Analysts raise price targets on DBS after Q1 earnings
Analysts raised price targets for shares of DBS, following its first quarter results release on Thursday (May 8). The bank’s net profit at S$2.9 billion for the three months ended Mar 31 -…
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earnings
DBS shares jump more than 2% after earnings beat estimates
DBS shares rose 2.1 per cent or S$0.88 on Thursday (May 8) to reach S$43.64 as at 11.26 am. It bucked the trend among the Singapore banks in morning trade. Shares of UOB inched up 0.03 per…
ANZ’s H1 cash earnings largely flat, margins stay pressured
RALIA’S ANZ Group reported largely flat first-half cash earnings on Thursday (May 8), as persistent competition in the home loan market and a rise in asset impairments offset…
UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises. At the same…
National Australia Bank’s first-half cash earnings up 1% on lending volume growth
ONAL Australia Bank, the country’s biggest business lender, said on Wednesday its first-half cash earnings rose 1 per cent, helped by growth in lending volumes and lower…
Coty Reports $71.1M Loss on Skkn Divestiture Amid Q3 Revenue Decline
Coty made a $71.1 million loss on the divestiture of Skkn, Kim Kardashian’s beauty business, the company said in its third-quarter earnings. Coty, the beauty company behind the likes of…
Berkshire Reports Drop in Earnings, Mainly From Investment Losses
Berkshire Hathaway, the conglomerate run by Warren E. Buffett, reported a sharp drop in first-quarter earnings on Saturday as the company felt the effects of a declining stock market and…
Wall Street Gains Momentum with Support from Big Tech Earnings While Investors Watch Trade Developments
Wall Street opened with a surge of optimism on Thursday, as stocks soared and key U.S. indexes posted significant gains. This surge was primarily driven by robust earnings from large…
The Estée Lauder Cos. Forecasts 9 Percent Drop in Sales in 2025, But Expects Return to Growth Next Year
After scrapping its previous full year forecast, The Estée Lauder Cos. now expects sales to drop by as much as 9 percent in 2025, but sees a return to growth next year. The bigger than…
Visa earnings top estimates as spending on network stays strong
The company also says at the investor day that it expects its value-added services to account for more than half of total revenue in coming years Visa’s fiscal second-quarter…
Snap Delivers Q1 Earnings Beat as Snapchat Tops 900M Monthly Users, Withholds Guidance Given Economic ‘Uncertainty’
Snap, parent company of Snapchat, kept adding app users in the first three months of the year — reaching a new milestone in Q1 by surpassing 900 million monthly active users globally. The…
Oddity Raises Full-year Forecast
Oddity, the parent company of Il Makiage and SpoiledChild, raised its full-year forecast as it shrugged off concerns over the economic backdrop. It now expects net revenue between $235…
US: S&P 500, Nasdaq open lower as investors eye trade developments, earnings
The S&P 500 and the Nasdaq fell at the open on Tuesday (Apr 29), while the Dow was flat as investors assessed a mixed bag of corporate earnings and the latest developments in the…
Wilmar reports higher earnings for Q1 2025 on better performance from business segments, associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a bourse filing on Tuesday (Apr 29). Revenue for Q1…
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell heavily amid difficult market conditions…
Asia: Markets rise as traders gear up for earnings, key jobs data
Markets edged up on Tuesday after a largely positive day on Wall Street with investors eyeing a busy week of data and earnings releases that could provide clues about the effects of Donald…
US: Stocks open higher as busy week for earnings, data kicks off
[new york] Wall Street’s main indexes opened slightly higher on Monday (Apr 28), as investors braced for a week packed with key economic data and earnings from some top companies,…
Google says will buy back US$70 billion in shares, posts earnings beat
[BENGALURU/SAN FRANCISCO] Google parent Alphabet said it would buy back US$70 billion worth of shares as it reported first-quarter profit above Wall Street expectations on Thursday (Apr…
US: S&P 500 edges higher with trade negotiations, earnings in focus
The S&P 500 edged up at the open on Thursday (Apr 24), as investors assessed a bevy of mixed corporate results and developments in the US-China trade war. The Dow Jones Industrial…
Netflix Q1 Earnings Preview: Wall Street Expects Solid Results, Sees Stock as Safe Haven Amid Potential Economic Downturn
Netflix, which financial analysts have crowned the undisputed subscription-streaming leader, kicks off the media and entertainment sector’s Q1 earnings this week. Wall Street anticipates…
Brunello Cucinelli Posts Growth in Q1, Cites Solid Upward Trend in April
MILAN — Even in an economic downturn, Brunello Cucinelli seems to stay in style. In its first-quarter results, the Solomeo-based company showed that sales momentum shows no signs of…
Buybacks surge as corporate earnings season nears end
OVER the five trading sessions from Feb 21 to Feb 27, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$265 million, compared to the S$217…
Australia’s Star Entertainment expects rescue offers, warns earnings may miss deadline
AUSTRALIAN cash-strapped casino operator Star Entertainment said it expects to receive bailout offers on Friday but warned it might not be able to file its first-half earnings which should…
Asian chip shares tumble on Nvidia earnings, tariff fears
A POOR market reception of Nvidia’s earnings and the spectre of additional US tariffs have knocked down Asian chip stocks, dragging Japan’s tech-heavy Nikkei average down to its lowest…