Bhinneka News Online: Reuters Before the Bell: Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low

Wednesday 24 April 2019

Reuters Before the Bell: Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low

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Wednesday, April 24, 2019

Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low

Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with alliance partner Renault SA.

European shares hit highest since August on Credit Suisse, SAP

World shares pared back losses on Wednesday as positive earnings in Europe from Credit Suisse and investor support for SAP helped soothe worries that China has put broader stimulus on hold.

Nasdaq first-quarter profit surges 40% on tech unit

Nasdaq Inc reported a 39.5% jump in first-quarter profit on Wednesday as a pickup in the exchange operator's non-transactional businesses, including market technology, overshadowed a softer trading environment.

Boeing profit falls 21 percent after 737 MAX groundings

Boeing Co reported a 21 percent fall in first-quarter profit on Wednesday and suspended its 2019 outlook as the world's largest planemaker worked to get its 737 MAX jets back in the air after two deadly accidents.

Caterpillar raises 2019 profit outlook on tax gain

Caterpillar Inc raised its full-year profit forecast on Wednesday as it booked a tax gain in the first quarter stemming from the overhaul of U.S. tax laws.

Occidental offers to buy Anadarko in $57 billion deal, topping Chevron

Oil and gas producer Occidental Petroleum Corp sought to scuttle Chevron Corp's $50 billion takeover of Anadarko Petroleum Corp with a $57 billion bid.

Domino's same-store sales at company-owned U.S. outlets miss estimates

Domino's Pizza Inc missed Wall Street estimates for quarterly same-store sales growth in the United States on Wednesday, hurt by growing competition from food delivery startups and rival pizzerias.

Anthem beats earnings estimates, raises 2019 profit forecast

Anthem Inc's first-quarter profit beat Wall Street estimates on Wednesday as it reined in expenses, and the U.S. health insurer raised its earnings forecast for the year.

Credit Suisse lifts profit with surprise equity trading gains

Credit Suisse set a positive tone for this quarter's European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue.

AT&T misses quarterly revenue estimates

AT&T Inc missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers.