By Jonathan Stempel and David Randall NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s (N:) decision to invest heavily in stocks of companies such as Apple Inc (O:) as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89,Read More →
© Reuters. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha By Jonathan Stempel and David Randall NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway (NYSE:) Inc’sRead More →
© Reuters. FILE PHOTO: A Renault Clio E-Tech Hybrid car is seen at Brussels Motor Show PARIS (Reuters) – French carmaker Renault (PA:) on Friday posted its first loss in 10 years and set a lower operating margin goal for 2020, a crunch year for its planned reboot alongside partnerRead More →
© Reuters. Nissan Motor Co CEO Makoto Uchida speaks during a news conference at its headquarters in Yokohama By Naomi Tajitsu TOKYO (Reuters) – Nissan Motor Co (T:) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure onRead More →
Heineken Holding NV on Wednesday reported a 14% rise in net profit for 2019 and said it expects organic adjusted operating profit growth for 2020 in the mid-single digits. The Amsterdam-based brewer HEIA, +0.37%, which also owns the Sol, Birra Moretti and Tiger beer brands, made a net profit ofRead More →
© Reuters. FILE PHOTO: Uber CEO Dara Khosrowshahi speaks to the media at an event in New Delhi By Tina Bellon and Munsif Vengattil (Reuters) – Uber Technologies Inc (N:) on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter ofRead More →
ING Groep NV on Thursday reported a significant fall in net profit for the fourth quarter of 2019, reflecting increases in risk costs, expenses and effective tax rate. The Dutch bank ING, +1.89% made a net profit of 880 million euros ($972.4 million) for the three months ended Dec. 31Read More →
© Reuters. By Pauline Thomas Investing.com – Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Wednesday 29 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares fromRead More →
© Reuters. FILE PHOTO: A man enters the employee entrance of the Pfizer World Headquarters building in New York (Reuters) – Pfizer Inc (N:) posted a quarterly profit on Tuesday that came in below Wall Street estimates, as sales of breast cancer drug Ibrance fell short of expectations. Under AlbertRead More →
By Sanjana Shivdas and Allison Lampert (Reuters) – Bombardier Inc’s (TO:) shares fell 37% on Thursday after the company warned of lower 2019 profits and said it might have to write down significantly the value of its partnership with Airbus (PA:) on A220 jets. Bombardier, which sold control of theRead More →
© Reuters. A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto (Reuters) – Wells Fargo & Co (N:) reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set asideRead More →
© Reuters. Investing.com – Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the UK market open on Tuesday 14 January. Please refresh for updates for UK market news from the LSE RNS on individual UK shares from , and .Read More →
By Caroline Valetkevitch and Noel Randewich NEW YORK/SAN FRANCISCO (Reuters) – As major U.S. corporations prepare to close the books on a lackluster year of profit growth, they may need to shore up confidence that 2020 will show significant improvement to keep the stock market’s rally going. Wall Street surgedRead More →
© Reuters. Investing.com – South Korea-based index heavyweight Samsung Electronics Co Ltd (KS:) said its profit fall in the fourth quarter was smaller than expected. Operating profit in the quarter ended Dec. 31 likely fell 34% to 7.1 trillion won ($6.09 billion) from 10.8 trillion won a year earlier, SamsungRead More →
© Reuters. A Federal Express Ground truck travels down a highway through Carlsbad, California By Lisa Baertlein (Reuters) – FedEx Corp (NYSE:) on Tuesday issued its second warning for fiscal 2020 profit as it spent heavily to launch Sunday delivery in time for the holidays, the continued tariff fight restrainedRead More →
© Reuters. A man walks in front of the Banco do Brasil headquarters building in Brasilia By Carolina Mandl SAO PAULO (Reuters) – Brazilian state-controlled lender Banco do Brasil SA (SA:) sees its profits likely growing 10% in 2020 from this year, its Chief Financial Officer Carlos Hamilton Araujo saidRead More →
Investing.com — Here is a summary of regulatory news releases from the London Stock Exchange on Tuesday, 19th November. Please refresh for updates Full-year profit before tax at EasyJet (LON:) will be between 420 and 430 million pounds ($554-$557 million), the airline said after what it called a “solid performanceRead More →
Investing.com — Here is a summary of regulatory news releases from the London Stock Exchange on Tuesday, 19th November. Please refresh for updates Full-year profit before tax at EasyJet (LON:) will be between 420 and 430 million pounds ($554-$557 million), the airline said after what it called a “solid performanceRead More →
© Reuters. Analysts cut Asian firms’ 2019 profit outlook by smaller margin (Reuters) – Analysts trimmed their 2019 earnings forecasts for Asian companies by a smaller margin over the past month, Refinitiv data showed, as optimism for the Sino-U.S. trade deal soothed some nerves. Over the past 30 days, analystsRead More →
© Reuters. FILE PHOTO: Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most Powerful Women’s Summit in Washington By Jonathan Stempel and Shubham Kalia (Reuters) – Berkshire Hathaway Inc (N:) on Saturday said its quarterly operating profit rose more than analysts expected, asRead More →
Avis Budget Group Inc. stock tanked in the extended session Thursday after the car-rental company posted an adjusted third-quarter profit well bellow market expectations. Avis CAR, -1.49% said it earned $189 million, or $2.50 a share, in the quarter, compared with $213 million, or $2.68 a share, in the year-agoRead More →
Editor’s note: A previous version of this report misstated analysts’ expectations for revenue in the fifth paragraph. AFP/Getty Images The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Credit Suisse Group AG (CS) said Wednesday that third-quarter net profit more than doubled, beatingRead More →
Tesla Inc. shares continued their late-session rally Thursday, as some analysts weighing in on its third-quarter surprise profit waxed lyrical in their evaluation of the numbers. Wedbush bull Daniel Ives said the Silicon Valley electric car maker TSLA, +14.95% had delivered a “Picasso-like quarter” which was potentially “game changing” withRead More →
(Reuters) – Industrial bellwether Caterpillar Inc (N:) fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China. The results, the latest hint of the deepeningRead More →
Gildan Gildan was downgraded at Stifel after the profit warning Gildan Activewear Inc. stock plummeted 25.7% in Friday trading after the apparel company issued a profit warning and cut its guidance, but CFRA’s Camilla Yanushevsky says investors aren’t seeing the full picture. It was the biggest percentage decline since DecemberRead More →