Today: September 20, 2024
Today: September 20, 2024

Earnings

Business|Health

Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices

Medtech firm Zimmer Biomet Holdings beat Wall Street estimates for first-quarter profit on Thursday, on the back of robust demand for its devices that are used in knee and hip

Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices
Business|Economy

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss

Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates, as

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss
Business|Economy

Moody's tops quarterly profit estimates on strong product demand

Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.

Moody's tops quarterly profit estimates on strong product demand
Business|Economy|Health

Moderna quarterly sales beat expectations but plummet from previous year

Moderna on Thursday reported quarterly revenue that beat Wall Street estimates but came in dramatically lower than the previous year when demand for COVID-19 vaccines

Moderna quarterly sales beat expectations but plummet from previous year
Business|Economy

StanChart profit beats forecasts as fee income boost offsets credit losses

Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and

StanChart profit beats forecasts as fee income boost offsets credit losses
Business|Economy

Weakness in Europe drives down Daimler Truck shares

Daimler Truck shares fell as much as 6.5% on Friday as the German truck and busmaker highlighted weakness in its European market after reporting

Weakness in Europe drives down Daimler Truck shares
Business|Economy|News

Pioneer reports lower profit ahead of its takeover by Exxon

Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices. Earlier in the day, the U.S.

Pioneer reports lower profit ahead of its takeover by Exxon
Business|Economy|Health

Illumina reaffirms annual revenue forecast over continued sluggish demand

Illumina reiterated its 2024 revenue forecast on Thursday, expecting continued weak demand from its customers such as medical research labs and hospitals.

Illumina reaffirms annual revenue forecast over continued sluggish demand
Business|Economy

LNG producer Cheniere's export volumes fuel core profit beat

Top U.S. liquefied natural gas producer Cheniere Energy beat adjusted core profit estimates on Friday, as higher-than-expected export volumes countered lower natural gas prices.

LNG producer Cheniere's export volumes fuel core profit beat
Business|Economy

SocGen's weak prospects in French retail hits shares

Societe Generale shares fell more than 5% on Friday after the bank's CFO flagged that net interest income in 2024 from the group's French retail business would be

SocGen's weak prospects in French retail hits shares
Business|Economy

Germany's Henkel raises 2024 outlook on strong Q1

German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.

Germany's Henkel raises 2024 outlook on strong Q1
Business|Economy

Spirit Airlines warns of more pain from grounded jets, excess capacity

Spirit Airlines on Monday forecast a loss in the second quarter as its earnings continue to reel from the grounding of a number of its aircraft as

Spirit Airlines warns of more pain from grounded jets, excess capacity
Business|Economy

Loews reports higher profit on strong returns on investment income

Loews Corp on Monday reported a near 22% jump in first-quarter profit compared with the previous year, helped by higher premiums and strong returns on its investments.

Loews reports higher profit on strong returns on investment income
Business|Economy

Embraer reaffirms 2024 outlook, says no plans for new narrowbody

Brazilian planemaker Embraer on Tuesday reaffirmed its full-year outlook after posting a smaller first-quarter net loss, while rebuffing speculation that it

Embraer reaffirms 2024 outlook, says no plans for new narrowbody
Business|Entertainment

Disney reports shrinking TV business, shares tumble

Walt Disney's surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box

Disney reports shrinking TV business, shares tumble
Business|Economy|Technology

Disney's streaming business turns a profit in first financial report since challenge to Iger

The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business was profitable

Disney's streaming business turns a profit in first financial report since challenge to Iger
Business|Economy|Technology

GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery

GlobalFoundries forecast second-quarter revenue above Wall Street estimates on Tuesday, betting on improving demand for semiconductors after a years-long slump that was caused by surplus

GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
Business|Technology

Brazil's Telefonica quarterly profit rises 7%, but misses forecasts

Brazilian telecommunications operator Telefonica Brasil posted on Tuesday a net profit below analysts' expectations, even though it increased by 7.3% in the first quarter from a

Brazil's Telefonica quarterly profit rises 7%, but misses forecasts
Business|Economy

Retailer Falabella posts first-quarter profit on Peru business

Chilean retailer Falabella on Tuesday posted a net profit for the first quarter, reversing a year-ago loss, boosted by operations in Peru.

Retailer Falabella posts first-quarter profit on Peru business
Business|Economy|Technology

Uber shares tumble as weaker ride-share demand hurts Q2 forecast

Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending its shares down 9% and putting the ride-share and food delivery

Uber shares tumble as weaker ride-share demand hurts Q2 forecast
Business|Economy|Technology

Bumble revenue beats estimates on paying users strength, shares jump

Bumble beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users, sending the company's shares up more than 9% in aftermarket

Bumble revenue beats estimates on paying users strength, shares jump
Business|Lifestyle|Travel

Airbnb forecasts weaker Q2 revenue despite robust demand for international travel

Airbnb

Airbnb forecasts weaker Q2 revenue despite robust demand for international travel
Business|Economy|Food

Beyond Meat reports wider-than-expected Q1 loss, sales decline

Beyond Meat posted a wider-than-expected quarterly loss and an 18% drop in revenue on Wednesday as its higher priced plant-based meat products hit volumes.

Beyond Meat reports wider-than-expected Q1 loss, sales decline
Business|Economy|News|World

Japanese automaker Nissan reports 92% jump in profit as sales surge

Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China

Japanese automaker Nissan reports 92% jump in profit as sales surge
Business|Economy|Technology|Travel

Airbnb slumps as gloomy forecast fans slowdown fears

Airbnb shares tumbled nearly 7% in afternoon trading on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took

Airbnb slumps as gloomy forecast fans slowdown fears

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