BOSTON (Reuters) -GameStop Corp, the videogame retailer at the center of this year’s “meme stock” trading frenzy, beat analysts’ estimates for quarterly revenue on Wednesday, as vaccinations encouraged people to return to its stores.FILE PHOTO: GameStop logo is seen in front of displayed Reddit logo in this illustration taken on Febr. 2, 2021. REUTERS/Dado Ruvic/Illustration/File… Continue reading GameStop tops quarterly revenue estimates as shoppers return to stores
Tag: results
RPT-COLUMN-As stocks soar, profit upgrades ignore GDP cuts :Mike Dolan
(Repeats story with no change to text. The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) LONDON, Sept 3 (Reuters) – The stock market juggernaut appears unstoppable at first glance, but there’s a gnawing concern about continuous profit upgrades just as economists scramble to scale back… Continue reading RPT-COLUMN-As stocks soar, profit upgrades ignore GDP cuts :Mike Dolan
Fortescue posts record profit, dividend but cuts management bonuses
MELBOURNE (Reuters) -Fortescue Metals Group Ltd reported its highest ever annual profit and dividend on Monday due to sky-high iron ore prices but senior management received a surprise cut to bonus payments.FILE PHOTO: The logo of Fortescue Metals Group adorns their headquarters in Perth, Australia, November 11, 2015. REUTERS/David GrayTop executives will receive just 28%… Continue reading Fortescue posts record profit, dividend but cuts management bonuses
Disney bullish on parks despite Delta; investors cheer streaming growth
(Reuters) – Walt Disney Co earnings on Thursday topped Wall Street forecasts for the most recent quarter as its streaming services picked up more customers than expected and pandemic-hit U.S. theme parks returned to profitability.FILE PHOTO: A smartphone with displayed “Disney” logo is seen on the keyboard in this illustration taken March 24, 2020. REUTERS/Dado… Continue reading Disney bullish on parks despite Delta; investors cheer streaming growth
GCSE Results Day 2021: Teens count down minutes to getting their marks
‘Sweat literally dripping down my face’: Anxious teens count down the remaining minutes to opening their teacher-assessed GCSE results TODAY Teenagers were sharing GIFs on Twitter overnight as half a million students find out their GCSE grades today Hashtag #GCSEresults2021 was trending last night as hundreds of pupils suffered a sleepless night Teachers set marks,… Continue reading GCSE Results Day 2021: Teens count down minutes to getting their marks
GCSE Results Day 2021: Teens count down minutes to getting their marks
‘Sweat literally dripping down my face’: Anxious teens count down the remaining minutes to opening their teacher-assessed GCSE results TODAY Teenagers were sharing GIFs on Twitter overnight as half a million students find out their GCSE grades today Hashtag #GCSEresults2021 was trending last night as hundreds of pupils suffered a sleepless night Teachers set marks,… Continue reading GCSE Results Day 2021: Teens count down minutes to getting their marks
UPDATE 1-Wind turbine maker Vestas cuts 2021 outlook on supply constraints and costs
(Adds detail, CEO quote, graphic) COPENHAGEN, Aug 11 (Reuters) – Vestas cut its 2021 outlook on Wednesday after missing second-quarter operating profit forecasts as the world’s largest maker of wind turbines was hurt by supply chain disruptions and higher costs. Demand for its wind turbines, seen as crucial to curb global warming, remains healthy but… Continue reading UPDATE 1-Wind turbine maker Vestas cuts 2021 outlook on supply constraints and costs
Beyond Meat outlook cautious due to Delta variant, shares fall
(Reuters) – Beyond Meat Inc said on Thursday that restaurants are placing “more conservative” orders for its plant-based burgers due to uncertainty over to the Delta variant of the coronavirus, leading the company to forecast third quarter revenue below estimates.FILE PHOTO: Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at… Continue reading Beyond Meat outlook cautious due to Delta variant, shares fall
Asian companies see earnings upgrade for 13th month – Refinitiv data
(Reuters) – Asian firms continued to receive earnings upgrades in July, highlighting sustained hopes of a recovery and optimism that equity prices will be bolstered in the second half of this year.FILE PHOTO: A general view of the Central financial district during sunset, in Hong Kong, China March 11, 2021. REUTERS/Tyrone SiuAccording to Refinitiv data,… Continue reading Asian companies see earnings upgrade for 13th month – Refinitiv data
Cigna sees larger impact from pandemic to 2021 earnings
(Reuters) -Health insurer Cigna Corp doubled its estimate of the hit to full-year earnings from the pandemic as it reported a better-than-expected quarterly profit and maintained its annual adjusted earnings forecast.FILE PHOTO: A screen displays the logo for Cigna Corp. on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July… Continue reading Cigna sees larger impact from pandemic to 2021 earnings
Cigna sees larger impact from pandemic to 2021 earnings
(Reuters) -Health insurer Cigna Corp doubled its estimate of the hit to full-year earnings from the pandemic as it reported a better-than-expected quarterly profit and maintained its annual adjusted earnings forecast.FILE PHOTO: A screen displays the logo for Cigna Corp. on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July… Continue reading Cigna sees larger impact from pandemic to 2021 earnings
McDonald's sales surge amid reopening despite staffing "challenges"
(Reuters) -Global sales and profit for McDonald’s Corp surged past Wall Street targets on Wednesday as restaurants reopened despite staffing shortages and consumers lapped up a wildly popular celebrity meal inspired by South Korean pop band BTS.Slideshow ( 2 images )The fast-food chain also raised its guidance for fiscal 2021, saying a slightly quicker than… Continue reading McDonald's sales surge amid reopening despite staffing "challenges"
