Global Banking & Finance

NOVEMBER 5, 2024

By Kiyoshi Takenaka TOKYO (Reuters) -Nintendo cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 The forecast is below analyst estimates for profit of 391.4 billion) on Tuesday, as sales of its ageing Switch console lost steam. billion yen. The Kyoto-based gaming company sold 4.7

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Global Banking & Finance

NOVEMBER 10, 2024

(Reuters) – German automotive and industrial supplier Continental on Monday cut its sales guidance for the second time this year, blaming weak demand in Europe and North America, even as it posted third-quarter core profit above expectations. Continental now expects sales for 2024 to be between 39.5 and 42 billion euros ($42.9

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Global Banking & Finance

NOVEMBER 6, 2024

TOKYO (Reuters) -Japan’s Honda Motor reported a surprise 15% drop in second-quarter operating profit on Wednesday, missing analysts’ expectations as it suffered a heavy sales decline in China. Japan’s second-largest automaker said operating profit was 257.9 billion yen ($1.68 The […]

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Global Banking & Finance

NOVEMBER 12, 2024

(Reuters) – Drugmaker AstraZeneca lifted its annual sales and profit forecast for the second time in less than four months on Tuesday, helped by resilient demand for its cancer and rare diseases medicines, after third-quarter results beat estimates.

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Global Banking & Finance

NOVEMBER 9, 2024

(Corrects paragraph 8 to show new factory was opened in Slovakia, not Slovenia) By Helen Reid LONDON (Reuters) – Inter IKEA, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its range of products like […] (..)

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Global Banking & Finance

NOVEMBER 5, 2024

By Linda Pasquini and Helen Reid (Reuters) -Zalando on Tuesday reported a higher profit margin for the third quarter thanks to strong consumer demand and cooler September weather, as it focused on upmarket brands to fend off competition in the mass market.

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Global Banking & Finance

NOVEMBER 7, 2024

By Ananya Mariam Rajesh (Reuters) -Under Armour shares shot up 20% on Thursday as the sportswear maker raised its annual profit forecast, betting on lower input costs and cost-saving strategies such as fewer discounts at its own stores and website.

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Global Banking & Finance

NOVEMBER 14, 2024

By Jesus Calero (Reuters) – Games developer Embracer on Thursday posted a bigger-than-expected drop in second-quarter operating profit driven by game release delays in a seasonally-softer quarter. The owner of the Tomb Raider franchise said its adjusted operating profit fell 33% to 1.2 billion Swedish crowns ($109.18

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Global Banking & Finance

OCTOBER 29, 2024

(Reuters) -Finnair, Finland’s national carrier, tightened its annual operating profit forecast range on Tuesday after third-quarter earnings fell from a strong year-ago comparable period, sending its shares down 8% in early trade.

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Global Banking & Finance

AUGUST 16, 2024

Selling your home swiftly at a profit may seem daunting, but it can be achieved efficiently with the strategies and approach. Whether you’re moving, facing constraints, or just ready for a change, the key is to increase your property’s appeal to buyers and simplify the selling process.

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Global Banking & Finance

NOVEMBER 3, 2024

By Conor Humphries DUBLIN (Reuters) -Budget airline Ryanair said on Monday that average fares fell 10% in the six months ended September, leading to an 18% year-on-year fall in first-half profit, but its current quarter bookings looked strong and ticket price weakness was moderating.

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Global Banking & Finance

FEBRUARY 7, 2024

Akzo Nobel misses profit forecast, says it rolled back some prices in Q4 By Stephanie Hamel (Reuters) -Akzo Nobel reported a smaller-than-expected rise in fourth-quarter core profit on Wednesday, as the Dutch paints and coatings maker started rolling back price hikes in some of its markets.

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Global Banking & Finance

OCTOBER 30, 2024

By Jagoda Darlak (Reuters) – Finnish stainless steel maker Outokumpu beat market expectations for its third-quarter core profit (EBITDA) on Wednesday, helped by improved result in its ferrochrome business and higher stainless steel prices in Europe.

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Global Banking & Finance

NOVEMBER 19, 2024

By Sriparna Roy and Mariam Sunny (Reuters) -Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United States. Its shares still fell nearly 3% in early trading.

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Global Banking & Finance

NOVEMBER 7, 2024

decline in its third-quarter operating profit due to a decline in heavy duty truck and bus volumes in Europe. By Giulio Piovaccari MILAN (Reuters) -Iveco Group said on Thursday it would accelerate plans to cut costs and improve efficiency as it reported a 12.6% Shares in the company were up 6.7% by 1015 GMT, among […]

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Global Banking & Finance

FEBRUARY 8, 2024

Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks By Mateusz Dobrzyniewski and Anastasiia Kozlova (Reuters) -Swisscom met expectations with a 4.9% rise in full-year core profit on Thursday boosted by growth in its Fastweb business in Italy.

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Global Banking & Finance

NOVEMBER 8, 2024

By Gus Trompiz PARIS (Reuters) – Strong global demand pushed up CMA CGM’s third-quarter profit while the current quarter was seeing a rush to ship goods from China, the shipping group said on Friday as it played down the risk to trade from possible U.S. The French company reported a net profit of $2.73 […]

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Global Banking & Finance

OCTOBER 31, 2024

(Reuters) – Norwegian Cruise Line Holdings on Thursday raised its annual profit forecast for a fourth time this year, encouraged by record third-quarter revenue and advance ticket sales. Cruise operators marked robust demand this quarter for their vacation experiences as consumer spending in the U.S.

