Unilever Plc's shares declined around 4 percent in the morning trading in London after the Anglo-Dutch consumer goods giant reported Thursday lower sales in its third quarter, mainly reflecting negative currency and weak performance in foods segment and European region. Underlying sales, however, grew 2.1 percent with volume growth of 0.3 percent and pricing growth of 1.8 percent.
Diversified miner Anglo American Plc. (AAUKY.PK, AAL.L) Thursday reported increased production of iron ore for the third quarter, and upped its full-year production forecast for the metal.
Swiss banking giant Credit Suisse Group Thursday said its third-quarter profit more than doubled from last year, as revenues increased mainly due to higher net revenues in Investment Banking and stable net revenues in Private Banking & Wealth Management.
French telecom giant Orange SA (ORAN), previously known as France Telecom, Thursday reported lower Earnings Before Interest, Tax, Depreciation and Amortization or EBITDA and decreased revenues for the third quarter. However, operating costs declined significantly. The company also backed its full-year profit forecast.
German car giant Daimler AG reported Thursday a 49 percent jump in its third-quarter profit, boosted by a one-time gain, as well as higher revenues and unit sales mainly in Mercedes-Benz Cars division, despite weak domestic revenues. Further, the company maintained its fiscal 2014 forecast for significant growth in EBIT, a key earnings metric, revenues and unit sales.
Nokia Corp. (NOK), which sold its flagship mobile phone business to Microsoft Corp. (MSFT), Thursday reported a profit for the third quarter, compared to a loss last year.
AT&T reported a 21 percent decline in third-quarter profit, hurt by merger costs and other expenses that offset a near 3 percent climb in revenue, with results coming in short of Wall Street estimates. The telecommunications company slashed its revenue guidance for the full year, citing lesser-than-expected subscriber additions for its no-contract Next wireless plans.
Enterprise software maker Citrix Systems Inc. (CTXS), Wednesday reported a drop in profit for the third quarter, hurt largely by a charge related to a patent lawsuit even as revenues grew 6 percent. Earnings for the quarter came in ahead of Wall Street estimates, but revenues fell short of expectations.
Information technology management software maker CA Technologies, Inc. (CA) said Wednesday that its second quarter profit rose 7.7% from last year, as better cost control and an income tax benefit more than offset a slight decrease in revenue.
The company's quarterly earnings per share, excluding...
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory.
U.S. crude oil plummeted to end sharply lower on Wednesday, after a weekly oil report from the U.S. Energy Information Administration showed crude oil inventories to have surged nearly three times more than expected last week, with renewed concerns over excess supply globally.
Earlier today, a weekly...
Stocks have turned lower over the course of the trading day on Wednesday after moving modestly higher earlier in the session. The major averages have pulled back well off their highs for the session and into negative territory.
Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday.
Gold futures snapped a two-day gain to end lower on Wednesday, as the dollar trended higher against a select band of currencies after some encouraging data from the U.S. showed inflation to have risen marginally in September, even as investors anticipate a fresh round of stimulus from the European Central...
After initially showing a lack of direction, stocks have moved modestly higher over the course of the trading day on Wednesday. Buying interest has remained relatively subdued, however, limiting the upside for the markets.