Tag: “Corporate”

Standard Chartered (StanChart) ‌on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher.

BNP Paribas posted a forecast-beating rise in third-quarter profit on Wednesday, aided by its investment bankers, as the lender announced ‌a €1.3 billion ($1.45 billion) share buyback and played down the impact of soaring government ‌bond yields.

European car giant Stellantis reported a 4 billion euro ($4.5 billion) cash shortfall in the third quarter as it ploughed ahead with a $70 billion turnaround strategy to restore profitability.

Visa reported better-than-expected results and double-digit growth in transactions on Tuesday as it closed out a record year for revenue and profits.

Unilever expects price rises to increase in the ​fourth quarter and next year, it said on Wednesday as it aligns with other consumer goods makers that have said ‌they will pass on to customers a surge in costs linked to the war with Iran.

UBS reported a pretax profit of almost $3.6 billion in the third quarter, up 27% year over year, largely in line with consensus forecasts. The Swiss banking and asset management giant saw strong net inflows into its global wealth management business.

Revenue rose 11% to $2.8 billion, beating forecasts of $2.6 billion, fueled by strength in Biogen’s growth portfolio and the first full quarter of contributions from its acquisition of Apellis Pharmaceuticals in May.

Nvidia has said it will invest $3 billion in Meta after the social media and AI giant announced plans to raise $95 billion to support its investments in artificial intelligence infrastructure.

Nucor came out with quarterly earnings of $5.8 per share, beating the Zacks Consensus Estimate of $5.71 per share. This compares to earnings of $2.63 per share a year ago.

Artificial-intelligenc chip design company Cadence Design Systems CDNS +1.79% posted profit and revenue well above expectations.

Corning’s third-quarter net income rose 58% amid torrid demand for fiber-optic materials from the artificial-intelligence buildout.

DoorDash, opens new tab is in advanced talks to acquire Instacart, opens new tab in a deal that ​could value the grocery-delivery platform at about $17 billion, a source familiar with ‌the matter told Reuters on Monday.

Boeing on Tuesday reported a third-quarter loss of 26 cents per share, as challenges in its commercial airplane division overshadowed larger margins in the rest of the company.

Centene came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.07 per share.

SoFi Technologies raised its full-year guidance after posting higher profit and revenue as well as more memberships.

JetBlue Airways reported a bigger loss in the third quarter compared with last year, but the New York carrier said strong travel demand is helping to offset higher fuel prices as it seeks to calm investors after shares fell to a new low Monday.

HSBC shares fell more than 7 per cent on Tuesday after a steep rise in quarterly profits failed to impress investors who had expected a bigger windfall from rising interest rates.

Ben Cohen and Jerry Greenfield, the eponymous founders of Ben & Jerry’s ice cream, have been exploring a deal with an executive of private-equity firm KKR to separate their brand from its current owner.

Surging oil prices have weighed on cruise-line operators this year, but the industry’s biggest player by total market capitalization has managed to ride the wave.

United Parcel Service raised its annual revenue and profit forecasts on Tuesday after beating quarterly earnings estimates, helped by higher-margin international air shipments and a reduction in lower-margin deliveries for Amazon.com.