corporate-profits
Top StoriesInvestors Worry That U.S. Profit Forecasts Are Too High
Top StoriesSuedzucker Raises Full-Year Guidance, Plans to Pass Price Increases Onto Customers
InvestingUK Shares Climb on Boost From Financial Stocks, Strong Results
Top StoriesHarry Potter Publisher Hands Out Meaty Dividend After Bumper Profits
Microsoft Warns of Forex Hit, Cuts Forecast
Date: June 2, 2022
(Reuters) -Microsoft Corp on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest U.S. company to warn of a hit from a stronger greenback and sending its shares down 3%. A hawkish Federal Reserve and heightened geopolitical tensions have driven a 14% gain in the dollar against a basket of currencies...
Stocks Slump as Snap Cracks Rally, Lagarde Lifts Euro
Date: May 24, 2022
By Lawrence White LONDON (Reuters) – Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom. Nasdaq futures lost 2.06%, with traders blaming an earnings warning from Snap which saw shares...
Royal Mail’s Profit Outlook Shaky on Labour Dispute; Shares Slide
Date: May 19, 2022
By Yadarisa Shabong (Reuters) -Britain’s Royal Mail said on Thursday the pay dispute with its largest labour union is a “key uncertainty” for the group this fiscal year after 2021-22 profit missed analysts’ estimates, sending shares 12% lower. The Communication Workers Union (CWU), which represents more than a hundred thousand Royal Mail postal workers, had...
FTSE 100 Tumbles 2% on Global Slowdown Worries
Date: May 19, 2022
By Sruthi Shankar (Reuters) -UK’s FTSE 100 tumbled on Thursday as investors globally fretted over the broadening impact of inflation on economic growth and corporate profits, while Royal Mail slumped after reporting disappointing results. The blue-chip index dropped 2.1%, joining a rout in Asian and European markets after Wall Street’s main indexes sank overnight due...
Hapag-Lloyd Q1 Net Profit More Than Triples, Expects Strong Q2
Date: May 12, 2022
FRANKFURT (Reuters) -German container shipping group Hapag-Lloyd on Thursday reported first-quarter net profit of 4.2 billion euros ($4.4 billion), more than triple the number a year ago and, forecast another strong performance for the second quarter. “The year has got off to an exceptionally strong start on the whole, and whilst there have been first...
Retailer Ahold Lifts Earnings Forecast After Q1 Beat
Date: May 11, 2022
By Anthony Deutsch AMSTERDAM (Reuters) – Supermarket group Ahold Delhaize raised its full-year earnings forecast on Wednesday after reporting a smaller than expected fall in first-quarter core income as people started to eat out more following the easing of COVID restrictions. The Dutch-Belgian retailer, which makes most of its sales in the United States, said...