Profit
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Seven & i restructuring, profit outlook are in focus at earnings
SEVEN & i Holdings is set to report quarterly earnings at a critical time, with much of the focus on what it will say about restructuring and its profit outlook,…
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Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent. Operating profit for three months…
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Samsung apologises for disappointing profit as it struggles in AI chips
SAMSUNG Electronics estimated on Tuesday (Oct 8) that its third-quarter operating profit jumped nearly four-fold but missed analysts’ estimates, prompting a rare apology from the tech giant for lagging rivals…
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Samsung’s profit recovery seen weakening in Q3
SAMSUNG Electronics is expected to flag more than a four-fold jump in quarterly profit on Tuesday (Oct 8) on improving demand for chips, but the pace of its recovery is…
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Britain’s Tesco raises annual profit outlook after strong first-half
TESCO raised its annual profit forecast on Thursday (Oct 3) as Britain’s biggest supermarket group won market share in its first half, giving it momentum ahead of the key festive…
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Aston Martin plunges as supply woes prompt profit warning
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain disruption and weak demand in China. The shares dropped…
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Volkswagen’s second profit warning exposes a carmaker in decline
VOLKSWAGEN’s (VW) second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German manufacturer on Friday (Sep 27) slashed expectations for revenue, profit…
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Volkswagen lowers profit forecast again on waning car demand
VOLKSWAGEN cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s profitability as it squares off with unions over possible job cuts…
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Commerzbank to begin talks with UniCredit as it woos investors with profit goals
Commerzbank will hold a first round of talks with UniCredit on Friday (Sep 27) as the Italian lender presses for a possible tie-up, the German bank’s designated CEO, Bettina Orlopp,…
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Jefferies sees profit boost from strength in dealmaking activity
JEFFERIES Financial profit soared as a pickup in mergers and acquisitions (M&A) helped the firm notch a record, a sign the long-awaited rebound in dealmaking is taking hold. Fiscal third-quarter…
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FedEx slumps on quarterly profit miss, narrowed 2025 outlook
FEDEX cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries. In what chief executive officer Raj Subramaniam called…
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GameStop swings to unexpected profit even as sales slide
GAMESTOP reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit. Revenue fell 31 per cent from a year earlier to US$798 million for…
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BMW trims 2024 profit margin on technical issues, weak China demand
Technical actions related to its integrated braking systems will result in additional warranty costs in a high three-digit million amount in the third quarter, it says BMW trimmed its profitability…
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Oracle gains after profit tops estimates on cloud expansion
ORACLE jumped in extended trading after reporting better-than-expected quarterly profit, signalling that artificial intelligence (AI) demand continues to help its cloud computing business boost earnings. Earnings, excluding some items, were…
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Petronas posts lower first-half profit despite rise in crude
The drop in net income was “primarily due to the deconsolidation of subsidiaries and higher taxation” Malaysia’s national oil company Petroliam Nasional posted a 19 per cent decline in first-half…
