Today: September 12, 2024
Today: September 12, 2024

Earnings Report

Business|Europe|Finance|Stock Markets

LVMH shares drop after missing second-quarter estimates

Shares in LVMH fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-

LVMH shares drop after missing second-quarter estimates
Business|Finance|Stock Markets

Frozen food supplier Lamb Weston provides dour annual forecasts on weak demand

Lamb Weston forecast its annual sales and profit below analysts' expectations on Wednesday, as higher prices of its frozen food products begin to hurt volumes, sending its shares plunging

Frozen food supplier Lamb Weston provides dour annual forecasts on weak demand
Business|Economy|Technology

Ford profit disappoints, stock falls 11% as quality issues dog automaker

Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is

Ford profit disappoints, stock falls 11% as quality issues dog automaker
Business|Economy|Europe

Swiss skin care firm Galderma flags prospects, but shares slip

Switzerland's Galderma signalled sales growth would be at the upper end of its target range in 2024 after publishing half-year results, but its shares fell in a choppy market amid

Swiss skin care firm Galderma flags prospects, but shares slip
Business|Europe|Technology

Vodafone's growth slows as Germany goes into reverse

Vodafone reported a slow down in top-line growth on Thursday, ending four quarters of accelerating improvement, after law changes related to selling TV services in

Vodafone's growth slows as Germany goes into reverse
Asia|Business|Economy

Nissan profit wiped out by US discounts; shares hammered

Japan's Nissan Motor slashed its annual outlook on Thursday after deep discounting in the United States almost completely wiped out the automaker's first-quarter

Nissan profit wiped out by US discounts; shares hammered
Business|Economy|Finance

Nestle, Unilever sales disappoint as consumers hunt for value

Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers.

Nestle, Unilever sales disappoint as consumers hunt for value
Business|Economy|Finance|Stock Markets

Ford slips as higher costs, EV unit take a toll on profit growth

Ford Motor's shares tumbled over 13% to a near six-month low on Thursday after the automaker missed second-quarter profit estimates, as it struggles with quality-related

Ford slips as higher costs, EV unit take a toll on profit growth
Business|Economy|Europe

Carmaker Stellantis pledges to tackle problems in North America as profits plunge

Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings

Carmaker Stellantis pledges to tackle problems in North America as profits plunge
Business|Economy|Finance

Union Pacific reports quarterly profit above estimates on higher pricing, volumes

U.S. railroad operator Union Pacific reported its second-quarter profit above Wall Street estimates on Thursday, as strong pricing and increased volumes more than offset reduced fuel

Union Pacific reports quarterly profit above estimates on higher pricing, volumes
Business|Entertainment|Finance

Universal Music Group shares drop 30% as streaming growth disappoints

Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second

Universal Music Group shares drop 30% as streaming growth disappoints
Business|Economy|Finance

Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena

Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations

Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena
Business|Economy|Fashion and Beauty

Deckers Outdoor raises FY profit target on strong Hoka, UGG demand

Deckers Outdoor raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm's Hoka

Deckers Outdoor raises FY profit target on strong Hoka, UGG demand
Business|Economy|Finance|Stock Markets

Norfolk Southern beats second-quarter profit estimates on higher pricing

U.S. railroad operator Norfolk Southern reported second-quarter profit above Wall Street estimates thanks to robust pricing, sending its shares up nearly 7% on Thursday.

Norfolk Southern beats second-quarter profit estimates on higher pricing
Business|Technology

UK's Virgin Media O2 loses more than 100,000 mobile contract customers

British broadband and mobile operator Virgin Media O2 lost 118,400 mobile contract customers in the second quarter, reflecting weakness in the top-end of the market where innovation

UK's Virgin Media O2 loses more than 100,000 mobile contract customers
Business|Economy|Finance|Stock Markets

3M shares soar as strong results highlight cost cuts, growth push

3M's shares soared to a near two-year high on Friday following the industrial conglomerate's quarterly results that underscored its focus on investing in high-growth

3M shares soar as strong results highlight cost cuts, growth push
Business|Economy|Finance

Health insurer Centene confident about improving costs next year

Centene Corp said on Friday it expects medical costs to improve next year as states catch up with reassessment of enrollments for its Medicaid plans that

Health insurer Centene confident about improving costs next year
Business

American Airlines lost $545 million in the third quarter on higher labor costs while rivals prosper

American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs

American Airlines lost $545 million in the third quarter on higher labor costs while rivals prosper
Business|News

Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreads

A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that

Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreads
Business

NextEra beats Q3 profit estimates on strength of renewables businesses

NextEra Energy reported third-quarter profit that beat Wall Street estimates on Tuesday, on the back of higher retail sales at its utilities business and additional projects at its

NextEra beats Q3 profit estimates on strength of renewables businesses
Business

Microsoft beats quarterly revenue estimates

Microsoft on Tuesday beat Wall Street estimates for first-quarter results in all segments, driven particularly by strength in its cloud computing and PC businesses.

Microsoft beats quarterly revenue estimates
Business

Norfolk Southern profit slumps, takes $163 million charge on Ohio derailment

U.S. railroad operator Norfolk Southern's third-quarter profit slumped 41% on Wednesday as the company took another hefty charge related to the Eastern Ohio freight train derailment.

Norfolk Southern profit slumps, takes $163 million charge on Ohio derailment
Business

Northrop Grumman lifts 2023 revenue outlook on weapons demand

U.S. defense company Northrop Grumman on Thursday raised its annual revenue target for the second time this year after reporting a jump in third-quarter

Northrop Grumman lifts 2023 revenue outlook on weapons demand
Business

Newmont misses quarterly profit estimates, Penasquito ramp-up underway

Newmont Corp on Thursday fell short of Wall Street estimates for third-quarter profit, as the world's largest gold miner struggled with weak production after a strike at its Mexico mine

Newmont misses quarterly profit estimates, Penasquito ramp-up underway
Business

Baker Hughes raises full year revenue forecast on demand for LNG equipment

Oilfield and liquefied natural gas supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas (LNG) equipment

Baker Hughes raises full year revenue forecast on demand for LNG equipment

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