corporate-profits
Top StoriesVW’s Skoda Auto Reports 61% Rise in Q1 Operating Profit
Top StoriesPortugal’s Galp Quarterly Profit up 62%, Below Market Forecast
Top StoriesMacquarie Posts Record Profits on Higher Income From Commodities Arm
Top StoriesEnBW Q1 Core Profit More Than Doubles on Valuation Gains
Italian Hearing Aid Maker Amplifon Expects Higher 2023 Earnings
Date: May 2, 2023
Italian hearing aid maker Amplifon expects higher 2023 earnings (Reuters) – Italian hearing aid maker Amplifon said on Tuesday it expects core profits to continue growing in 2023 thanks to operating leverage and higher pricing that should offset rising labour costs. The company forecasts recurring earnings before interest, taxes, depreciation and amortization (EBIDTA) in the...
Dsm Misses Q1 Forecasts Due to Weak Volumes and High Costs
Date: May 2, 2023
DSM misses Q1 forecasts due to weak volumes and high costs (Corrects company description in 5th paragraph) (Reuters) – Dutch specialty chemicals maker DSM’s first-quarter profit and sales missed expectations on Tuesday, hit by weak volumes, persistently high inflation and low vitamin prices. DSM and Firmenich reported quarterly results separately for the last time ahead...
Geberit Reports Q1 Beat Despite End of Bathroom Renovation Boom
Date: May 2, 2023
Geberit reports Q1 beat despite end of bathroom renovation boom (Reuters) -Swiss plumbing supplies maker Geberit on Tuesday reported higher than expected operating cashflow in the first quarter, despite an 8.9% drop in revenue as a pandemic-related boom in home renovation ended and inflation rose. The maker of piping and ceramic products for bathrooms, reported...
Logitech Q4 Sales Plunge 22% as Economic Downturn Worries Weigh
Date: May 2, 2023
Logitech Q4 sales plunge 22% as economic downturn worries weigh (Reuters) – Logitech International posted a 22% drop in fourth-quarter sales on Tuesday, as growing worries of an economic downturn continue to hinder the computer peripherals maker from maintaining the growth experienced during the pandemic. The Swiss company said its sales for the three months...
European Shares Fall as Bank Stocks, Subdued Euro-Zone Growth Data Weigh
Date: April 28, 2023
European shares fall as bank stocks, subdued euro-zone growth data weigh By Shubham Batra (Reuters) -European shares fell on Friday as a drop in bank stocks offset optimism over positive earnings reports, while the euro zone growing at a lower-than-expected rate in the first three months of the year also weighed on sentiment. The pan-European...
Banks, Miners Lead FTSE 100 Lower
Date: April 28, 2023
Banks, miners lead FTSE 100 lower By Shristi Achar A (Reuters) -London’s FTSE 100 fell for the fifth straight day, as a sharp drop in shares of NatWest weighed on the banking sector on Friday, while mining stocks lost ground tracking weaker copper prices. The blue-chip index was down 0.5%, while the mid-cap FTSE 250...