Page 66 - Q1 Results

Bottler Coca Cola HBC beats revenue estimate for Q1 on strong demand

Price increases are expected to moderate relative to last year because inflation levels are lower, Bogdanovic said

Alphabet Inc beats revenue estimates as AI fuels cloud growth in Q1

The company also said it would pay a dividend of 20 cents a share, its first ever, and repurchase an additional $70 billion in stock. The shares jumped 13 per cent in extended trading

Hyundai Motor's Q1 profit drops 2.4%, hurt by weak domestic sales

The world's No.3 automaker by sales along with affiliate Kia Corp sold 1.5 fewer vehicles, delivering 1.007 million units in the first quarter

Harley-Davidson quarterly profit declines by 23% owing to slow demand

Global motorcycle shipments, including those of Cruiser, Trike and Touring bikes, fell 7% in the quarter from a year earlier

Q1 results: BNP Paribas beat estimates as lower costs offset trading slump

BNPP said in a presentation that it was more exposed to the Europe, Middle-East and Africa (EMEA) region, where it made 60 per cent of its FICC sales in 2023

Nestle misses sales estimates after hiking prices across board in Q1

The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent

Unilever's Q1 result beats sales forecast as customers return to brands

Sales volumes climbed 2.2 per cent, the second quarter of growth after several declines. Prices were also up 2.2 per cent

AstraZeneca trounces Q1 estimates as resilient demand fuels growth

AstraZeneca stuck by its forecast of total revenue and core earnings per share increasing by percentages in the low double-digits to low-teens in 2024

Barclays Q1 profit falls 12% as mortgage competition, deals drought hit

Total income in its investment bank fell 7 per cent, shy of expectations, as a strong performance in equities was more than offset by lower fixed income trading performance and weaker merger advisory

General Motors beats quarterly results targets, raises annual forecast

"Our consumer has been remarkably resilient in this period of higher interest rates," GM Chief Financial Officer Paul Jacobson said

India saw highest Q1 office leasing in 5 years this year: Savills India

In Bengaluru, engineering & manufacturing sector leads the demand, trumps those from technology sector occupiers

Renault Q1 sales lifted by financing arm, 2024 profit rises 2% at $12.5 bn

The Renault group sold 549,099 units during the first quarter, up 2.6% from the same period in 2023

L'Oreal Q1 sales beats expectations, grows 9.4% on strong market demand

The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to the end of March

TSMC reports 9% increase in first quarter profit on strong AI chip demand

TSMC last week reported a 16.5% rise in first-quarter revenue, beating market expectations and at the high end of the company's own guidance

J&J Q1 results: Profit beats expectations on cancer drugs strength

Sales of its blockbuster psoriasis drug Stelara were flat at $2.45 billion in the first quarter, while sales of Darzalex jumped about 19% to $2.69 billion

CRISIL results: Net profit drops 5% to Rs 138 crore in Jan-March quarter

Ratings firms Crisil on Tuesday reported a 5.4 per cent drop in consolidated net profit to Rs 138 crore for the first quarter ended March 31. The company had posted a net profit of Rs 146 crore in the same period last year. Crisil's consolidated total income rose to Rs 751 crore for the quarter ended March 31, 2024, from Rs 732 crore a year ago, the company said in a regulatory filing. At the same time, expenses increased to Rs 563 crore during the quarter against Rs 539 crore in the year-ago period. Its board has also approved the payment of an interim dividend of Rs 7 per equity share of face value of Re 1 each, for the financial year ending December 31, 2024, which will be paid on May 14, 2024, it said. Crisil follows a calendar year as its financial year. The rating agency expects India's GDP growth to moderate to 6.8 per cent in fiscal 2025 due to high-interest rates, fiscal consolidation and uneven global growth. On the other hand, healthy corporate balance sheets, a robus

Goldman Sachs Q1 results: Profit jumps 28% on investment banking strength

"We continue to execute on our strategy, focusing on our core strengths to serve our clients and deliver for our shareholders," CEO David Solomon said

JPMorgan Q1 results: Profit rises on interest income strength to $13.42 bn

The biggest US lender's profit was $13.42 billion, or $4.44 per share, for the three months ended March 31. That compares with $12.62 billion, or $4.10 per share, a year earlier

Delta Q1 earnings tops Wall Street estimates on buoyant travel demand

Demand is particularly strong for premium travel, benefiting carriers like Delta, which has positioned itself as a premium airline. Recovery in corporate travel is also gathering steam

Blue Star expects 25% growth in sales of residential AC in June quarter

Homegrown cooling products maker Blue Star on Tuesday said it expects up to 25 per cent growth in sales of residential AC in the June quarter, the period which accounts for the highest number of sales due to the temperature rise and heat wave. The company has already witnessed up to a 40 per cent year-on-year increase in sales of AC in March from the Southern region, where sales of cooling products start early, Blue Star Managing Director B Thiagarajan said. "Our goal is to reach the market share of 15 per cent in FY25. So we are working towards that, we have another 11 months to go," Thiagarajan said. To woo customers in its fold, Blue Star, which launched a new range of over 100 affordable and premium models of AC on Tuesday, plans to invest over Rs 40 crore in advertising during the summer season. Blue Star is witnessing a significant demand coming from the burgeoning middle-class consumers with higher disposable incomes and the category becoming more of a necessity than a ...