International Companies
Heineken beer sales fall in Q3; reiterates FY guidance
Brewing giant Heineken reiterated its full-year guidance on Wednesday, even as it sold less beer during the third quarter.
General Motors pulls full-year guidance due to strikes
General Motors posted better-than-expected third-quarter earnings on Tuesday but said it was pulling its annual guidance due to the impact of strikes.
Spotify returns to profit after smashing Q3 targets
Spotify delivered a return to profitability in the third quarter after user and subscriber numbers beat expectations and revenues grew ahead of guidance.
Coca-Cola Company comfortably beats third-quarter forecasts
Soft drink behemoth Coca-Cola topped expectations on quarterly earnings and revenue in its latest report on Tuesday, with earnings per share coming in at 74 cents.
3M hikes EPS and cash flow guidance for 2023
3M shares were rising strongly ahead of the opening bell on Tuesday after the American conglomerate raised its earnings and cash flow guidance following a solid third quarter.
General Electric raises guidance again after strong quarterly earnings
General Electric (GE) raised its full-year profit forecast for the third time this year on Tuesday on the back of strong quarterly earnings.
Hermes reports strong quarter, though currency a drag
Luxury fashion brand Hermès announced strong quarterly results on Tuesday, with consolidated revenue reaching €10. 06bn by the end of September, marking a 22% increase at constant exchange rates and a 17% increase at current exchange rates compared to the same period last year.
EngageSmart to be taken over by Vista in $4bn deal
Payments software vendor EngageSmart said on Monday that it has agreed to be taken over by private equity firm Vista in a $4bn cash deal.
Roche strikes $7.1bn deal to buy Telavant
Swiss drug giant Roche has agreed to buy Telavant Holdings from Pfizer and Roivant Sciences in a $7. 1bn deal, it was announced on Monday.
Volkswagen shares slide after it trims margin outlook
Shares in German auto giant Volkswagen Group reached their lowest point since April 2020 on Monday after it announced a downward revision in its profit margin outlook for the current year.
Chevron to buy Hess Corp in $53bn deal
Chevron said on Monday that it has agreed to buy Hess Corporation in a $53bn all-share deal.
China probes iPhone maker Foxconn
Chinese authorities have reportedly launched an investigation into iPhone manufacturer Foxconn.
Philips lifts FY outlook as Q3 profit jumps
Philips lifted its full-year outlook on Monday as it posted a jump in third-quarter profit.
Tesla Q3 earnings fall short of expectations
Electric vehicles manufacturer Tesla posted third-quarter quarter earnings that came in below expectations on Thursday, with chief executive Elon Musk voicing concerns regarding the state of the global economy.
Philip Morris posts record quarterly revenues and EPS
Tobacco giant Philip Morris posted record quarterly revenues and profit per share, while raising its outlook.
AT&T raises FY guidance after strong Q3
Telecommunications firm AT&T upped its earnings and full-year free cash flow guidance on Thursday as it said quarterly subscriber numbers had beaten Wall Street estimates.
EU asks Meta, TikTok for details of ‘disinformation’ measures
The European Commission has given Meta and TikTok a week to provide more information on the measures they have taken to combat the spread of violent or terrorist content on their platforms.
Volumes under pressure at Nestle
Swiss consumer goods giant Nestle reported a fall in volumes on Thursday, as prices continued to rise.
Nokia to cut up to 14,000 jobs after 5G slowdown
Swedish telecoms giant Nokia on Thursday announced plans to cut up to 14,000 jobs as part of a €1. 2bn cost savings programme over the next three years.
LBG Media acquires Betches in $24m deal
LBG Media, the parent company of LADbible Group, announced the acquisition of Betches Media on Wednesday, on a move aimed at expanding its presence in the digital media landscape.