By Pierre Bertrand Deutsche Bank’s third-quarter net profit fell despite a rise in revenue after costs and taxes rose. The German bank said Wednesday that it made 1.03 billion euros ($1.09 billion)…
Tag: Corporate/Industrial News
Boeing stock surges after another revenue beat, affirmed FCF outlook
Shares of Boeing Co. got a nice boost Wednesday, after the aerospace and defense giant reported revenue that beat expectations for a third-straight quarter, even as losses were once again wider than…
One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets
The banks that financed Elon Musk’s $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets. Seven banks including Morgan Stanley, Bank of…
General Motors Finds Itself in a Jam
General Motors is still churning out healthy profit—just not on the electric vehicles or potentially autonomous ones that investors care most about. GM’s third-quarter results on Tuesday came in better than expected….
Akzo Nobel 3Q Revenue in Constant Currencies up 5%
Corrections & Amplifications This headline was corrected at 0821 GMT to reflect Akzo Nobel 3Q Net Pft EUR189M, not EUR180M By Ian Walker Akzo Nobel reported a more-than-doubled third-quarter net profit and…
Hilton beat earnings expectations and sees ‘meaningful uptick’ in openings, but stock falls
Shares of Hilton Worldwide Holdings Inc. HLT, +1.21% fell 1.1% in premarket trading Wednesday, after the hotel operator reported third-quarter earnings that topped expectations but provided a downbeat outlook for the current…
Microsoft Gets Another Leg Up on Google in AI Race
Big tech’s two early movers on artificial intelligence both still have a way to go before the much-hyped technology starts generating significant business. But if their latest quarterly results are any indication,…
Porsche AG 9-Mos Rev EUR30.13B
Corrections & Amplifications This headline was corrected at 0536 GMT to reflect Porsche AG 9-Mos Oper Pft Rose 9%. The original headline incorrectly said 3Q operating profit rose 9 percent. By David…
Heineken 3Q Revenue Growth 2%
By Michael Susin Heineken backed its full-year guidance after reporting a third-quarter revenue increase that was slightly below market expectations. The Dutch brewer said adjusted net revenue before exceptional items and amortization–one…
China’s Country Garden determined to have defaulted on dollar bond: report
Troubled Chinese property developer Country Garden Holdings Co. 2007, -1.41% has been declared in default on a dollar bond, missing a $15.4 million interest payment that was due following the expiration of…