corporate-profits
BusinessPringles-Maker Kellanova Beats Quarterly Sales, Profit Estimates on Steady Demand
FinanceVw Proposes 10% Pay Cut to Tackle Crisis
InvestingKraft Heinz Trims 2024 Forecasts on Lunchables Drag, Tepid Demand
BusinessOutokumpu Warns of Worsening Steel Markets After Q3 Profit Beat
Analysis-Ford Investors Impatient for the Automaker to Boost Efficiency Efforts
Date: October 30, 2024
By Nora Eckert DETROIT (Reuters) -Ford Motor stock has tumbled about 8% so far this week after the company faltered on CEO Jim Farley’s mission to improve efficiency in its traditional gasoline-engine operations, whose profits the company needs to fund its expensive electric vehicle plans. Quality and warranty problems, supplier issues and waste in the...
Top Chinese Airlines’ Profits Fall as Flagging Economy Pressures Fares
Date: October 30, 2024
By Lisa Barrington and Sophie Yu SEOUL/BEIJING (Reuters) – China’s top three state-owned airlines reported profit declines in the third quarter despite record summer passenger numbers and fuller planes than last year, as a slowdown in domestic economic growth pushes flyers to seek cheaper fares. Beijing-headquartered Air China on Wednesday reported a net profit of...
Basf Sees 2024 Profit at Lower End of Range on Weaker Auto, Agriculture Demand
Date: October 30, 2024
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -BASF on Wednesday predicted full-year earnings growth at the lower end of its target range on weaker demand for its chemicals and plastics, making it the latest German industrial heavyweight to come under pressure from the country’s weak economy. The chemicals maker said 2024 earnings before interest,...
Endesa’s 9-month Net Profit Surpasses Expectations With 33% Increase
Date: October 30, 2024
MADRID (Reuters) -Spanish power utility Endesa said on Wednesday that it is on track to meet its targets for the year after a recovery in its gas business helped net profit for the first nine months rise 33%, surpassing analysts’ expectations. The company, owned by Italian energy giant Enel, posted a net profit of 1.4...
UBS Reports $1.4 Billion Net Profit Attributable to Shareholders in Q3
Date: October 30, 2024
ZURICH (Reuters) – UBS Group on Wednesday reported a net profit of $1.4 billion attributable to shareholders in the third quarter, which compared with the $740 million forecast by analysts in a company-provided poll. (Reporting by Dave Graham, editing by Rachel More)...
Mondelez Beats Quarterly Results on Rebound in Demand, Higher Prices
Date: October 30, 2024
By Anuja Bharat Mistry (Reuters) -Mondelez International on Tuesday beat third-quarter revenue and profit estimates, as the Cadbury parent’s efforts to provide its products at different price points drove a sequential improvement in sales volumes. Demand for the company’s products held steady, as the prices of its candies and biscuits ranging from $3 to...