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Bang & Olufsen warned that revenue and earnings for the fiscal year to May 31 would fall short of previous guidance due to a sluggish recovery in key European markets and the lack of a significant recovery in the Chinese economy. Bang & Olufsen warned that revenue and earnings for the fiscal year to May 31 would fall short of previous guidance due to a sluggish recovery in key European markets and the lack of a significant recovery in the Chinese economy. FOLLOW US ON GOOGLE NEWS Read original article…

British American Tobacco reported full-year adjusted profits below consensus but backed its growth forecast for 2024, and cautioned that investment to strengthen its U.S. business would weight its performance to the second half. British American Tobacco reported full-year adjusted profits below consensus but backed its growth forecast for 2024, and cautioned that investment to strengthen its U.S. business would weight its performance to the second half. FOLLOW US ON GOOGLE NEWS Read original article here…

The cosmetics company said sales surged in the latest quarter following a strong holiday season, and further raised its outlook for the year amid viral product launches. The cosmetics company said sales surged in the latest quarter following a strong holiday season, and further raised its outlook for the year amid viral product launches. 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…

Net sales and profit fell in the quarter ended April 29 as demand slowed for apparel and accessories. Net sales and profit fell in the quarter ended April 29 as demand slowed for apparel and accessories. 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 specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the…

Toyota retained its top-selling crown for the third year in a row in 2022. Top-selling automaker Toyota said Wednesday that its full-year net profit beat expectations and projected better sales and revenue for the year ahead as supply chain disruptions ease. The Japanese firm reported 2.45 trillion…

Rivian (RIVN) released its fourth quarter and full-year earnings results for 2022 after market close on Tuesday, February 28, showing a slight miss on revenue but significantly lower operating expenses as the EV startup moves to cut costs and drive volume. Rivian EV sales and earnings expectations CEO RJ Scaringe previously said it was a “challenging year” for Rivian as it ramped production through supply chain issues and product recalls. Yesterday, we gave you guys a rundown of what you…

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…

Ford (F) is slated to release its fourth quarter 2022 earnings after market close on Thursday, February 2, as the auto industry’s shift to electric vehicles heats up. Here’s a rundown of what you can expect. Ford EV sales in 2022 After ramping up electric vehicle production throughout the year, Ford sold a record 61,575 units in 2022, up 126% year-over-year (YOY), making it the second largest EV maker in the US behind Tesla. The Ford F-150 Lightning is the best-selling EV truck since its…

LONDON— Airbus SE, the world’s biggest plane maker, said it would likely miss its key delivery target this year after the company’s chief executive warned that supply-chain woes were still at least six months away from normalizing. The European manufacturer said on Tuesday that due to a “complex operating environment,” Airbus’s previously forecast goal of achieving around 700 deliveries this year is now “out of reach.” LONDON— Airbus SE, the world’s biggest plane maker, said it would…

Igor Goloniov | Sopa Images | Getty ImagesVF Corporation, owner of The North Face and Timberland, on Monday lowered its revenue and earnings expectations for the second half of its fiscal year and said its chairman and chief executive is retiring.CEO Steve Rendle is stepping down from his post after almost six years, effective immediately, the company said in a press release. Benno Dorer, who sits on the company's board, will serve as interim CEO while the company searches for Rendle's permanent replacement. Richard…