Lenovo Reports Revenue Drop As Lockdowns Weigh
On Thursday, China’s Lenovo Group reported its first revenue fall in 10 quarters due to fall in sales caused by COVID lockdowns. The world’s largest...
Author : Aniruddh Shrivastava
Ternium Reports 84% Fall in Q3 Profit, Sees Lower Steel Margin Ahead
On Thursday, steelmaker Ternium posted an 84 per cent decline in its third quarter net income to USD 220 million. Reportedly, the steelmaker was hit...
BMW Q3 Results Beat Estimates Amid Boost From Price Jumps
On Thursday, Bayerische Motoren Werke AG (BMW) posted an increase in Q3 quarter income and sales. The German car manufacturer reported earnings before interest and...
Stellantis Revenues Jumps in Third Quarter as Chip Supply Challenges Improve
Sales at Stellantis NV (BIT:STLA) increased sharply in Q3, as an easing in supply chain constraints helped increase car deliveries. It is to be noted...
Paramount Misses Revenue Estimates On Ad Weakness
On Wednesday, Paramount Global fell short of analysts’ estimates for quarterly revenue as the company struggled with the absence of major content releases and an...
German Exports Register Unexpected Plunge in September
On Wednesday, Federal Statistical Office data showed that German exports registered an unexpected plunge in September, decreasing by 0.5 per cent in the month. The...
Airbnb Shares Fall 6% on Soft Outlook
On Wednesday, shares of Airbnb (NASDAQ: ABNB) were down over 6 per cent in pre-market after the company reported its third-quarter results and offered guidance....
Nomura Holdings Posts Modest Quarterly Profit Amid Financial Market Downturn
On Wednesday, Nomura Holdings (NYSE:NMR) Inc, Japan’s top brokerage and investment bank, reported a modest profit level for Q2 as worries of a worldwide recession...
French Catering Group Sodexo Targets Operating Margin Above 6% in 2025
On Wednesday, French catering and food services group Sodexo (EPA: EXHO) forecasted organic revenue growth of between 6 per cent and 8 per cent for...
Maersk Shares Fall as Global Shipping Boom Finally Starts to Cool
On Wednesday, Maersk (CSE: MAERSKa) shares dropped over 5 per cent in early trade after the world’s largest container shipping company warned that its main...