RESULTS

Ferrari slowed by coronavirus, but not driven off course

Ferrari slowed by coronavirus, but not driven off course

Published 04/05/2020

MILAN (Reuters) - Luxury sports car maker Ferrari (RACE.MI) still expects to make more than $1 billion in core profit this year, providing a relative [more…]

Tyson Foods says coronavirus will continue to limit U.S. meat supply

Tyson Foods says coronavirus will continue to limit U.S. meat supply

Published 04/05/2020

(Reuters) - Tyson Foods Inc expects to continue idling meat plants and slowing production because of the new coronavirus, the company said on Monday, signaling [more…]

Adidas misses forecasts with 93% profit plunge, warns on sales

Adidas misses forecasts with 93% profit plunge, warns on sales

Published 27/04/2020

BERLIN (Reuters) - Adidas (ADSGn.DE) reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, and warned of a deeper hit to [more…]

Bayer more stringent in glyphosate settlement talks due to downturn

Bayer more stringent in glyphosate settlement talks due to downturn

Published 27/04/2020

FRANKFURT (Reuters) - German drugs and pesticides company Bayer said the economic downturn has prompted it to take a tougher stance in talks to settle [more…]

IBM sees shift in client spend priorities, withdraws annual forecast

IBM sees shift in client spend priorities, withdraws annual forecast

Published 20/04/2020

(Reuters) - International Business Machines Corp’s (IBM.N) clients have shifted priorities toward saving capital in recent weeks because of COVID-19, hitting software sales in particular, [more…]

India’s Infosys suspends FY revenue forecast on coronavirus blow

India’s Infosys suspends FY revenue forecast on coronavirus blow

Published 20/04/2020

BENGALURU (Reuters) - India’s Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business [more…]

Solid chip sales unlikely to cushion Samsung’s virus-hit first quarter profit

Solid chip sales unlikely to cushion Samsung’s virus-hit first quarter profit

Published 05/04/2020

SEOUL (Reuters) - The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers [more…]

China’s big banks flag asset pressure due to virus, boding ill for smaller kin

China’s big banks flag asset pressure due to virus, boding ill for smaller kin

Published 30/03/2020

BEIJING/SHANGHAI (Reuters) - China’s largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down [more…]

China’s Geely warns of virus headwind after 35% 2019 profit drop

China’s Geely warns of virus headwind after 35% 2019 profit drop

Published 30/03/2020

BEIJING (Reuters) - China’s Geely Automobile Holdings Ltd (0175.HK) on Monday said 2020 may be “amongst the most difficult years” in its history, as pressure [more…]

Coronavirus expected to hurt U.S. earnings harder and longer

Coronavirus expected to hurt U.S. earnings harder and longer

Published 02/03/2020

NEW YORK (Reuters) - The hit to U.S. corporate earnings from the coronavirus epidemic is getting harder and messier to predict. Wall Street strategists have [more…]