Earnings

OMC marketing earnings expected to rise in fourth quarter, say analysts

Blended marketing margins rose to a 10-month high of about Rs 2.5 per litre in December, multiple analysts said

BioNTech Q3 earnings drop but forecast for vaccine revenue grows

BioNTech, which teamed with Pfizer to develop a powerful COVID-19 vaccine, reported that its earnings in the third quarter were close to half what they were a year earlier, but the German pharmaceutical company still raised its expectations for vaccine revenue after rolling out updated shots targeting omicron strains. The company said Monday that it made net profit of 1.8 billion euros (USD 1.8 billion) off revenue of 3.5 billion euros (USD 3.5 billion) in the three months to September, a drop from profit of 3.2 billion euros and revenue of 6.1 billion euros in the same period a year ago. BioNTech said the course of the pandemic remains dynamic and led to fluctuations" in earnings. Profit and revenue were largely flat in the first nine months of the year. Thanks to our strong execution in the third quarter of 2022, we updated our COVID-19 vaccine revenue guidance for the year 2022 to the upper end of the original range," said Jens Holstein, CFO of BioNTech. We started shipments of o

US markets could head lower as earnings downgrades pick up pace: Chris Wood

Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings

More than 100,000 British workers off sick with long Covid, earnings hit

Around 110,000 British workers are off sick with long Covid symptoms, costing them £1,100 ($1,320) in lost earnings at a time of an escalating cost of living crisis, new research shows

HDFC Bank's Q1 net profit rises 19% to Rs 9,195.99 cr, NII grows 14.5%

The bank's pre-provision operating profit was at Rs 15,367.8 crore in Q1FY23

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

Railway brings assets online, to hold e-auction for commercial earning, NFR

These assets will be mapped location-wise on the portal once and the system will remember forever if it is covered for earning or not.

Tata Consumer Products Q4 net profit up three fold to Rs 239 crore

Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March

Credit Suisse posts another quarter of loss, rejigs top team

The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by legal expenses

Microsoft shares up by 3.5% after earnings topped analysts' projections

Revenue in the third quarter, which ended March 31, rose 18 per cent to $49.4 billion, the software maker said Tuesday in a statement. Net income rose to $16.7 billion, or $2.22 a share

Big YouTube miss yanks down Alphabet earnings and revenue

The world's largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people online

Tesla earnings jump over 7 times in first quarter as users pay more

Musk optimistic about overcoming supply issues, foresees a big 2022 production gain

L&T Technology Services net profit grows 35% to Rs 262 crore in Q4

L&T Technology Services on Thursday reported an increase of 34.7 per cent in consolidated net profit to Rs 262 crore for the quarter ended March 2022. The company had posted a net profit of Rs 194.5 crore in the same period a year ago. "We achieved several milestones in FY22 a dollar revenue growth of 20 per cent in constant currency, record high operating margins, and more than three-fold increase in patents filed by our engineers. "Our growth was broad based with all five segments growing in double digits and showing an improvement in operating margins,'' L&T Technology Services (LTTS) CEO and Managing Director Amit Chadha said in a statement. The consolidated revenue from operations grew by about 22 per cent to Rs 1,756.1 crore from Rs 1,440.5 crore in the March 2021 quarter. "...In the fourth quarter, we won a USD 100 million plus deal in the EACV (electric autonomous connected vehicles) space - being chosen as the strategic engineering partner for a new age electric VTOL

Infosys Q4 preview: Will high costs dent margin? What top brokerages expect

Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.

Twitter introduces 'Creator Dashboard' tool to manage earnings on platform

Micro-blogging site Twitter has introduced a new tool for creators called the "Creator Dashboard" to analyze how they make money on the platform

Consumption remains weak

Higher inflation is affecting operating margins

Corporate performance: India Inc's profit rises 27% in third quarter

Analysts see a further downside in earnings in the forthcoming quarters

Mark Zuckerberg risks $24-bn wealth wipeout after Meta misses estimates

Meta's share price was down about 20% in after-hours trading on Wednesday.

Brokerages upgrade estimates on Maruti on new launches, positive guidance

An expected improvement in the availability of semiconductors and robust demand outlook in the passenger vehicle market is also driving the upgrades

Partner earnings rise 11% q-o-q, says Urban Company's earnings index for Q3

Urban Company partners earned an average of Rs 297 per hour, net of commissions, fee and all associated product and travel costs.