Carlyle reports lower than expected 26% slump in Q2 earnings
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm Carlyle Group Inc reported on Wednesday that its second quarter distributable earnings fell 26% year-on-year …
earnings
Ternium forecasts lower third-quarter earnings as steel prices drop
MEXICO CITY (Reuters) -Steel producer Ternium reported a 21.4% decrease in second-quarter net profit on Tuesday, as shipments remained flat and steel prices dropped, prompting …
Enterprise reports lower Q2 earnings as margins tighten
By Stephanie Kelly NEW YORK (Reuters) -U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second quarter due to a major …
Bumper earnings will broaden a narrow tech-led stocks rally, analysts say
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – A handful of technology firms and last year’s laggards have so far driven the heady rise in …
Sanofi lifts earnings outlook on new drug launches, Dupixent sales
By Ludwig Burger (Reuters) -French drugmaker Sanofi on Friday increased its guidance for full-year earnings, citing strong sales of anti-inflammatory treatment Dupixent and closely-watched new …
Building materials supplier Martin Marietta raises 2023 core earnings forecast
(Reuters) – Martin Marietta Materials beat quarterly profit estimates and raised its full-year adjusted core earnings forecast on Thursday, helped by higher spending across infrastructure …
Universal Music earnings boosted by strong sales
(Reuters) -The world’s largest record label Universal Music Group on Wednesday posted a better than expected second quarter core profit margin, boosted by strong sales …
US machinery makers eye bumper earnings for now, but inventory glut looms
By Bianca Flowers CHICAGO (Reuters) – U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction companies …
Indonesia to make it less painful for exporters to keep earnings onshore -official
JAKARTA (Reuters) – Indonesia is developing a scheme for banks to provide a financing facility for exporters who keep their earnings onshore, after business groups …
Logitech beats earnings estimates and raises forecast, lifting shares
By John Revill (Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday, sending its …
Randstad flags tougher job market, earnings beat forecasts
By Olivier Sorgho (Reuters) -Randstad, the world’s biggest staffing firm, on Tuesday flagged weaker demand in a “challenging” jobs market, even as it beat expectations …
Marketmind: Earnings, China hold spotlight ahead of big rates decisions
A look at the day ahead in European and global markets from Tom Westbrook Earnings and hope for a turning in China’s markets are the …
Wall St sees bargains, lure of Europe buoying cruise, hotel earnings
By Doyinsola Oladipo NEW YORK (Reuters) – The post-pandemic rebound of international travel, particularly to Europe, is expected to be a bright spot for hotels …
TSMC Q2 earnings seen down 27% y/y, Q3 looks better
By Faith Hung and Ben Blanchard TAIPEI (Reuters) – Taiwanese chipmaker TSMC is expected to report a 27% fall in second-quarter net profit on Thursday, …
Investors brace for earnings from ‘Magnificent Seven’ US growth giants
By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are …
S&P 500 Q2 earnings now seen down 8.1% yr-over-yr; 6.4% decline seen week ago-Refinitiv
NEW YORK (Reuters) – S&P 500 company aggregate earnings for the second quarter are now seen down 8.1% from the year-ago quarter, compared with a …
Marketmind: Banks lob earnings into giddy markets
A look at the day ahead in U.S. and global markets from Mike Dolan Flush with hope that impressive disinflation will allow the Federal Reserve …
A look at the state of US bank credit as earnings season begins
By Safiyah Riddle (Reuters) – Friday kicks off a week or more of earnings reports from U.S. banks covering the April-through-June period, the first full …
Goldman Sachs is about to report its worst quarterly earnings in years – Semafor
(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor …
Factbox-Analysts guarded as AI-driven US stock rally faces earnings test
(Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled by optimism over artificial intelligence …
Factbox-Five things to watch out for in US bank earnings
(Reuters) – U.S. banking giants are scheduled to report second-quarter results starting this week as the industry tries to move past the turmoil caused by …
Forecasts show U.S. earnings decline in second quarter
By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of …
Another boost to U.S. earnings puts Q1 view at flat vs year ago -Refinitiv
NEW YORK (Reuters) – After a series of much stronger-than-expected results this reporting period, S&P 500 companies look like they will end up with first-quarter …
Latitude Group flags sharp drop in earnings due to cyberattack, shares fall
By Navya Mittal and Himanshi Akhand (Reuters) -Australia’s Latitude Group on Friday forecast a steep fall in fiscal 2023 earnings due to higher credit losses …
American Airlines flags no earnings impact from NEA ruling
(Reuters) – American Airlines Group Inc’s Chief Financial Officer Devon May said on Thursday the court ruling on the Northeast Alliance with JetBlue Airways Corp …
Singapore’s DBS expects yearly earnings to beat $7.5 billion in medium term
