Business
Tata Steel’s second-quarter profit beats on higher sales volumes, lower costs
TATA Steel reported a second-quarter profit on Wednesday (Nov 6) that beat analysts’ estimates as lower costs and higher sales volumes in…
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Sales
Business
Honda still optimistic about sales despite weak second quarter
HONDA Motor raised its full-year guidance despite turning in second-quarter results that fell short of analyst estimates. Its shares…
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,…
Unsorted
Chinese EV makers see EU sales slump as tariff row deepens
CHINESE electric vehicle (EV) makers lost ground in Europe for a third straight month, in the latest sign that the move towards higher…
Business
Apple results top Wall Street targets on strong iPhone sales, shares slip on outlook
APPLE’S AI-enhanced iPhone made a strong start, helping push quarterly sales ahead of Wall Street expectations, but questions about…
Business
BYD revenue beats Tesla for first time; Q3 sales surge 24% to 201 billion yuan
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time…
Business
Adidas reports strongest China sales since early 2022
ADIDAS saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection…
Business
Philips cuts annual sales outlook on weak demand from China
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology firm’s…
Business
American Airlines lifts profit view on higher pricing, sales strategy correction
The airlines’ pricing power has also improved as the industry cuts down excess capacity in the domestic market American Airlines lifted…
Business
Hermes Q3 sales up 11.3%, continues to outshine rivals
BIRKIN bag maker Hermes reported on Thursday (Oct 24) an 11.3 per cent rise in third-quarter sales, continuing to outshine rivals hit hard…
Business
Seven & i seeks to convince investors sales will double by 2030
SEVEN & i Holdings’s plan to split in two and expand abroad will help the retailer almost double group revenue, chief executive officer…
Business
Mattel beats profit estimates on cost controls but trims annual sales forecast
MATTEL topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales…
Business
ServiceNow sales growth fails to impress AI-hungry investors
SERVICENOW reported strong third-quarter sales and bookings, but failed to clear the lofty expectations of investors looking for a bigger…
Business
Whirlpool reaffirms forecast despite pre-election sales slump
WHIRLPOOL, the owner of Maytag, rose in late trading on Wednesday (Oct 23) after reporting better than expected earnings, and reaffirming…
Business
China’s Singles’ Day sales festival fails to inspire consumers
CHINA’S largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting…
Business
Logitech raises full-year outlook as sales and profit expectations climb
LOGITECH International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer…
Business
BYD bets on Brazil agribusiness to drive sales of hybrid pickup truck
BYD has launched its sixth model in Brazil this year, gambling that its hybrid pickup truck can take on the likes of Toyota Motor and Ford…
Business
P&G misses quarterly sales estimates on weakening demand in US, China
PROCTER & Gamble missed Wall Street expectations for first-quarter sales on Friday (Oct 18), as consumers in its major markets, the US and…
Business
Ray-Ban maker EssilorLuxottica misses sales expectations as China slows
FRANCO-ITALIAN eyewear maker EssilorLuxottica, opens new tab missed third-quarter revenue expectations on Thursday (Oct 17), dented by a…
Business
China woes drag down Pernod Ricard first quarter sales
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a…
Business
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported…
Business
RTP leads $4.2 mn pre-seed round in Budy to streamline sales software
The funding will accelerate Budy’s AI development, focusing on tasks such as optimising Salesforce setups and improving sales pipeline…
Business
LVMH third-quarter sales fall 3% as China weighs
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 16), its first decline in quarterly sales since…
Business
LVMH sales fall 3% as China demand for luxury goods worsens
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first…