Microchip Technology forecasts further drop in third-quarter revenue
(Reuters) – Microchip Technology on Monday forecast a further drop in its third-quarter revenue, citing lower shipment levels and a weak economy. Shares of the company fell 4.1% in trading after the…
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…
Third-quarter US earnings now seen growing 4.3% year-on-year -LSEG data
NEW YORK (Reuters) – U.S. third-quarter earnings estimates are looking more optimistic, with overall S&P 500 earnings expected to have increased 4.3% from a year ago, LSEG data showed on Friday. That…
IBM’s third-quarter results beat estimates on resilient software demand
By Chavi Mehta (Reuters) – IT software and consultancy services provider IBM reported third-quarter revenue and profit above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions. Shares…
Third-quarter US earnings estimate improves slightly -LSEG
NEW YORK (Reuters) – The estimate for U.S. third-quarter earnings has improved slightly this week, with more S&P 500 companies including Microsoft reporting stronger-than-expected results. With results in from 146 of the…
US retail sales beat expectations in boost to third-quarter GDP growth expectations
WASHINGTON (Reuters) -U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic growth accelerated…
Prologis beats third-quarter FFO estimates, warns of “negative customer sentiment”
(Reuters) – Warehouse-focused real estate investment trust (REIT) Prologis reported better-than-expected quarterly funds from operations (FFO) per share on Tuesday on higher rental revenue but warned of demand pressures. The company said…
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…
Ford’s third-quarter US auto sales rise on pickup, crossover SUV demand
(Reuters) – Ford Motor on Wednesday posted a near 8% rise in U.S. auto sales for the third-quarter, driven by continued demand for crossover SUVs and pickup trucks. The automaker notched quarterly…
Ternium forecasts lower third-quarter earnings as steel prices drop
MEXICO CITY (Reuters) -Steel producer Ternium reported a 21.4% decrease in second-quarter net profit on Tuesday, as shipments remained flat and steel prices dropped, prompting it to forecast lower core earnings for…
Tinder-parent Match sees third-quarter revenue above estimates on strong user growth
(Reuters) – Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing to drive user growth, sending its shares up about…
China’s Li Auto sees higher deliveries in Q4; third-quarter loss widens
(Reuters) – China’s Li Auto Inc on Friday forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost management. The…
EVs and hybrids account for 43% of third-quarter EU new car sales
By Nick Carey LONDON (Reuters) – Electric and hybrid vehicles accounted for 43% of sales of new cars in the European Union in the third quarter, data from the European Automobile Manufacturers…
Nutrien cuts 2022 profit forecast again on lower potash prices
By Ruhi Soni (Reuters) -Nutrien Ltd on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer…
MetLife third-quarter profit more than halves on lower investment returns
(Reuters) – MetLife Inc on Wednesday reported a 53% drop in third-quarter profit as economic pressures and a global market rout led to weaker returns from the U.S. insurer’s investments. The company’s…
Nutrien third-quarter profit more than doubles
(Reuters) – Top fertilizer maker Nutrien Ltd said on Wednesday its third-quarter profit more than doubled, helped by demand for its plant nutrients from farmers looking to take advantage of higher crop…
Prudential Financial third-quarter profit falls as market rout hits AUM
(Reuters) – Prudential Financial Inc on Tuesday reported a fall in quarterly adjusted profit as the insurer’s assets under management (AUM) came under pressure from a recent selloff in global markets. Decades-high…
Broker TP ICAP third-quarter revenue jumps on market volatility
(Reuters) – TP ICAP posted a 14% jump in its third-quarter revenue in reported currency on Tuesday, as the world’s biggest inter-dealer broker benefited from stock and foreign exchange market volatility and…
Mexico’s Cemex posts third-quarter profit after raising prices
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) -Mexican cement producer Cemex posted a profit for the third quarter Thursday on higher prices, though shares slid after it missed core earnings…
U.S. shale producer EOG pays $847 million to settle third-quarter hedges
(Reuters) – Shale oil and gas producer EOG Resources Inc paid $847 million during the third quarter to settle wrong-way bets on energy prices, the company said in a regulatory filing on…
Goldman hikes third-quarter GDP growth estimate to 1.9%
By Stephen Culp NEW YORK (Reuters) – Goldman Sachs boosted its third-quarter GDP growth estimate by a full percentage point, to 1.9% from 0.9%, on Wednesday after a series of economic indicators…
General Motors third-quarter U.S. auto sales jump 24%
(Reuters) – General Motors Co reported a rise in quarterly U.S. auto sales on Monday, as pent-up consumer demand from the pandemic boosted sales volume. The U.S. automaker said third-quarter sales rose…
Union Pacific says third-quarter volumes up as staffing improves, congestion eases
(Reuters) – U.S. railroad operator Union Pacific Corp’s Chief Financial Officer Jennifer Hamann said on Tuesday the company’s third-quarter volumes were up 2% so far from a year earlier, on improved staffing…
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