Company Results & Outlook


Saudi's Almarai third-quarter profit flat, warns of adverse market conditions

DUBAI Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a flat third-quarter net profit on Sunday, and warned it remained cautious on the year due to adverse market conditions.

Gillette weakens P&G report after Peltz row

Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board. | Video

Budget 2017, 20 Oct 2017

Ericsson sees signs of improvement after fourth straight quarterly loss

STOCKHOLM Mobile network gear maker Ericsson said it had detected signs of improvement after posting a steeper than expected quarterly loss on Friday, helping send its languishing shares up as much as 5 percent.

Budget 2017, 20 Oct 2017

Daimler's group profits fall while truck orders bulge

BERLIN Daimler lifted the outlook for its trucks division for a second time in three months on Friday while its overall profit fell on costs related to diesel-engine updates, vehicle recalls and restructuring. | Video

Budget 2017, 20 Oct 2017

Volvo shares hit record as earnings top forecasts on surging truck demand

STOCKHOLM Sweden's AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain, sending its shares to a record high.

Budget 2017, 20 Oct 2017

PayPal tops profit estimates, lifts target on mobile payments growth

Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.

20 Oct 2017

GE vows $20 billion asset sales, 'sweeping change' as profit falls

NEW YORK General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. | Video

Budget 2017, 21 Oct 2017

Nestle speeds up overhaul to counter slowest growth in decades

ZURICH Nestle, the world's biggest packaged food group, is doubling spending on its restructuring this year to up to 1 billion Swiss francs ($1 billion) to cope with its weakest sales growth in more than two decades. | Video

Budget 2017, 19 Oct 2017

Unilever sales fall short as competition bites big brands

LONDON Unilever reported disappointing third-quarter sales having lost market share to smaller rivals, dampening hopes that a failed takeover bid by Kraft Heinz would spark a swift improvement in performance. | Video

Budget 2017, 19 Oct 2017

Just relax, Europe's tech leader SAP tells investors, Q4 will be dynamite

FRANKFURT/LONDON SAP, Europe's most valuable technology stock, predicted a "dynamite" fourth quarter for its cloud computing business, helping its shares erase losses after third-quarter results fell short of market expectations.

Budget 2017, Tech 19 Oct 2017

Japan shares at two-decade top, yen at three-month low on Abe win

SYDNEY Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe's ruling bloc gave a green light for more super-easy policy stimulus, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the region.