Canada’s Scotiabank profit falls on capital market slump, provisions
(Reuters) – Bank of Nova Scotia (Scotiabank) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from …
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Mexico’s Alsea profit slides as rising costs, exchange rate, taxes bite
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea reported on Monday a 31% drop in its fourth-quarter net profit from a year earlier, hit by …
New Jersey Doctor Admits Buying and Selling Oncology Medication for Profit
NEWARK, N.J. – A New Jersey doctor today admitted using his medical license – and allowing other to use his medical license – to purchase …
Australian pallets maker Brambles hikes annual profit outlook; shares jump
By Harish Sridharan (Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, …
Ant Group quarterly net profit plunges by 82.7% -Alibaba filing
SHANGHAI (Reuters) – China’s Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down …
CoStar ends talks to buy Move Inc, posts weak profit forecast
(Reuters) -CoStar Group said on Tuesday it was no longer in talks to buy Realtor.com owner Move Inc from News Corp and forecast disappointing first-quarter …
Corebridge posts smaller-than-feared profit drop on strong investment income
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more …
Swiss Re 2022 net profit down 67%; sees brighter outlook for 2023
FRANKFURT (Reuters) – Reinsurance company Swiss Re said on Friday that net profit for 2022 fell 67% as it faced claims from Hurricane Ian in …
Exclusive-SoftBank’s Arm China profit drops over 90% in 2022 -document
By Jane Lanhee Lee and Kane Wu OAKLAND, Calif./HONG KONG (Reuters) – Chip technology firm Arm China suffered a 90% drop in profit last year …
Roku shares jump on promise of turning a profit
(Reuters) – Streaming device maker Roku Inc is aiming to turn a profit in 2024 as it strives to drastically cut costs to ride out …
Insurer AIG profit shrinks as storm-related costs, weak investment returns hit
(Reuters) – U.S. insurer American International Group reported a near 24% fall in fourth-quarter profit on Wednesday, hurt by losses tied to a winter storm …
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart …
Leidos Holdings sees 2023 profit below estimates as supply chain woes persist
(Reuters) – U.S. defense contractor Leidos Holdings Inc forecast lower-than-expected 2023 profit as the industry struggles with labor shortages, higher costs and lingering supply chain …
Brazil’s Carrefour Brasil posts 28% drop in Q4 adjusted net profit
SAO PAULO (Reuters) – Carrefour Brasil reported on Monday its fourth-quarter adjusted net profit decreased 28.2% from a year earlier to 550 million reais ($106.19 …
Finnish insurer Sampo misses profit forecast in volatile market
(Reuters) – Finnish insurer Sampo on Friday reported a bigger-than-expected drop in fourth-quarter earnings citing challenging capital markets environment, sending its shares falling more than …
Tenet Healthcare’s fourth-quarter beat puts 2023 concerns at bay
(Reuters) -Tenet Healthcare Corp on Thursday beat Wall Street estimates for fourth-quarter results as growth in its outpatient service business put concerns around the hospital …
Mexican bottler Arca reports 24% rise in Q4 net profit
MEXICO CITY (Reuters) -Mexican bottler Arca Continental reported a 24.2% increase in fourth-quarter net profit year-over-year, the company said in a statement on Thursday, pointing …
CVS Health beats quarterly profit estimates on lower medical costs
(Reuters) – CVS Health beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna …
Prudential Financial profit falls 26% as market rout drags AUM
(Reuters) – Prudential Financial Inc reported a roughly 26% fall in fourth-quarter adjusted profit on Tuesday as a global market rout pressured the insurer’s assets …
S. Africa’s Sasol expects HY profit to double on higher oil price
(Reuters) – South African petrochemical group Sasol said on Tuesday it expects its half-year profit to double, driven by strong oil prices and despite operational …
Keppel profit slumps on China lockdown, real estate woes; sees green shoots
By Roushni Nair and Sameer Manekar (Reuters) – Singapore’s Keppel Corp posted a steeper-than-expected drop in annual profit on Thursday hurt by its urban development …
Aptiv says no EV production surge yet after price cuts
(Reuters) -Executives at auto parts supplier Aptiv Plc said on Thursday they do not yet see a surge in electric vehicle (EV) production after recent …
Japan’s Takeda’s profit slips 13%, pipeline bolsters outlook
TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co posted a 13% drop in operating earnings for the nine months ended December but kept its profit outlook …
India’s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher …
BBVA posts record 2022 profit on Mexico, sees positive trends in main market
By Jesús Aguado MADRID (Reuters) – BBVA on Wednesday posted a 38% jump in net profit to a record 6.42 billion euros ($6.98 billion) for …
Imperial Oil CEO optimistic Alberta gov’t will add to carbon capture funding
