Heineken Backs Views Despite Seeing Weaker Demand
Heineken reported a third-quarter revenue of EUR8 billion, missing consensus forecast, but backed its 2023 guidance of stable to mid-single digit organic growth in operating profit.
Deutsche Bank Anticipates Accelerated Shareholder Returns
Deutsche Bank said it anticipated being able to accelerate and expand shareholder returns to 2025 and beyond after third-quarter revenue rose 3% but net profit fell on rising costs and taxes.
Santander Sees 2023 Targets on Track
Santander said it remained on track to meet its 2023 targets after it posted third-quarter earnings above forecast, with income from higher interest rates boosting its top line.
Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud Demand
The company’s partnership with OpenAI has helped power new artificial-intelligence businesses.
Google’s Cloud Sales Disappoint as Advertising Rebounds
Parent company Alphabet reports an 11% increase in revenue, driven by strength in search-engine ads.
Kering Sales Miss Forecasts Amid Luxury Industry Slowdown
The owner of Gucci and Yves Saint Laurent posted revenue of EUR4.46 billion in the third quarter, below analysts’ forecasts of EUR4.52 billion.
Kokusai Electric Shares Rise on Trading Debut
Kokusai Electric shares rose sharply on their debut in Tokyo following an $830 million initial public offering.
Exxon, Chevron Look to West in Uncertain World
The two largest Western crude producers are focusing their investments closer to home as the world gets more dangerous.
Bud Light Replaces Rival Modelo in UFC Sponsorship Deal
UFC named Bud Light as its new official sponsor, replacing Modelo which had the rights of the league until 2024.
Visa’s outlook comes in better than feared, but stock dips after earnings
Visa reported quarterly results Tuesday that topped Wall Street views, but its shares were headed lower in the extended session.
Source: Dow Jones Newswires