Page 106 - Q3 Results

Uber bets on holiday demand, Q3 revenue grows at $9.29 bn missing estimates

But CEO Dara Khosrowshahi struck an upbeat tone. "Consumer demand on our platform remains healthy as we enter the busiest period of the year," he said

Saudi Aramco Q3 result: Net profit falls 23% on lower crude prices, volumes

The Saudi oil giant said the decline in oil prices and volumes was partially offset by a reduction in production royalties during the period

Utility Sempra reports Q3 profit beat on infrastructure unit strength

The segment got a boost from increasing global interest in lower emissions fuels

BMW boosts earnings with higher-priced, electric cars; revenue up 3.4%

The German group has maintained a cautiously optimistic tone through the year, and raised its automotive margin outlook in August

Cognizant Q3 profit down 16.5%, 2023 revenue guidance at -0.7% to flat

The revenue for Q4 is expected to be in the range of $4.69-$4.82 bn, a fall of 4% to 1.2% in constant currency, due to furloughs and lower number of working days in the Dec quarter

Lufthansa upbeat on travel demand, posts adjusted EBIT at $1.56 bn in Q3

Lufthansa shares were set for their biggest daily gain since June 2022, according to Eikon data, in the wake of the earnings announcement

BP's $3.3 billion profit misses forecast on weak gas, dividend unchanged

The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion share buyback programme over the next three months, leaving its payout policy unchanged

Moody's quarterly profit beats market estimates on robust research demand

The New York-based company saw robust demand for its data and insights, including CreditView, its flagship credit research product

Coca-Cola sees double-digit volume growth in India in third quarter

The global cola giant reported an 8 per cent year-on-year jump in net revenue to $12 million

PVR Inox Q2FY24 result: Profit at Rs 166 cr; revenue rises to Rs 1,999 cr

The total income for Q2FY24 came in at Rs 2,023.7 crore, compared to Rs 702.4 crore year-on-year, registering a rise of 188.11 per cent

Deal volume remains strong but discretionary spending down: Wipro MD & CEO

Thierry Delaporte, chief executive officer and managing director, Wipro, talks about the demand environment, large deals pipeline, and acquisition strategy in an interview with Ayushman Baruah

Strong domestic demand recovery remains vital for Bajaj Auto stock

On the profitability front, favourable raw material costs and better product mix led to a 260 basis points y-o-y jump in operating profit margins to 19.8 per cent

Nestle India turnover crosses Rs 5,000 crore in a quarter in a first

The maker of KitKat chocolate and Nescafe coffee, which follows the January-December financial year, surpassed Bloomberg's net profit estimates of Rs 785.3 crore

South Indian Bank Q2 results: Net profit rises 23% to Rs 275 crore

The bank's net interest income during the period went up from Rs 726 crore to Rs 830 crore, registering a growth of 14.3 per cent on a year-on-year basis

Godrej Capital expects AUM to increase by 69% to Rs 30,000 crore by FY26

The company has partnered with over 150 channel partners across Tamil Nadu to provide various product offerings across MSMEs

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates

Blackstone said its net profit from asset sales fell 36% to $259.4 mn, weighed down by higher interest rates and geopolitical tensions

Nestle India Q3CY23 result: Profit up 37%; firm announces 1:10 stock split

The revenue from operations for Q3CY23 came in at Rs 5,036.8 crore, compared to Rs 4,601.8 crore year-on-year

Tesla misses margin estimates amid price cuts, sticks to production goal

The company said on Wednesday that upgrades made to its factories in the third quarter will help it in cutting production costs. "An industry leader needs to be a cost leader," it said in a statement

Wipro posts flat Q2 profit, cuts Q3 revenue growth guidance on weak demand

The operating margin expanded 100 basis points to 16.1 per cent in the second quarter from 15.1 per cent in the year-ago period

US commercial property distress hits $80 bn in Q3, highest level in decade

The value of buildings in bankruptcy, repossessed by lenders or in the process of liquidation increased by a net $5.6 billion in the quarter, MSCI Real Assets reported