U.S. companies face more pain as expected ‘earnings recession’ looms
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market …
earnings
Australia’s Aurizon cuts earnings forecast on prolonged wet weather
(Reuters) – Australia’s Aurizon Holdings on Monday reported a 34% fall in its first-half underlying profit and slashed its annual core earnings forecast, as prolonged …
Australia’s IAG cash earnings jump 27% on growth across key businesses, dividend steady
(Reuters) – Insurance Australia Group reported a 26.7% jump in its first-half cash earnings on Monday, boosted by volume growth across its key businesses that …
BMW meets 2022 pretax earnings target -Focus magazine citing CFO
BERLIN (Reuters) – BMW met its 2022 target for significantly higher pretax earnings than in the previous year, Focus Money magazine reported on Sunday, citing …
Bradesco shares hit 2-year low after disappointing quarterly earnings
By Aluisio Alves and Andre Romani SAO PAULO (Reuters) – Shares in Brazil’s Banco Bradesco SA fell to their lowest level in almost two years …
Siemens stock takes off on guidance upgrade, earnings beat
By John Revill ZURICH (Reuters) – Siemens shares surged on Thursday after the engineering company upped its full year sales and profit guidance and said …
Suncorp cash earnings jump on strong margins and investment returns, shares up
By Roushni Nair (Reuters) -Australia’s Suncorp Group posted a 63% jump in first-half cash earnings on Wednesday, helped by strong underlying margins and investment returns, …
European shares gain on earnings boost, focus on Powell comments
By Ankika Biswas and Amruta Khandekar (Reuters) – European shares eked out slim gains on Tuesday, helped by some upbeat earnings reports though investors grew …
Big Tech earnings show digital ads market not out of the woods
By Sheila Dang (Reuters) – After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from …
AMD shares jump as earnings defy collapse seen at Intel
By Aditya Soni (Reuters) – Shares of Advanced Micro Devices Inc rose nearly 7% on Wednesday after the U.S. chipmaker’s upbeat earnings showed that it …
American Oil Giant Shatters Earnings Record On The Back Of Soaring Gas Prices
American Oil Giant Shatters Earnings Record On The Back Of Soaring Gas Prices John Hugh DeMastri on January 27, 2023 American oil company Chevron nearly …
Indonesia formulates incentives to keep FX earnings onshore – minister
JAKARTA (Reuters) – Indonesia is formulating incentives for exporters to keep their foreign exchange earnings onshore for at least three months, the chief economics minister …
Indonesia to make exporters hold FX earnings onshore for 3 months -media
JAKARTA (Reuters) – Indonesia plans to introduce a requirement for exporters to keep their foreign exchange earnings in the local banking industry for three months, …
Microsoft Posts Worst Earnings In Years After Major Layoffs
Microsoft Posts Worst Earnings In Years After Major Layoffs Lorenzo Prieto on January 24, 2023 Microsoft experienced its slowest quarter of growth in the last …
Chinese companies set for biggest earnings growth in 5 years in 2023-Refinitiv data
By Gaurav Dogra (Reuters) – Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after …
Asian companies see earnings upgrades by analysts over the past month
(Reuters) – Analysts raised 2023 earnings estimates for Asian companies over the past month, contrasting with the raft of earnings downgrades in the last year, …
Recession, rate hikes seen jamming brakes on global 2023 earnings growth
By Caroline Valetkevitch and Joice Alves NEW YORK/LONDON (Reuters) – Corporate earnings growth is expected to slow in the year ahead in many countries as …
Analysts upgrade China’s 2023 earnings projections on reopening hopes
By Patturaja Murugaboopathy and Chi Xue (Reuters) – Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit …
J.P.Morgan cuts 2023 S&P 500 earnings forecast by 9%
(Reuters) – J.P.Morgan on Thursday cut its 2023 earnings forecast for S&P 500 companies, citing weaker demand and pricing power, margin compression, and limited buy-backs. …
Disney Set For Layoffs After Billion Dollar Earnings Miss
Disney Set For Layoffs After Billion Dollar Earnings Miss John Hugh DeMastri on November 11, 2022 CEO Bob Chapek of Disney told executives that layoffs …
Bigger loans help Brazil bank Itau’s earnings outclass peers
SAO PAULO (Reuters) -Latin America’s biggest bank Itau Unibanco SA on Thursday posted a recurring net profit rise of 19%, outperforming other private Brazilian lenders …
Disney Shares Plummet Following Billion Dollar Earnings Miss
Disney Shares Plummet Following Billion Dollar Earnings Miss John Hugh DeMastri on November 8, 2022 The Walt Disney Company missed investor expectations for growth in …
Sun Life sees growth in benefits business; shares up on earnings beat
By Divya Rajagopal TORONTO (Reuters) – Sun Life Financial Inc believes rising wages, driven by inflation and a tight labor market, will help its benefits …
Pandemic Devastation Will Cost Students Almost $1 Trillion In Lifetime Earnings, Study Finds
Pandemic Devastation Will Cost Students Almost $1 Trillion In Lifetime Earnings, Study Finds Reagan Reese on November 1, 2022 Students’ lifetime income will suffer a …
Energy shares shine again on Wall Street, lifted by earnings
