July 29, 2022 8:22 am
Panasonic Holdings Corp (6752) on Thursday reported a 39% slump in its fiscal first-quarter profit, as results were heavily affected by COVID-19-related lockdowns in China and surging costs of materials, all of which disrupted production. The company’s operating profit dropped to JPY 63.7 billion ($471 million) during the three months to June 30th, while falling […]
Read moreJuly 28, 2022 10:42 am
Swedish music streaming firm Spotify on Wednesday reported higher-than-expected revenue for the second quarter, as results were underpinned by a 14% growth in paying subscribers. Total revenue rose 23% year-on-year to EUR 2.9 billion ($2.94 billion), while outstripping a consensus of analyst estimates of EUR 2.8 billion. The number of premium subscribers, from whom Spotify […]
Read moreJuly 28, 2022 7:00 am
With the recent air travel concerns and disruptions, TradingPedia‘s team of financial analysts decided to dive deep into the American Airlines’ Q2 financial report published on 30th of June 2022. In light of red-hot inflation and growing recession concerns, American Airlines’ (NASDAQ: AAL) Atlantic revenue registered another stunning year-on-year growth in the second quarter, while soaring […]
Read moreJuly 27, 2022 10:21 am
BASF (BASFn) on Wednesday revised up its full-year revenue forecast, as it still passed on higher raw material and energy prices to clients. The company now expects full-year sales within the range of EUR 86 billion to EUR 89 billion, compared with a prior forecast of EUR 74 billion to EUR 77 billion. “Current developments, […]
Read moreJuly 27, 2022 7:18 am
McDonald’s Corp (MCD) on Tuesday reported better-than-expected comparable sales in the second quarter, as the company benefited from stable online demand, new offerings and higher prices of its products. McDonald’s international same-store sales surged 9.7% year-on-year during the second quarter, which exceeded a consensus of estimates pointing to a 6.5% growth, according to Refinitiv data. […]
Read moreJuly 26, 2022 11:41 am
Intel Corp (INTC) said on Monday that it would manufacture chips for Taiwan’s MediaTek Inc (2454), one of the leading chip design companies globally. This has been one of the most significant deals the tech giant announced since the launch of its foundry business early in 2021. “That’s a pretty big deal for us to […]
Read moreJuly 26, 2022 9:21 am
Uber is the leading global ridesharing app. As of July 2022, the Uber platform is used by over 93 million customers across the globe, with about 3.5 million drivers serving them. The Uber ridesharing service is available in 74 countries. Although Uber is available in many locations, its popularity and usage vary from country to […]
Read moreJuly 25, 2022 6:48 am
Last Friday Verizon Communications Inc (VZ) revised down its full-year earnings forecast, as it gained fewer monthly phone subscribers than anticipated during the second quarter. The wireless carrier added just 12,000 net phone subscribers who pay a monthly bill, compared with a FactSet forecast of 150,800, as red-hot inflation in the US has made customers […]
Read moreJuly 22, 2022 10:41 am
Honda Motor Co Ltd (7267) said on Thursday it would reduce production by up to 30% in Japan in August, as supply chain and logistics-related issues persist. Two lines at Honda’s facility in Suzuka, western Japan, are expected to cut output by nearly 10% in July and by nearly 30% in early August versus original […]
Read moreJuly 22, 2022 7:05 am
AT&T Inc (T) on Thursday revised down its annual free cash flow forecast by $2 billion, as it continues expanding 5G and fiber internet availability. The company now forecasts full-year 2022 free cash flow of around $14 billion compared with $16 billion, as expected previously. AT&T’s total revenue of $29.6 billion was roughly in line […]
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