Latest in Profit Beat Offsets
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BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19
BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasolineBusiness - MarketWatch - 3 days ago -
Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates
Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.Business - MarketWatch - 2 days ago -
Standard Chartered lifts income guidance again after beating third-quarter profit forecasts
The lender, which derives most of its revenue from Asia, saw pre-tax profit jump of 37% from the $1.32 billion posted a year ago.Business - CNBC - 2 days ago -
Oil giant Shell posts $6 billion profit beat, launches new share buyback program
British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.Business - CNBC - Yesterday -
Pringles, Cheez-It parent Kellanova marches on toward Mars merger with another profit beat
Kellanova beat profit expectations for a 15th straight quarter, ahead of its $36 billion merger with Mars.Business - MarketWatch - Yesterday -
UK to consult on ‘opt-out’ AI content scraping in blow to publishers
Decision follows months of lobbying from tech sector and creative industriesBusiness - Financial Times - October 16 -
Lebanon feels it is being punished for a decision Hizbollah made
Civil society has sprung into action but the overwhelming sense of solidarity may be hard to sustainBusiness - Financial Times - October 16 -
Coca-Cola tops earnings estimates, as higher prices offset sluggish demand
Shares of Coke have climbed 18% this year, raising the company's market value to nearly $300 billion.Business - CNBC - October 23 -
How Do The St. Louis Blues Offset The Loss Of Their Top Center?
With Robert Thomas sidelined with a fractured right ankle and will be reevaluated in six weeks, everyone on roster will have to pick up slackSports - Yahoo Sports - October 24 -
BNP Paribas Investment Bank Growth Offsets Retail Weakness
BNP Paribas reported a rise in third-quarter earnings that was in line with market expectations, as growth in its investment bank offset softness in its domestic retail business.Business - The Wall Street Journal - Yesterday -
Businesses Ready Price Hikes on Imports to Offset Trump Tariff Costs
Many manufacturers and retailer relying on imports are already planning to pass on the added expenses from proposed protectionist duties to customers.Business - Inc. - Yesterday -
Nvidia has offset all 128 of the S&P 500 companies that have declined this year, twice over
Nvidia through Thursday had added $2.2 trillion in market value this year, in a year in which the S&P 500’s value has climbed by $9.3 trillion.Business - MarketWatch - October 25 -
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 -
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonBusiness - 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.Top stories - NBC News - October 18 -
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 AsiaBusiness - Financial Times - 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
UK bank lifts guidance for net interest incomeBusiness - Financial Times - October 24 -
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 £173mnBusiness - Financial Times - October 25 -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - 5 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 - 3 days 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 - 3 days 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 - 3 days ago
