Shell reports $6.2 bln third-quarter profit, boosts buybacks

The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photoon Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced … Read more

Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback

People pump gas into their vehicles at a Shell petrol station on October 2, 2023 in Alhambra, California.on Thursday reported $6. 2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins.The company also announced a $3.5 billion share buyback to be carried … Read more

Airbnb posts $4.4 billion 3Q profit with help from a tax break and higher-than-expected revenue

FILE – The Airbnb app icon is displayed on an iPad screen in Washington, D.C., on May 8, 2021. Airbnb reports earnings on Wednesday, Nov. 1, 2023. (AP Photo/Patrick Semansky, File)SAN FRANCISCO (AP) — Airbnb said Wednesday it earned $4.37 in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue … Read more

Estee Lauder cuts annual profit outlook on weaker recovery in Asia travel retail

© Reuters. FILE PHOTO: An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. REUTERS/Lucy Nicholson/File Photo) cut its annual profit on Wednesday as the MAC lipstick maker struggles with a slower-than-anticipated recovery in its Asia travel retail business. The company now expects full-year 2024 adjusted profit per share between … Read more

Livent quarterly profit misses expectations on expansion woes; cuts annual forecast

Articles can be saved for quick future reference. This is a subscriber benefit. If you are already a subscriber, please log in to save this article. If you are not a subscriber, click on the View Subscription Options button to subscribe. Livent quarterly profit up 13%, cuts forecast on flat lithium salesLivent quarterly profit up … Read more

India’s top drugmaker Sun Pharma beats Q2 profit view

A man walks past the logo of Sun Pharmaceutical Industries Ltd. outside its research and development centre in Mumbai, India, May 25, 2018. REUTERS/Francis Mascarenhas/File Photo, India’s largest drugmaker by revenue, reported a bigger-than-expected rise in second-quarter profit on Wednesday, driven by strong sales in its domestic and U.S. formulation businesses. Consolidated net profit after … Read more

Toyota Motor Nearly Tripled Second-Quarter Profit — Update

Toyota Motor raised its full-year earnings guidance after saying that second-quarter net profit nearly tripled from a year earlier as sales grew thanks to an easing chip shortage. Net profit rose to 1.278 trillion yen ($8.43 billion) for the three months ended Sept. 30 from Y434.26 billion in the year-earlier period, the Japanese automaker said … Read more

Toyota rides weak yen, demand for hybrids to post blowout profit

© Reuters. FILE PHOTO: A view of the Toyota FT-3e elecric SUV concept vehicle during a press day of the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023. REUTERS/Issei Kato/File Photo The world’s top-selling automaker reported a record operating profit of 1.44 trillion yen ($9.5 billion) in the three … Read more

Toyota more than doubles quarterly profit, shares surge

A view of the Toyota FT-3e elecric SUV concept vehicle during a press day of the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023. REUTERS/Issei Kato/File Photoreported a more than doubling of second-quarter profit on Wednesday, helped by a weak yen currency and strong sales, and raised its full-year … Read more

Chesapeake Energy tops profit estimates as costs ease

© Reuters. Chesapeake Energy logo is seen on smartphone in front of displayed stock graph in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) -Chesapeake Energy beat Wall Street estimates for third-quarter profit on Tuesday, as lower overall costs helped offset the impact of fallingThe company’s production expenses fell to 23 cents per thousand … Read more