By Nia Williams and Arshreet Singh (Reuters) -The chief executive of Canada’s Imperial Oil on Tuesday expressed optimism that the Alberta government will contribute funding …
Refiner Phillips 66 joins rivals in posting sky-high profit
(Reuters) – Phillips 66 on Tuesday became the latest refiner to post bumper quarterly profit, as higher fuel demand boosted margins. The Houston, Texas-based refiner’s …
Homebuilder PulteGroup’s quarterly profit beats estimates on higher house prices
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening …
Irn-bru maker A.G. Barr sees FY profit, revenue beating expectations
(Reuters) – A.G. Barr said on Tuesday it expects its full-year revenue and profit to beat market expectations, helped by price hikes and steady demand …
Appliance maker Whirlpool’s 2023 profit forecast beats expectations
(Reuters) – U.S. home appliances maker Whirlpool Corp forecast full-year profit above Wall Street estimates on Monday, helped by cost cuts and easing raw material …
GM, Ford must convince investors they can profit as prices fall
DETROIT (Reuters) – General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks …
Dubai lender Emirates NBD 2022 net profit up 40%
DUBAI (Reuters) – Emirates NBD, Dubai’s biggest lender, reported a 40% jump in 2022 net profit to 13 billion dirhams ($3.5 billion) on Thursday, helped …
Testing company SGS reports 4.1% drop in full year profit
ZURICH (Reuters) – Testing and inspection group SGS said it was aiming for organic growth in the mid-single digit percentage range this year after on …
Hess tops Wall St profit estimates, signals dividend increase
By Sabrina Valle, Liz Hampton and Sourasis Bose (Reuters) -U.S. oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for fourth-quarter profit …
Norfolk Southern misses quarterly profit estimates on higher operating expenses
(Reuters) – Norfolk Southern Corp reported a lower-than-expected fourth-quarter profit on Wednesday as U.S. railroad operators struggle with labor shortages, service problems and high fuel …
Nidec shares slide 7% after profit forecast cut
TOKYO (Reuters) – Shares in Japan’s Nidec Corp slumped as much as 7% on Wednesday morning in Tokyo after the electric motor maker nearly halved …
India’s Reliance Industries misses profit view on windfall tax
By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation …
Citgo Petroleum on track for $2.5 billion profit in 2022 – supervisory board
HOUSTON (Reuters) – Refiner Citgo Petroleum is on track for a $2.5 billion profit this year, which it plans to use for repaying debt and …
UK retailer Currys warns on profit as Nordic chill sweeps in
By Aby Jose Koilparambil (Reuters) -British electricals retailer Currys cut its full-year profit forecast on Thursday after heavy discounting by rivals in the Nordics region …
Lufthansa raises 2022 profit forecast, shares rise
(Reuters) – Lufthansa expects to achieve adjusted earnings before interest and taxes (EBIT) of around 1.5 billion euros ($1.58 billion) in 2022, the German flag …
Air New Zealand raises first half profit outlook on travel demand
(Reuters) – Air New Zealand Ltd on Thursday increased its earnings forecast for the first half of fiscal 2023, helped by strong travel demand across …
TD Bank quarterly profit jumps on higher rates boost
(Reuters) -Canada’s TD Bank posted a surge in fourth-quarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and …
Bank of Montreal posts lower quarterly profit as capital markets slump
(Reuters) – Canada’s Bank of Montreal posted a lower fourth-quarter profit on Thursday, as revenue from its capital markets business tumbled and the lender increased …
National Bank of Canada quarterly profit falls on higher expenses, provisions
(Reuters) – National Bank of Canada posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of …
Nomura CEO says U.S. becomes profit driver despite one-off losses
TOKYO (Reuters) – Nomura Holdings Inc’s U.S. wholesale business has emerged as a profit driver despite some large one-off losses in the region that had …
Chevron’s Venezuelan oil exports will not profit state-run PDVSA – Washington source
HOUSTON (Reuters) – A U.S. license allowing Chevron Corp to expand Venezuela’s oil production and export its oil will be designed to prevent the country’s …
Abercrombie posts surprise profit, sees better holiday-quarter sales
(Reuters) -Abercrombie & Fitch Co on Tuesday posted a surprise third-quarter profit and forecast a smaller-than-expected drop in current-quarter sales as it remains “cautiously optimistic” …
Dell quarterly profit jumps on higher server demand, lower costs
(Reuters) – Dell Technologies Inc posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak …
Kohl’s withdraws annual sales, profit forecasts
(Reuters) -Kohl’s Corp withdrew its 2022 sales and profit forecasts on Thursday, blaming an uncertain economic outlook and the departure of top boss Michelle Gass. …
Colombia’s Grupo Aval posts 23.2% decrease in Q3 net profit
(Reuters) -Colombian financial conglomerate Grupo Aval reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 …