corporate-profits
Top StoriesFlavour Maker Givaudan’s Sales Slow as North America Weighs
InvestingEuropean Shares Steady Ahead of PMI Data
Top StoriesLogitech Quarterly Sales Fall 22% as Slowdown Fears Bite
Top StoriesMicrosoft to Shed 10,000 Jobs, Adding to Glut of Tech Layoffs
Pearson Annual Profit Rises 11%, Ahead of Forecasts
Date: January 18, 2023
LONDON (Reuters) – British education group Pearson said it would post adjusted operating profit of about 455 million pounds ($560 million) for 2022, an 11% rise which puts it ahead of analyst expectations, on underlying sales which came in 5% higher. ($1 = 0.8127 pounds) (Reporting by Sarah Young; Editing by Kate Holton)...
Logitech Shares Sink as It Cuts Sales Outlook After Weak Quarter
Date: January 12, 2023
ZURICH (Reuters) -Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, sending its shares down by almost a fifth in opening trade. The Swiss-American maker of keyboards, mice and headsets cited a difficult economic backdrop and supply chain uncertainties linked to China’s COVID-19 outbreak for numbers...
Lighting Maker Signify Cuts 2022 Outlook Again on China, Business Lighting
Date: January 12, 2023
(Reuters) -Signify NV, the world’s biggest maker of lights, on Thursday again cut its full-year 2022 profit margin and sales guidance, citing a steeper than expected slowdown in China and lower demand for professional indoor lighting. Signify’s shares fell 3.9% in early Amsterdam trading to 31.84 euros. The Dutch group, which had already cut forecasts...
Suedzucker Quarterly Profits Surge 73.5% Despite Cost Rise
Date: January 12, 2023
HAMBURG (Reuters) -Europe’s largest sugar producer, Suedzucker, on Thursday posted a rise of 73.5%% in quarterly earnings as higher sugar and biofuel prices counteracted the impact of rising energy and raw materials costs. Suedzucker said operating profit in the third quarter, to the end of November, of its 2022/23 fiscal year had risen to 220...
Jd Sports Sees Bills-Free Young Shoppers Boosting Profits
Date: January 11, 2023
By Sarah Young LONDON (Reuters) – JD Sports expects young shoppers not yet saddled with household bills to defy the economic gloom and keep buying Nike trainers and other sportswear, after it posted bumper Christmas sales. The British retailer, which sold 2.6 million pairs of Nike Air Force 1 shoes in the last three months...
Festive Cheer Boosts Profit Outlook for UK’s Card Factory
Date: January 10, 2023
By Aby Jose Koilparambil (Reuters) – UK greeting cards retailer Card Factory lifted its full-year earnings forecast on Tuesday after people flocked to its high street stores to buy Christmas cards as Royal Mail strikes deterred online sales. Shares of the FTSE SmallCap firm rose as much as 9.2% to 95 pence, their highest level...