Earnings reports

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

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

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

Pfizer (PFE) earnings Q1 2024

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Pfizer (PFE) earnings Q1 2024

Jakub Porzycki | Nurphoto | Getty Images Pfizer on Wednesday reported first-quarter revenue that beat expectations and hiked its full-year profit outlook, benefitting from its broad cost-cutting program and strong sales of its non-Covid products. The company now expects to book adjusted earnings of $2.15 to $2.35 per share for the fiscal year, up from … Read more

Volkswagen profit drops 20% in first quarter on lower sales

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Volkswagen profit drops 20% in first quarter on lower sales

A man polishes a Volkswagen ID GTI Concept car on display at the International Motor Show (IAA) in Munich, southern Germany, on Sept. 5, 2023.  Christof Stache | Afp | Getty Images German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter as weaker demand for its premium brands … 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

Moderna (MRNA) earnings Q4 2023

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Moderna (MRNA) earnings Q4 2023

Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a surprise quarterly profit, in part boosted by deferred revenue, even as the company saw slumping sales from its Covid vaccine, its only marketable product.  The results cap a rocky year for the biotech company and other Covid vaccine makers, which all saw revenue plunge … Read more

Pfizer (PFE) Q4 earnings report 2023

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Pfizer (PFE) Q4 earnings report 2023

Pfizer on Tuesday posted a surprise adjusted fourth-quarter profit, as the company’s declining Covid business performed better than expected. The company reversed roughly $3.5 billion in revenue related to the expected return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government. That hit is less than the $4.2 billion Pfizer initially expected … Read more