Grab sets free cash flow target, posts first adjusted core profit
By Yuvraj Malik (Reuters) -Grab Holdings on Thursday reported its first ever adjusted core profit in the third quarter and predicted free cash flow next year, driven by strong demand…
By Yuvraj Malik (Reuters) -Grab Holdings on Thursday reported its first ever adjusted core profit in the third quarter and predicted free cash flow next year, driven by strong demand…
(Reuters) – Ross Stores raised its annual earnings forecast after topping third-quarter sales and profit expectations on Thursday, helped by robust demand at its discount outlets and easing freight costs,…
JOHANNESBURG (Reuters) – South African lender Investec on Thursday reported half-year profit up 15.3%, led by increased loan volumes, corporate deposits and funds under management. The bank, which also operates…
(Reuters) – British aerospace supplier Melrose said on Thursday it expected 2023 profit to be 7% higher than its previous expectations, partly driven by stronger aftermarket demand and improved pricing.…
By Andre Romani SAO PAULO (Reuters) – Brazilian financial tech company StoneCo plans to multiply net profits eightfold through the end of 2027 by accelerating the integration of its financial…
By Ana Mano SAO PAULO (Reuters) – JBS SA, the world’s biggest meatpacker, reported an 86% drop in third-quarter net income compared to a year ago on Monday, sliding to…
By Lewis Krauskopf NEW YORK (Reuters) – Improving profit margins among U.S. companies are supporting a stronger-than-expected earnings season even as revenues top estimates at rates below the historical long-term…
By Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO (Reuters) – The return of North American flights to Asia-Pacific is accelerating heading in to 2024, as carriers bet on the region…
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…
(Reuters) – U.S. genetic testing Illumina on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services.…
By Vera Eckert and Elke Ahlswede FRANKFURT (Reuters) – German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months…
DUBAI (Reuters) – Emirates airline, Dubai’s flagship carrier, posted a significant jump in net profit for the first half of financial year 2023-24 on the back of strong demand, the…
By Marine Strauss BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, “continued to demonstrate structurally improved profitability,” it said on Thursday after reporting higher-than-expected third-quarter earnings. The group said it still…
TOKYO (Reuters) -Japan’s Honda Motor posted a 31% increase in operating profit for the September quarter on Thursday, lifted by stronger sales in the United States and a weaker yen,…
(Reuters) – Cloud service provider Twilio on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. The company’s shares rose 8.4% to $60.50…
COPENHAGEN (Reuters) – Danish jewellery maker Pandora reported a smaller than expected drop in third-quarter profit on Wednesday as more shoppers came to its stores, and raised its full-year sales…
FRANKFURT (Reuters) -Germany’s Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a…
(Reuters) – U.S. industrial conglomerate Emerson Electric Co on Tuesday reported fourth-quarter sales and profit below Wall Street estimates, hit by supply chain disruptions. Shares of the company were down…
(Reuters) – Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts’ estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. The company’s shares…
(Reuters) – Chipmaker NXP Semiconductors forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets.…
(Reuters) – Italian eyewear group Safilo on Friday reported adjusted core profit at 18.1 million euros in the quarter, down 20% year-on-year, due to declining sales in former GrandVision chains…
(Reuters) – Utility firm Consolidated Edison on Thursday beat third-quarter profit estimates on higher earnings from its electricity segment. The company, which provides electricity in much of the New York…
(Reuters) – Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3%…
(Reuters) -U.S. shale oil producer EOG Resources on Thursday soared past Wall Street estimates for third-quarter profit and raised its annual production forecast amid resilient fuel demand. U.S. WTI crude…
HOUSTON (Reuters) – Pioneer Natural Resources on Thursday said its third quarter profit fell 26% due to lower oil and gas prices, but topped analysts’ estimates on the back of…