelerate rollout of cheaper vehicles.CBS News - Top stories - Tesla -
Tesla Accelerates Rollout of More-Affordable EVs as Profit Drops Sharply
The company’s shares rose in after-hours trading following news that the EV maker is looking to bring new models to market sooner than previously planned.The Wall Street Journal - World - Tesla -
Netflix's password-sharing crackdown is paying off as profits beat Wall Street's forecast
Netflix on Thursday released its first-quarter earnings, which topped analyst estimates in terms of subscriber additions and profit.Los Angeles Times - Entertainment - Netflix -
Nissan Motor Shares Drop After Annual Profit Estimate Lowered on Slower Sales
Nissan Motor shares fell sharply after The Japanese automaker lowered its estimate for fiscal year net profit, partly due to slower car sales.The Wall Street Journal - World -
Nissan Motor Shares Drop After Annual Profit Estimate Lowered on Slower Sales
Nissan Motor shares fell sharply after The Japanese automaker lowered its estimate for fiscal year net profit, partly due to slower car sales.The Wall Street Journal - Business -
UPS’ stock rises after profit extends long streak of beats as deliveries improve
UPS’s stock rallied Tuesday, after the package delivery giant beat first-quarter profit expectations, even as it once again reported revenue that fell below forecasts.MarketWatch - Business -
Philip Morris’s stock pulls back premarket as profit beats expectations but outlook misses
Philip Morris’ stock pulled back premarket Tuesday, after the seller of cigarettes and heated tobacco units beat first-quarter profit expectations but provided a downbeat second-quarter outlook.MarketWatch - Business -
Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention
Spotify beat expectations on the top and bottom lines when it reported quarterly earnings Tuesday, after a year of activist investor scrutiny and cost cutting.CNBC - Business -
Gucci Owner Kering Expects Sharp Drop in Operating Profit After China Weighs on Sales
Chairman and Chief Executive Francois-Henri Pinault said Kering’s performance “worsened considerably in the first quarter.”The Wall Street Journal - World - China -
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehiclesABC News - Tech - Tesla -
Tesla Q1 Profit Tanks, But Stock Jumps on News of Faster Production of Cheaper Models
The carmaker will start making smaller, more affordable models sooner than previously expected.Inc. - Business -
GM lifted its profit outlook for the year as the automaker reported a 24% rise in first-quarter earnings driven by solid U.S. sales of pickup trucks.
GM lifted its profit outlook for the year as the automaker reported a 24% rise in first-quarter earnings driven by solid U.S. sales of pickup trucks.The Wall Street Journal - World