Sales

LVMH sales grow 1% in second quarter, missing estimates
LVMH sales grow 1% in second quarter, missing estimates
July 23, 2024
LVMH, the world’s biggest luxury company, posted a 1 per cent rise in organic sales in the second quarter on Tuesday (Jul 23), missing analyst estimates, and likely adding...
Coca-Cola raises annual sales, profit forecasts on steady demand
Coca-Cola raises annual sales, profit forecasts on steady demand
July 23, 2024
COCA-COLA raised its annual organic sales and profit forecasts on Tuesday (Jul 23), signalling consumers are willing to spend more for the beverage giant’s higher-priced sodas, energy drinks and...
General Motors profits rise on strong North American sales
General Motors profits rise on strong North American sales
July 23, 2024
General Motors reported higher profits on Tuesday (Jul 23) behind another round of strong North American auto sales that compensated for continued weakness in China.The big US automaker’s second-quarter...
India’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin
India’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin
July 19, 2024
INDIA’S Reliance Industries, a retail-to-telecom conglomerate, reported first-quarter profit on Friday (Jul 19) that missed estimates, hurt by lower margins on fuel sales.The billionaire Mukesh Ambani-led company, India’s largest...
France’s champagne makers call for reduced grape harvest after 15% drop in sales
France’s champagne makers call for reduced grape harvest after 15% drop in sales
July 19, 2024
FRANCE’S champagne producers on Friday (Jul 19) called for a cut in the number of grapes harvested this year after sales of the wine fell more than 15 per...
More than half of TSMC’s sales are now high-end chips like AI
More than half of TSMC’s sales are now high-end chips like AI
July 19, 2024
TAIWAN Semiconductor Manufacturing Company (TSMC) now makes more than half of its revenue from high-performance computing, the segment of its business powered to new heights by runaway artificial intelligence...
Tesla’s California sales plunge with competitors moving in
Tesla’s California sales plunge with competitors moving in
July 18, 2024
TESLA new-car registrations fell 24 per cent year over year in California in the second quarter, the third time in a row the carmaker’s sales have fallen in the...
Amazon Prime Day drives US online sales up 11% to US.2 billion
Amazon Prime Day drives US online sales up 11% to US$14.2 billion
July 18, 2024
US SHOPPERS spent US$14.2 billion online during Amazon.com’s 48-hour Prime Day sale, up 11 per cent from a year ago and in line with estimates, according to Adobe. Consumers took...
Abbott raises annual profit forecast as strong medical device sales power quarterly beat
Abbott raises annual profit forecast as strong medical device sales power quarterly beat
July 18, 2024
The company now expects a profit of US$4.61 to US$4.71 per share for the full yearABBOTT Laboratories raised its annual profit forecast and beat Wall Street estimates for second-quarter...
India’s Infosys ups annual sales forecast on demand recovery
India’s Infosys ups annual sales forecast on demand recovery
July 18, 2024
INFOSYS topped quarterly results estimates on Thursday (Jul 18) on a recovery in demand from clients in its mainstay financial services business, prompting India’s second-largest IT services firm to...