Latest in Swings Quarterly Profit
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Warner Bros. Discovery Swings to Quarterly Profit on Strong Streaming Growth
The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.Business - The Wall Street Journal - Yesterday -
Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress
The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.Business - CNBC - October 23 -
Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand
TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.Business - CNBC - October 18 -
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.Business - CNBC - October 24 -
NatWest Lifts Guidance Again After Quarterly Profit Beat
The U.K. high-street bank raised its revenue and profit outlook for the second time this year after its third-quarter results topped market expectations, lifting shares to an over 13-year high.Business - The Wall Street Journal - October 25 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
DoorDash Posts First Quarterly Profit Since IPO, Launches Partnership With Lyft
DoorDash reported its first quarterly profit since going public in 2020, and launched a partnership with Lyft, as the two companies combine forces against common rival Uber.Business - The Wall Street Journal - October 30 -
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 -
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 -
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 - 2 days ago -
Sony raises guidance on gaming strength, quarterly operating profit beats estimates
Sony raised sales guidance for the full year and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Business - CNBC - 2 hours ago -
World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).Business - CNBC - October 22 -
Novo Nordisk shares jump 8% after Wegovy sales beat expectations
Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.Business - CNBC - 2 days ago -
Toast’s stock soars after company swings to profit and revenue beats estimates
Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.Business - MarketWatch - 14 hours ago -
Hermès defies luxury gloom with strong sales
Paris house posts solid growth in contrast to rivals Kering and LVMHBusiness - Financial Times - October 24 -
McDonald’s suffers second straight decline in quarterly sales
US fast-food chain hit by weakness in international markets as it promotes more discount mealsBusiness - Financial Times - October 29 -
BYD quarterly sales beat Tesla for first time
Warren Buffett-backed Chinese carmaker’s revenues surge 24 per cent but fierce competition slims marginsBusiness - Financial Times - October 30 -
Microsoft dips on weak guidance after beating on earnings
Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.Business - CNBC - October 30 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingBusiness - Financial Times - October 16 -
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Boeing is about to show a big quarterly loss as investors wait for the strike to end
If union members agree to end the strike “the supply chain, investors, and Boeing will share a collective sigh of relief.”Business - MarketWatch - October 23 -
Tariff surge would damage global growth, IMF warns
In a forecast two weeks before US election the fund says greater protectionism would drag down world economyBusiness - Financial Times - October 22 -
Starbucks Shares Drop After Dismal Preliminary Quarterly Earnings
“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.Business - The New York Times - October 23 -
Boeing workers to vote on ending strike as company reports billions in quarterly losses
Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...Top stories - CBS News - October 23 -
Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss
The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.Business - Inc. - October 23
