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…
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 due to a sharp drop in asset…
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, weighed down by consumers shunning non-essential purchases…
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 will likely be on how they plan…
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 in the South American country, three sources…
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 company were up 1.32% in premarket trading.…
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 of midday Tuesday following a Monday earnings…
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 to navigate supply-chain constraints and capitalize on…
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 week, as the U.S. toy industry is…
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 in production and higher costs offset gains…
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 world’s biggest companies, investors say, even as…
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 a busy week studded with tech earnings…
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 coming weeks could help investors determine if…
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 and sales volumes, and forecast better-than-expected full-year…
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 below Wall Street estimates, hit by a…
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 allow UBS to speak more freely at…
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 this week. But with rising interest rates,…
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 next month, which strategists said could give…
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 and the absence of a boost from…
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 numbers for last year. Telefonica said it…
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 by soaring coal prices, but paid a…
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 drop in their earnings, which is set…
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 weighing on margins looks set to hurt…
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 wet weather and a derailment dented the…
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 helped offset the ongoing impact of higher…
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 the German carmaker’s chief financial officer. “We…
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