corporate-profits
BusinessFord Shares Drop as Supply Snags and Costs Hurt Profit Forecast
InvestingFinnair Tightens Annual Operating Profit Outlook, Shares Skid
BusinessSteelmaker Acerinox Expects Weak Demand to Persist Into Fourth Quarter
FinanceCovestro Trims 2024 Profit Target Again in a Tough Economy
Volkswagen’s Traton Reports Higher Sales in Weak Truck Market
Date: October 29, 2024
(Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for commercial vehicles. Shares in Traton fell 1.3% by 1050 GMT. Sales stood at 35.3 billion euros ($38.10 billion) by the end of September, while profitability rose at its key Scania unit with a 14.4% return on...
Stoxx 600 Rises Ahead of Key Data and US Tech Earnings, Energy Shares Cap Gains
Date: October 28, 2024
By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index closed higher on Monday as gains across most sectors outweighed the weakness in energy stocks on a slide in oil prices, with investors looking for crucial economic data and big-ticket U.S. tech earnings scheduled for later in the week. The pan-European STOXX 600 finished...
Colgate-Palmolive Lifts Lower End of 2024 Results Forecast on Steady Demand
Date: October 25, 2024
(Reuters) – Toothpaste maker Colgate-Palmolive raised the lower end of its annual sales and profit forecasts on Friday, after beating third-quarter estimates on resilient demand for its high-priced products. WHY IS IT IMPORTANT? Consumers have been prioritizing spending on daily essentials over discretionary items amid rising cost of living, fueling sales for consumer packaged goods...
Yara’s Core Profit Soars 47% on Strong Production, High Prices
Date: October 25, 2024
By Jesus Calero (Reuters) -Yara International, one of the world’s largest fertilizer producers, reported a bigger-than-expected 47% jump in its third-quarter core profit on Friday, helped by its focus on core operations to boost profitability. Yara is delivering all-time high production performance and strong premiums this quarter, a testament to the robustness of our...
European Shares End Flat as Economic Woes Overshadow Upbeat Earnings
Date: October 25, 2024
By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on Thursday as investors assessed signs of stalling business activity and a raft of earnings from the likes of online gaming group Evolution, carmaker Renault and consumer major Unilever. The pan-European STOXX 600 index...
FTSE 100 Closes Higher on Earnings Boost
Date: October 25, 2024
By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings and economic data that bolstered bets of more rate cuts from the Bank of England. The benchmark FTSE 100 closed up 0.13%, while the domestically focused FTSE 250 slipped 0.2%. Unilever gained 2.9% after the consumer goods...