corporate-profits
Top StoriesAir France-KLM Beats Earnings Forecasts as Summer Bookings Take Off
Top StoriesEuropean Shares Slammed by Lacklustre Earnings, Fed Jitters
Top StoriesLacklustre Earnings, Fed Nerves Weigh on European Shares
Top StoriesBelgium’s Solvay Hikes 2022 Profit Forecast After First-Quarter Beat
Aluminium Maker Hydro Warns of Rising Costs After Record Q1 Profit
Date: May 3, 2022
OSLO (Reuters) -Norwegian aluminium maker Norsk Hydro reported on Tuesday record quarterly profits that beat expectations, but also warned of rising costs ahead due to inflation and logistics disruptions, hitting its shares. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) more than doubled to 11.2 billion crowns ($1.19 billion) in the January-March quarter from...
Miners, Earnings Lift European Stocks at End of Choppy April
Date: April 29, 2022
By Sruthi Shankar and Susan Mathew (Reuters) -European shares on Friday rose to their highest in a week as strong earnings reports and a rally in miners boosted risk appetite at the end of a volatile month dominated by concerns about slowing global growth. The pan-European STOXX 600 index rose 0.7%, trimming its monthly declines...
Exxon Earnings Hurt by Russia Exit, Triples Buybacks on High Oil Prices
Date: April 29, 2022
By Sabrina Valle and Shariq Khan (Reuters) – Exxon Mobil Corp said on Friday it doubled its first-quarter per-share profit, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia. The top U.S. oil producer tripled the size of its buyback program, similar to other...
Material Costs, Ukraine War Lead Henkel to Expect Lower Profits
Date: April 29, 2022
DUESSELDORF, Germany (Reuters) – German consumer goods group Henkel said on Friday it was lowering its profit forecasts for 2022 in light of stronger-than-expected increases in materials costs and the consequences of the Russian invasion of Ukraine. However, the maker of Persil washing detergents and Pritt glue is more optimistic than before about sales growth...
NatWest Profit Jumps as Cost-Of-Living Crisis Looms
Date: April 29, 2022
By Iain Withers and Lawrence White LONDON (Reuters) – British lender NatWest posted a 41% jump in first-quarter profit on Friday, as rising rates boosted income even as they threaten to further squeeze household incomes. While banks have benefitted from the end of COVID-19 lockdowns and higher benchmark rates, NatWest CEO Alison Rose said she...
Strong Earnings Spur Rally Across European Stocks
Date: April 28, 2022
By Sruthi Shankar (Reuters) -European shares rallied in morning trade on Thursday, as forecast-beating results from companies including energy major TotalEnergies and automaker Volvo helped set aside worries about slowing global economic growth. The pan-European STOXX 600 index rose 1.3%, extending gains for a second day, with all regional bourses in the black. Automakers rallied...