All articles tagged with #profit increase
Goldman Sachs reported a 37% increase in third-quarter profit to $4.1 billion, surpassing analyst expectations, driven by strong performance in trading, dealmaking, and asset management, although shares slightly declined in premarket trading.
Jefferies reported a 34% rise in profits, driven by a resurgence in Wall Street deals, indicating strong financial performance and increased activity in the investment banking sector.
Carnival (CCL) is expected to report strong Q3 earnings driven by high demand and higher profits, with an anticipated 15% upside in its stock price.
Ryanair is considering increasing staff bonuses for catching passengers with oversized bags to reduce delays and enforce baggage rules, amid a significant profit rise driven by higher fares and Easter timing, with plans to adjust baggage size standards in line with EU regulations.
Levi Strauss reported strong Q2 FY25 results with a 6% increase in net revenues to $1.45 billion, driven by broad-based growth and margin expansion, leading to an improved outlook for FY25 and a significant rise in net income and earnings per share, especially in Europe and direct-to-consumer channels.
Adidas shares surged 8.2% after the company raised its full-year guidance and reported a first-quarter profit increase, with operating profit expected to reach around 700 million euros. The firm anticipates additional sales of around 200 million euros from the remaining Yeezy inventory. Despite unfavorable currency effects, Adidas is optimistic about revenue growth and is banking on partnerships with major sporting events to drive momentum.
United Airlines has reported its highest ever quarterly earnings, driven by strong demand for international travel. The company has raised its full-year profit outlook and expects a 10%-13% year-on-year increase in revenue for the third quarter. Ticket sales for U.S. carriers are booming despite rising living costs, with international bookings particularly strong following the lifting of pandemic-related restrictions. United Airlines plans to capitalize on this demand by expanding its Pacific coverage with new flights to Manila, Hong Kong, Taipei, and Tokyo.
United Airlines has reported its highest ever quarterly earnings, driven by strong demand for international travel. The company has raised its full-year profit outlook and expects a 10%-13% year-on-year increase in revenue for the third quarter. International bookings have surged following the lifting of pandemic-related restrictions, with searches for summer travel to Europe up 55% from last year. United Airlines plans to capitalize on this demand by expanding its Pacific coverage with new flights to Manila, Hong Kong, Taipei, and Tokyo. The company's adjusted second-quarter profit came in at $5.03 per share, surpassing analysts' expectations.
Monolith Soft, a subsidiary of Nintendo, has reported a 97.8% increase in profits for the fiscal year ending in March 2023, making around 800 million yen in profits. Known for titles like Xenosaga and Baten Kaitos, Monolith Soft recently developed Xenoblade Chronicles 3 and contributed to games like Splatoon 3 and The Legend of Zelda: Tears of the Kingdom. Xenoblade Chronicles 3 features a new Interlink system and class change option, and is now available for Nintendo Switch.
Cal-Maine Foods, the country's top egg producer, reported a 718% increase in quarterly profit, reaching $323 million due to higher average selling prices and favorable demand caused by bird flu. Some call for windfall profits taxes during such unusual external forces. Consumers pay the price as companies ride market trends higher without doing anything special or innovative to enhance shareholder value.
The largest US egg producer, Cal-Maine Foods, reported a more than 700% increase in profits due to a 60% rise in egg prices over the past year. The company's CEO attributed the price increase to a combination of factors, including increased demand and supply chain disruptions caused by the pandemic. Some in the poultry industry are trying to cut costs to offset the high prices.