Results Forecasts / Warnings

Zoom forecasts sales surge as video conferencing becomes a daily routine

Zoom forecasts sales surge as video conferencing becomes a daily routine

Published 31/08/2020

(Reuters) - Zoom Video Communications Inc raised its annual revenue forecast by more than 30% after comfortably beating quarterly estimates on Monday as it converts [more…]

China’s Geely Automobile trims full-year sales outlook after profit plunge

China’s Geely Automobile trims full-year sales outlook after profit plunge

Published 17/08/2020

SHANGHAI (Reuters) - Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares [more…]

K-Pop group BTS’ label Big Hit posts profit as it prepares for IPO

K-Pop group BTS’ label Big Hit posts profit as it prepares for IPO

Published 15/08/2020

(This August 13 story corrects to show that 2019 and 2020 H1 results are based on different accounting standards in paragraph 3, changes percentage change [more…]

Top U.S. mall operator Simon faces pandemic pain

Top U.S. mall operator Simon faces pandemic pain

Published 10/08/2020

(Reuters) - Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to [more…]

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Published 10/08/2020

DUBAI (Reuters) - State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and [more…]

Ferrari trims full-year outlook after second-quarter earnings skid

Ferrari trims full-year outlook after second-quarter earnings skid

Published 03/08/2020

MILAN (Reuters) - Luxury carmaker Ferrari (RACE.MI) trimmed its full-year earnings forecast on Monday after second-quarter income plunged due to supply chain and production disruptions [more…]

Qualtrics float would be ‘win-win’ proposition: SAP CEO

Qualtrics float would be ‘win-win’ proposition: SAP CEO

Published 27/07/2020

BERLIN (Reuters) - SAP’s (SAPG.DE) plans to float online sentiment tracking business Qualtrics would be a “win-win” proposition, CEO Christian Klein said on Monday, as [more…]

Huawei cuts India revenue target by up to 50%, laying off staff: ET

Huawei cuts India revenue target by up to 50%, laying off staff: ET

Published 27/07/2020

(Reuters) - Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more [more…]

Exclusive: Global banks scrutinize their Hong Kong clients for pro-democracy ties – sources

Exclusive: Global banks scrutinize their Hong Kong clients for pro-democracy ties – sources

Published 20/07/2020

HONG KONG (Reuters) - Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt [more…]

EU leaders show first signs of compromise on stimulus plan

EU leaders show first signs of compromise on stimulus plan

Published 20/07/2020

BRUSSELS (Reuters) - Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus [more…]