Finance Update World News

German chemicals group BASF reported 60% Drop in operating profit in Q4

German’s BASF reported 60% Drop in operating profit in fourth-quarter Final quarter income before interest and tax dove 59 percent to 630 million euros ($715.37 million), over the normal analyst gauge of 598 million euros in a Reuters survey. Reuters – TFM Watch LUDWIGSHAFEN, Germany (Reuters) – German’s BASF announced an about 60 percent drop […]

Finance Update World News

The e-cigarette maker Juul Labs Inc projected $3.4 billion revenue for 2019

Juul Labs Inc projects $3.4 billion revenue for 2019, Despite Flavored Vape Restrictions The e-cigarette maker forecasts revenue that would nearly triple from last year. By Olivia Zaleski and Ellen Huet on Bloomberg – TFM Watch Bloomberg: Juul Labs Inc.’s move to stop selling most flavored e-cigarettes in U.S. stores dealt a blow to the company’s financial results last quarter, […]

Finance Update

Cabot Oil and Gas Q4 earnings misses estimate; Cash Flow & Reserves Jump

Cabot Oil and Gas Corp missed Wall Street estimates for quarterly profit on Friday Companies like Cabot, which sells natural gas to industrial customers and power generation facilities, have been trying to increase production from the Marcellus area. The company said it would focus more on developing the Lower Marcellus region. By Arundhati Sarkar on […]

Finance Update World News

Walmart Inc posted estimate-beating jump in holiday quarter sales

Walmart holiday-quarter sales jump, says consumers still spending U.S. retailer Walmart Inc on Tuesday reported an estimate-beating jump in holiday quarter comparable sales, which grew for the 18th consecutive quarter. TFM Watch (Reuters) – Walmart Inc posted its strongest holiday quarter in at least a decade on Tuesday, boosted by higher grocery and e-commerce sales, […]

Finance Update

Barclays income boost cheers investors, makes Brexit provision

Barclays reported profit of 3.5 billion pounds ($4.56 billion) for 2018 TFM Watch LONDON (Reuters) – Barclays reported a lower than forecast attributable profit of 3.5 billion pounds ($4.56 billion) for 2018, as it set aside cash to cushion against Brexit losses and its trading business weathered a difficult fourth quarter. Barclays did show signs […]

Finance Update World News

GoDaddy first-quarter revenue forecast misses estimates

(Reuters) – GoDaddy Inc forecast current-quarter revenue on Wednesday that missed analysts’ estimates, sending its shares down more than 2 percent and overshadowing the web hosting company’s strong fourth-quarter results. For the first quarter, GoDaddy expects total revenue between $705 million and $715 million, while analysts were expecting $716.3 million, according to IBES data from […]

Finance Update

Shaily Engineering Plastics: A disappointing Q3, but don’t overlook its long-term prospects

MoneyControl Report: Shaily Engineering Plastics: A disappointing Q3, but don’t overlook its long-term prospects. Highlights: – After the recent correction, the stock offers value – Traction in the home furnishing segment will be crucial to overall growth – Utilisation rate at the medical packaging facility will have a bearing on the margins – Crude price volatility may impact […]

Finance Update World News

PC maker Lenovo’s Delivers Strong Performance in Q3 profit and beats expectations

Lenovo Delivers Strong Performance with Highest Quarterly Revenue in Four Years and Record Pre-Tax Income. Highest quarterly revenue for four years (since Q3 FY14/15) – US$14 billion, up 8.5% year-on-year (YOY) and 6th consecutive quarter of YOY revenue growth All-time record high PTI of US$350 million – jumped 133% YOY Recorded net income of US$233 […]