Page 2 - Q4 Results

Roll of dice for agrochem companies with El Nino dampener on monsoon

Adverse agronomical conditions, excess channel inventory weigh on domestic market volume offtake

Berkshire Hathaway posts big loss in Q4, cash hoard swells to $130 bn

The Omaha, Nebraska-based firm found more value buying back its own shares, repurchasing $2.6 billion, and bought back about $700 million more in the first month-and-a-half of 2023

Mahindra CIE rallies 9% to hit 52-week high on positive demand outlook

Overall positive performance in Q4, supported by growth and solid profitability in India, and big commercial efforts in Europe will help offset huge cost increases, said analysts

Nestle India Q4 profit up 65.5% at Rs 628 cr, credits 'robust demand'

Domestic sales of the maker of Maggi noodles and KitKat chocolates were up 13.9%

Nestle India Q4 profit up 65.5% at Rs 628 cr, sales rise 14% to Rs 4,233 cr

FMCG major Nestle India Ltd on Thursday reported an increase of 65.50 per cent in its net profit at Rs 628.06 crore for the fourth quarter ended December 31, 2022. The company, which follows the January-December financial year, had posted a net profit of Rs 379.48 crore in the same period a year ago, Nestle India said in a regulatory filing. Nestle India's net sales rose 13.95 per cent to Rs 4,233.27 crore during the period under review, as against Rs 3,714.86 crore in the corresponding period last fiscal, the company said. Its total expenses in the October-December quarter were at Rs 3,427.27 crore, up 12.78 per cent, as against Rs 3,038.84 crore in the corresponding period. Nestle India's domestic sales were up 13.82 per cent to Rs 4,061.85 crore, as against Rs 3,568.44 crore in the October-December quarter of 2021. Its exports were up 17.07 per cent to Rs 171.42 crore, as against Rs 146.42 crore in the corresponding quarter a year ago. For the year ended December 31, 2022, Nes

Why ABB's good fourth quarter numbers may not boost its share price

While global slowdown may limit growth and margins may have peaked, analysts are divided with target prices ranging between Rs 2,820 and Rs 3,370

Nestle's Q4 revenues may rise up to 17% YoY, agri-inflation to dent margins

Nestle India Q4 preview: In the October-December quarter, shares of Nestle rose 2.4 per cent, while peers like Hindustan Unilever dropped 5 per cent, and Britannia gained 12 per cent

Amazon posts $149.2 bn in net sales, faces short-term uncertainty

Amazon on Friday reported that its net sales increased 9 per cent to $149.2 billion in the fourth quarter that ended December 31, compared with $137.4 billion in fourth quarter 2021.

Alphabet disappoints on sales as ad business slips after pandemic run-up

Pichai pointed to advertisers' more modest spending and the impact of foreign exchange rates abroad as drags on Alphabet's overall results

Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22

IT services firm reports rise in headcount, says voluntary attrition declining

Samsung's Q4 profit drops 69% on sluggish demand, lowest since 2014

Samsung Electronics on Tuesday said its fourth-quarter operating profit plunged nearly 70 per cent from a year ago, as the global economic slowdown hurt the sales of electronic devices

LG Electronics Q4 profit collapses on slumping demand, rising cost

But LG's electric vehicle (EV) parts business made a turnaround 10 years after it entered the market

American Express Q4 profit decline 9% as customers fall behind on payments

American Express saw its fourth-quarter profits fall by 9 per cent, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely creditworthy. But the company did announce it planned to raise its quarterly dividend and also forecast higher-than-expected profits for 2023, which helped lift the stock in early trading as investors seemed to look past the delinquencies and more at how cardmembers were still strongly spending on their accounts. The New York-based company said it earned a profit of USD 1.57 billion in the quarter, or USD 2.07 a share, that is down from USD 1.72 billion, or USD 2.18 a share, in the same period a year earlier. That is below what analysts had forecasted. While AmEx saw a double digit rise in card usage from a year ago cardmembers spent USD 413.3 billion on their cards last quarter

Tesla logs record profit in fourth quarter, warns of uncertainties

Tesla, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share

Tesla says its 4Q profit rose 59% to $3.69 bn, expects strong margins

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker. The Austin, Texas, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share. That beat estimates of $1.13 that had been reduced by analysts, according to FactSet. The company's profit was 59% more than the same period a year ago. Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected. On Jan. 13, the company cut prices in the U.S. and China, its two biggest markets, by up to 20% on some models, leading many analysts to believe that demand had fallen due to high prices and rising interest rates. Tesla said in its investor letter Wednesday that it would produce about 1.8 million vehicles this year, ahead of a predicted 50% annual growth rate. But the outlook

Boeing loses $663 mn in Q4 despite higher revenue amid supply chain problem

Boeing said on Wednesday it lost USD 663 million in the fourth quarter as rising production costs and supply-chain problems offset rising revenue. It was another disappointing quarter for the aerospace giant, which has yet to recover from fatal crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently. The loss amounted to USD 1.06 per share. Excluding non-core items such as adjustments to pension costs, the loss was USD 1.75 per share. Revenue increased 35 per cent from a year earlier, to USD 19.98 billion. Analysts were expecting the company to earn 20 cents per share on revenue of USD 18.75 billion, according to a FactSet survey. Boeing preferred to focus on cash flow, which rose for the quarter and the entire year the first full year of positive cash flow since 2018. Boeing, based in Arlington, Virginia, has seen deliveries rise since regulators approved the 737 Max to fly again in late 2021 and after the company ...

J&J forecasts strong profit, beats Wall Street estimates on pharma boost

Shares of the drugmaker were up nearly 1% at $170.28 in trading before the bell

Wells Fargo tops Q4 profit expectations, records revenue of $19.66 billion

Wells said the losses related to the regulatory matters were equal to about 70 cents per share

We'll return to pre-Covid rhythm next year: TCS COO N Ganapathy Subramaniam

We are executing well, gaining market share in vendor consolidation and revenue will start coming in from next few quarters and we are actively participating in the growth and optimization deals

LG Electronics December-quarter operating profit down 91.2% y-o-y

Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company