UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results, further hiking one of the most ambitious payout targets among European banks, after posting its best profit in over a decade. The Italian bank said net profit came in at 2.46 billion euros in the three months…
A Ryanair aircraft Boeing 737-800 prepares to take off at Krakow Airport. Omar Marques | Getty Images News | Getty Images Ryanair on Monday posted its largest after-tax profit for the October-December quarter and said bookings for Easter and summer flights in recent weeks were “very robust”, boosted by demand from Asian travelers and a…
A sign is posted in front of a Chevron gas station on July 31, 2020 in Novato, California. Justin Sullivan | Getty Images Chevron on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by asset writedowns and a retreat…
HONG KONG, CHINA – 2021/08/07: Pedestrians cross the street in front of the Swedish multinational clothing design retail company Hennes & Mauritz, H&M, store in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Sweden’s H&M reported on Friday a much larger than expected drop in September-November…
Chemicals giant Dow Inc on Thursday missed Wall Street estimates for fourth-quarter results, hurt by higher energy costs, weaker demand and supply chain disruptions, and said it would cut about 2,000 jobs, or about 5% of its workforce. Production costs have risen in recent quarters following Russia’s invasion of Ukraine, while China’s Covid-led lockdowns have…
Diageo, the world’s largest spirits maker, beat first-half sales forecasts on Thursday as it raised prices and more people drank premium spirits. The London-based company, which makes Tanqueray gin, Captain Morgan’s rum and Ketel One vodka, said net sales rose 9.4% in the six months to December 31, beating analyst forecasts for a 7.9% rise.…
IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM reported quarterly revenue on Wednesday that topped analysts’ estimates, driven by higher-than-expected growth in the company’s software and infrastructure segments. Here’s how the company did: Earnings:…
Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Electric vehicle maker Tesla plans to report fourth-quarter results after market close on Wednesday. Here’s what analysts were expecting as of Wednesday morning,…
Dutch chip equipment maker ASML forecast a jump in 2023 revenue as the semiconductor industry predicts there will be a reacceleration of growth in the second half of this year. ASML is one of the world’s most important companies in the chip supply chain. It produces machines that are required to make the world’s most…
Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company’s Korean unit. SeongJoon Cho | Bloomberg | Getty Images Microsoft will report fiscal second-quarter results after the close of regular trading on Tuesday. Here’s what analysts…
