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Unilever Nigeria reported a nine-month net profit of about US$19.9 million on 23 October, up 20%, and declared a US$8.7 million interim dividend. The post Unilever Nigeria Profit Rises 20% to US$20M appeared first on The Rio Times.
Chinese miner CMOC Group Ltd.’s earnings for the first nine months of the year surged 68% as copper prices soared toward a record.
Rogers Communications Inc. beat analyst earnings expectations on gains from sports assets, but the company’s core wireless business is still struggling to find growth.
Volvo AB said good momentum in North America and Europe helped deliver solid earnings during the third quarter with the truckmaker planning to gradually increase production.
Dow Inc. said it expects earnings in its largest business to almost double in the fourth quarter from a year earlier.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Wei Li, BlackRock Global Chief Investment Strategist; Joseph Pinto, M&G Asset Management CEO (Source: Bloomberg)
Brazil's Selic stays at 13.75% with no rate meeting this week. Bradesco reports today and inflation data lands Friday, steering B3 before the open. The post Brazil Stocks Slip 0.9% Before Bradesco Earnings | Morning Call, Oct 22 appeared first on The Rio Times.
Guyana's oil fund took in about US$3.88 billion in nine months, with US$1.89 billion in the third quarter, the Bank of Guyana's reports show. The post Guyana Oil Earnings Reach US$3.88 Billion appeared first on The Rio Times.
General Motors Co. shares fell as shareholders focused on a narrower profit outlook despite plans for another $20 billion in stock repurchases. The company now sees 2026 adjusted earnings before interest and taxes in a range of $14.5 billion to $15.5 billion, compared with the $14 billion to $16 billion range it projected in July. Bloomberg's Craig Trudell joins to discuss. (Source: Bloomberg)
The US earnings season is off to a poor start, according to Wells Fargo & Co.
US stock futures rose and oil edged lower as traders prepared for a packed week of corporate earnings and Chinese economic data against a backdrop of heightened geopolitical risks.
Anna Edwards, Guy Johnson, Tom Mackenzie and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
On this episode of Stock Movers: - BlackRock (BLK) shares are responding to this morning's earnings. BlackRock reported assets under management that met the average analyst estimate and adjusted EPS and Sales beat estimates. - ASML (ASML) shares are rising this morning after the company said it's searching for ways to produce more chip-making machines over the next two years due to soaring artificial intelligence spending. ASML said its current supply plans mean it won’t be able to fully meet demand in 2027 and 2028, and it's investigating ways to increase capacity for 2028 beyond the 30% increase previously communicated. (Source: Bloomberg)
Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% and equity trading down 10%. Chris Marinac, director of research at Brean Capital, examines the results on “Bloomberg Surveillance.” (Source: Bloomberg)
Market strategists predict that the earnings season just kicking off in Europe will be a blockbuster one, with sectors including technology and energy taking the lead in beating profit estimates across the continent.
Energy companies are poised to lead European earnings growth for a third straight quarter, as elevated energy prices stemming from the conflicts in the Middle East and Ukraine bolster profits across the sector.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
Four of Wall Street's biggest banks reported earnings on Tuesday morning. JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. set a fresh record for how much they earned from lending. Herman Chan of Bloomberg Intelligence has more. (Source: Bloomberg)
UnitedHealth Group raised its profit outlook for the year after reporting better-than-expected earnings in the third quarter, with adjusted earnings per share for the year expected to be at least $20.50. Madison Muller has more on "Bloomberg Open Interest." (Source: Bloomberg)
Seema Shah of Principal Asset Management sees opportunity in bank stocks despite recent weakness. She says earnings, consumer health and the yield curve will be key, with a steeper curve potentially creating a more attractive entry point. She spoke on Bloomberg Brief. (Source: Bloomberg)
Bloomberg Intelligence Senior US Banks Analyst Herman Chan tells Bloomberg This Weekend that major banks enter third-quarter earnings season with strong credit quality but face questions about the impact of higher interest rates, slowing investment banking activity and potential risks tied to AI financing. Speaking with hosts David Gura and Christina Ruffini, Chan says wealth management could be a bright spot for banks including Morgan Stanley and JPMorgan, while investors will also be watching for signs of credit deterioration and updates on executive succession plans. (Source: Bloomberg)
PNC Asset Management Chief Investment Officer Amanda Agati tells Bloomberg This Weekend that strong corporate fundamentals and resilient consumer spending could support US stocks as investors head into third-quarter earnings season. Speaking with hosts David Gura and Christina Ruffini, Agati says investors will be watching for evidence that AI investment is generating returns beyond the largest technology companies, while strong US earnings growth keeps her favoring domestic equities over developed international markets. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Jess Menton. (Source: Bloomberg)
On this episode of Stock Movers: - PepsiCo (PEP) shares are lower after the company decreased its profit outlook, with its recovery in North America taking longer than expected. PepsiCo faces higher costs in North America that are weighing on margins, and will be raising some prices in the coming months after cutting prices on some marquee brands earlier this year. - Microsoft (MSFT) shares are following news the company's Xbox unit is formalizing its film and TV foray with a new division called XP to expand its franchises into other media. - Levi Strauss (LEVI) is lower after it posted the slowest growth in its direct-to-consumer channels since late 2022, in part due to a marketing misstep. The company expects direct-to-consumer growth for the current quarter to increase by a mid-single digit, after changing its marketing to focus on low-rise jeans. (Source: Bloomberg)
On this episode of Stock Movers: - Constellation Brands (STZ) is lower after the maker of Modelo Especial and Corona Extra reaffirmed its comparable earnings per share forecast for the full year. The company also announced the acquisition of SpikedAde, a vodka-based drink brand. - SpaceX (SPCX) shares are lower this morning as Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia. SpaceX’s fundraising discussions are in an early stage and could end without a deal being completed, with Pacific Investment Management Co. and Apollo Global Management Inc. involved. - Intel (INTC) shares are higher as CEO Lip-Bu Tan said the company will continue working with Elon Musk on Terafab. (Source: Bloomberg)
Samsung Electronics Co.’s earnings will test whether it can convince investors of its long-term outlook, an increasingly critical task as record profits have failed to reinvigorate the stock.
A record-breaking rally on Wall Street may set the tone for Asian markets as traders focus on earnings, even as elevated oil prices threaten to keep interest rates and global bond yields higher for longer.
New York’s trading and investment-banking firms are poised to deliver record earnings for the industry with profit on pace to exceed $90 billion and bonuses expected to reach an all-time high. Herman Chan of Bloomberg Intelligence has more. (Source: Bloomberg)