Earnings
Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on outlook
An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California. Mario Tama | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global […]
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Auto giant Stellantis suspends full-year guidance due to uncertainties over Trump tariffs
Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico, on April 4, 2025. Henry Romero | Reuters Auto giant Stellantis on Wednesday said it was withdrawing its full-year financial guidance due to uncertainties regarding the impact of U.S. […]
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Swiss giant UBS beats expectations with $1.69 billion profit in first quarter
The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. Daniel Leal | AFP | Getty Images Swiss giant UBS on Wednesday beat bottom line expectations amid sharp returns in investment banking, as the lender seeks to rein in steep share declines that have cost […]
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Starbucks is about to report earnings. Here’s what to expect
A pedestrian holds a Starbucks cup in Sacramento, California, on April 28, 2025. David Paul Morris | Bloomberg | Getty Images Starbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: 49 cents expected […]
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Pfizer expands cost cuts, tops quarterly profit estimates even as sales fall
The Pfizer logo is seen outside the pharmaceutical company’s manufacturing plant, in Newbridge, Ireland February 10, 2025. Clodagh Kilcoyne | Reuters Pfizer on Tuesday expanded its cost-cutting efforts and reported first-quarter profit that topped estimates, even as the company’s sales fell, largely due to dwindling revenue for its antiviral Covid pill Paxlovid. The company previously […]
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PayPal reports first-quarter earnings beat, maintains forecast
CEO of PayPal Alex Chriss speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images PayPal reported better-than-expected earnings for the first quarter, but the company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty. The stock fell […]
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Adidas warns it will raise prices on all U.S. products due to tariffs
Customers shop in an Adidas store on April 4, 2025 in Miami, Florida. Joe Raedle | Getty Images Sportswear giant Adidas on Tuesday said that U.S. President Donald Trump’s tariffs would result in price hikes for all its U.S. products. The company said it did not yet know by how much it would boost prices, […]
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Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Swedish-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish krona ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of […]
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Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted […]
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Deutsche Bank posts 39% jump in first-quarter profit, above expectations
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit on robust investment banking performance, as lenders in Europe’s largest economy navigate broader market turbulence instigated […]
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