Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops. Deere, which makes agricultural equipment, cut its profit outlook to $7 billion from a previous range of $7.50 […]
(Reuters) – Deere trimmed its annual profit forecast for the second time on Thursday, as farmers buy fewer tractors and combine harvesters due to falling crop prices. The world’s largest farm equipment maker said it now expects fiscal 2024 net income of about $7 billion, compared with its prior forecast of $7.50 billion to $7.75 […]
HONG KONG (AP) — Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Its net income for the quarter ended March was 3.3 billion yuan ($453 million), down 86% compared to the same […]
By Casey Hall and Akash Sriram (Reuters) -China’s Alibaba Group Holding reported an 86% plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its U.S.-listed shares down almost 6% in early trading though revenue beat forecasts. It also announced it would revive a plan first floated in 2022 to […]
(Reuters) -China’s Alibaba Group Holding beat analysts’ estimates for fourth-quarter revenue on Tuesday, as a focus on low-cost goods in response to cautious consumer spending helped boost domestic e-commerce sales in the three-month period. Its U.S.-listed shares, however, fell about 3% in premarket trading, as profit fell about 86% in the fourth quarter. Consumers in […]
(Recasts paragraph 1, adds context and shareholder payout in paragraphs 2-5) By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO, May 13 (Reuters) – Brazilian state-run oil firm Petrobras posted a 38% fall in its first-quarter net recurring profit from a year earlier on Monday, missing analysts’ expectations on the result and its dividend, hit […]
Long-haul carrier Emirates has announced it saw record profits of $4.7 billion (€4.35 billion) in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai’s government, announced revenues of $33 billion, compared with $29.3 billion the year before. Profit the year prior had […]
Long-haul carrier Emirates has announced it saw record profits of 4.7 billion dollars (£3.7 billion) in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai’s government, announced revenues of 33 billion dollars (£26.3 billion), compared with 29.3 billion dollars (£23.3 billion) the […]
Tom Pearce never expected to close the Hallmark store his parents started 37 years ago in southeast Fresno. Margie’s Hallmark Shop – named after his mom – has been at the northeast corner of Kings Canyon Road and Clovis Avenue all that time. But it closed at noon Thursday for the last time. The locally […]
Honda’s profit for the fiscal year through to March jumped 70 per cent as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported on Friday. Annual profit at Tokyo-based Honda Motor Co totalled 1.1 trillion yen as sales surged nearly 21 per cent to 20.4 billion yen. Weaker sales in […]
Honda’s profit for the fiscal year through to March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported on Friday. Annual profit at Tokyo-based Honda Motor Co totalled 1.1 trillion yen (£5.6 billion) as sales surged nearly 21% to 20.4 billion yen (£104.5 million). Weaker sales in […]
US manufacturer B&G Foods is considering divesting its frozen and canned vegetable businesses. The news came alongside cuts to B&G Foods’ revenue and profit forecasts for 2024. The company said it has been evaluating potential divestitures that “represent between 10% to 15% of the company’s consolidated net sales”. After selling off its Green Giant shelf-stable […]