Business
Santos to cut 10% jobs as growth projects near end, annual profit misses estimates
Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit on Wednesday (Feb 18), hurt by weak…
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estimates
Business
Societe Generale launches 1.5 billion euro buyback after profit beat estimates
The reacquisition follows two extraordinary share repurchase programmes launched in 2025, worth one billion euros each Societe Generale…
Business
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
Uber Technologies forecast first-quarter profit below market expectations and missed fourth-quarter estimates on Wednesday (Feb 4), as…
Business
Pfizer beats Q4 profit estimates on strong drug demand
Robust demand for its heart and oncology drugs helped achieve total sales for the quarter of US$17.56 billion Pfizer on Tuesday (Feb 3)…
Business
‘Beat estimates’: RHB upgrades CDL Hospitality Trusts to ‘buy’ on improved earnings, bright sector outlook
The bank’s research team is lifting its target price for the trust to S$1.00, up 13.6% from S$0.88 RHB has upgraded its call on CDL…
Business
Apple sales, profit beat Wall Street estimates amid ‘staggering’ iPhone demand
E beat Wall Street estimates for quarterly revenue on Thursday (Jan 29), powered by strong demand for its iPhones and a sharp rebound in…
Business
Netflix slightly beats revenue estimates in holiday quarter; shares slide amid bidding war for Warner Bros
Netflix squeaked past Wall Street’s revenue estimates for its holiday quarter on Tuesday, as the streaming giant remains locked in a…
Business
Netflix slightly beats revenue estimates, shares slide amid bidding war for Warner Bros
— Netflix beat Wall Street’s revenue and earnings estimates for its holiday quarter on Tuesday (Jan 21) but its shares tumbled more than 4…
Business
Netflix beats revenue estimates as subscriber count climbs to 325 million
Netflix exceeded Wall Street’s revenue estimates for its holiday quarter, as it crossed 325 million subscribers, the company said on…
Business
Wells Fargo misses profit estimates on severance costs, shares fall
WELLS Fargo missed analysts’ profit estimates in the fourth quarter on Wednesday, after it booked US$612 million in severance expenses as…
Business
PVH Profits Slip, but Top Q3 Estimates as Reinvention Continues
PVH Corp.’s third-quarter profits slipped, but topped expectations as Stefan Larsson continued on the next leg of his journey, resetting…
Business
Alibaba revenue tops estimates with strong instant retail, AI push
The company’s results come against the backdrop of a costly battle in China’s ‘instant retail’ sector Chinese e-commerce giant Alibaba…
Business
Nvidia shares jump after revenue and outlook beat estimates
Danielle KayeBusiness reporter Chip giant Nvidia beat Wall Street's expectations for revenue and upcoming sales, easing investor concerns…
Business
Klarna beats third-quarter revenue estimates in first earnings report after IPO
Growth in U.S. markets helped Swedish fintech firm Klarna to achieve a 26% jump in third-quarter revenue, beating expectations in its…
Business
Sally Beauty Surpasses Q4 Estimates
Sally Beauty Holdings beat sales on both the top and bottom lines in its fourth quarter. The Denton, Texas-based retailer’s net sales came…
Business
ANZ’s CEO Matos says ‘action needed’ as profit misses estimates
ANZ’S profit missed expectations as chief executive officer Nuno Matos reiterated that action is needed to turn around the lender. Cash…
Business
McDonald's beats sales estimates as value meals pull in cautious diners
McDonald’s beat estimates for third-quarter global comparable sales on Wednesday (Nov 5) as affordable meal offers from the fast-food…
Business
Harley-Davidson tops revenue estimates on demand for custom touring models
Harley-Davidson topped third-quarter revenue estimates on Tuesday (Nov 4) on robust demand for its high-margin custom touring models,…
Business
Aramco profit beats estimates in first sign of easing pressure
Net income adjusted for one-time items rose 0.8% to US$28 billion in the third quarter from a year earlier Saudi Aramco reported profit…
Business
Chevron tops Q3 earnings estimates with record production after Hess deal
Adjusted earnings for the three-month period ended Sep 30 were US$3.6 billion or US$1.85 per share Chevron beat analyst estimates on…
Business
ExxonMobil beats Q3 profit estimates on higher Guyana, Permian production
ExxonMobil beat Wall Street estimates for third-quarter earnings on Friday (Oct 31), underpinned by higher oil and gas production in…
Business
Crypto exchange Coinbase beats analysts’ estimates as trading volumes surge
Cryptocurrency exchanges often benefit from volatility in the sector as they earn more through transactions with investors seeking to…
Business
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
The company’s reliance on hardware sales has also left it with greater exposure to US President Donald Trump’s trade war with China. Apple…
Business
Starbucks finally said how many U.S. stores it closed: The list of locations was bigger than many estimates
Starbucks released its fourth-quarter earnings on Wednesday, October 30, finally providing an official figure for its recent wave of store…