Today: September 13, 2024
Today: September 13, 2024

Earnings

Business|Economy|Finance

BNP Paribas' retail weakness takes shine off equity trading boost

France's BNP Paribas exceeded expectations with a big jump in earnings on Wednesday thanks to a boost in equities trading, although a sharp drop in net interest

BNP Paribas' retail weakness takes shine off equity trading boost
Business|Economy|Europe|Finance

Deutsche Bank's profit streak ends with big lawsuit provision

Deutsche Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros ($1.41 billion) as a provision for

Deutsche Bank's profit streak ends with big lawsuit provision
Business|Economy|Finance

US refiners' Q2 profits fall on low margins, soft fuel demand

U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that weakened refining margins,

US refiners' Q2 profits fall on low margins, soft fuel demand
Business|Economy

Lower G700 business jet deliveries hit General Dynamics results, shares fall

General Dynamics reported second-quarter revenue above Wall street estimates on Wednesday, but profit slightly missed and fewer high end jets

Lower G700 business jet deliveries hit General Dynamics results, shares fall
Business|Finance|Health

Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement

Thermo Fisher on Wednesday raised its annual profit outlook and posted a better-than-expected second-quarter profit, banking on improved demand for its tools and services used in clinical

Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement
Business|Technology

AT&T beats estimates for subscriber additions on demand for higher-priced plans

AT&T exceeded market expectations for wireless subscriber additions in the second quarter as the telecom operator's higher-tier unlimited plans attracted

AT&T beats estimates for subscriber additions on demand for higher-priced plans
Business|Economy|Finance

Utility NextEra reports Q2 profit miss as segment sales slide

NextEra Energy on Wednesday reported a lower-than-expected profit in the second quarter, partly hurt by lower segment sales and higher interest rates.

Utility NextEra reports Q2 profit miss as segment sales slide
Business|Economy|Finance

Exchange operator CME's profit beats estimates on record trading volumes

CME Group on Wednesday beat analyst estimates for its second-quarter profit, as the exchange operator notched record trading volumes, with investors rushing to manage

Exchange operator CME's profit beats estimates on record trading volumes
Business|Economy|Europe|Finance

Euro zone banks see investment banking boost but outlook stalls shares

The euro zone's biggest banks largely beat second quarter earnings expectations on Wednesday, benefiting from still-high

Euro zone banks see investment banking boost but outlook stalls shares
Business|Economy|Finance

Higher pricing, volumes seen easing hit from slowing coal demand for US rail firms

A pick up in intermodal and vehicle shipment volumes combined with higher pricing are expected to blunt the impact from slowing coal demand on second-quarter earnings for

Higher pricing, volumes seen easing hit from slowing coal demand for US rail firms
Business|Economy|Europe

Carrefour looks to second half with confidence as France, Brazil lift H1 profit

Carrefour on Wednesday upheld its end-year profit and cashflow targets, saying it looked to the second half of the year with confidence as its French and

Carrefour looks to second half with confidence as France, Brazil lift H1 profit
Business|Economy|Europe|Fashion and Beauty

Gucci-owner Kering forecasts 30% fall in H2 operating profit on sluggish China demand

Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group works to revive its key label Gucci

Gucci-owner Kering forecasts 30% fall in H2 operating profit on sluggish China demand
Business|Economy|Europe

Renault sticks to 2024 outlook as first-half profit beats estimates

Renault posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches,

Renault sticks to 2024 outlook as first-half profit beats estimates
Business|Economy|Finance

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading

Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading
Business|Technology

IBM gets lift from software, AI demand as consulting slips

IBM beat analysts' estimates for second-quarter revenue and raised its annual growth forecast for its software business on Wednesday, riding on higher AI-linked spending

IBM gets lift from software, AI demand as consulting slips
Business|Economy|Finance

Chipotle tops quarterly estimates, warns of margin pressure going forward

Chipotle Mexican Grill surpassed Wall Street estimates for quarterly sales and profit on Wednesday as demand for its rice bowls and burritos held up

Chipotle tops quarterly estimates, warns of margin pressure going forward
Business|Economy|Technology

Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled

Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled

Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled
Business|Economy|Finance

Ameriprise Financial's profit jumps on fee income strength

Ameriprise Financial posted a 9% jump in second-quarter adjusted profit on Wednesday as rising client asset values boosted the financial adviser's fee-based income.

Ameriprise Financial's profit jumps on fee income strength
Business|Europe|Health

Germany's Merck raises 2024 forecast on healthcare, electronics units' performance

Germany's Merck on Friday raised its forecast for the group, mainly driven by a strong operating performance at its healthcare and electronics units.

Germany's Merck raises 2024 forecast on healthcare, electronics units' performance
Americas|Business|Economy

Mexican breadmaker Bimbo's Q2 profit drops 16%

Mexican breadmaker Bimbo's second-quarter net profit slipped by 16.3% compared to the same period last year to 3.32 billion pesos ($181.56 million), the firm reported on

Mexican breadmaker Bimbo's Q2 profit drops 16%
Business|Economy|Health

AstraZeneca raises profit outlook on strong medicines demand

Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday after beating analyst expectations for second-quarter

AstraZeneca raises profit outlook on strong medicines demand
Business|Economy|Health

Swiss pharma firm Lonza's profit falls less than feared, shares rise

Swiss contract drug manufacturer Lonza reported a smaller-than-expected decline in first-half profit on Thursday, as a strong performance in its core

Swiss pharma firm Lonza's profit falls less than feared, shares rise
Business|Economy|Finance|Health

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products

Sanofi on Thursday raised its full-year profit outlook after strong demand for blockbuster asthma drug Dupixent and better-than-expected sales of new launches helped its

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products
Business|Finance|Health

Roche lifts 2024 profit guidance on strong drug sales

Roche on Thursday raised its full-year earnings forecast after exceeding expectations for the first half, driven by strong demand for newer drugs such as eye

Roche lifts 2024 profit guidance on strong drug sales
Economy|Finance|Stock Markets

Megacap stock selloff shows investor concerns about too much tech

A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street's vulnerability to any weakness

Megacap stock selloff shows investor concerns about too much tech

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