Santander profit beats forecasts on strong UK, U.S. performance
MADRID (Reuters) -Spain’s Santander beat forecasts with a 35% jump in second-quarter underlying profit on the back of lower loan loss provisions, strong U.S. consumer business and a rise in mortgage lending in the UK market.FILE PHOTO: Banco Santander’s boss Ana Patricia Botin speaks during the annual results presentation at the bank’s headquarters in Boadilla… Continue reading Santander profit beats forecasts on strong UK, U.S. performance
Portuguese bank Millennium bcp's profit plunges 84% after big provisions
LISBON (Reuters) – Portugal’s largest listed bank Millennium bcp on Monday reported a 84% drop in first-half net profit after taking big provisions on foreign currency loans at its Polish subsidiary.FILE PHOTO: People walk near a branch of Millennium BCP Bank in downtown Lisbon, Portugal, May 11, 2016. REUTERS/Rafael MarchanteThe bank reported a profit of… Continue reading Portuguese bank Millennium bcp's profit plunges 84% after big provisions
American, Southwest post quarterly profits on travel rebound, federal aid
(Reuters) -U.S. carriers American Airlines and Southwest Airlines on Thursday posted quarterly profits helped by a bookings rebound and federal aid, and forecast improving revenue trends in the months ahead as more people return to travel. U.S. airlines, which received $54 billion in COVID-19 relief for workers’ salaries and also took on debt to survive… Continue reading American, Southwest post quarterly profits on travel rebound, federal aid
Coca-Cola says prepared to take on potential Delta variant hit
(Reuters) -Coca-Cola Co will rely on its pandemic-tested strategy of focusing on bigger brands and doubling down on its supply chain to combat a potential impact from the Delta variant of the coronavirus, its finance chief said on Wednesday. CFO John Murphy’s comments come as the re-opening of global economies helped the beverage giant beat… Continue reading Coca-Cola says prepared to take on potential Delta variant hit
Australia's Zip mulls crypto trading option as BNPL race heats up
(Reuters) – Australian buy now, pay later (BNPL) firm Zip Co Ltd is looking to provide users a chance to trade in cryptocurrencies, co-founder Peter Gray said on Thursday, as established players in the sector test newer areas of business to power growth. With the United States driving its fourth-quarter growth and the country set… Continue reading Australia's Zip mulls crypto trading option as BNPL race heats up
UPDATE 2-Lending growth gives Bankinter a boost
* Without LDA, bank books profit of 96.2 mlns vs 81 mlns forecast * Q2 net interest income rises 7.5% y/y and 5% q/q * Expects commercial activity to continue in coming quarters (Recasts to focus on underlying net profit, adds shares, NII) MADRID, July 22 (Reuters) – Spain’s Bankinter booked better-than-expected underlying net profit… Continue reading UPDATE 2-Lending growth gives Bankinter a boost
When is A-Level results day 2021?
A-LEVEL exams have been canceled for 2021, because of the ongoing coronavirus pandemic. But how will grades be awarded instead and when is results day? Here’s all you need to know… When is A-Level results day? Normally students receive their results in mid to late August, but A-level students will receive their results on August… Continue reading When is A-Level results day 2021?
Biggest U.S. banks smash profit estimates as economy revives
WASHINGTON (Reuters) – The four largest U.S. consumer banks posted blockbuster second-quarter results this week, after pandemic loan losses failed to materialize and the U.S. economy began roaring back to life. Wells Fargo & Co, Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co posted a combined $33 billion in profits, buoyed by… Continue reading Biggest U.S. banks smash profit estimates as economy revives
Citigroup trounces profit estimates as economic recovery spurs reserve release
(Reuters) – Citigroup Inc comfortably beat market estimates for second-quarter profit on Wednesday, as the economic recovery allowed the bank to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending.FILE PHOTO: The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12,… Continue reading Citigroup trounces profit estimates as economic recovery spurs reserve release
Wells Fargo smashes profit estimates on reserve release boost
(Reuters) -Wells Fargo & Co swung to a profit in the second quarter, smashing Wall Street expectations, as it released $1.6 billion in funds it had set aside to cover loans that might have gone bad.FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie KeithThe lender also… Continue reading Wells Fargo smashes profit estimates on reserve release boost
Conagra Brands cuts annual profit forecast on cost pressures
FILE PHOTO: Cans of Chef Boyardee, a product of ConAgra Foods, are seen on the shelf of a grocery store in the Brooklyn borough of New York December 16, 2015. REUTERS/Darren Ornitz/File Photo/File Photo(Reuters) -Conagra Brands Inc lowered its full-year profit forecast on Tuesday, as the packaged foods company expects to take a hit from… Continue reading Conagra Brands cuts annual profit forecast on cost pressures
Lottery results LIVE: National Lottery Set For Life draw tonight, July 5, 2021
THE National Lottery Set For Life numbers are in and it's time to find out if you've won the top prize of £10,000 every month for 30 years. Could tonight's jackpot see you start ticking off that bucket list every month or building your own start-up as a budding entrepreneur? You can find out by… Continue reading Lottery results LIVE: National Lottery Set For Life draw tonight, July 5, 2021