Germany’s Siemens Energy Nearly Triples Quarterly Profit MUNICH, Feb 11 (Bernama-dpa) — Siemens Energy nearly tripled its profit in the first quarter of its financial year, the German energy technology company said on Wednesday, reported German Press Agency (dpa). In the October-to-December period, the company posted net income of €746 million (US$889 million) — almost three times as much as in the same period a year earlier. The result was achieved despite a negative one-off effect related to the sale of its wind power business in India, which weighed significantly on earnings. “We have made a very strong start to the financial year,” chief executive Christian Bruch […]

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BYD’s shares slide after steep fall in quarterly profit HONG KONG (Reuters) -Shares in electric vehicle maker BYD slid on Monday after it reported quarterly profit fell for the first time in more than three years, with analysts saying its competitive advantage was being eroded by Chinese government efforts to stop a price war. Net profit at the world’s biggest EV producer tumbled 30% in the second quarter to 6.4 billion yuan ($895 million) from a year earlier, it reported. That followed a doubling of profit in the first quarter. Its Hong Kong-listed shares closed 5.2% lower, after an 8% drop at the open, which was its biggest one-day percentage decline since May 26. Its Shenzhen-listed shares fell 3.8%. BYD has grown its sales rapidly in recent years by leveraging its vertically integrated supply chain to fund aggressive price cuts and lead a years-long price war in China’s auto sector. But Chinese authorities, worried about the health of the sector, have ordered automakers to stop the price cuts. Jefferies analysts said BYD’s "surprising underperformance" stemmed from "a confluence of lackluster sales momentum and structural headwinds eroding its once-formidable competitive moat." Their note published on Sunday said they were cutting their 2025-2027 earnings forecast for BYD to reflect this. "In short, BYD’s ’gravy train’—fueled by scale, cost cuts, and tech leadership — has lost speed. Until it regains momentum, underperformance looks likely." Citi analysts said in a client note that BYD’s net profit missed a consensus estimate of 7-9 billion yuan and their forecast of 10.3 billion yuan. They noted that price cuts made during the period had failed to improve sales sufficiently and that BYD had paid a 1 billion yuan special incentive to dealers during the period. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. ($1 = 7.1529 Chinese yuan) Most investors will find it hard to answer that question with total confidence. Short of a guarantee, which no one can give you, the most successful traders stick to proven best practices without letting hype or hyper-vigilance take over their better judgment. But that doesn't mean you can't use smart shortcuts. If you're considering 1211, try chatting with WarrenAI, our powerful AI financial assistant. It's just like ChatGPT for investors, but with access to 10 years of company data, a built-in screener, Wall Street analysts' reports, and earnings call transcripts for real-time, vetted insights. Even if you end up going with your gut feeling, at least you'll know why.

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BPCL shares drop as quarterly profit misses estimates Investing.com -- Bharat Petroleum Corporation Limited shares fell in Mumbai on Monday, declining as much as 1.8% and heading for a third consecutive day of losses after the state-run oil marketing company reported quarterly profits below analyst expectations. The company’s net income reached 61.2 billion rupees, doubling from 30.1 billion rupees in the same period last year. However, this figure fell short of the 66.77 billion rupees projected by Bloomberg Consensus estimates. BPCL’s weaker-than-expected performance was primarily attributed to disappointing refining results. The company reported refining margins of $4.88, representing a 38% year-over-year decline and significantly below the estimated $6.78. Revenue for the quarter stood at 1.3 trillion rupees, showing a modest increase of 1.6% compared to the same period last year. Meanwhile, total costs decreased by 2.4% year-over-year to 1.22 trillion rupees. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in BPCL, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is BPCL one of them?

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Railroad operator Union Pacific’s quarterly profit rises (Reuters) -Union Pacific reported a rise in its second-quarter profit on Thursday, powered by robust demand for bulk and industrial shipments through multiple modes of transportation. The company’s bulk shipments, which consists of grain products, fertilizer, coal and renewables, accounted for 32% of total freight revenues in 2024. Union Pacific (NYSE:UNP), seen as a bellwether for the U.S. economy, has, however, benefited from strong volumes in its grain and grain products segments following a strong harvest season. The company’s quarterly profit rose to $3.15 per share, from $2.74 per share, a year earlier. The West Coast rail giant has reportedly been in early-stage talks with its East Coast peer, Norfolk Southern (NYSE:NSC), to explore a cross-continental railroad merger, possibly creating a single-line network stretching from coast to coast.

