By Olivier Sorgho and Leo Marchandon (Reuters) -French telecom services provider Orange reported a rise in second-quarter core profit on Wednesday, boosted by strong sales in Africa and the Middle East, and price increases in Europe. Core profit after leases, excluding the company’s Spanish operations, rose 2.6% year-on-year to 3.11 billion euros ($3.37 billion), in …
Orange weathers pricing competition as Q2 earnings rise Read More »
By Victoria Waldersee BERLIN (Reuters) -Porsche said it was fighting to restore production volumes and to re-prioritise spending after supply chain snags, slow EV demand and a sales slump in China weighed on results in the first half. The luxury sportscar maker was hit harder than rivals by recent aluminium supply shortages in Europe because …
Porsche bids to restore production, boost margins after weak first half Read More »
By Jesús Aguado MADRID (Reuters) – Spain’s Santander hiked its profitability goals after strong growth at its main retail business, especially in Spain and Brazil which offset some weakness in Britain and a hit from hyperinflation in Argentina. The euro zone’s second-biggest bank by market value has relied in the past on Latin America for …
Santander raises profitability goals after record quarter Read More »
By Paul Sandle LONDON (Reuters) -Britain’s Informa said on Wednesday it had reached a deal to buy Cannes Lions Festival owner Ascential for 1.2 billion pounds ($1.6 billion), adding the flagship ad industry conference to its portfolio of events. Shares in Ascential, which also owns the Money20/20 fintech events, jumped 26% to 565 pence in …
Informa to buy Cannes Lions owner Ascential for $1.6 billion Read More »
By Nina Chestney LONDON (Reuters) – Britain’s national gas network is ready to accommodate hydrogen as a fuel to power homes and industry, a report based on a trial carried out by National Gas showed on Wednesday, which owns and operates the gas transmission network. Replacing natural gas with hydrogen is viewed as a way …
Britain’s gas network ready for hydrogen fuel, report says Read More »
By Nora Eckert DETROIT (Reuters) – General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street’s expectations, and raised its annual profit forecast for a second time this year, buoyed by strong pricing and demand for gas-powered trucks. The company’s shares lost 6.4% on the day, however. The selloff could be related …
GM beats quarterly expectations and raises forecast, but shares dive Read More »
(Reuters) – Seagate Technology forecast first-quarter revenue above Wall Street estimates on Tuesday, driven by increased demand for memory chips from personal computing and data center clients, sending its shares up 6.8% in extended trading. The Dublin, Ireland-based computer hard drive maker has benefited from a recovery in the memory devices market, after it took …
Seagate forecasts first-quarter revenue above estimates, shares jump Read More »
By Greg Bensinger and Yuvraj Malik (Reuters) – Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services. The shares rose about 2% after dipping slightly in after-market trading. They had gained more than 30% this year. Net income in …
Google parent Alphabet beats quarterly revenue, profit estimates Read More »
(Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street expectations as steep borrowing costs limited consumer spending, sending shares of the world’s largest payments processor down 2.1% in extended trading. The U.S. Federal Reserve’s efforts to curb inflation have taken interest rates to their highest since the global financial crisis of 2008, stretching the …
Visa’s third-quarter revenue misses Street expectations, shares dip Read More »
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects. Tesla recorded automotive gross margin excluding regulatory credits …
Tesla misses Wall Street targets as price cuts, incentives weigh Read More »
