Toyota shares hit record high after earnings upgrade, domestic rivals in focus
TOKYO (Reuters) – Toyota Motor shares hit a record high on Wednesday after its earnings upgrade the prior day, with rivals Honda and Nissan also posting gains on expectations their solid hybrid…
Analysis-Wall Street’s ‘Magnificent Seven’ face moment of truth as earnings season arrives
By Lewis Krauskopf NEW YORK (Reuters) – High noon is approaching for the market’s biggest stocks, as pressure grows on richly valued technology and growth companies to deliver robust earnings at a…
PPG Industries beats quarterly profit estimates, raises FY earnings forecast
(Reuters) – PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector helped boost coatings…
Hedge funds pile into banks ahead of earnings – BofA
NEW YORK (Reuters) – Hedge funds bought U.S. stocks in all sectors last week, but mainly in financials, Bank of America said in a report on Tuesday. Hedge funds bought over $300…
Tesla earnings: investors watching margins, deliveries, self-driving
By Akash Sriram (Reuters) – Tesla’s margins are likely to drop in the third quarter and take a bigger hit in the last three months of 2023, leaving investors fretting about more…
Air New Zealand eyes lower earnings for first half as domestic demand softens
By Ayushman Ojha (Reuters) -Air New Zealand on Thursday flagged lower earnings for first half of fiscal 2024 on a recent softness in domestic travel demand and volatility in jet fuel prices,…
Analysis-US stock market technicals suggest possible rebound as earnings, CPI loom
By Lewis Krauskopf NEW YORK (Reuters) – Technical and seasonal indicators that investors use to gauge the U.S. stock market’s health show it may be time to buy, though upcoming inflation data…
Flagging domestic travel casts shadow over US airline earnings
By Rajesh Kumar Singh CHICAGO (Reuters) – A travel boom has produced bumper earnings for major U.S. carriers this year but signs of softening demand on domestic routes have amplified worries that…
Kerrisdale Capital goes short on Joby Aviation over earnings concerns
(Reuters) – Kerrisdale Capital said on Tuesday it had taken a short position on Joby Aviation over profitability concerns, sending the electric aircraft maker’s shares down nearly 5%. “We believe (Joby) is…
Analysis-Expected rise in US earnings could be balm for stocks after rough stretch
By Caroline Valetkevitch and Lewis Krauskopf NEW YORK (Reuters) – A resilient economy and strong consumer demand are expected to fuel a slight rise in third-quarter U.S. earnings, which could throw a…
Not much exciting about Aussie banks as high costs pressure earnings – Macquarie
(Reuters) – Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% in the near term, analysts at Macquarie…
As Samsung and Hyundai repatriate more earnings, weak won gets some reprieve
By Yena Park, Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korea’s major exporters of cars and smartphones are bringing home a bigger chunk of their earnings this year to enjoy…
Exxon sees $16 billion in earnings for fuels, chemicals by 2027
By Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as demand continues…
Analysis-Investors look to AI-darling Nvidia’s earnings as US stocks rally wobbles
By Lewis Krauskopf NEW YORK (Reuters) – Bullish investors are hoping Wednesday’s earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia shares…
Nvidia options show traders positioned for outsized share move after earnings
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia’s shares following the chipmaker’s quarterly results after the close on…
Bucco Calls on Democrats to Answer For $1 Billion Bailout of Foreign Wind Developer After Company Reports Significant Earnings
Sen. Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in their offshore…
Asian companies earnings estimates get boost from consumption hopes
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Analysts are raising earnings estimates for Asian companies for the first time in four months as easing price pressures boost consumption while receding fears…
Suncorp sees improvement in margins from insurance; annual cash earnings jump
(Reuters) -Australia’s Suncorp Group on Wednesday posted a sharp jump in full-year cash earnings and said it expects an improvement in margins in the medium term from higher renewal premium rates in…
Private equity firm KKR reports milder-than-expected 23% drop in Q2 earnings
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm KKR & Co Inc said on Monday its second quarter after-tax distributable earnings fell 23% year-on-year as growth in management and transaction…
S&P 500 quarterly earnings have been upbeat; revenue not so much
By Noel Randewich (Reuters) – S&P 500 companies have been reporting upbeat bottom lines for the June quarter, but not such impressive increases in their revenue. With second-quarter reporting season nearly complete,…
Apollo’s second-quarter earnings surge 75% on upbeat annuities business
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services…
Germany’s Merck flags steeper drop in earnings
By Ludwig Burger FRANKFURT (Reuters) -Germany’s Merck KGaA on Thursday warned of a steeper earnings decline on a slump in demand for materials used to produce pharmaceuticals and semiconductors, as its high-tech…
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 due to a slump in asset sales,…
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 it to forecast lower core earnings for…
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 year-on-year drop in the price of natural…
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 U.S. and global stock markets this year,…
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