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Freeport-McMoRan beats quarterly profit on higher copper and gold prices (Reuters) -Miner Freeport-McMoRan (NYSE:FCX) beat Wall Street estimates for second-quarter profit on Wednesday, as higher copper and gold prices helped offset lower production. The company’s shares rose 1.6% to $40.54 in pre-market trade. The results come against the backdrop of U.S. President Donald Trump’s threat to impose a 50% tariff on copper imports, from August 1. Freeport could be a big beneficiary, seeing as much as $1.6-billion boost to annual profit, given its position as the largest U.S. producer with more expansion options than rivals. Following the announcement, COMEX copper prices jumped roughly 25% above global benchmarks, widening the price spread between domestic and international markets. Freeport, which supplies about 70% of U.S. refined copper, said it expects to sell 1.3 billion pounds from its domestic mines in 2025. The company said U.S. tariffs in effect and announced so far have not had a material impact on second-quarter, but warned of a roughly 5% increase in the cost of U.S. purchases if suppliers pass along tariff-related expenses. Quarterly average realized price for copper was $4.54 per pound, up 1.3% from a year earlier, while average realized price for gold was $3,291 per ounce, up about 43%. The company reported an adjusted profit of 54 cents per share for the three months ended June 30, compared with analysts’ average estimate of 45 cents, according to data compiled by LSEG.

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LG Electronics forecasts sharp drop in Q2 profit amid market challenges Investing.com -- LG Electronics has forecast that its quarterly operating profit will nearly halve compared to the same period last year, falling short of market expectations and causing its shares to drop sharply on Monday. The South Korean consumer-electronics company projected its operating profit for the April-June period could decrease by 47% to 639.10 billion won ($469.1 million). This figure is significantly below the 901.07 billion won that analysts had expected, according to a FactSet-compiled consensus estimate. LG also predicted its revenue would fall by 4.4% to 20.740 trillion won in the second quarter, which is a larger decline than analysts had anticipated. The company attributed the disappointing performance to higher U.S. tariffs and intensified market competition. "The slowdown reflects continued weakness in consumer sentiment across major markets and an increasingly challenging external environment," LG said in a statement. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in 066570, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is 066570 one of them?

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HSBC quarterly profit drops 25%; launches $3 bln buyback and flags tariff risks Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Las Vegas Sands beats quarterly profit estimates on strong Singapore business (Reuters) - Casino (EPA:CASP) operator Las Vegas Sands (NYSE:LVS) surpassed analysts’ expectations for first-quarter profit on Wednesday, as strong demand from its Singapore business offsets stalling market growth in Macao. The company says market growth in Macao has softened in the current environment, as revenue from its Macao operations fell to $1.71 billion in the quarter, from $1.81 billion a year earlier. The company’s Singapore operations, however, increased in revenue to $1.16 billion from $1.15 billion previously. "Our new suite product and elevated service offerings position us for additional growth as travel and tourism spending in Asia expands," CEO Robert Goldstein said. The Las Vegas, Nevada-based company has been seeing slowing growth in its integrated resorts and casino business from its Macao properties since its previous quarters, including the Venetian Macao, which has historically been a major contributor to its net revenue. Las Vegas Sands operates integrated resorts and casino business, such as Marina Bay Sands in Singapore, and six properties in Macao. Total revenue for the quarter was $2.86 billion, below the analysts’ average estimate of $2.89 billion.

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NVR posts fall in quarterly profit as weak housing prices hit margins Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Equifax’s quarterly profit lifted by better-than-expected mortgage business Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Progressive’s quarterly profit jumps on robust auto insurance demand Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Walgreens’ quarterly profit beats ahead of Sycamore Partners deal close Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Lennar posts lower quarterly profit on sustained market weakness Lennar Corp (NYSE:LEN) reported lower first-quarter profit on Thursday, as high mortgage rates and house prices deterred potential buyers, sending shares down 4% after the bell. "While demand remains strong, persistently higher interest rates and inflation, combined with a downturn in consumer confidence and a limited supply of affordable homes, made it increasingly difficult for consumers to access homeownership," said co-CEO Stuart Miller. For the first quarter ended February 28, Lennar reported a decline in average sales price to $408,000, 1% lower than last year, reflecting continued weakness in the market. It also reported home sales gross margins of 18.7% in the first quarter, below its forecast range of 19.0% to 19.25%. The lack of affordable entry-level housing for families has consistently been a major challenge in the U.S. economy and has routinely pushed potential first-time homebuyers out of the market. Homebuilders have ramped up incentives such as interest rate buydowns and price adjustments to attract potential buyers and avert inventory buildup, which has reduced their margins. Including losses of $62.5 million incurred on technology investments, Lennar posted a quarterly profit of $1.96 per share, compared with $2.57 a year ago. The second-largest U.S. homebuilder reported first-quarter revenue of $7.6 billion, a 5% rise from the previous year, surpassing analysts’ estimates of $7.43 billion, according to data compiled by LSEG. The Miami-based company delivered 17,834 homes in the first quarter, an increase from 16,798 units in the same period last year.

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