Earnings outlook

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

Novo Nordisk Q2 2024 results

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Novo Nordisk Q2 2024 results

Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty Images Novo Nordisk on Wednesday posted weaker-than-expected net profit in the second quarter and trimmed its operating … Read more

Porsche shares fall as automaker cuts 2024 outlook on aluminium alloy shortage

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Porsche shares fall as automaker cuts 2024 outlook on aluminium alloy shortage

The Porsche logo, the German automobile manufacturer specialising in high-performance luxury sports cars, SUVs, and sedans, headquartered in Stuttgart and part of the Volkswagen group, captured in their Porsche Zentrum Zrich shop, their main center in the biggest Swiss city, in Zrich on November 13, 2023, in Zrich, Switzerland. Joan Cros | Nurphoto | Getty … 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

tech stocks: Big tech is driving the S&P rally. The rest have to step up soon

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tech stocks: Big tech is driving the S&P rally. The rest have to step up soon

The unceasing growth of Big Tech has been an article of faith for investors since the latest stock market rally began in October 2022. But with an uninspiring earnings outlook for the rest of 2024, other corners of the market will likely be needed if share prices are to keep soaring. “To have a similar … 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

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