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

Earnings

Business|Economy

OCBC posts record Q1 profit, makes $1 billion bid to take Great Eastern private

Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit

OCBC posts record Q1 profit, makes $1 billion bid to take Great Eastern private
Business|Technology

Foxconn's Q1 profit to jump from low base, AI to power growth

Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Tuesday that first-quarter profit more than doubled on robust demand for artificial

Foxconn's Q1 profit to jump from low base, AI to power growth
Business|Economy

European banks' Goldilocks rally tempts back buyers... and bears

Investors are racing back into European bank stocks after a surprisingly upbeat earnings season, pushing their shares to multi-

European banks' Goldilocks rally tempts back buyers... and bears
Business|Economy

Bayer's first-quarter adjusted profit falls less than expected

Bayer beat first-quarter analyst forecasts as it reported a slight drop in adjusted earnings on Tuesday, providing a respite for the CEO's turnaround efforts.

Bayer's first-quarter adjusted profit falls less than expected
Business|Economy|News|World

Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales

Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to spring

Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Business|Economy

Home Depot sales drop more than expected as wary customers delay big projects

Home Depot posted a bigger-than-expected drop in quarterly same-store sales on Tuesday as cautious Americans shelled out less for big-ticket items while focusing on small-

Home Depot sales drop more than expected as wary customers delay big projects
Business|Economy

Brazil cosmetics maker Natura widens net loss in Q1 but margins rise

Brazilian cosmetics maker Natura &Co reported late on Monday a net loss of 934.9 million reais ($181.29 million) for the first quarter, larger than the 652 million-real loss it

Brazil cosmetics maker Natura widens net loss in Q1 but margins rise
Business|Economy|Technology

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine

China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine
Business|Economy

Thyssenkrupp cuts profit forecast as steel demand wanes

German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand

Thyssenkrupp cuts profit forecast as steel demand wanes
Business|Economy

Allianz posts better-than-expected 22% increase in Q1 net profit

Germany's Allianz posted a better-than-expected 22% rise in first-quarter net profit, helped by strength in its property and casualty insurance business, the company said on

Allianz posts better-than-expected 22% increase in Q1 net profit
Business|Economy

Japan's top bank MUFG posts narrower-than-expected Q4 decline

Mitsubishi UFJ Financial Group (MUFG) posted a narrower-than-expected decline in fourth-quarter profit on Wednesday, and forecast slight profit growth in the current financial year.

Japan's top bank MUFG posts narrower-than-expected Q4 decline
Business|Economy

Siemens misses profit forecast as customers stick to trend of destocking

Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected.

Siemens misses profit forecast as customers stick to trend of destocking
Business|Economy

Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue

Walmart is reporting another quarter of strong results as its low prices pull in shoppers scouring for discounts with inflation stubbornly high

Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue
Business|Economy

Walmart's strong forecast sparks stock surge to record high

Walmart raised its full-year forecast and reported better-than-expected quarterly results on Thursday, betting that easing inflation will drive

Walmart's strong forecast sparks stock surge to record high
Business|Economy

Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors

Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops

Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors
Business|Technology

Wall Street bets on stellar quarterly results from Nvidia

Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can

Wall Street bets on stellar quarterly results from Nvidia
Business|Economy|Technology

Palo Alto's quarterly billings forecast fails to impress investors, shares fall

Palo Alto Networks' fourth-quarter billings forecast disappointed investors on Monday, a sign of tight corporate spending on cybersecurity solutions, sending its shares down more than 8% in

Palo Alto's quarterly billings forecast fails to impress investors, shares fall
Business|Technology

Zoom lifts annual forecasts on robust demand amid AI push

Zoom Video Communications on Monday raised its annual forecast for profit and revenue, helped by robust demand for its product portfolio as companies continue to adopt hybrid work.

Zoom lifts annual forecasts on robust demand amid AI push
Business|Economy

Lowe's warns of margin pressure in Q2 on muted home improvement demand

Lowe's on Tuesday warned of operating margin pressure in the current quarter as the home improvement chain expects to see muted demand, overshadowing its smaller-than-

Lowe's warns of margin pressure in Q2 on muted home improvement demand
Business|Economy

Macy's lifts annual profit forecast as new CEO's revamp takes root

Macy's raised its profit forecast for the year on Tuesday, as its new CEO's turnaround plan helped to shield the department store chain from

Macy's lifts annual profit forecast as new CEO's revamp takes root
Business|Economy

Canadian banks' quarterly profits seen pressured by higher bad-debt provisions

Canadian banks are expected to set aside money for challenging days, which will hurt quarterly earnings, as investors await commentary on how the lenders will

Canadian banks' quarterly profits seen pressured by higher bad-debt provisions
Business|Economy|Technology

Earnings from AI-heavyweight Nvidia to test US stocks’ record run

Earnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record

Earnings from AI-heavyweight Nvidia to test US stocks’ record run
Business|Economy

S&P 500 to end 2024 around current levels after strong run: Reuters poll

The Standard & Poor's 500 will end the year near current levels, but strong stock market gains so far in 2024 have some strategists saying the index is at

S&P 500 to end 2024 around current levels after strong run: Reuters poll
Business|Economy

Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand

TJ Maxx parent TJX Cos posted better-than-expected first-quarter results and raised its annual profit forecast on easing costs and strong demand for its affordable

Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
Business|Economy|Technology

Analog Devices forecasts robust quarterly revenue on chip market recovery

Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its industrial chips after a prolonged slump, sending its shares up

Analog Devices forecasts robust quarterly revenue on chip market recovery

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