Expensify Reports Q3 Loss, Plans to Cut Costs
Expensify, a leading accounting software company, experienced a significant drop in shares after reporting a Q3 loss of $17 million. Founder and CEO, David Barrett, announced cost-cutting measures to improve profitability.
Siemens Healthineers Reports Lower Net Profit in Q4
Siemens Healthineers experiences a decrease in net profit for Q4, despite modest revenue growth. Optimistic about future sales and earnings.
Optus Network Outage: No Cyberattack, Cause Still Unknown
Optus, Australia's second-largest mobile operator, experienced a recent network outage affecting millions of customers. No evidence of a cyberattack has been found. The cause of the outage remains unknown, but software issues are considered...
Elanco Animal Health Updates Financial Projections
Elanco Animal Health adjusts its financial projections for 2023, raising adjusted earnings while widening net loss forecast and narrowing revenue expectations.
D.R. Horton Reports Higher Revenue and Earnings
D.R. Horton's fiscal fourth-quarter results: increased revenue and earnings, strong demand for housing despite inflation pressures
UBS Reports Quarterly Loss After Integration Costs
UBS Group reports a net loss of $785 million in Q3 due to integration costs after acquiring Credit Suisse. Operating expenses increased by 97% while revenue exceeded expectations. UBS's wealth management business saw positive growth.
Persimmon Reports Sales Decline in Second Half of the Year
Home builder Persimmon reports sales decline in second half of the year but expects to meet 2023 targets. Anticipates uncertain market conditions in 2024.
Survey Shows Banks Tightening Business Loan Standards
Recent survey shows banks are tightening business loan standards, leading to concerns about access to credit and potential economic impact. Market reacts to the news.
Canadian Stocks Dip Slightly After Prior Week's Strong Performance
Canadian stocks experienced a minor decrease after a week of impressive gains, with notable developments in the market and progressive growth for Else Nutrition.
European Stocks Slip as Stoxx Europe 600 Index Closes Down 0.16%
European stocks face decline, with the Stoxx Europe 600 index closing down by 0.16%. French CAC 40, German DAX, and FTSE 100 indices show mixed results. Notable companies witness significant changes in their stock prices.