corporate-profits
InvestingHarley-Davidson Profit Drops on Rising Costs and Chip Shortages
Top StoriesHigh Demand Pushes Puma’s Q1 Results Above Expectations
BusinessGe Shares Slump as Supply Chain, Inflationary Woes Threaten Profit Outlook
Top StoriesUps Shares Fall as Consumer Caution Dims E-Commerce Outlook
PepsiCo Raises Revenue Forecast on Boost From Price Increases
Date: April 26, 2022
(Reuters) -PepsiCo Inc beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases. Pandemic-induced disruptions to the global supply chain and runaway inflation have sent costs soaring on everything from aluminum cans to labor and...
FTSE 100 Snaps 3-day Losing Streak; Ab Foods Slumps on Earnings Update
Date: April 26, 2022
By Devik Jain (Reuters) -London’s FTSE 100 climbed on Tuesday after a three-day selloff, as shares of miners and homebuilders rose, while HSBC Holdings and Associated British Foods slid following earnings updates. The blue-chip index added 0.6% after closing at its lowest since March 18 on Monday. Glencore led gains among miners with its 1.9%...
Schindler Profit Lower but Beats Estimate
Date: April 22, 2022
By Ana CanteroRos and Alexander Kloss (Reuters) – Swiss elevator and escalator maker Schindler on Friday reported a drop in first-quarter net profit but beat the consensus forecast despite supply chain woes, cost inflation, coronavirus lockdowns and market contraction in China. The company’s net profit of 144 million Swiss francs ($151.07 million) was below the...
Holcim Shares Surge After Guidance Upgrade and Earnings Beat
Date: April 22, 2022
By John Revill ZURICH (Reuters) -Holcim raised its full-year sales outlook on Friday after posting forecast-beating first quarter results, helped by price hikes to offset surging energy costs and new acquisitions in its roofing business. The Swiss company’s shares rose 6% in early trade after it exceeded analysts’ expectations for sales and earnings, a performance...
Big Companies Manage to Pass on Soaring Costs to Cash-Strapped Consumers
Date: April 21, 2022
By John Revill ZURICH (Reuters) -Makers of chocolate bars and coffee to lawn mowers and industrial robots succeeded in passing on soaring costs to consumers, first-quarter earnings showed on Thursday, allaying fears higher prices could dent demand for their products. Some of Europe’s biggest companies reported first quarter sales increases, with KitKat maker Nestle, Evian...
Germany’s Evonik Beats Earnings Expectations on Higher Pricing
Date: April 21, 2022
(Reuters) -German chemicals group Evonik Industries on Thursday reported better-than-expected adjusted quarterly core profit, as higher selling prices offset an increase in variable costs, including energy prices. The company, which makes ingredients for products ranging from animal feed and diapers to Pfizer/BioNTech’s COVID-19 vaccine, reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of...