COPENHAGEN (Reuters) -Shipping group Maersk raised its full-year profit guidance after posting better than expected quarterly earnings on Thursday, citing strong container shipping demand and the diverting of vessels around Africa to avoid the Red Sea. The Copenhagen-based company, viewed as a barometer of world trade, said growth in demand for ocean container shipping was […]
3 REITs That Just Raised 2024 Full-Year Guidance Earnings are crucial for the share price of a stock to appreciate. But often, even good earnings fail to lift a stock if a company’s forward guidance is weaker than analysts expect. Prologis Inc. (NYSE:PLD) investors recently found this out as its shares were hit hard following […]
GM (GM) kept the earnings momentum going with strong first quarter results on Tuesday, resulting in the automaker upping its full-year guidance. GM said it still sees “positive variable profit” in its EV business in the back half of 2024. For the quarter, GM reported top-line revenue of $43.0 billion, compared with the $42.09 billion […]
MILAN (Reuters) -Luxury sports car maker Ferrari said on Thursday its revenue and core earnings would rise this year, supported by a strong order book, and after broadly meeting targets for 2023. Presenting its fourth-quarter results, the Italian company said in a statement it saw its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) […]
UPS slid before the opening bell after a mixed quarter and an outlook for this year that was weaker than expected. Last year union members at UPS voted to approve a tentative contract agreement, putting a final seal on contentious labor negotiations that threatened to disrupt package deliveries for millions of businesses and households nationwide. […]
By Lisa Baertlein and Priyamvada C (Reuters) -FedEx cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets on Tuesday, sending shares tumbling 8.5%, as it battles for business in what is shaping up to be a weak holiday season. The company’s shares fell to $256.20 in extended trading […]