Tag: quarterly profit
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Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%
HONG KONG, Sept 29 : Shares of fast-fashion retailer Shein dropped more than 6 per cent on Tuesday after it reported a 67 per cent fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth. Jefferies analysts estimated that earnings landed more than 10 per cent below the low
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BYD posts first quarterly profit rise in over a year
BEIJING, Aug 28 : Chinese electric vehicle maker BYD on Friday posted its first quarterly profit rise in more than a year, helped by a surge in exports that offset weak domestic sales.The world’s largest EV maker by shipments has been at the forefront of Chinese automakers’ overseas push, gaining market share
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Zoom forecasts quarterly profit below estimates
Aug 25 : Zoom Communications forecast third-quarter profit below Wall Street expectations on Tuesday, signaling stiff competition was squeezing the video-conferencing company even as it ramps up AI features on its services. Shares of the San Jose, California-based company fell 3.8 per cent in extended trading
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Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
Aug 5 : Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans to invest heavily in robotaxis and acquisitions.The global ride-hailing and delivery giant’s capital allocation has becom
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Broadridge quarterly profit climbs on investor communications strength
Aug 4 : Broadridge Financial reported higher fourth-quarter profit on Tuesday, helped by strength in its investor communications business.Shares of the company have fallen about 29.5 per cent so far this year, but rose 1.7 per cent in premarket trading following the results.Here are some details:
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Hyundai Motor India posts quarterly profit drop as costs, production disruption weigh
July 30 : Hyundai Motor India reported a 35.1 per cent drop in first-quarter profit on Thursday, hurt by a jump in costs as well as a production disruption at its Chennai plant.The unit of South Korea’s Hyundai Motor reported a profit of 8.89 billion rupees ($92.96 million) for the quarter ended June 30, from
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Robinhood beats quarterly profit estimates as trading activity remains robust
July 29 : Robinhood Markets beat Wall Street estimates for second-quarter profit on Wednesday, as robust trading in equities, options and prediction markets helped offset weakness in cryptocurrency trading.Retail trading remained robust during the quarter as heightened market volatility, driven in part by the
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Robinhood quarterly profit rises on strong trading activity
July 29 : Robinhood Markets posted a rise in second-quarter profit on Wednesday, as volatility in the markets spurred higher trading activity on its platform.The Menlo Park, California-based company’s profit was $573 million, or 62 cents per share, for the three months ended June 30, compared with $386 millio
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Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
July 23 : Blackstone, the world’s largest alternative asset manager, reported rising income for the second quarter on Thursday, buoyed by growing assets under management and reaping profit from a mammoth bet on artificial intelligence. The New York-based company said inflows in the quarter pushed total asset
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Seven & i logs hefty quarterly profit jump, lifts annual forecast on yen weakness
TOKYO, July 9 : Japan’s Seven & i Holdings booked a 61 per cent rise in first-quarter operating profit after volatile energy markets boosted U.S. gasoline sale margins, and hiked its full-year outlook on a sharp decline in the yen.The 7-Eleven operator generated operating income of 105 billion yen over the Ma
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