Profit
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Hot stock: iFast hits 8-month high after surge in Q3 net profit
SHARES of digital bank and wealth management platform iFast rose in early trading on Monday (Oct 28), after the company released its third-quarter financials last week. The counter gained 4.8…
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iFast Q3 net profit rises 97.3% to S$16.8 million on overall revenue growth
DIGITAL bank and wealth management platform iFast posted a 97.3 per cent rise in net profit to S$16.8 million for its third quarter ended Sep 30, 2024, from S$8.5 million…
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HCA Healthcare misses quarterly profit estimates on hurricane impact
HCA Healthcare missed Wall Street estimates for quarterly profit on Friday (Oct 25) after being hit by delays in medical procedures due to Hurricane Helene, sending its shares down about…
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American Airlines lifts profit view on higher pricing, sales strategy correction
The airlines’ pricing power has also improved as the industry cuts down excess capacity in the domestic market American Airlines lifted its annual profit forecast on Thursday (Oct 24), recovering…
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UPS sees profit growth for first time in nearly 2 years
United Parcel Service (UPS) returned to sales and profit growth for the first time in nearly two years as the company benefited from higher volumes, more profitable packages, and steadying…
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Nasdaq’s third-quarter profit rises on fintech strength
NASDAQ reported a rise in third-quarter profit on Thursday (Oct 24), helped by strong demand in its solutions business that houses the exchange operator’s financial technology products. The company’s shares…
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Hasbro profit beats estimates as cost cuts offset weak toy demand
HASBRO’S cost-saving efforts helped the Monopoly owner surpass Wall Street estimates for profit in the third quarter, despite weak consumer spending on toys driving a steeper-than-expected drop in sales. Toymakers…
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India’s Adani Wilmar posts profit in Q2 on higher demand for edible oils
INDIA’S Adani Wilmar reported a profit for the second quarter on Thursday (Oct 24), buoyed by higher demand for its edible oils and food segments. The company reported a consolidated…
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Unilever India misses profit estimate as low demand persists
HINDUSTAN Unilever, India’s biggest household products maker, reported second-quarter profit that missed expectations amid a lingering spell of weak demand for consumer goods. The Indian unit of Unilever saw net…
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Mattel beats profit estimates on cost controls but trims annual sales forecast
MATTEL topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales forecast heading into the crucial holiday shopping…
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Kering warns of lowest profit since 2016 as Gucci suffers
KERING warned that its annual profit will fall to the lowest level since 2016 as a slump in Chinese demand for luxury goods hampers a turnaround of the French fashion…
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Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used…
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Newmont shares fall as earnings miss undermines profit surge
NEWMONT, shares plunged on Wednesday (Oct 23) in postmarket trading after reporting quarterly earnings that fell short of Wall Street’s expectations. The stock plunged as much as 7.2 per cent…
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Kering warns on annual 2024 operating profit as Gucci sales fall
FRENCH luxury goods group Kering warned on Wednesday (Oct 23) its full-year operating income would almost halve after reporting a larger-than-expected drop in third quarter sales, as weak demand in…
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3M raises profit forecast after quarterly beat on electronics demand
An uptick in demand for electronics used in vehicles and mobile phones boosted profit for the company 3M Co raised the lower end of its full-year adjusted profit forecast on…
