corporate-profits
Top StoriesAstraZeneca Lifts 2022 Earnings Outlook as Cancer Drugs Boost Results
BusinessEurope’s Retailers Strive to Keep Prices Low to Win Struggling Shoppers
InvestingCommerzbank Profit Drops; Shares Tumble as 2024 Forecasts Disappoint
BusinessSupermarket Operator Ahold Hikes 2022 Earnings Outlook Again
Commerzbank Keeps Outlook as Lower Q3 Profit Still Beats Expectations
Date: November 9, 2022
By Tom Sims and Unknown 9629b5b2-3983-43b7-ac6e-49eba7f61a04 FRANKFURT (Reuters) -Germany’s Commerzbank said on Wednesday its net profit fell by 52% in the third quarter in a better-than-expected outcome helped by higher interest rates, though previously flagged problems at a Polish unit weighed. The lender also maintained its profit outlook for the full year even as its...
Germany’s Evonik Expects 2022 Earnings to Rise Despite Economic Weakening
Date: November 8, 2022
By Karol Badohal and Antonis Pothitos (Reuters) -German chemicals group Evonik Industries, which makes ingredients for Pfizer/BioNTech’s COVID-19 vaccine, on Tuesday said it expected a rise in 2022 earnings despite a weakening economy, after third-quarter profit broadly met expectations. The company, which also makes ingredients for animal feed and diapers, sees full-year adjusted earnings before...
Nintendo Lifts Profit Guidance on Weaker Yen, Sees Slower Console Sales
Date: November 8, 2022
By Kiyoshi Takenaka TOKYO (Reuters) -Japanese videogame maker Nintendo Co Ltd cut its full-year Switch sales projection by nearly 10% after microchip shortages constrained console production, but raised its annual net profit forecast, thanks to a softer yen. Nintendo, which earns about 80% of its revenues overseas, expects net profit of 400 billion yen ($2.73...
Bayer Beats Q3 Profit Forecast on Strong Herbicide Sales
Date: November 8, 2022
By Ludwig Burger FRANKFURT (Reuters) -Agriculture and pharmaceuticals company Bayer on Tuesday reported better-than-expected quarterly earnings as higher prices for glyphosate-based weedkillers made up for a decline in sales of its stroke prevention pill Xarelto. The German company said in a statement third-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 17.3% to...
Ryanair Hails ‘very Strong’ Recovery With Record Summer Profit
Date: November 7, 2022
By Conor Humphries DUBLIN (Reuters) – Ryanair on Monday posted its largest ever profit for its key summer season and said it expected very strong passenger and fare growth for years to come as customers switch from higher-cost rivals. But it also warned Europe’s recovery remained susceptible to shocks from COVID-19 and Russia’s invasion of...
Kellogg Raises Annual Forecasts on Higher Prices as Margin Pressure Looms
Date: November 3, 2022
(Reuters) -Kellogg Co raised its full-year sales and profit forecasts on Thursday as demand for pricier cereals and snacks stays strong in North America amid relentless cost pressures. The cereal maker’s shares were down about 6% at $71.20 as the company warned its profit margins in the fourth quarter would not improve as much as...