Earnings Announcements

Siemens beats estimates as demand for electrification, software soars

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Siemens beats estimates as demand for electrification, software soars

15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) Karl-Josef Hildenbrand | Picture Alliance | Getty Images German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and … Read more

Profit jumps 10% on gaming growth

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Profit jumps 10% on gaming growth

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations after seeing strong growth in its gaming, music and imaging chip businesses. Here’s how Sony did in the June quarter, versus LSEG consensus estimates: Revenue: 3.01 trillion Japanese … Read more

Gucci-owner Kering hits 7-year low after weak forecast, revenue drop

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Gucci-owner Kering hits 7-year low after weak forecast, revenue drop

The Gucci store on Fifth Avenue is seen on March 20, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast … Read more

Shares fall on lower fares, fall in quarterly profit

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Shares fall on lower fares, fall in quarterly profit

A Ryanair passenger plane lands at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. At 8:35 a.m. London time, Ryanair shares were down by 11.4%. … Read more

Volvo Cars jumps 7% after reporting a record core operating profit

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Volvo Cars jumps 7% after reporting a record core operating profit

A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter. By 9:04 … Read more

Siemens slides over 5% on profit drop, slowing automation division

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Siemens slides over 5% on profit drop, slowing automation division

15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Karl-Josef Hildenbrand | Picture Alliance | Getty Images Shares in German technology giant Siemens fell by over 5% on Thursday after the company posted a decline in earnings in the fiscal second quarter and said its automation division had … Read more

Nintendo to announce new Switch console this fiscal year

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Nintendo to announce new Switch console this fiscal year

Mario poses at the “SUPER NINTENDO WORLD” welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images Nintendo on Tuesday said it will announce the successor to its flagship Switch this fiscal year, after the company forecast a sharp drop in profit … Read more

Philips shares rocket 33% as firm settles U.S. respiratory device case

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Philips shares rocket 33% as firm settles U.S. respiratory device case

Philips office building in Warsaw, Poland on July 29, 2021. Nurphoto | Nurphoto | Getty Images Philips shares soared Monday after the Dutch medical devices giant agreed a $1.1 billion settlement in a U.S. case linked to the recall of some of its devices used to treat sleep apnea. Millions of devices were recalled in 2021 over … Read more

Zara owner Inditex climbs to all-time high as 2023 sales jump 10%

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Zara owner Inditex climbs to all-time high as 2023 sales jump 10%

Shopper carrying two large shopping bags from the clothing retailer Zara on Oxford Street on 5th February 2024 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the … Read more

Lego revenue grows 2% in 2023, as CEO hails strong U.S. progress

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Lego revenue grows 2% in 2023, as CEO hails strong U.S. progress

The chief executive of Denmark’s Lego on Tuesday reflected on a tough year for the world’s largest toymaker, and outlined the firm’s long-term plans to stay relevant and “cool with kids.” Lego said its 2023 revenue was 2% higher compared to the previous year, growing to 65.9 billion Danish krone (around $9.65 billion). This was in … Read more