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Global Banking & Finance

OCTOBER 29, 2024

By Joanna Plucinska, Rachel More and Ilona Wissenbach LONDON/BERLIN/FRANKFURT (Reuters) -German airline group Lufthansa reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines and spiralling costs. Third-quarter operating profit of 1.3

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Global Banking & Finance

OCTOBER 30, 2024

By James Davey LONDON (Reuters) -Next said on Wednesday it expected to report annual profit in excess of 1 billion pounds ($1.3 billion) for the first time in its history in its current financial year, underscoring the success of the British clothing retailer. The group, led by CEO Simon Wolfson, raised its outlook for the […]

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Global Banking & Finance

NOVEMBER 6, 2024

By Nick Carey and Christoph Steitz LONDON/FRANKFURT (Reuters) -BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations because of slumping China sales and brake problems and sending its shares to their lowest level in more than 2-1/2 years.

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Global Banking & Finance

OCTOBER 29, 2024

(Reuters) -German chemicals maker Covestro lowered the upper end of its full-year core profit forecast range on Tuesday for the second time this year, citing lacklustre global demand in a challenging economic environment.

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Global Banking & Finance

JULY 27, 2023

Sabadell doubles Q2 net profit, lifts guidance for 2023 By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations and prompting the bank to lift its guidance for overall lending income and profitability in 2023.

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Global Banking & Finance

NOVEMBER 6, 2024

By Francesca Landini MILAN (Reuters) -Italy’s biggest utility Enel said on Wednesday its nine-month core profit rose 6.5% year on year, on the back of strong renewable power production, which more than compensated a fall in retail energy prices in its home country.

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Global Banking & Finance

OCTOBER 16, 2024

By Tatiana Bautzer, Manya Saini and Niket Nishant (Reuters) – Morgan Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record.

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Global Banking & Finance

NOVEMBER 6, 2024

(Reuters) – Coty on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for beauty products in major markets such as the United States and Australia offset gains in the fragrance segment. The beauty industry, mainly in the United States, is witnessing a slowdown in […]

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Global Banking & Finance

OCTOBER 30, 2024

MADRID (Reuters) -Spanish power utility Endesa said on Wednesday that it is on track to meet its targets for the year after a recovery in its gas business helped net profit for the first nine months rise 33%, surpassing analysts’ expectations. The company, owned by Italian energy giant Enel, posted a net profit of 1.4 […]

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The New York Times: Mergers, Acquisitions and Dive

MARCH 2, 2024

Ahead of an expected drop in enrollment, the institution is looking to buy the University of Phoenix, a for-profit school with a checkered past. Is it worth $550 million?

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Global Banking & Finance

OCTOBER 29, 2024

By Ozan Ergenay (Reuters) -Swiss specialty chemicals maker Clariant cut its 2024 sales target on Tuesday and reported third-quarter core profit below expectations, weighed down by lower volumes in its catalysts business and restructuring charges. million) […]

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Global Banking & Finance

AUGUST 24, 2023

Russia’s Gazprom Neft Q2 net profit falls 43% y/y MOSCOW (Reuters) -Russian oil major Gazprom Neft said on Thursday its second-quarter net profit fell 43% from the same period last year to 140.1 Profits for global oil majors have dropped by about half from a bumper 2022, when […] billion roubles ($1.5

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Global Banking & Finance

NOVEMBER 14, 2024

By Marleen Kaesebier (Reuters) -Deutsche Telekom on Thursday raised its full-year core profit guidance and reported a slight consensus beat on the metric in the third quarter, as strong momentum in Europe matched that of its U.S. unit T-Mobile.

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Global Banking & Finance

OCTOBER 25, 2024

billion), it said on Friday, after beating third-quarter profit expectations. It reported an adjusted net profit of 1.27 By Francesca Landini MILAN (Reuters) -Italian energy group Eni will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion euros, topping the 1.08

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Global Banking & Finance

NOVEMBER 7, 2024

By Marta Frackowiak (Reuters) -Belgian bank KBC beat its third-quarter profit expectations on Thursday, helped by a rise in net interest income, and net fee and commission income. The financial group’s net profit fell 1% from a year earlier to 868 million euros ($932.7 million) in the quarter ended Sept.

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Global Banking & Finance

OCTOBER 30, 2024

MADRID (Reuters) – Spanish airport operator Aena said on Wednesday its net profit in the first nine months of the year rose 27% from the same period last year as the post-pandemic travel boom pushed passenger traffic to new records. Aena booked a net profit of 1.44 billion euros ($1.56 billion) out of revenues rising […]

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Wall Street Mojo

JANUARY 17, 2024

What Is Profit And Loss Statement? A profit and loss (P&L) statement, sometimes called as an income statement, is a financial report that provides investors and outsiders with a financial overview of a company. Table of contents What Is Profit And Loss Statement? Profit and Loss Statement Explained Sample How To Prepare?

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Global Banking & Finance

NOVEMBER 5, 2024

By Daniel Leussink TOKYO (Reuters) – Toyota Motor is expected to post its first profit drop in two years when it reports second-quarter earnings on Wednesday, signalling cooling demand after a run of robust earnings helped by a consumer shift away from electric vehicles.

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