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 …
profit
Ross Stores lifts annual profit view on cooling freight, robust off-price 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 …
Investec half-year profit jumps 15%
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. …
GKN Aerospace-owner Melrose lifts 2023 profit expectations
(Reuters) – British aerospace supplier Melrose said on Thursday it expected 2023 profit to be 7% higher than its previous expectations, partly driven by stronger …
Brazil’s StoneCo sees profit multiplying eightfold by 2027
By Andre Romani SAO PAULO (Reuters) – Brazilian financial tech company StoneCo plans to multiply net profits eightfold through the end of 2027 by accelerating …
JBS’ Q3 profit plunges on low U.S. pork prices, beef margins and global chicken glut
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 …
Improved profit margins ‘bright spot’ in US earnings season -Goldman strategists
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 …
North American airlines bet on Asia to drive profit
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 …
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 …
Illumina cuts annual profit forecast for second straight quarter
(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 …
Hapag-Lloyd posts 77% drop in 9-month net profit, cuts outlook
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) …
Strong demand drives surge in Dubai’s Emirates airline H1 profit
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 …
ArcelorMittal reports higher-than-expected Q3 profit
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. …
Honda posts 31% Q2 operating profit jump, raises full-year forecast
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 …
Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
(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 …
Jewellery maker Pandora raises sales forecast after Q3 profit beat
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, …
Commerzbank Q3 net profit more than triples, beats expectations
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 …
Emerson Electric misses estimates for fourth-quarter sales, profit
(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 …
GlobalFoundries projects profit above estimates in positive sign for chip market
(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 …
Chipmaker NXP forecasts profit above estimates on resilient auto, industrial
(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 …
Safilo posts 20% drop in adj. core profit as Europe, North America weighs
(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 …
Consolidated Edison beats Q3 profit estimates as electricity revenue climbs
(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 …
Monster Beverage edges past profit expectations on higher pricing, cooling costs
(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 …
EOG Resources beats quarterly profit estimates on strong production
(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 …
Pioneer Natural Resources’ profit falls, but tops analysts estimates
HOUSTON (Reuters) – Pioneer Natural Resources on Thursday said its third quarter profit fell 26% due to lower oil and gas prices, but topped analysts’ …
Pinnacle West profit climbs 22% as summer heat drives electricity demand
(Reuters) – Pinnacle West Capital on Thursday posted a 22% rise in third-quarter profit as the utility got a boost from higher electricity demand due …
American Electric Power beats profit estimates on higher rates
(Reuters) – American Electric Power on Thursday beat profit estimates for the third quarter, as the utility benefited from higher electricity rates and customer additions. …
Duke Energy beats profit estimates on higher margins
NEW YORK (Reuters) – Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and …
Norwegian Air Q3 profit beats forecasts, says Q4 bookings “encouraging”
OSLO (Reuters) -Norwegian Air reported third-quarter profit above expectations on Thursday and said current ticket sales were “slightly reduced” going into the usual winter travel …
Aflac beats estimates for quarterly profit on higher premium income
(Reuters) – Insurance provider Aflac on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on …
PayPal allays growth fears after raising annual profit forecast
By Manya Saini (Reuters) -PayPal Holdings raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday, with executives striking an optimistic tone …
Nutrien misses quarterly profit estimates as potash prices plummet
(Reuters) – Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash …
Marathon Oil profit tops analysts’ estimates on higher production
By Arathy Somasekhar HOUSTON (Reuters) – Marathon Oil on Wednesday posted a third quarter profit that fell 44% from a year ago as energy prices …
Prudential Financial’s third-quarter profit boosted by US unit growth
(Reuters) – Prudential Financial reported a rise in third-quarter adjusted profit on Wednesday, as the insurer’s U.S. unit logged strong growth driven by higher net …
Albemarle quarterly profit drops, forecast cut on falling lithium prices
(Reuters) – Albemarle, the world’s largest producer of lithium, posted a 66% drop in quarterly profit on Wednesday and cut its annual forecast, citing slipping …
MetLife beats quarterly profit estimates on robust investment income
(Reuters) – MetLife on Wednesday reported a third-quarter profit that was above Wall Street expectations, as recovery in the U.S. markets boosted the insurer’s return …
Sensor maker TE Connectivity beats profit target on steady demand from EV makers
(Reuters) – TE Connectivity beat Wall Street expectations for fourth-quarter profit on Wednesday as demand for its sensor technology was buoyed by steady sales of …
Skanska misses profit view as property market slump bites
By Niklas Pollard STOCKHOLM (Reuters) – Swedish builder Skanska reported third-quarter earnings far below market expectations on Wednesday as weak property markets took a toll …
Aussie pizza-maker Domino’s eyes higher profit in fiscal 2024
By Rishav Chatterjee (Reuters) -Australia’s Domino’s Pizza Enterprises on Wednesday said it expects earnings in fiscal 2024 to be significantly higher than 2023 as it …
Assurant Q3 profit surges on growth in global housing unit, investment returns
(Reuters) – Insurer Assurant reported a surge in third-quarter adjusted profit on Tuesday, helped by the strong performance of its global housing unit and higher …
Caesars Entertainment beats Q3 profit estimates on steady demand in Las Vegas casinos
(Reuters) – Caesars Entertainment beat third-quarter profit estimates on Tuesday, as steady demand in Las Vegas casinos helped boost revenue. Discretionary consumer spending has been …
Lower costs, FX boost Brazil’s Ambev net profit in Q3 as sales dip
By Natalia Siniawski (Reuters) – Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares …
GE HealthCare beats quarterly profit estimates on imaging device demand
(Reuters) – GE HealthCare Technologies Inc on Tuesday beat Wall Street expectations for third-quarter profit as a continued recovery in demand for surgical procedures boosted …
MSCI posts higher third-quarter profit as subscriptions rise
(Reuters) – Global index provider MSCI on Tuesday posted a higher third-quarter profit as product subscriptions benefited from a market recovery led by bets of …
Toyota set to ride robust demand, weak yen to bumper profit
TOKYO (Reuters) – Toyota Motor is expected to report a surge in third quarter profit on Wednesday and lift its full-year outlook as the Japanese …
Vespa maker Piaggio posts record nine-month profit
(Reuters) – Italian scooter manufacturer Piaggio reported a 13.8% jump in its nine-month core profit on Monday, as strong performance in the Americas and Europe, …
Loews posts Q3 profit on higher investment income, insurance premium
(Reuters) – Loews Corp on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and …
China Southern Airlines posts quarterly net profit
BEIJING (Reuters) – China Southern Airlines reported a net profit of 4.2 billion yuan for the third quarter, its first profit in nearly four years. …
Capital One beats profit estimates on interest income boost
(Reuters) – Capital One Financial on Thursday sailed past estimates for third-quarter profit as the consumer lender charged higher interest rates on loans, sending its …
Mexico’s Cemex Q3 profit slides on year-ago asset sales, as taxes bite
By Kylie Madry MEXICO CITY (Reuters) -Mexican cement-maker Cemex on Thursday reported a 75% slump in third-quarter profit, on a nearly five-fold rise in taxes …