The Dow skid 1,008 points on Friday, marking its biggest pullback in more than three months, as stocks sold off sharply after Federal Reserve Chairman Jerome Powell warned of the Read more
Tag: posts
German Business Sentiment Posts Small Decline in August
By Maria Martinez Business confidence in Germany worsened slightly in August as companies turned more pessimistic due to rising energy costs and the threat of gas shortages. The Ifo business-climate Read more
Fox posts higher revenue on ad sales strength
Fox Corp. FOXA, +4.43%’s sales rose 5% in the recently ended quarter as the advertising market showed signs of strength despite macroeconomic worries. The company posted revenue of $3.03 billion for Read more
Vestas posts bigger-than-expected loss, but backs guidance
Vestas Wind Systems AS on Wednesday posted a bigger-than-expected second-quarter net loss as a delayed U.K. offshore project hit turbine deliveries while supply-chain disruptions and cost inflation weighed on earnings. Read more
Tokyo Electron shares slump after it posts 12% drop in Q1 net profit
Tokyo Electron Ltd.’s 8035, -8.25% shares fell sharply Tuesday morning after the maker of semiconductor production equipment posted a 12% drop in its first quarter net profit due partly to Read more
NEC Corp. shares slump after it posts first-quarter net loss
NEC Corp. 6701, -7.47% shares fell sharply Friday morning, after the Japanese information-technology company posted a first-quarter net loss, citing weaker capital expenditures by client communications companies. The shares were Read more
South Korea posts stronger-than-expected Q2 growth
South Korea posted stronger-than-expected growth in the second quarter as a solid recovery in private consumption and government spending offset weakness in exports and business investment. Gross domestic product grew Read more
SAP posts higher revenue, but lowers annual forecast as Russia’s war in Ukraine harms profit
SAP SE on Thursday posted higher revenue for the second quarter as its cloud business continued to grow, but the war in Ukraine harmed operating profit, prompting the German business-software Read more
Nokia posts forecast-beating profit, lifts full-year sales guidance
Nokia Corp. on Thursday posted a forecast-beating second-quarter net profit as demand for mobile networks and network infrastructure remained strong, despite continuing supply chain constraints. The component supply situation remains Read more
SAP posts higher revenue, but lowers annual forecast as Russia’s war in Ukraine harms profit
SAP SE on Thursday posted higher revenue for the second quarter as its cloud business continued to grow, but the war in Ukraine harmed operating profit, prompting the German business-software Read more