Latest in Profit Soars
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Bath & Body Works’ stock soars after earnings beat and raised guidance
The company said that investments made in marketing and technology, combined with innovations in core products and collaborations, are resonating with new and existing customers.Business - MarketWatch - 4 days ago -
Space stock Redwire soared this year and is set for more ‘investor enthusiasm’: analyst
Redwire, which manufactures and supplies space equipment, has seen its shares skyrocket this year.Business - MarketWatch - 4 days ago -
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No Matthews, No Problem? Maple Leafs Soar Thanks To Mitch Marner
The Maple Leafs have used team efforts to confound opponents all season, but their star right winger has been a bright spot during a raft of injuries.Sports - Yahoo Sports - 3 days ago -
Shell to buy back $3.5bn of shares as profits beat expectations
Gas division is biggest contributor to earnings as liquefied natural gas production risesBusiness - Financial Times - October 31 -
Dentists are pulling treatable teeth to profit from implants, experts warn
Americans are getting dental implants more than ever — and at costs reaching tens of thousands of dollars. Experts worry some dentists have lost sight of the soul of dentistry: preserving and ...Top stories - CBS News - October 31 -
BBVA Profit Beats Market Views on Mexico, Spain Growth
Banco Bilbao Vizcaya Argentaria’s third-quarter performance in Spain and Mexico, its key markets, drove its profit above market expectations.Business - The Wall Street Journal - October 31 -
Danske Bank Lifts Guidance After Net Profit Tops Hopes
The Copenhagen-based bank raised its full-year net profit forecast after reporting a market-beating figure for the third quarter.Business - The Wall Street Journal - October 31 -
ConocoPhillips stock rises on Q3 earnings profit beat, robust outlook
ConocoPhillips shares rose 2.8% in premarket trades Thursday after the oil giant reported better-than-expected third-quarter earnings and gave robust production guidance.Business - MarketWatch - October 31 -
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimatesTech - ABC News - October 31 -
Amazon's cloud unit records highest profit margin in at least a decade
Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.Business - CNBC - October 31 -
Apple’s Quarterly Profit Down Because of Tax Payment in Europe
Sales for the iPhone maker were up 6 percent to to $94.93 billion. But a $14.4 billion tax bill cut profits that would have topped expectations.Tech - The New York Times - October 31 -
Nomura profits surge as chief takes pay cut over trading scandal
Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversyBusiness - Financial Times - November 1 -
Profiteers Are Exploiting US Election Conspiracies and Hate to Make Millions
Unscrupulous online operators are spreading toxic lies to push bitcoin scams and sell MAGA shirts to Facebook users in the run-up to the US presidential election.Tech - Wired - November 1 -
Chevron’s stock climbs after a triple beat of profit, revenue and production
Chevron’s stock rallies after earnings and production beat expectations, and a record amount of cash was returned to shareholders.Business - MarketWatch - November 1 -
Exxon and Chevron suffer profit falls on lower oil prices
Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023Business - Financial Times - November 1 -
Asylum housing provider Clearsprings’ profits jump on high demand
Bumper profits risk fuelling government concerns over large amounts paid to private companies to handle politically sensitive issueWorld - Financial Times - November 1 -
Ryanair profits plunge amid lower fares and Boeing delays
Problems with delivery of 737 aircraft left airline ‘over-crewed and over-costed’, says CEO Michael O’Leary. Business live – latest updates Ryanair’s profits have dropped by nearly a fifth, as ...World - The Guardian - November 4 -
Why Constellation Energy’s stock is seeing a record selloff despite profit beat
Shares of Constellation Energy Corp. were in danger of a record selloff on Monday and were headed for their lowest prices since before the nuclear-power company signed a 20-year power-purchasing ...Business - MarketWatch - November 4 -
ADM Discloses More Accounting Issues, Cuts Profit Outlook
The agriculture company disclosed more accounting problems and will amend some past financial results while slashing its profit forecast for the year.Business - The Wall Street Journal - November 5 -
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.Business - CNBC - November 5 -
Nintendo reports lower profits as demand drops for its aging Switch console
Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth ...Entertainment - ABC News - November 5 -
Nintendo cuts profit guidance on reduced Switch sales forecast
Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.Business - MarketWatch - November 5 -
Apple warns future products may never be as profitable as iPhone
Analysts say artificial intelligence and virtual reality headsets might have lower margins than smartphones and App StoreBusiness - Financial Times - November 5 -
Labour hedge fund donor’s profits drop 76% after restructure
Quadrature made largest single donation to party after UK election called in MayBusiness - Financial Times - November 5 -
OpenAI Speaks to California Attorney General About Becoming For-Profit Company
A new report says CEO Sam Altman’s efforts to shed its nonprofit AI research lab status are moving forward.Business - Inc. - November 5 -
Commerzbank Lifts Guidance as UniCredit Circles
Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.Business - The Wall Street Journal - November 6 -
Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves
The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.Business - The Wall Street Journal - November 6