corporate-profits
InvestingPorsche Se Earnings Down a Third as German Carmakers Struggle
BusinessChemicals Maker Basf India Q2 Profit Falls 14% on Higher Input Costs
BusinessSoftBank Swings Back to Quarterly Profit With $7.7 Billion Gain
BusinessAstraZeneca Lifts 2024 Revenue and Profit Forecast After Q3 Beat
Spain’s Melia Books 24% 9-month Net Profit Increase as Summer Sales Soar
Date: November 11, 2024
MADRID (Reuters) – Spain’s largest hotel chain, Melia Hotels, on Monday said its net profit over the first nine months of the year rose 24% to 118.6 million euros ($126.83 million) beating analysts’ expectations, thanks to a good summer season. The company also said it reaped the benefits of its investments in luxury rooms in...
Continental Cuts Sales Guidance, Posts Q3 Profit Beat
Date: November 11, 2024
(Reuters) – German automotive and industrial supplier Continental on Monday cut its sales guidance for the second time this year, blaming weak demand in Europe and North America, even as it posted third-quarter core profit above expectations. Continental now expects sales for 2024 to be between 39.5 and 42 billion euros ($42.9 and $45 billion),...
Ikea Reports Higher Profit Despite Revenue Hit From Price Cuts
Date: November 9, 2024
(Corrects paragraph 8 to show new factory was opened in Slovakia, not Slovenia) By Helen Reid LONDON (Reuters) – Inter IKEA, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its range of products like...
Monster Beverage Misses Quarterly Results on Weaker Demand
Date: November 8, 2024
(Reuters) – Monster Beverage missed Wall Street estimates for third-quarter sales and profit on Thursday, as cost-conscious consumers cut back spending on its higher-priced beverages. Shares of the company were down about 3% after the bell. Consumers, especially from low to middle-income groups, have been curbing their cravings for branded non-alcoholic drinks and opting for...
Wk Kellogg Beats Third-Quarter Estimates on Demand, Higher Prices
Date: November 8, 2024
(Reuters) – WK Kellogg beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by robust consumer demand for its ready-to-eat cereals, including Froot Loops and Apple Jacks. Shares of the Battle Creek, Michigan-based company rose about 10% in premarket trading as higher product pricing and cost-cutting efforts bolstered results. Despite raising prices,...
AngloGold Ashanti Q3 Earnings Rebound on Higher Gold Price
Date: November 7, 2024
(Reuters) – AngloGold Ashanti rebounded to a third-quarter profit on higher gold prices, after suffering a loss in the corresponding period due to restructuring costs and other one-off factors, the miner said on Thursday. The gold miner reported headline earnings of $236 million in the quarter to Sept. 30, compared to a headline loss of...