Stock News - Part 316

Adidas share price up, posts upbeat Q2 results, considers shedding golf business

August 6, 2015 10:04 am

German sportswear company Adidas AG reported on Thursday a slight increase in second-quarter profit on the back of strong sales, which however were dragged by its deteriorating golf business. Adidas, the worlds second-biggest sportswear maker, said that net income from continuing operations rose by 2% from a year earlier to €146 million in the second […] Read more

Walt Disney share price down, Q3 revenue misses forecasts, lowers cable profit guidance

August 5, 2015 10:24 am

Shares of Walt Disney Co tumbled more than 6% in pre-market trading on Wednesday after the media company reported on Tuesday third-quarter revenue slightly below analysts estimates and lowered its profit guidance for its cable networks unit, offsetting the effect of a record profit. The company said that it expects annual operating income growth for […] Read more

Toyota posts record Q1 profit despite lower sales

August 4, 2015 8:37 am

Toyota Motor Corp reported on Tuesday a record quarterly profit that topped analysts projections as cost cuts and a weaker yen helped offset a decline in sales, which led the Japanese company to lose its spot as the worlds top-selling car maker. Net income rose to ¥646.3 billion in the three months ended June 30th […] Read more

Heineken share price jumps as H1 results beat projections

August 3, 2015 10:16 am

Heineken NV, the worlds third-biggest brewer, reported on Monday better-than-expected profit and revenue for the first six months of the year thanks to strong demand for its premium brands and solid sales in emerging markets. The Dutch brewer said that first-half net profit surged 81% to €1.144 billion from €631 million a year earlier on […] Read more

Honda share price up, Q1 profit tops projections on US, China SUV demand

July 31, 2015 10:06 am

Honda Motor Co, Japans third-biggest carmaker by global sales, reported on Friday first-quarter profit that rose by nearly 20% as strong SUV demand in the US and China, coupled with a weaker yen, helped offset declining sales in Japan and Europe. The Japanese carmaker said that net profit for the three months ended June surged […] Read more

Shell share price up, Q2 profit tops estimates, to axe 6 500 jobs

July 30, 2015 10:07 am

Royal Dutch Shell Plc announced on Thursday plans to slash 6 500 jobs as it steps up cost savings after second-quarter profit fell sharply but still topped analysts projections due to strong performance at its downstream business. The company reported a 37% drop in Q2 earnings to $3.835 billion on a current cost of supplies […] Read more

Solvay share price down, announces $5.5-billion acquisition of Cytec Industries

July 29, 2015 9:59 am

Belgium-based chemical group Solvay SA announced on Wednesday it has agreed to buy US peer Cytec Industries Inc in a push to expand its presence in the lightweight materials business. Solvay said in a statement it would pay $5.5 billion in cash, or $75.25 per Cytec share, corresponding to an enterprise value of $6.4 billion […] Read more

BP share price up, Q2 profit slumps, cuts planned full-year capex

July 28, 2015 10:02 am

British oil and gas company BP Plc reported on Tuesday a sharp drop in second-quarter profit as lower oil prices hit its upstream operations, while the company took a multi-billion charge related to the 2010 Gulf of Mexico oil spill. BP said that underlying replacement cost profit, its definition of net income and analysts preferred […] Read more

Philips share price up as Q2 profit, sales beat projections

July 27, 2015 10:06 am

Royal Philips NV reported on Monday second-quarter profit and revenue that topped analysts expectations as a weaker euro helped boost sales. The Dutch consumer, lighting and healthcare company said that group revenue soared little over 20% to €5.97 billion euros in the three months ended June 30th from €4.97 billion a year earlier, boosted by […] Read more

Amazon.com share price soars on upbeat Q2 sales, surprising profit

July 24, 2015 10:06 am

Shares of Amazon.com Inc surged more than 18% in pre-market trading on Friday after the online retailer reported on Thursday an unexpected profit in the second quarter on the back of better-than-projected revenue. The company said that net sales surged 20% to $23.18 billion in the three months ended June 30th, compared with $19.34 billion […] Read more