Uncategorized
February 23, 2023
27 views 54 secs 0

Telekom Reports Q4 Growth, Forecasts Slightly Higher Earnings in 2023

Telekom

Deutsche Telekom reported better-than-expected-fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US (NASDAQ:TMUS), and forecast a slight rise in profits this year. Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 9.96 billion euros ($10.58 billion) for the quarter, slightly exceeded consensus estimates of 9.9 […]

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February 22, 2023
47 views 39 secs 0

Price Hikes Propel Danone’s Fourth Quarter Sales Above Estimates

propel Danone's

Shares in Danone SA (EPA:DANO) rose on Wednesday after the French food products group reported better-than-expected fourth quarter sales that were fueled by higher prices. Total sales during the three months to the end of December jumped by 12% on a reported basis to €7.01B (€1 = $1.0644), mainly driven by stronger pricing and positive […]

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February 22, 2023
24 views 3 mins 0

Dollar Edges Lower; Fed Minutes Loom Large

Dollar edges

The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains as traders cautiously await the release of the minutes of the Federal Reserve’s February meeting. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower […]

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February 21, 2023
24 views 59 secs 0

Home Depot Shares Slide On Weak Sales, Annual Profit Forecast

Home Depot

Home Depot Inc (NYSE:HD) forecast annual profit below Wall Street expectations on Tuesday, hurt by higher supply chain costs amid weakening demand for home improvement products due to inflation. The No. 1 U.S. home improvement chain also missed fourth-quarter comparable sales estimates, sending its shares down 2.5% to $310 in premarket trading. The company said […]

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February 21, 2023
27 views 3 mins 0

HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend

HSBC

HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a special dividend on the sale of its Canadian business. HSBC’s profit before tax for the three months to December 31 jumped 92% to $5.2 billion, […]

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February 20, 2023
23 views 36 secs 0

Maersk Nears Complete Russia Exit After Selling Logistics Sites

Russia exit

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU), […]

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February 14, 2023
28 views 2 mins 0

Palantir Posts First Quarterly Profit Following New Contract Wins

palantir

Palantir (NYSE:PLTR) reported its first-ever quarterly profit, as well as a top- and bottom-line beat in the final three months of 2022, as a ramp-up in customers bolstered performance. On a GAAP basis, the U.S.-based data analytics company posted net income of $31 million in the quarter up to the end of December, translating to […]

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February 14, 2023
29 views 37 secs 0

Toshiba Cuts Full-Year Profit Estimate, COO Resigns

Toshiba

Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate for a second time. It also said Chief Operating Officer Goro Yanase had resigned over the inappropriate use of entertainment expenses in 2019 when he was an executive at Toshiba Energy Systems and Solutions Corp. […]