This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, January 26, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. …
Read More »Nokia Earnings Top Expectations. India is Powering Its 5G Growth.
Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underpinned its growth. Nokia (ticker: NOK) said its biggest unit, Mobile Networks, delivered 3% growth in the quarter on a constant-currency basis, as …
Read More »SAP to Cut 3,000 Jobs After Profit Plunges
Tech Software maker seeks buyer for Qualtrics online employee-survey unit Source link
Read More »Big Oil Faces Headwinds After Record $199 Billion Profit Haul
(Bloomberg) — Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023. Most Read from Bloomberg The five …
Read More »Diageo sees 9.4% jump in organic net sales for first half as prices rise
Diageo PLC UK:DGE said Thursday that pretax profit rose in the first half of fiscal 2023, supported by better-than-expected sales volumes due to higher prices, and raised its dividend payout. The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka made a pretax profit of 3.06 billion …
Read More »US Natural Gas Falls Below $3 for First Time Since May 2021
(Bloomberg) — US natural gas futures extended declines below $3 amid mild winter weather that’s helped spark the worst selloff among the country’s commodities. Most Read from Bloomberg Gas for February delivery traded as low as $2.857 per million British thermal units on Thursday on the New York Mercantile Exchange. …
Read More »Nokia 4Q Sales EUR7.45B – MarketWatch
By Dominic Chopping Nokia Corp. on Thursday posted a forecast-beating fourth-quarter net profit as demand for mobile networks and network infrastructure remained strong while demand trends remain solid looking into 2023. The Finnish telecommunications company said its mobile networks unit delivered 3% growth in the quarter on a constant-currency… Source …
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