Beats
Deliveroo beats earnings guidance, sees positive cash flow in 2024
BRITISH meal delivery company Deliveroo reported better-than-expected core earnings of £85 million (S$145.1 million) for 2023, and expected further progress during 2024 with a move into positive cash flow....
JD.com beats quarterly revenue estimates as heavy discounts buoy demand
CHINESE online retailer JD.com reported fourth-quarter revenue above estimates on Wednesday (Mar 6) and upsized its share repurchase program, as aggressive price cuts helped revive demand from consumers grappling...
Canada’s RBC beats profit estimates boosted by higher interest income
CANADA’S No 1 lender Royal Bank of Canada on Wednesday (Feb 28) beat analysts’ estimates for quarterly profit as higher interest rates helped the bank earn more on its...
Moderna beats sales estimates as Covid shot gains market share
MODERNA reported fourth-quarter revenue that beat analysts’ expectations by gaining Covid vaccine market share on its rival, Pfizer. The company posted quarterly revenue of US$2.8 billion for its Covid-19...
China’s Lenovo posts Q3 revenue growth, beats analyst estimates
CHINA’S Lenovo Group, the world’s largest maker of personal computers (PCs), on Thursday (Feb 22) reported October to December revenue of US$15.72 billion, up 3 per cent from the...
Garmin forecasts strong 2024 revenue, beats quarterly estimates
NAVIGATION device maker Garmin beat fourth-quarter earnings expectations and forecast full-year revenue above estimates on Wednesday (Feb 21), betting on strong growth in its auto and fitness businesses. Shares...
Siemens beats Q1 forecast despite digital industry weakness
SIEMENS reported first-quarter profit slightly ahead of expectations on Thursday (Feb 8) despite the German engineering group seeing a slowdown at its flagship factory automation unit. Digital Industries, which...
Sun Life Financial beats estimates on Asia growth, insurance sales
SUN Life Financial beat analyst estimates for fourth-quarter profit, boosted by momentum in its Asia business and strong sales of individual and group insurance policies. The Toronto-based insurer and...
