corporate-profits
Top StoriesMr Kipling Maker Premier Foods Expects Profit at Top End of Market View
Top StoriesAbb Sees Robust Activity as Q2 Profit Beats Forecasts
Top StoriesNetflix Quarterly Revenue Misses Forecasts, Shares Slide
Top StoriesAtlas Copco Posts Q2 Profit Beat, but Sees Slowing Demand
Truck Maker Volvo’s Quarterly Profit Surges, Beats Estimates
Date: July 19, 2023
Truck maker Volvo’s quarterly profit surges, beats estimates By Marie Mannes STOCKHOLM (Reuters) -Swedish truckmaker AB Volvo on Wednesday logged a better-than-expected 57% jump in second-quarter adjusted operating profit, helped by price hikes. “We have been successful in improving margins while managing cost inflation and increased disturbances in the supply chain,” Chief Executive Martin Lundstedt...
Jaguar Land Rover Expects Q1 Free Cash Flow of Over $500 Million
Date: July 7, 2023
Jaguar Land Rover expects Q1 free cash flow of over $500 million (Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply constraints eased, and forecast free cash flow of over 400 million pounds (about $510 million). The British luxury car maker,...
Samsung Profit Likely Lowest in More Than 14 Years as Chip Glut Persists
Date: July 6, 2023
Samsung profit likely lowest in more than 14 years as chip glut persists By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant’s cash cow business...
Analysis-After the Buzz, Investors Are Doing Their Own Homework on AI
Date: June 26, 2023
Analysis-After the buzz, investors are doing their own homework on AI By Danilo Masoni and Lucy Raitano MILAN (Reuters) – The rapid adoption of generative artificial intelligence has boosted markets this year, but after the initial euphoria, investors are waking up to the possible risks, including the need to be highly selective in stock-picking. Businesses...
UK’s Halfords Expects Pricing Efforts to Drive Profits
Date: June 21, 2023
UK’s Halfords expects pricing efforts to drive profits By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring. British inflation held at 8.7%...
Lanxess Slashes Profit Outlook as Demand Recovery Lags
Date: June 20, 2023
Lanxess slashes profit outlook as demand recovery lags (Reuters) – German speciality chemicals maker Lanxess on Monday evening cut its second-quarter and annual core profit forecasts, saying it saw no demand recovery in June as customers continued to destock. It said “very weak” demand, especially in the construction and electronics industries and from consumer related...