Allianz retains full-year outlook despite 30% slump in Q3 profit
FRANKFURT (Reuters) – Germany’s Allianz on Friday posted a 30% fall in its third-quarter net profit, dragged down by claims from natural catastrophes, although the financial services company maintained its full-year profit…
CenterPoint Energy raises full-year profit outlook, CEO to retire
(Reuters) – CenterPoint Energy Inc on Thursday raised its full-year profit outlook and announced that chief executive officer David Lesar will retire early next year. The Houston, Texas-based company announced that Jason…
Canadian home sales fall for 3rd month; CREA lowers full-year forecast
By Fergal Smith TORONTO (Reuters) -Canadian home sales fell for a third straight month in September and the industry group that produces the data downgraded its forecast for the full year, anticipating…
SentinelOne raises full-year forecast, adds partnership with Wiz still on
By Akshita Toshniwal (Reuters) – SentinelOne Inc raised its annual revenue forecast on Thursday, riding on resilient adoption of its AI-backed security offerings as macroeconomic fears abate. The cybersecurity company also clarified…
Arm’s full-year revenue fell 1% ahead of IPO – source
By Anirban Sen and Manya Saini (Reuters) – SoftBank Group Corp’s Arm Ltd is expected to report a revenue decline of about 1% in the year ended March, when the chip designer…
Carrier Global raises full-year profit forecast on strong demand
(Reuters) – Air conditioner maker Carrier Global on Thursday raised its full-year adjusted profit above Wall Street estimates, encouraged by robust demand for the company’s heat pumps, refrigerators, and aftermarket repair services.…
A. O. Smith raises full-year adjusted profit forecast
(Reuters) – A. O. Smith on Thursday raised its full-year adjusted profit forecast, helped by lower cost of steel and strong demand for water heaters in North America. The Milwaukee, Wisconsin-based company…
Bottler Coca-Cola HBC lifts full-year profit expectation
(Reuters) -Bottler Coca-Cola HBC AG raised its 2023 profit expectation on Friday, aided by robust sales and price increases in the first half of the year. The company said it now expects…
Delta Air expects full-year profit at higher end of forecast
(Reuters) – Delta Air Lines said on Tuesday it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand. The company earlier said it expects to…
Homebuilder Lennar raises full-year forecast for home deliveries
(Reuters) – Lennar Corp on Wednesday raised its full-year forecast for home deliveries, as the homebuilder benefits from upbeat demand that far outpaced supply. Shares of the company were up nearly 3%…
Tech investor Prosus flags sharp drop in full-year profit
AMSTERDAM (Reuters) – Technology investor Prosus on Wednesday said its profit dropped significantly last year due to impairments and lower contributions from its biggest holding, Chinese software and gaming giant Tencent. Prosus…
Cummins raises full-year revenue outlook on strong demand for parts
(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of strong demand for parts across its markets. Supply chain issues, which led…
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast
(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost growth. J.P.Morgan…
BAT expects full-year sales growth of 2-4% on e-cigarette, oral nicotine push
LONDON (Reuters) – British American Tobacco said on Thursday it expects full-year revenue growth of between 2% and 4% at constant currency rates, as more people are using its e-cigarettes and oral…
JPMorgan cuts China quarterly and full-year growth forecasts
LONDON (Reuters) – Investment bank JPMorgan cut its forecasts for economic growth in China on Tuesday due to the country’s ongoing COVID-19 restrictions. JPMorgan has lowered its projections a number of times…
Nutrien cuts 2022 profit forecast again on lower potash prices
By Ruhi Soni (Reuters) -Nutrien Ltd on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer…
Japan carrier ANA Holdings posts half-year profit, raises full-year target
TOKYO (Reuters) -Japan’s largest airline ANA Holdings Inc on Monday swung to a half-year profit and raised its full-year earnings target as a relaxation of COVID-19 border measures fosters a recovery in…
Shell’s outgoing CEO to get full-year salary as compensation for loss of office
(Reuters) – Shell’s outgoing Chief Executive Ben van Beurden will get one-year base salary of 1.42 million pounds ($1.64 million) as compensation after leaving the position at the end of the year,…
Rivian produces over 7,000 vehicles in third quarter, maintains full-year target
(Reuters) -Rivian Automotive Inc said on Monday it produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles in the quarter ended Sept. 30. The company also reiterated…
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 recover to pre-pandemic levels. For the full…
Raytheon trims full-year free cash flow outlook
(Reuters) – Defense contractor Raytheon Technologies Corp on Tuesday trimmed its full-year free cash flow forecast, amid inflationary pressures, higher costs and supply chain snags. The Arlington, Virginia-based company said it lowered…
Adidas cuts full-year profit target on slow China recovery
By Ludwig Burger FRANKFURT -Adidas on Tuesday cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions. In an unscheduled statement, the sporting goods maker said it expected…
Publicis hikes full-year guidance on ‘all-time high’ semester
(Reuters) – Publicis, the world’s third-biggest advertising group, raised its full-year guidance after beating first-half organic revenue growth and core profit margin expectations on Thursday. The French group now forecasts organic growth…
France’s Thales lifts full-year guidance on strong H1 performance
By Dagmarah Mackos (Reuters) – French defence and technology group Thales SA on Thursday raised its annual forecast for order intake and sales growth on the back of robust activity across all…
Taiwan’s Foxconn raises full-year outlook on strong tech demand
TAIPEI – Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to…
UnitedHealth says deferred care demand not as high as feared, shares rise
By Amruta Khandekar and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Thursday modestly raised its 2022 profit forecast, saying demand for healthcare procedures deferred during the pandemic was approaching normal levels but…
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