Its total revenue of $11.96 billion also surpassed analysts' average estimate of $11.77 billion
Bunge's agribusiness segment, which represents over 80% of its total revenue, saw adjusted core earnings decline to $364 million in the fourth quarter from $639 million a year earlier
Pfizer is facing investor pressure to show that its recent acquisitions and investments can bring in returns
Lower corporate costs also enabled the company to beat profit estimates, said RBC Capital Markets analyst Biraj Borkhataria. Earnings from producing gasoline and diesel were $323 million
On an adjusted basis, the company reported a loss of 15 cents per share in the quarter, compared with the analysts' average estimate of 23 cents loss per share, according to data compiled by LSEG
Samsung, which started sales of 8-layer and 12-layer HBM3E products in the third quarter, said it planned to launch the improved HBM3E products in March
Blackstone's fee-related earnings jumped 76 per cent to a quarterly record of $1.84 billion
Mastercard's net income rose to $3.34 billion, or $3.64 per share, in the three months ended Dec. 31, compared with $2.79 billion, or $2.97 per share
Boeing posted a fourth-quarter loss of USD 3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer. Boeing has lost more than USD 35 billion since 2019 following the crashes of two then-new Max jets that killed 346 people. The numbers Boeing released are in line with what the company pre-reported last week, including nearly USD 3 billion worth of charges in the period due to the labour stoppage, job cuts and problems with a number of government programmes. Boeing's loss per share was USD 5.46 per share, well above the USD 3.08 loss that Wall Street analysts expected, according to the data firm FactSet. The fourth quarter caps a rough year for Boeing. A strike by the machinists who assemble the best-selling 737 Max, along with the 777 jet and the 767 cargo plane at factories in Renton and Everett, Washington, halted production at those facilities and hampered Boeing's delivery capability. The walkout ended after more t
The New Jersey-based drugmaker expects 2025 sales of between $90.9 billion and $91.7 billion, and to earn between $10.75 and $10.95 per share
The German sportswear company generated operating profit of €57 million ($59 million) in the fourth quarter
Dealmaking was also propelled by a strong US economy, interest-rate cuts and expectations of lighter regulation under incoming US President Donald Trump
The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo , and Citigroup, whose results were buoyed by stronger equity markets
Shares of the third-largest U.S. lender were last up 5 per cent in premarket trading on Wednesday after Citigroup said its board has authorized a new share repurchase program
Profit rose to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per diluted share, a year ago
Samsung's earnings were dented by rising research and development costs and the ramp-up of manufacturing capacity for advanced chips
Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia
Procter & Gamble Hygiene and Health Care Ltd (PGHH) on Wednesday reported 46.40 per cent decline in profit after tax at Rs 81.06 crore for June quarter 2024 on account of increased spending. The company, which follows July-June financial year, had reported a profit after tax of Rs 151.24 crore in the corresponding quarter of the previous fiscal. However, PGHH's revenue from operations was at 931.75 crore as against Rs 852.53 crore a year ago. "PAT for the quarter was Rs 81 crore, with an increase in spending for demand generation to support innovation in healthcare and feminine care," said an earning statement from PGHH. Total expense was at Rs 826.78 crore, up 26 per cent year-on-year. Total income of the Proctor & Gamble entity, which has a portfolio of Vicks in healthcare and Whisper in feminine care, was up 8.86 per cent to Rs 939.06 crore. For the full year, PGHH's profit after tax was flat at Rs 675.02 crore as against Rs 678.14 crore in the previous year. "Reported PAT .
The electric vehicle giant won't unveil a highly anticipated robotaxi until Oct. 10 - and that will only be a prototype
SpiceJet shares: SpiceJet airline reported a standalone net profit of Rs 119 crore in Q4FY24