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Stocks

“Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue”

July 25, 2024

“…Here is how Southwest performed in the second quarter compared with Wall Street expectations, according to consensus estimates from LSEG: The Dallas-based airline said its second-quarter revenue rose 4.5% from last year to $7.35 billion, a record, but its profit dropped more… Continue Reading…

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Stocks

“Ryanair shares tumble 17.2% as budget airline reports 46% fall in quarterly profit, sees lower fares” [JUL, 22, 2024]

July 24, 2024

“… …” https://www.cnbc.com/2024/07/22/ryanair-q1-2024-results-shares-fall-on-lower-fares-fall-in-quarterly-profit.html

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Business, Stocks

“Best Buy jumps 13% as cost-cutting preserves profits despite sluggish sales”

June 4, 2024

“Best Buy on Thursday missed Wall Street’s quarterly sales expectations but stressed higher profits and lower costs as softer demand for consumer electronics continues. Shares of the retailer gained 13% Thursday… Net sales dropped to $8.85 billion from $9.47 billion in… Continue Reading…

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Stocks

“Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit”

May 15, 2024

“…Net income attributable to ordinary shareholders came in at 3.3 billion yuan, down 86% year on year. Shares of Alibaba closed down 6% in the U.S. after falling as much as 8.1% in the first hour of trading…” https://www.cnbc.com/2024/05/14/alibaba-baba-earnings-q4-2024.html The… Continue Reading…

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Business

“Huawei’s quarterly profit surges as it takes China phone market share from Apple”

May 7, 2024

“Huawei Technologies’s net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from U.S. sanctions. Huawei’s revenue for the quarter to… Continue Reading…

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Business

“Exxon profit drops 28%, falls short of estimates”

April 26, 2024

” Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains… Profit per share fell 6% shy of Wall Street analysts’ consensus,… Continue Reading…

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Business

“Samsung expects first-quarter profit to soar 931% as memory chip prices rebound”

April 8, 2024

“Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from a… Continue Reading…

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Economy

[More Lies] “FTC calls out profits as a driver of grocery prices”

April 2, 2024

“A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after COVID-19 recession. Profits and inflation surged together in the aftermath of the pandemic, fueling intense debate among… Continue Reading…

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Business, Stocks

“H&M shares jump 14% as profit smashes expectations”

April 1, 2024

“Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish retailer significantly beat profit expectations for its fiscal first quarter. Operating profit rose to 2.08 billion Swedish kronor ($196 million), versus the 1.43 billion kronor forecast in a poll of… Continue Reading…

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Business

“Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands”

March 25, 2024

“Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare profit warning forecasts overall group revenues to drop 10%… Continue Reading…

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