FourthQuarter

Xiaomi posted a 51% rise in quarterly profit as higher smartphone sales after the pandemic offset expenses for its first electric car launching next week. Xiaomi posted a 51% rise in quarterly profit as higher smartphone sales after the pandemic offset expenses for its first electric car launching next week. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Kuehne + Nagel shares fell sharply after it reported a steep drop in fourth-quarter earnings as logistics markets normalized, with one analyst noting the company’s volumes were lagging expectations. Kuehne + Nagel shares fell sharply after it reported a steep drop in fourth-quarter earnings as logistics markets normalized, with one analyst noting the company’s volumes were lagging expectations. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic…

Kuehne + Nagel shares fell sharply after it reported below-forecast fourth-quarter earnings, with one analyst noting the company’s consensus estimates for 2024 could be downgraded by 10%. Kuehne + Nagel shares fell sharply after it reported below-forecast fourth-quarter earnings, with one analyst noting the company’s consensus estimates for 2024 could be downgraded by 10%. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 1, 2024. Brendan McDermid | ReutersHere's how big of a surprise corporate profits have been this earnings season: the fourth-quarter is now shaping up to be the best of 2023.Despite ongoing macroeconomic concerns that have hampered demand and weighed on consumer sentiment, almost halfway into earnings season, profits are clearly coming in far better than anybody expected.Helping companies' bottom lines this round: easing input…

Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images)Joe Cavaretta | South Florida Sun-sentinel | Getty ImagesSpirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares soaring more than 20% after a rout earlier this week that followed a judge's ruling that blocks JetBlue Airways from buying the budget carrier.Spirit said in a filing that it expects revenue to…

Samsung Electronics expects its fourth-quarter operating profit to fall 35% from a year earlier, missing market expectations and dampening hopes for an earnings recovery led by its semiconductor business.The world’s largest maker of memory chips, smartphones and televisions said in a preliminary earnings forecast Tuesday that its operating profit is expected at 2.800 trillion won ($2.13 billion) for the October-December quarter, compared with KRW4.310 trillion for the same period a year earlier.Copyright ©2024Dow Jones…

Chinese e-commerce firm JD.com Inc reported a higher quarterly adjusted profit on Thursday as China lifted strict pandemic-related curbs late last year.The company's U.S.-listed shares rose 1% in premarket trading.JD.com's net income attributable to ordinary shareholders in the fourth quarter was 3 billion yuan ($430.92 million), compared with a net loss of 5.2 billion yuan a year earlier. Revenue rose 7.1% to 295.4 billion yuan in the three months ended December, missing analysts' estimates of 296.17 billion yuan,…

Ford Motor Co. F 3.84% posted $1.3 billion in net profit in the fourth quarter as strong pricing and better stock levels on dealership lots helped offset ongoing supply-chain troubles that caused the U.S. auto maker to fall short of its profit guidance for 2022. The Dearborn, Mich.-based car company’s net income for the October-to-December period was down 89% from the $12.3 billion recorded in the fourth quarter of last year, when its…

General Motors Co. GM 8.35% posted a $2 billion net profit for the fourth quarter, a surprisingly strong result as factory output rebounded from supply-chain troubles and pricing held strong despite mounting consumer pressures.The Detroit auto maker also said Tuesday it is investing $650 million in a mining company to jointly develop a lithium-extraction project in Nevada. It is the latest move by GM and other auto makers to lock in battery resources to support…

The U.S. fourth-quarter gross domestic product report will offer a snapshot of the economy at the end of a year in which consumers and businesses faced the highest inflation in four decades and a fast rise in interest rates.The three months from October to December capped a year of economic cool-down from a rapid pandemic rebound that fueled red-hot growth in 2021. Last year, consumers spent at a slower pace, employers pulled back on hiring and the housing market weakened.…