Tag Archives: profit

German automaker Mercedes-Benz has issued a profit warning, attributing the decline to a significant weakening of demand in the Chinese market. This announcement has caused a sharp drop in the company’s share price.The company has revised its full-year profit outlook downward, citing a “further deterioration” of Chinese consumer demand. The …

Mercedes-Benz (MBGn.DE) raised its full-year profit forecast on Wednesday as strong demand for luxury cars and cost savings offset the supply chain bottlenecks that have hampered industry output this year. The German automaker said it now expected group earnings to rise at least 15% this year, compared with a previous …

A widely anticipated crypto regulation was unveiled on Tuesday. The draft law provides some long awaited clarity for crypto markets and provided definitions for most digital assets as commodities, giving most of the oversight to the Commodity Futures Trading Commission.Known as the Responsible Financial Innovation Act, the draft law was …

JPMorgan Chase & Co’s (JPM.N) Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation, after first-quarter profits at the largest US bank slumped 42%.JPMorgan had reported record profit during the first quarter last year, benefiting from a dealmaking boom after the Federal …

Shares in electric car maker Tesla rose nearly 10% Monday, on the overall market recovery. CNBC reported that Tesla’s stock had previously fallen nearly 20% in January, amid selling. Stocks came under pressure, especially after CEO Elon Musk said that Tesla will not offer any new model cars to customers …

Tesla stock dropped after the company reported better-than-expected earnings for Q4. But the automaker’s fourth-quarter results might not be good enough for investors. Tesla today reported stronger-than-expected fourth-quarter results, but the company’s stock fell slightly in post-closing trading after the automaker warned that supply chain problems could persist throughout 2022. …

Tesla stock dropped after the company reported better-than-expected earnings for Q4. But the automaker’s fourth-quarter results might not be good enough for investors.Tesla reported earnings of $2.54 a share in the fourth quarter from $17.7 billion in sales Tesla reported earnings for Q4 after the close on Wednesday. Earnings per …

Novatek, Russia’s largest liquefied natural gas producer, said Wednesday, July 28, that its net profit more than doubled to 99.3 billion rubles ($1.35 billion), citing a recovery in oil and gas prices and production volumes. Revenue jumped 83.7% to 264.5 billion rubles.