By Navya Mittal and Yantoultra Ngui (Reuters) – Singapore’s biggest bank DBS Group on Monday said it expects to lift annual earnings to more than …
Cybersecurity firms’ earnings set to benefit from growing threat of hacks
By Samrhitha A and Vansh Agarwal (Reuters) – Top U.S. cybersecurity companies are expected to report another quarter of strong growth as high-profile hacks and …
China reopening, earnings rebound to boost North Asian equities -investors
By Anisha Sircar and Divya Chowdhury (Reuters) – Equity markets in North Asia will outperform the broader region this year, buoyed by China’s reopening and …
Apollo Global Q1 earnings fall 8%, missing estimates
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc said on Tuesday its first-quarter adjusted net income fell 8% year-on-year, missing estimates, as …
KKR posts 26% drop in Q1 earnings, beating expectations
By Chibuike Oguh NEW YORK (Reuters) – KKR & Co Inc said on Monday its after-tax distributable earnings fell 26% year-on-year in the first quarter …
Apple results could mark weak finish to Big Tech earnings
By Yuvraj Malik and Aditya Soni (Reuters) – Apple Inc will likely report a more than 4% drop in revenue, its second straight quarterly decline, …
As lithium miners gear up for first-quarter earnings, investors focus on tumbling prices
By Arshreet Singh (Reuters) – U.S. lithium miners Albemarle and Livent are expected to report a rise in quarterly profit this week, but investor focus …
Chevron export earnings boost supply of US dollars in Venezuela -sources
By Mayela Armas CARACAS (Reuters) – Some of U.S. oil major Chevron Corp’s export earnings from its Venezuela operations are bolstering supplies of U.S. dollars …
Northrop’s quarterly earnings beat estimates on weapon demand
(Reuters) – Northrop Grumman Corp beat first-quarter earnings expectations on Thursday, helped by higher sales of weapons amid heightened geopolitical tensions. Shares of the Virginia-based …
Major Bank’s Stock Tumbles Over 25% After Disastrous Earnings Report
Major Bank’s Stock Tumbles Over 25% After Disastrous Earnings Report Jason Cohen on April 25, 2023 First Republic Bank’s stock price fell over 25% as …
Infrastructure spending, pricing seen boosting Caterpillar’s earnings
By Bianca Flowers (Reuters) – Caterpillar Inc is expected to post a rise in quarterly profit on Thursday, a sign that the industrial powerhouse continues …
Mattel, Hasbro earnings to set stage for dull 2023
By Deborah Mary Sophia (Reuters) – Mattel Inc and Hasbro Inc are expected to issue downbeat outlook for 2023 when they report quarterly results this …
Lower output, high costs to pressure Newmont, Barrick earnings
By Arunima Kumar (Reuters) – North American gold miners Newmont Corp and Barrick Gold Corp are expected to post lower quarterly profits as a fall …
Analysis-China rebound buoys hopes for stronger-than-expected US, Europe earnings
By Joice Alves LONDON (Reuters) – A big splurge in spending in China after Beijing lifted COVID-19 lockdowns will help cushion quarterly results of the …
Marketmind: All aboard the tech hype train as earnings rumble in
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a subdued start to …
Tech earnings to test markets’ ‘most crowded’ trade
By David Randall NEW YORK (Reuters) – A blistering rally in megacap growth and technology shares has buoyed markets this year, and earnings reports in …
PPG Industries exceeds profit expectations, forecasts strong FY earnings
(Reuters) – PPG Industries Inc on Thursday surpassed street estimates, as the industrial coatings supplier accelerated its margin recovery on the back of higher prices …
Netflix shares slip; five charts that break down its earnings
By Nivedita Balu and Tiyashi Datta (Reuters) – Netflix Inc’s shares fell nearly 3% on Wednesday after the streaming pioneer forecast current-quarter revenue and profit …
C.Suisse to move forward Q1 earnings, report before UBS
ZURICH (Reuters) – Credit Suisse will bring forward its first-quarter earnings by three days to April 24, it said on Tuesday, a move that could …
Elasticity of travel demand in focus as U.S. carriers report earnings
By Rajesh Kumar Singh CHICAGO (Reuters) – Major U.S. airlines are expected to reiterate the strength of travel demand when earnings season gets underway later …
For battered U.S. bank shares, earnings may make or break
By Caroline Valetkevitch NEW YORK (Reuters) – Further relief from the U.S. bank stocks rout may have to wait until banks report quarterly results starting …
Asian company earnings cut on China, global slowdown worries
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Equity analysts are cutting their estimates for Asian companies’ earnings because of worries about slowing global growth …
Telefonica hits earnings targets, forecasts steady growth
MADRID (Reuters) – Spain’s Telefonica forecast steady revenue and earnings growth for 2023, sending the telecom firm’s shares higher on Thursday after it posted on-target …
Whitehaven Coal posts 5-fold jump in H1 earnings but dividend disappoints
By Melanie Burton and Jaskiran Singh MELBOURNE (Reuters) – Australia’s Whitehaven Coal Ltd posted a more than five-fold jump in first-half profit on Thursday, aided …
Australia’s iron ore giants face earnings, dividend plunge
By Himanshi Akhand and Melanie Burton BENGALURU/MELBOURNE (Reuters) – Australia’s iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep …