Latest in Than Expected Profits
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Virgin Galactic building the foundation for strong future profitability, KeyBanc says
Virgin Galactic Holdings Inc.’s progress toward its new class of spacecraft bodes well for the company’s future profitability, according to KeyBanc Capital Markets.Business - MarketWatch - November 7 -
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 - November 8 -
Sony's Profit Jumps on Strength in Game, Image-Sensor Businesses
The Japanese company raised its annual revenue forecast after delivering a second-quarter profit beat.Business - The Wall Street Journal - November 8 -
Pinterest Stock Falls Despite Rise in Third-Quarter Profit, Revenue
The social-media platform’s revenue jumped 18% year over year, slightly above Wall Street’s forecast.Business - The Wall Street Journal - November 7 -
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 - November 7 -
Sony reports healthy profits on strong sales of sensors and games
Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network servicesTech - ABC News - November 8 -
Sony reports healthy profits on strong sales of sensors and games
Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network servicesEntertainment - ABC News - November 8 -
Sony stock rises as gaming and imaging units boost profits
Sony shares rose in premarket trade Friday after the company reported booming profit growth in the fiscal second quarter.Business - MarketWatch - November 8 -
British Airways owner announces stock buyback as profit grows 17%
British Airways owner International Airlines Group announced a stock buyback after reporting rising profits and margins.Business - MarketWatch - November 8 -
Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure
The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.Business - The Wall Street Journal - November 11 -
SoftBank returns to profit as Indian IPOs boost Vision Fund gains
Investors await founder Masayoshi Son’s next big move on artificial intelligenceBusiness - Financial Times - November 12 -
Japan's SoftBank returns to profit after gains at Vision Fund and other investments
Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investmentsTech - ABC News - November 12 -
Mali’s junta escalates fight with mining groups over profit share
Resolute Mining chief and colleagues held as junta want greater share of gold producers’ profitsBusiness - Financial Times - November 13 -
ABN Amro Posts Profit Beat, Delays Next Buyback Decision
ABN Amro Bank will take longer than expected to decide on its next share buyback as it adapts to new capital rules, sending shares lower in early trading despite the Dutch lender’s ...Business - The Wall Street Journal - November 13 -
Disney’s stock surges as streaming profits grow and film releases shine
“Inside Out 2” and “Deadpool & Wolverine” were big winners for Disney in the latest quarter.Business - MarketWatch - November 14 -
Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes
The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.Business - The Wall Street Journal - November 14 -
Swiss Re Net Profit Falls On U.S. Liability Reserve Increase
The reinsurer said resilient underwriting and contributions from all its business lines were offset by a $2.4 billion increase in the liability reserves of its property and casualty U.S. business.Business - The Wall Street Journal - November 14 -
Alibaba’s stock turns lower as investments to meet AI demand hurt profitability
Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.Business - MarketWatch - November 15 -
Alibaba posts profit beat as China looks to prop up tepid consumer spend
The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.Business - CNBC - November 15
