Profit
American Airlines cuts annual profit forecast on pricing pressures
AMERICAN Airlines cut its annual profit forecast on Thursday (Jul 25) as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down...
AstraZeneca raises profit outlook on strong medicines demand
Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday (Jul 25) after beating analyst expectations for second-quarter revenue on strong demand for its cancer, rare...
Julius Baer’s profit falls as post-Benko recovery awaits new CEO
JULIUS Baer Group said profit fell in the first half of the year even as clients began returning funds, signs of an uneven recovery from last year’s Signa real...
Nvidia supplier SK Hynix posts highest profit in six years on AI boom
SOUTH Korea’s SK Hynix posted its highest quarterly profit since 2018 on Thursday (Jul 25) as the Nvidia supplier said second-half artificial intelligence (AI) chip demand will rise further,...
Gucci-owner Kering forecasts 30% fall in H2 operating profit on sluggish China demand
KERING reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group works to revive its key label Gucci while facing subdued...
Renault sticks to 2024 outlook as first-half profit beats estimates
RENAULT posted a better-than-expected operating profit for the first half of the year on Wednesday (Jul 24) due to strong pricing and new vehicle launches, and stuck to its...
Aston Martin’s Q2 profit beats market view on special model sales
BRITISH luxury carmaker Aston Martin reported forecast-beating second-quarter profits on Wednesday (Jul 24), powered by stronger sales to dealers of some exclusive models, as it reiterated guidance for hefty...
Deutsche Bank’s profit streak ends with big lawsuit provision
DEUTSCHE Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros (S$1.9 billion) as a provision for a protracted investor lawsuit...
