Business
PVH Tops Q4 Estimates, Looks to Bad Bunny for a Boost
Stefan Larsson exceeded his mark for the fourth quarter at PVH Corp. — with sales and profits that topped expectations and were warmly…
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estimates
Business
BYD surpasses US$100 billion in annual sales, beating estimates
BYD’s sales last year surpassed the US$100 billion mark, leapfrogging Elon Musk’s Tesla on revenue, as the Chinese auto giant wows…
Business
StanChart to return US$1.5 billion more as Q4 earnings beat estimates
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates,…
Business
Analysts raise target prices, dividend estimates on UOB as they get positive on earnings outlook
Maybank forecasts return on equity to increase, thereby driving higher valuations ANALYSTS have raised their target prices for UOB after…
Business
Lenovo’s profit beats estimates as AI fuels PC recovery hopes
Investors are betting that PC makers from HP to Dell Technologies will benefit in 2025 as consumers pick up devices with more AI features…
Business
Nasdaq-listed Grab’s Q4 profit falls to US$27 million, but beats analyst estimates
NASDAQ-LISTED Grab on Thursday (Feb 20) posted a net profit of US$27 million for the fourth quarter ended December, down from US$35…
Business
UOB looks to ‘resilient’ Asean to continue to drive growth as Q4 profit beats estimates
UOB remains confident that Asean economies will be resilient and continue to expand, even as the outlook remains uncertain amid ongoing…
Business
CBA’s first-half profit beats estimates on strong asset quality, lending volume growth
COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower…
Business
Barbie parent Mattel forecasts annual profit above estimates after steady holiday demand
TOYMAKER Mattel on Tuesday forecast full-year profit above Wall Street expectations after beating holiday quarter estimates, owing to…
Business
Spotify forecasts profit above estimates on subscriber growth, price increases
In the fourth quarter, premium subscribers rose 11 per cent to 263 million, compared with Visible Alpha estimates of 260 million. SPOTIFY…
Business
Mastercard earnings tops estimates as firm broadens services
MASTERCARD reported earnings that beat estimates as the firm diversifies beyond its traditional payment network into anti-fraud services,…
Business
IBM beats profit estimates as AI shift boosts software performance, shares surge
THE International Business Machines Corporation (IBM) surpassed fourth-quarter profit estimates on Wednesday (Jan 29), driven by robust…
Business
Oracle misses quarterly results estimates on stiff cloud competition
ORACLE missed Wall Street expectations for second-quarter revenue and adjusted profit on Monday (Dec 9), hit by stiff competition and…
Business
Chinese food delivery giant Meituan beats quarterly revenue estimates
CHINA’S largest food delivery firm Meituan posted a bigger-than-expected 22.4 per cent rise in third-quarter revenue on Friday (Nov 29),…
Business
Dell reports sales that miss estimates on setback for PC market
DELL Technologies reported worse-than-expected sales after a budding revival in the personal computer (PC) market stalled out. Fiscal…
Business
Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates
CHINA’S PDD Holdings reported a 44 per cent rise in third-quarter revenue on Thursday (Nov 21), but still fell short of market estimates.…
News
Ukraine estimates environmental damage of 1,000 days of war at $71 bn
The war in Ukraine has left tens of thousands of people dead, destroyed homes and created millions of refugees, but it has also caused…
Business
China’s Alibaba misses quarterly revenue estimates
ALIBABA Group Holding missed analysts’ estimates for quarterly sales on Friday (Nov 15), as lingering economic uncertainty sapped consumer…
Business
Dutch lender ABN Amro’s Q3 profit beats estimates on strong interest income, fees
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net…
Business
UOB surpasses estimates with 16% higher Q3 profit of S$1.61 billion
UOB’S net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year…
Business
Burger King parent Restaurant Brands misses sales estimates on muted demand
RESTAURANT Brands missed estimates for quarterly revenue on Tuesday (Nov 5) due to weak demand across key businesses such as Tim Hortons,…
Business
New York Times tops estimates as digital subscribers grow
NEW York Times reported third-quarter earnings that beat analysts’ expectations, as the company saw an increase in its subscriber count in…
Business
Mastercard earnings top estimates as consumers keep spending
MASTERCARD reported profit that beat analysts’ estimates, helped by a boost in cross-border transactions. The company posted adjusted…
Business
PayPal forecasts Q4 revenue below estimates as profit push puts growth behind
PAYPAL forecast fourth-quarter revenue below estimates on Tuesday (Oct 29) as the digital payments company shifts its focus to…