Business
Santos to cut 10% jobs as growth projects near end, annual profit misses estimates
Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit on Wednesday (Feb 18), hurt by weak…
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estimates
Business
McDonald’s beats quarterly global sales estimates as value bets pay off
The fast food chain is also delving deeper into the fast-growing beverage segment NALD’S topped Wall Street estimates for fourth-quarter…
Business
Societe Generale launches 1.5 billion euro buyback after profit beat estimates
The reacquisition follows two extraordinary share repurchase programmes launched in 2025, worth one billion euros each Societe Generale…
Business
News Corp beats quarterly revenue estimates on growth in Dow Jones unit
Corp beat Wall Street estimates for second-quarter revenue on Thursday, bolstered by growth in its Dow Jones, digital real estate and book…
Business
Reddit forecasts revenue above estimates as AI fuels ad sales
IT forecast first-quarter revenue above analysts’ estimates on Thursday (Feb 5), as artificial intelligence-powered enhancements to its ad…
Business
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
Uber Technologies forecast first-quarter profit below market expectations and missed fourth-quarter estimates on Wednesday (Feb 4), as…
Business
PayPal sees 2026 profit below estimates, names Enrique Lores as CEO
Its lower surplus is due to weaker US retail spending and slower growth in its branded checkout segment PayPal issued a lacklustre profit…
Business
Pfizer beats Q4 profit estimates on strong drug demand
Robust demand for its heart and oncology drugs helped achieve total sales for the quarter of US$17.56 billion Pfizer on Tuesday (Feb 3)…
Business
‘Beat estimates’: RHB upgrades CDL Hospitality Trusts to ‘buy’ on improved earnings, bright sector outlook
The bank’s research team is lifting its target price for the trust to S$1.00, up 13.6% from S$0.88 RHB has upgraded its call on CDL…
Business
Apple sales, profit beat Wall Street estimates amid ‘staggering’ iPhone demand
E beat Wall Street estimates for quarterly revenue on Thursday (Jan 29), powered by strong demand for its iPhones and a sharp rebound in…
Business
Tesla revenue beats estimates despite weaker vehicle deliveries
The company’s vehicle business has been under strain as rivals roll out newer models, often at lower prices Tesla beat Wall Street…
Business
IBM posts revenue that tops estimates on software gains
Investors have been enthusiastic about the strategy as software has provided an increasingly share of the company’s sales International…
Business
Netflix slightly beats revenue estimates in holiday quarter; shares slide amid bidding war for Warner Bros
Netflix squeaked past Wall Street’s revenue estimates for its holiday quarter on Tuesday, as the streaming giant remains locked in a…
Business
Netflix slightly beats revenue estimates, shares slide amid bidding war for Warner Bros
— Netflix beat Wall Street’s revenue and earnings estimates for its holiday quarter on Tuesday (Jan 21) but its shares tumbled more than 4…
Business
Wells Fargo misses profit estimates on severance costs, shares fall
WELLS Fargo missed analysts’ profit estimates in the fourth quarter on Wednesday, after it booked US$612 million in severance expenses as…
Business
Alibaba beats quarterly revenue estimates
The company reported revenue of 247.80 billion yuan (S$45.5 billion) in the second quarter, compared with the estimates of 242.65 billion…
Business
Alibaba revenue tops estimates with strong instant retail, AI push
The company’s results come against the backdrop of a costly battle in China’s ‘instant retail’ sector Chinese e-commerce giant Alibaba…
Business
Nvidia beats Q3 revenue estimates, helping counter fears of AI bubble
Nvidia, the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that an…
Business
ANZ’s CEO Matos says ‘action needed’ as profit misses estimates
ANZ’S profit missed expectations as chief executive officer Nuno Matos reiterated that action is needed to turn around the lender. Cash…
Business
McDonald's beats sales estimates as value meals pull in cautious diners
McDonald’s beat estimates for third-quarter global comparable sales on Wednesday (Nov 5) as affordable meal offers from the fast-food…
Business
Harley-Davidson tops revenue estimates on demand for custom touring models
Harley-Davidson topped third-quarter revenue estimates on Tuesday (Nov 4) on robust demand for its high-margin custom touring models,…
Business
Aramco profit beats estimates in first sign of easing pressure
Net income adjusted for one-time items rose 0.8% to US$28 billion in the third quarter from a year earlier Saudi Aramco reported profit…
Business
Crypto exchange Coinbase beats analysts’ estimates as trading volumes surge
Cryptocurrency exchanges often benefit from volatility in the sector as they earn more through transactions with investors seeking to…
Business
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
The company’s reliance on hardware sales has also left it with greater exposure to US President Donald Trump’s trade war with China. Apple…