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Governor Phil Murphy Sees Huge Profit Margin in High Energy Prices for State Finances
TRENTON, NJ – New Jersey’s government bank accounts are about to see a huge increase in tax revenue collected from anyone who pays an electric bill, thanks to a 20% price hike…
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 its investments. Its U.S. unit earned net…
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 for the payments giant’s long-term growth strategy.…
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 prices have been falling after shipments from…
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 fell, but results beat Wall Street analysts’…
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 investment spread and lower expenses. The insurer…
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 prices for the electric vehicle battery metal.…
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 from investments. Wall Street has rallied this…
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 electric vehicles (EVs) across the globe. Customers…
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 in the shape of asset writedowns and…
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 continues to cut costs. Domino’s reported earnings…
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 investment returns, sending shares up 2.7% in…
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 shifting away from goods and towards experiences,…
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 as lower aluminum prices and favorable exchange…
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 sales of its medical devices. Demand for…
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 the U.S. Federal Reserve easing up on…
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 automaker benefits from both robust demand and…
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, Middle East and Africa (EMEA) regions offset…
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 insurance unit CNA Financial’s strong performance. Markets…
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. The Guangzhou-based carrier posted revenue of 47.7…
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 shares up more than 4% in extended…
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 and as hefty asset sales last year…
Bunge lifts 2023 outlook as vegoils fuel profit beat; shares rally
By Karl Plume CHICAGO (Reuters) -Global crop trader and processor Bunge lifted its 2023 outlook on Thursday after its third-quarter profit topped Wall Street expectations, though earnings were lower year-on-year. Solid crushing…
Merck quarterly profit tops expectations on COVID pill surprise
By Michael Erman (Reuters) -Merck & Co on Thursday reported higher-than-expected results in the third quarter on surprisingly strong demand for its COVID-19 treatment, primarily in Japan, and raised its annual sales…
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…
Air China posts Q3 net profit
BEIJING (Reuters) – Air China, the country’s flagship carrier, posted a third-quarter net profit of 4.24 billion yuan ($579.31 million) on Thursday. ($1 = 7.3191 Chinese yuan renminbi) (Reporting by Beijing newsroom;…
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