Quarterly Net Profit Rises for Reliance Industries
Reliance Industries reports a 9.3% increase in Q3 net profit, missing analyst estimates. Growth seen across all business segments.
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BASF 2023 Results Fall Short
BASF reports disappointing 2023 results with lower margins and impairments affecting profit figures. New CEO faces challenges in improving profitability amidst difficult operating environment.
Consumer Companies Rise Despite Rate Cut Concerns
Consumer companies see stock rise despite concerns about interest rate hikes. Mortgage rates hit a new low, providing opportunities for homebuyers. Spirit Airlines faces financial challenges. Luxury sales slow, but Richemont defies trend.
Eramet Aims to Increase Manganese Production in Gabon
Eramet aims to restore and even surpass manganese production levels in Gabon by 2022, boosting the country's GDP. Plans for 2024 are underway.
Birkenstock Holdings Faces Challenges After First Quarterly Earnings Report
Birkenstock Holdings experiences drop in stock prices after falling short of earnings expectations. The company provides conservative guidance for fiscal year 2024, impacting performance.
Humana Faces Stock Decline as Fiscal 2023 Earnings Forecast Cut
Humana's stock prices dropped after adjusting its fiscal 2023 earnings forecast due to unexpectedly high medical costs. Other major health insurers also face similar challenges.
Thailand Stocks Decline
The composite Thailand SET Index SET declined 0.1%, reflecting a downward trend in Thailand stocks. Other Southeast Asia markets also experienced fluctuations.
Ampol Poised for Record Earnings in 2023
Ampol foresees record earnings in 2023 due to strong performance in its non-refining divisions. The company achieved an EBIT of AUD 1.269 billion in 2022.
Solar Stocks Continue to Struggle
Solar stocks face setback as SolarEdge is downgraded and SunPower unveils restructuring plan. Decline in demand and challenges in the industry contribute to the struggles.