Latest in Weaker Profitability
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NetEase's Profit Falls on Weaker Gaming Revenue
The Chinese videogame giant’s profit tumbled for a second straight quarter and revenue missed market expectations as the main business delivered a soft performance.Business - The Wall Street Journal - 5 days ago -
CaixaBank Guides for Weaker Profitability, Resilient Income as Rates Boost Fades
The lender expects a lower return on tangible equity over the next three years as falling interest rates and heavier costs eat into its margins.Business - The Wall Street Journal - 15 hours ago -
L’Oréal sales disappoint due to weak Chinese demand
Revenue at world’s biggest beauty company grew 3.4 per cent in third quarter, when analysts expected 6 per centBusiness - Financial Times - October 22 -
Enphase reports weaker quarter, and this time its U.S. business is not the problem
Enphase’s revenue in Europe dropped about 15% quarter-on-quarter as demand softened.Business - MarketWatch - October 23 -
EBay’s sales outlook comes in weaker, and stock falls more than 7%
EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.Business - MarketWatch - October 31 -
Alibaba Revenue Misses Views Amid Weaker Chinese Economy, Competition
Adjusted earnings before interest, taxes, depreciation and amortization declined about 4% to 47.33 billion yuan in its fiscal second quarter.Business - The Wall Street Journal - 4 days ago -
McDonald’s earnings: Weaker demand, E. coli outbreak in focus — but sales seen at highest in years
As McDonald’s readies its third-quarter earnings report Tuesday, Wall Street is focused on demand from lower-income diners, as well as a recent E. coli outbreak.Business - MarketWatch - October 28 -
Cowboys trade interest was already risky. With Dak Prescott's injury, their argument is even weaker
Dallas needs to think critically about 2024 investment, because it's now a risky endeavor.Sports - Yahoo Sports - November 4 -
Bitcoin surges 10% to a record above $76,000 as Trump victory heralds wider crypto adoption and weaker regulation
Crypto assets rose as investors bet that a second Trump administration will widen fiscal deficits and boost bitcoin as a hedge against higher inflation.Business - CNBC - November 6 -
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 -
'Exploitative' children's home profits to be curbed
The new measures aim to stop private care home providers benefiting excessively from a stretched system.Top stories - BBC News - Yesterday -
Chase Revenue Versus Build Profit
Five ways to strike the balance for sustainable growth.Business - Inc. - Yesterday -
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 shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.Business - CNBC - 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 -
Hasbro’s third-quarter profit beats expectations, but its stock slips
Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.Business - MarketWatch - 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 - October 27 -
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 - October 29 -
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 - October 29 -
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 - October 29 -
Santander's Profit Beats Expectations on Lower Provisions, Costs
Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...Business - The Wall Street Journal - October 29 -
UK borrowing costs hit post-election high on eve of Reeves’ first Budget
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - October 30 -
StanChart to double investment in wealth management as profits rise
Wealth business had record quarter as revenues rose 32%Business - Financial Times - October 30 -
UBS reports better than expected profits
Swiss bank’s markets business helped by increase in volatilityBusiness - Financial Times - October 30 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
Next profits poised to top £1bn for first time
UK retail bellwether raises outlook for third time in three months on the arrival of colder weatherWorld - Financial Times - October 30 -
Volkswagen Profit Shrinks as Unions Threaten Strike
Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.Business - The New York Times - October 30 -
Reddit shares close up 42% on profitability, rosy guidance
Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.Business - CNBC - October 30 -
Samsung Sees Progress in Memory Chips for AI After Delays
The South Korean tech giant reported better-than-expected net profit but earnings in its core semiconductor business shrank sharply.Tech - The Wall Street Journal - October 31