corporate-profits
Top StoriesFlutter’s Full-Year Earnings Turnaround Forecast Sends Shares Higher
Top StoriesAnalysis: Is Netflix Envy Over in Hollywood? Not Quite
Top StoriesHapag-Lloyd More Than Trebles H1 Net Profit, Sees Economic Uncertainty
Top StoriesWind Turbine Maker Vestas Says Price Power Improving, Shares Jump
Wall Street Steadies After U.S. Jobs Report Sell-Off
Date: August 8, 2022
By Lawrence Delevingne and Tom Wilson (Reuters) – U.S. and global stock markets gained ground on Monday, recovering from losses sparked by a strong U.S. jobs report last week that bolstered the case for sharp interest rate hikes, while the dollar weakened and government bond yields fell. On Wall Street, the Dow Jones Industrial Average...
Wpp Boosts Sales Outlook but Falls Short of Investors’ Expectations
Date: August 5, 2022
By Sachin Ravikumar and Joice Alves LONDON (Reuters) -WPP upgraded its annual net sales outlook on Friday thanks to higher client spending but shares in the world’s largest advertising group slid nearly 8% as the news failed to excite investors expecting stronger forecasts. The results come as investors and analysts look to gauge how advertising...
Glencore Shareholders Get $4.5 Billion Windfall as Coal Prices Soar
Date: August 4, 2022
By Clara Denina and Muhammed Husain LONDON (Reuters) – Shareholders in Glencore reaped a multi-billion dollar windfall on Thursday, as the company’s adherence to thermal coal mining at a time of soaring prices of the material generated record profits for the mining and commodity trading group. Unlike rivals which bowed to investor pressure to exit...
Voestalpine Warns Outlook Depends on Continued Gas Supplies
Date: August 4, 2022
BERLIN (Reuters) – Austria’s Voestalpine warned on Thursday that it expected a significant cooling of the economy in the second half of its fiscal year and said its earnings guidance depended on Europe continuing to receive sufficient supplies of natural gas. The group last month said it expected to reach the upper end of its...
Merck KGaA Profit Gets Boost From Dollar, Outweighing Higher Costs
Date: August 4, 2022
By Ludwig Burger (Reuters) -Germany’s Merck KGaA saw adjusted earnings rise 13.1% in the second quarter as higher revenues from its biotech lab equipment and its chemicals for semiconductor production were further bolstered by currency tailwinds. Second-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, rose to 1.78 billion euros ($1.81 billion),...
Commerzbank Sees Energy and Growth ‘clouds’ After Q2 Profit Beat
Date: August 3, 2022
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Germany’s Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was on track to meet its profit target despite “clouds” on the horizon. The return to profit at Germany’s No. 2 bank is a...