Tag: Earnings
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...
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...
Streaming revenue boosts ViacomCBS Q1 results
ViacomCBS's first-quarter net income beat expectations on strong streaming revenue during a quarter when the company aired the Super Bowl and introduced its rebranded...
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...
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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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...
CVS ups outlook after a slow start to the year
The Associated Press — CVS Health beat Wall Street expectations and after releasing projections earlier this year that disappointed analysts, a new outlook Tuesday...
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,...