[the_ad id="1125697"]
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…
Honeywell beats profit estimates on aviation boost
(Reuters) – Honeywell International Inc on Thursday posted a better-than-expected quarterly profit, helped by strong performance in its aviation unit. Sales at the company’s aerospace business rose 18% on an organic basis…
Volvo Cars Q3 profit jumps as costs fall
STOCKHOLM (Reuters) – Sweden-based automaker Volvo Cars reported a rise in third-quarter operating earnings on Thursday driven by strong volumes and lower costs for semiconductors and raw materials. Volvo Cars, majority-owned by…
Whirlpool tempers annual profit forecast on slowing demand
(Reuters) – Whirlpool Corp tempered its full-year profit forecast on Wednesday, signaling softening demand for its washing machines and kitchen appliances amid a cost-of-living crisis and sending its shares 5% lower in…
Walmex posts 12% jump in Q3 net profit
MEXICO CITY (Reuters) – Walmart’s Mexico unit on Wednesday posted a 12.2% year-on-year jump in its third-quarter net profit, driven mainly by stronger sales. Walmart de Mexico, the biggest retailer in Mexico,…
United Rentals beats profit estimates on strong equipment demand
(Reuters) – Equipment rental company United Rentals on Wednesday beat estimates for third-quarter profit on strong demand for industrial tools as spending on infrastructure and construction projects ramped up. Demand for industrial…
Ameriprise Financial profit rises as AUM, client assets climb
(Reuters) – Financial adviser Ameriprise Financial on Wednesday reported a jump in third-quarter adjusted profit, helped by higher client assets and a boost in its assets under management. Total client assets rose…
Ackman’s bet against US Treasuries pays off with $200 million profit
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person…
Norfolk Southern profit slumps, takes $163 million charge on Ohio derailment
(Reuters) – U.S. railroad operator Norfolk Southern’s third-quarter profit slumped 41% on Wednesday as the company took another hefty charge related to the Eastern Ohio freight train derailment. The derailment of one…
Moody’s quarterly profit beats estimates on robust demand
(Reuters) – Ratings agency Moody’s reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics. The New York-based company saw robust demand for its…
Union contract costs, slack demand to pinch UPS profit
By Lisa Baertlein and Priyamvada C (Reuters) – Wall Street analysts expect United Parcel Service to report a sharp drop in third-quarter profit on Thursday as it absorbs significant costs from its…
Spotify posts quarterly profit, user growth beats expectations
By Supantha Mukherjee STOCKHOLM (Reuters) – Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that…
PulteGroup beats profit estimates on strong demand for pricier homes
(Reuters) – PulteGroup beat Wall Street expectations for third-quarter profit on Tuesday, as even at higher prices the demand for new constructions remained strong due to an acute shortage of existing homes.…
Kimberly-Clark boosts profit target for third time as price hikes pay off
(Reuters) – Kimberly-Clark lifted its annual profit forecast for the third time this year after its quarterly profit beat estimates on Tuesday, backed by higher prices and resilient demand for personal care…
Nucor beats quarterly estimates; sees sequential profit drop in Q4
(Reuters) -Nucor Corp on Monday reported a better-than-expected quarterly profit, but said it expects a sequential drop in the current-quarter earnings primarily due to likely lower pricing across all steel segments, particularly…
CSX Corp profit misses Wall Street estimates on weak freight volumes
(Reuters) – U.S. railroad operator CSX Corp on Thursday missed Wall Street estimates for third-quarter profit, as a decline in intermodal freight volumes more than offset pricing gains. Inflationary pressures and higher…
Fifth Third expects further interest income weakness after quarterly profit falls
(Reuters) – Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit. Funding costs of lenders…
Alaska Air cuts profit view as rising labor costs cast shadow
(Reuters) – Alaska Air Group cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees. Major U.S. airlines are already feeling the…
PPG Industries beats quarterly profit estimates, raises FY earnings forecast
(Reuters) – PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector helped boost coatings…
Major airline shares hit turbulence on disappointing profit outlook from United
By Shivansh Tiwary (Reuters) – Shares of major U.S. airlines fell on Wednesday, after a disappointing fourth-quarter forecast from United Airlines a day earlier spooked investors and raised concerns rising costs are…
Northern Trust posts smaller drop in Q3 profit on robust fee-based income
(Reuters) – Asset and wealth manager Northern Trust on Wednesday posted a smaller-than-expected drop in third-quarter profit as a rise in fee-based income cushioned the hit from a drop in its interest…
Goldman Sachs lifts Europe Inc’s 2023 profit growth forecast to 3%
(Reuters) – Goldman Sachs said on Tuesday it expects earnings for companies in the pan-European STOXX 600 index to grow 3% in 2023, compared with its prior projection of no growth, on…
TSMC third-quarter profit to slide 30%, focus on how much growth to come
By Sarah Wu and Ben Blanchard TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 30% slump in third-quarter profit on Thursday but analysts predict robust growth next…
Uniqlo owner set for 26% profit surge on China rebound, yen slide
By Rocky Swift TOKYO (Reuters) – The Japanese operator of global clothing chain Uniqlo is expected to blow past last year’s record profit when it reports results on Thursday, benefiting from a…
Bank of Queensland shares fall on dividend cut, profit plunge
By Echha Jain (Reuters) – Bank of Queensland shares fell nearly 5% on Wednesday, as the lender cut its dividend after annual profit plunged by about 70% amid depressed mortgage lending, and…
Samsung Q3 profit set to slump 80% as chip losses persist
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses in what…
Breaking News
