Cart

0

Business

“Stellantis U.S. auto sales extend free fall in third quarter”

“Stellantis reported U.S. sales Wednesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023. The company was expected to be the worst sales performer of major automakers during the third quarter. Stellantis’ disappointing sales… Continue Reading…

Stocks

“Target shares spike as profits rise, despite cautious sales outlook”

“Target said Wednesday that sales grew about 3% in its fiscal second quarter, a return to growth after a prolonged stretch of sluggish sales and squeezed profits… Even so, the company stuck by its previous full-year sales forecast and struck a… Continue Reading…

Stocks

“TSMC Sales Soared 45% in July on Strong AI Demand, Shares Gain”

“…Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations…” https://finance.yahoo.com/news/tsmc-sales-grow-45-july-054146804.html

Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

Business

“Nintendo profit falls 55% as sales of its ageing Switch console plunge”

“Nintendo revenue and profit plunged in its firscal first quarter as sales of its ageing Switch console decline. Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year. Investors are looking out for news surrounding… Continue Reading…

Business

“Apple sales rise 5%, topping estimates as iPad and Services revenues jump” [Aug 1 2024]

“…Here’s how Apple did versus LSEG consensus estimates for the quarter ended June 29:  Apple expects similar overall revenue growth in the current quarter, company finance chief Luca Maestri said on a call with analysts…” https://www.cnbc.com/2024/08/01/apple-aapl-earnings-report-q3-2024.html

Business

“Starbucks revenue misses estimates as same-store sales decline for second straight quarter”

“Starbucks’ quarterly earnings met expectations, but the company’s revenue fell short of Wall Street’s estimates. In China, same-store sales dropped 14%. The coffee reiterated its outlook after it slashed it last quarter, predicting that its sales slump would not end… Continue Reading…

Business, Stocks

“Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides”

“…Shares of the company fell 5% in morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: P&G reported fiscal fourth-quarter net income attributable to the company of… Continue Reading…

Economy

“Cost-of-Living Crisis Hits Sales of Food, Cars, Luxury Goods”

“…Nestle SA, the world’s biggest food company, cut its revenue outlook for the year on Thursday, while Unilever Plc reported sales that missed estimates and Jeep-owner Stellantis NV posted a plunge in profit. A day before, US appliance maker Whirlpool… Continue Reading…

Business

“Payhawk, a $1 billion corporate card startup, plans M&A shopping spree after 86% sales growth”

“AMSTERDAM — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and take on big players like SAP. Bulgarian-founded Payhawk said it is looking to acquire a company or companies at… Continue Reading…