corporate-profits
BusinessInter Ikea Posts 45% Profit Fall on Costs, Russia
Top StoriesCyclicals, Bat Drag FTSE 100 Lower Ahead of Fed Decision
Top StoriesRussian Gold Miner Polymetal’s Q3 Revenue Down 13% Y/y
InvestingBp Joins Rivals With Bumper $8.2 Billion Profit
Thomson Reuters Keeps Outlook, but Wary of Slowing Economy
Date: November 1, 2022
By Nick Zieminski and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp kept its financial guidance for this year and next after a forecast-beating rise in third-quarter earnings on Tuesday, but warned any worsening of the economic outlook could impact its ability to meet targets. The news and information company said its three biggest divisions...
Dutch Chemicals Group Dsm Cuts Profit Target as Costs Soar
Date: November 1, 2022
By Tristan Chabba (Reuters) -Dutch specialty chemicals maker DSM on Tuesday lowered its 2022 outlook after it saw energy and raw material cost inflation accelerate in Europe in the third quarter. The group, which makes products from vitamins and food supplements to specialised plastics used in cars, clothing and construction, expects its adjusted core earnings...
Fresenius Medical Cuts Outlook on Slower Recovery, Rising Costs
Date: October 31, 2022
BERLIN (Reuters) -Kidney dialysis provider Fresenius Medical Care (FMC) on Sunday revised down its forecast for 2022, expecting net income to decline this year, dragged down by rising labour costs and a slower than expected recovery in North America business. The company now expects net income to decline in the high-teens to mid-20s percentage range...
Porsche Posts 40% Jump in Nine-Month Operating Profit
Date: October 28, 2022
BERLIN (Reuters) -Porsche reported a 40.6% leap in operating profit to more than 5 billion euros ($4.99 billion) on revenue up 15.7% in the luxury carmaker’s first results since its stock market listing in late September. The company reported an 18.9% return on sales and confirmed its full-year guidance for a 17-18% return, with a...
Equinor Posts Record Profit Boosted by Soaring Gas
Date: October 28, 2022
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Equinor on Friday posted forecast-beating record profits for the third quarter driven by all-time-high European gas prices amid the Ukraine war, and said it would raise its dividend payment while reducing full-year output guidance. The oil and gas producer’s adjusted earnings before tax for July-September rose...
Universal Music Q3 Earnings Beat Expectations, Streaming Growth Slows
Date: October 28, 2022
AMSTERDAM (Reuters) -Universal Music Group NV (UMG), the largest record label, on Thursday reported better than expected third-quarter core earnings due to a legal settlement, though streaming revenue growth slowed. The company said top sellers in the quarter included Korean pop band BTS, BLACKPINK, Ado, INI and Morgan Wallen. Adjusted earnings before interest, taxes, depreciation...