Category: profit
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Insurer Manulife’s second-quarter profit rises on strong Asia growth By Reuters
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(Reuters) – Canada’s Manolive Financial Inc reported better-than-expected quarterly profit on Wednesday, helped by a 40 percent rise in earnings from Asia, a region the insurer is betting on for growth. The Asia business, which includes operations in 12 markets and more than 100 banking partnerships, is among the insurer’s…
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NZDUSD moves higher and moves closet to resistance targets. Could see some profit taking.
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The New Zealand dollar rose against the US dollar during today’s trading, supported by improving employment expectations and risks to flows after the Bank of Japan said it does not need to tighten monetary policy if markets are unstable. The move to the upside has lifted the price above the…
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Walt Disney warns theme park revenue to fall, profit slips By Reuters
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By Dawn Chmielowski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co forecast a “moderation in demand” for its theme park business in the coming quarters, overshadowing the success of Pixar’s animated film “Inside Out 2” and the company’s television business. The company’s shares fell 1.1% on Wednesday after…
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CSX beats second-quarter profit on better volumes, strong pricing By Reuters
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(Reuters) – U.S. railroad CSX Inc (NASDAQ:CSX) narrowly beat second-quarter profit estimates on Monday, helped by higher freight volumes and strong rates, sending its shares up 5% after the open. Improving intermodal volumes, or goods moved across two or more modes of transportation, has helped railroads post profits along with…
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Top Analysts Compare Profit Potential Between Bitcoin (BTC) & New Cryptocurrency
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Bitcoin (BTC) has long been a cornerstone of the cryptocurrency market, best known for its pioneering role in the digital asset space. As the first cryptocurrency, Bitcoin (BTC) has established itself as a store of value and a hedge against economic uncertainty. Historically, Bitcoin has shown significant volatility, with notable…
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Carlyle Q2 profit misses, shares drop amid market sell-off By Reuters
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By Echo Wang NEW YORK (Reuters) – A private equity firm The Carlyle Group General Electric Co. (NASDAQ:GE) reported a larger-than-expected 11.7% year-over-year decline in distributable profit in the second quarter on Monday, as record revenue from management and transaction fees failed to offset a big drop in performance fees.…
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Amazon stock tumbles 8% as profit, revenue outlook disappoints
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Amazon (AMZN) stock fell 8% in afternoon trading Friday after the retail and cloud giant delivered current-quarter forecasts on Thursday that missed expectations on both the top and bottom lines. The disappointing returns were compounded by a weak July jobs report, which sent the tech world and the broader market…
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Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs By Reuters
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(Reuters) – Bleach maker Clorox Co forecast annual profit to beat estimates after beating fourth-quarter earnings on Thursday, helped by back-to-back price increases in home care products and reduced input costs that improved margins. Demand for the company’s cleaning products such as floor cleaners and disinfectant sprays improved as consumers…
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Investors reap Sh14b profit in secondary market bond sales
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Bondholders made a profit of N14 billion from trading on the Nairobi Securities Exchange (NSE) secondary market in the second half of the year, benefiting from higher prices of infrastructure bonds. Investors sold bonds with a face value of Sh309.6 billion against a volume of Sh323.6 billion in the quarter,…
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Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing By Reuters
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By Daniel Leussink TOKYO (Reuters) – Demand for hybrid vehicles is likely to drive another quarter of double-digit growth for Japan’s economy. Toyota Motor Co. (NYSE:) is expected to report a net profit when it reports earnings on Thursday, although it is expected to show signs of slowing after a…
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Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd forecast strong demand for artificial intelligence-powered chips in the second half of this year, reporting a more than 15-fold increase in its second-quarter operating profit. “AI servers are expected to capture a larger share of the (memory)…
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Microsoft’s Azure growth, profit in focus during Q4 results
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Microsoft (NASDAQ:MSFTMicrosoft is scheduled to report fourth-quarter results on Tuesday, and investors will be focusing on Azure growth and earnings, given the Redmond-based tech giant’s capital investment in artificial intelligence. Wall Street expects the company to post earnings per share of $2.94. On revenues of $64.44 billion, representing an increase…
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Dow misses profit estimates on lower demand in Asia, Europe
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(Reuters) – Dow Chemical Co said on Thursday it missed second-quarter earnings expectations, hurt by lower prices and demand in key markets including Asia and Europe. Manufacturing activity in the eurozone and China declined during the quarter, with Chinese economic data in June showing raw material stocks in contraction territory.…
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Swiss private bank Julius Baer H1 profit drops 15% By Reuters
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ZURICH (Reuters) – Swiss private bank Julius Baer reported a 15 percent drop in profit in the first half of 2024 on Thursday, a turbulent period that saw its chief executive step down in the wake of the multi-million dollar Cigna debacle. The Zurich-based bank said adjusted net profit fell…
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Ford profit disappoints, stock falls 11% as quality issues dog automaker By Reuters
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By Nora Eckert and Nathan Gomez (Reuters) – Ford Motor Co reported a drop in second-quarter adjusted profit on Wednesday as the automaker continued to grapple with costly quality issues and an electric vehicle business that weighed on its bottom line, sending shares down 11% in after-hours trading. The Detroit…
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Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement By Reuters
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(Reuters) – Thermo Fisher Scientific Inc (NYSE: ) on Wednesday raised its annual earnings forecast and reported better-than-expected second-quarter profit, citing improved demand for its instruments and services used in clinical trials. Contract drugmakers saw spending cutbacks from their biotech clients in 2023 amid rising interest rates. The public funding…
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Tesla misses profit estimates, extending weak start to 2024
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Article Content Tesla Inc. missed Wall Street’s second-quarter earnings expectations, continuing a rocky start to the year marked by slowing sales and mass layoffs across the company. It was the fourth straight year that the electric carmaker missed its forecast, reporting adjusted earnings of 52 cents a share on Tuesday,…
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TSMC set to report strong profit; stock pressured by Trump comments By Reuters
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TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co., the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 30 percent jump in second-quarter profit on Thursday on surging demand. The world’s largest contract chipmaker, whose clients include Apple (NASDAQ:) and Nvidia (NASDAQ:), has benefited from…
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United Airlines Q3 profit outlook disappoints amid industrywide discounting pressure By Reuters
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By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday forecast lower-than-expected profit in the current quarter as the industry grapples with a surplus of seat capacity in the domestic market that has undermined airlines’ pricing power. The Chicago-based airline expects adjusted earnings of $2.75 to $3.25…