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…
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 on Friday after the bank reported fourth-quarter…
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 it had made a “flying start” to…
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, while the insurer flagged higher reinsurance and…
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 increasingly jittery about interest rates staying higher…
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 Alphabet, Meta Platforms and Snap showed they…
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 was making up for a personal-computer slump…
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 doubled profits from 2021 to 2022, posting…
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 said on Thursday. Minister Airlangga Hartarto said…
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, a top government official was cited by…
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 six years in the three months ending…
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 COVID lockdowns and accommodative monetary policy raise…
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, as China’s reopening and slowing inflationary pressures…
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 higher inflation and rising interest rates take…
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 from stimulus measures and the easing of…
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. JPM strategists now estimate S&P 500 earnings…
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 at the entertainment giant were likely, just…
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 as a larger loan book helped it…
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 the fourth quarter of fiscal year 2022,…
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 business, company executives said on Thursday. Shares…
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 loss of nearly $1 trillion as 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 whose disappointing results have battered their shares. …
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 produce equipment for the Department of Defense…
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 10.75 billion pesos ($534.10 million), down 23.8%…
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 profit Thursday, as it hiked prices and…
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 Tuesday, but declining government land sales revenue…
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