By Lewis Krauskopf NEW YORK (Reuters) – Strong earnings are helping energy stocks extend this year’s torrid run, furthering their contrast with the tech-focused megacaps …
Top Defense Contractors Post Lukewarm Earnings As Pentagon Demand Heightens
Top Defense Contractors Post Lukewarm Earnings As Pentagon Demand Heightens Micaela Burrow on October 27, 2022 Four top defense manufacturers reported losses in divisions that …
Mexico’s FEMSA posts drop in Q3 earnings on increased costs
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) – Mexican bottler and retailer Femsa posted a drop in third-quarter net profit on Friday to …
Tequila maker Cuervo Q3 earnings beat forecasts amid price hikes
MEXICO CITY (Reuters) – Mexican distiller Becle, better known as the parent company of tequila brand Jose Cuervo, posted a 29.6% jump in third-quarter net …
China’s fiscal revenue growth speeds up, but land sales earnings slide
BEIJING (Reuters) – China’s fiscal revenue growth picked up pace in September from a month earlier, according to Reuters calculations based on official data on …
Megacap earnings to test fledgling U.S. stock rebound
By Lewis Krauskopf NEW YORK (Reuters) – Earnings reports from the four biggest U.S. companies by market capitalization in the coming week may test a …
U.S. equity funds lure inflows on earnings optimism
(Reuters) – U.S. equity funds saw money inflows for the first time in four weeks in the week to Oct. 19, as strong third-quarter earnings …
GM, Ford set to report earnings to a tough crowd on Wall Street
By Joseph White DETROIT (Reuters) – General Motors Co and Ford Motor Co hope their earnings reports next week will convince skeptical investors that their …
Wall Street ends lower as Fed worries outweigh earnings
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal …
Marketmind: Earnings vs Rates
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. Market tension is building between surprising positivity still coming …
ASML to report Q3 earnings as China, supply chain questions swirl
AMSTERDAM (Reuters) – Supply chain snags, spending cuts by customers and U.S. trade curbs on China are likely to be in focus at ASML Holding …
European shares tumble as fears around inflation, earnings grip investors
By Sruthi Shankar and Amruta Khandekar (Reuters) – European shares tumbled on Wednesday as nerves about soaring prices and rising interest rates were aggravated by …
Economic worries loom over U.S. airline earnings
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. carriers including American Airlines Group Inc and United Airlines Holdings Inc are enjoying the strongest consumer demand …
Non-Payment of Federal Income Tax on Cryptocurrency Earnings Leads to Conviction for South Florida Resident
MIAMI – Ethan Thomas Trainor, has pled guilty to attempted tax evasion. Trainor used sophisticated on-line techniques to conceal from the IRS over $1 million …
Gazprom says group’s first half core earnings more than doubled to $53 billion
MOSCOW (Reuters) – Russian gas giant Gazprom Group’s earnings before interest, taxes, depreciation and amortisation more than doubled in the first six months of the …
Upper Crust owner SSP expects full-year core earnings to beat expectation
(Reuters) – Upper Crust owner SSP said on Tuesday it expects full-year core earnings to be slightly ahead of its prior guidance, as passenger numbers …
Analysis-Credit markets see less risk of recession, earnings may challenge that
By Karen Brettell (Reuters) – U.S. high-yield corporate debt markets may be underpricing for the risk of a recession even as Treasuries and macroeconomic indicators …
Chemours cuts earnings forecast on low demand, high input costs
(Reuters) – Chemours Co cut its full-year forecast for adjusted earnings on Wednesday citing low demand and high input costs, sending its shares down 5% …
Cheniere Energy boosts buyback, earnings forecast
(Reuters) -The largest U.S. liquefied natural gas exporter, Cheniere Energy Inc, on Monday raised its earnings outlook and laid out plans to pay higher dividends …
Foreigners return to Indian equities on hopes over earnings
By Patturaja Murugaboopathy and Sethuraman N R (Reuters) – Foreigners are returning to Indian stocks after dumping them in the first half as they look …
Analysis-As earnings support U.S. stock rebound, worries over future profits grow
By Lewis Krauskopf NEW YORK (Reuters) – Stronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential …
More pain or rebound? Investors brace for retail earnings
By Uday Sampath Kumar and Siddharth Cavale (Reuters) – Walmart Inc and Target Corp kick off retail earnings this week, and what the two biggest …
TPG quarterly earnings more than triple on fee growth, asset sales
By Chibuike Oguh NEW YORK – TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management …
Deutsche Post reports double-digit Q2 earnings growth
BERLIN -German logistics company Deutsche Post reported double-digit growth in revenue and earnings on Friday and confirmed its outlook for 2022, as its flourishing freight …
Mexico’s Cemex posts earnings drop, cuts operating profit forecast
By Kannaki Deka and Isabel Woodford (Reuters) – Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings …
Carlyle’s second-quarter earnings rise 34% on strong asset sales
By Chibuike Oguh (Reuters) – Private-equity firm Carlyle Group Inc said on Thursday its second-quarter distributable earnings rose 34%, driven by asset sales that were …