Tag: Earnings reports
COVID-vaccine maker BioNTech reports $1.37B profit in Q1
BERLIN — German pharmaceutical company BioNTech reported a net profit of 1.13 billion euros ($1.37 billion) in the first quarter of this year on...
China propels BMW to strong profits, Germany lags
FRANKFURT, Germany — Booming sales in China helped propel German luxury carmaker BMW to stronger profits in the first three months of the year...
Beyond Meat falls short of Q1 forecasts due to lower prices
Plant-based meat company Beyond Meat posted a first-quarter loss Thursday after higher sales were offset by marketing costs and lower prices.
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Volkswagen profits jump as China leads pandemic rebound
FRANKFURT, Germany — Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as...
Strong sales from Tapestry, Lee maker show clothing rebound
Strong sales results from Coach's parent as well as from the maker of Wrangler and Lee jeans offer the latest evidence that shoppers' spending...
Stellantis CFO: Chip shortage impact remains ‘controlled’
MILAN — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported Wednesday a 14% increase in...
GM profit surges to $2.98B on sales of higher-margin trucks
Detroit — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on...
Pfizer ups expectations for the year
Pfizer is raising its revenue expectations for the year with a huge roll out of its COVID-19 vaccine as well as strong performances from...
Ferrari 1Q profits rebound, postpones 2022 targets
MILAN — Italian luxury sportscar maker Ferrari announced Tuesday that it won’t hit 2022 financial targets due to the impact of the coronavirus pandemic,...
Budget carrier flydubai posts $194M loss due to pandemic
DUBAI, United Arab Emirates — Dubai's budget carrier flydubai reported Sunday a loss of $194 million in 2020 as revenue fell by more than...