corporate-profits
Top StoriesAnalysis-China’s Stuttering Recovery Darkens Global Corporate Growth Outlook
Top StoriesPfizer Lifts Profit Forecast as Investors Await Turnaround
Top StoriesNatWest First-Half Profit Down 16% as Mortgage Competition Bites
Top StoriesGlobal Investors Scramble to Dodge US Election Curveballs
Rheinmetall’s Profit Doubles as Defence Spending Surges
Date: July 24, 2024
By Miranda Murray BERLIN (Reuters) -German arms manufacturer Rheinmetall more than doubled operating profit in the second quarter, driven by a surge in defence spending as a result of Russia’s invasion of Ukraine. The company has been one of the main beneficiaries of the defence boom since the Ukraine war began in 2022. Its...
Tesla Profit Margins Worst in Five Years as Price Cuts, Incentives Weigh
Date: July 24, 2024
By Hyunjoo Jin, Akash Sriram (Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects. The company said it was on track to produce...
Digesting Biden Exit, Markets Focus on Earnings, Data
Date: July 23, 2024
By Yoruk Bahceli and Tom Westbrook (Reuters) -World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from the U.S. presidential race, turning their focus to corporate earnings and economic data. Biden’s exit from the race has cast some doubt over a Republican victory under Donald Trump and could see investors unwind trades...
Electrolux Swings to Operating Profit in Q2
Date: July 19, 2024
STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest appliances maker, reported on Friday an operating profit that swung to a profit, as expected, and said consumer demand had continued to be mixed. (Reporting by Marie Mannes, editing by Louise Rasmussen)...
Consumer Goods Makers Weighed Down by Weak US and European Sales
Date: July 19, 2024
By Richa Naidu LONDON (Reuters) – Consumer goods giants including Nestle, Kraft Heinz and Reckitt are likely to report weak second-quarter sales growth from Europe and the United States, as consumers opt for brands that have been better at slowing price hikes, Nielsen data shows. Analysts and investors have voiced concerns for several quarters...
Homeware Retailer Dunelm Sees Annual Profit Slightly Ahead of Market View
Date: July 18, 2024
Homeware retailer Dunelm sees annual profit slightly ahead of market view (Reuters) – British homewares retailer Dunelm Group forecast its annual profit to be slightly higher than market consensus on Thursday, helped by an increase in volumes as customers spent on new furnishings to spruce up their homes. Profit before tax for the year ended...