General Electric Shares Gain Despite a Q3 EPS Miss, Slashed FY Profit Forecast By

© Reuters. By Senad Karaahmetovic Shares of General Electric (NYSE:) are up about 5% in pre-open Tuesday trading after the company delivered mixed Q3 results. General Electric an EPS of $0.35, a big miss compared to the analyst estimate of $0.50. Revenue for the quarter came in at $19.1 billion versus the consensus estimate of … Read more

AT&T Shares Up 3% on Raised Profit Forecast By

© Reuters. By Senad Karaahmetovic Shares of AT&T (NYSE:) are trading almost 3% higher in early Thursday trading after the company raised its full-year profit guidance. For Q3, AT&T an EPS of $0.68 on revenue of $30 billion, higher than the consensus of $0.61 on sales of $29.87 billion. The company also added 964,000 wireless … Read more

Nestle India Q3: Net Profit & Revenue Beat Street’s Estimates & Key Takeaways

By Malvika Gurung — The FMCG conglomerate giant Nestle (NS:) India released its earnings results for the September 2022-ended quarter on Wednesday, posting better-than-expected net profit and revenue figures for the quarter. Nestle is the world’s largest food and beverage company and its Indian unit reported an 8.3% YoY rise in net profit at Rs … Read more

Top Nifty Midcap Loser: Tata Stock Crashes Over 8% on Poor QoQ Profit Show

By Malvika Gurung — Shares of the leading design and technology services provider Tata Elxsi (NS:) plunged over 8% on Monday and were last seen trading 8.1% lower at Rs 7,783.4 apiece after reporting its earnings results for the Sept ending quarter over the weekend. The IT stock was the worst performer or top loser … Read more

Chinese Shipping Giant COSCO Sees Stronger 9-Month Profit

By Ambar Warrick– COSCO SHIPPING Holdings Co Ltd (SS:), the listed arm of the eponymous shipping giant, on Tuesday forecast a stronger net profit for the past nine months thanks to higher sea freight rates. The company expects net profit attributable to shareholders for the nine months to Sept 30 at about 97.21 billion … Read more

LG Electronics’ Q3 profit estimated to have risen 25% on-year

Seoul, Oct 7 (IANS) LG Electronics said on Friday that its preliminary third-quarter operating profit jumped around 25 per cent from a year earlier. The tech company said its profit for the July-September period was predicted to come in at 746.6 billion won ($529 million), up 25.1 percent from 540.7 billion won from the year-ago … Read more

Shell Shares Slide After Third Quarter Profit Warning

By Scott Kanowsky — London-listed shares in Shell PLC (LON:) fell in mid-morning trading after the energy giant warned that lower refining margins will hit third-quarter earnings. In a trading update on Thursday, Europe’s largest oil firm said its indicative refining margin is now expected to come in at $15 per barrel during the period, … Read more

Carl Icahn Amassed a Stake in Twitter, Profit Could Exceed $250 Million

© Reuters. By Senad Karaahmetovic Billionaire investor Carl Icahn amassed a stake worth well over $500 million in Twitter Inc (NYSE:) before Elon Musk’s u-turn yesterday sent shares soaring higher. The Wall Street Journal reports that Icahn was building a stake in Twitter in the past few months, therefore betting that Musk will acquire the … Read more

Slowing Investments Into Fulfilment Services Will Fuel Amazon’s Profit Beats

© Reuters. By Senad Karaahmetovic  A Morgan Stanley analyst reiterated a Top Pick designation on Amazon (NASDAQ:) shares as he sees a nearly 50% upside from current levels. The firm’s deep dive into Amazon’s fulfillment utilization implies the e-commerce giant has built enough capacity until Q4 2024, which makes the analyst very confident that Amazon … Read more