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Renault sets lower profit goal in crunch reboot year

French carmaker Renault on Friday posted its first loss in 10 years and set a lower operating margin goal for 2020, a crunch year for its planned reboot alongside partner Nissan after a scandal surrounding former boss Carlos Ghosn......»»

Category: topSource: reutersFeb 14th, 2020

Renault embarks on post-Ghosn era with lower profit goal

Renault set a weaker full-year profit goal on Thursday, citing currency challenges and market uncertainties, as the French carmaker presented annual results without its recently ousted CEO Carlos Ghosn for the first time in 13 years......»»

Category: topSource: reutersFeb 14th, 2019

Renault shares slump as profit warning deepens carmaker"s problems

A profit warning sent Renault's shares as much as 15% lower on Friday, capping a turbulent year for the French carmaker since the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp global auto industry slowdown......»»

Category: topSource: reutersOct 18th, 2019

Renault cuts revenue goal as car industry misery spreads

Renault warned revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal......»»

Category: topSource: reutersJul 26th, 2019

Renault cuts revenue goal after weaker first half

Renault warned that revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal......»»

Category: topSource: reutersJul 26th, 2019

JPMorgan Chase hit hard by pandemic, sets aside billions to cover loan losses as consumers struggle

JP Morgan Chase said it earned a profit of $4.69 billion, or $1.38 per share. That’s down 51% from a year ago. The results offer a glimpse into how badly the pandemic is impacting the financial health of American consume.....»»

Category: topSource: chicagotribuneJul 14th, 2020

BMW cuts outlook, expects coronavirus impact to last all year

BMW AG on Wednesday said the impact of the coronavirus will likely hurt demand and profit throughout the year, forcing the German automaker to lower its profit outlook for passenger cars following a slowdown in first-quarter deliveries......»»

Category: topSource: reutersMay 6th, 2020

Why Alphabet Stock Is Not Suffering for Missing Profit Estimates

Google parent Alphabet reported that first-quarter profits were lower than a year ago and lower than estimates. Revenues posted a double-digit gain, though, so all was forgiven......»»

Category: blogSource: 247wallstApr 28th, 2020

Barclays says it is "very unlikely" to meet profit goal amid virus outbreak

Barclays is 'very very unlikely' to meet its goal of a 10% return on equity this year given the impact on its business of the coronavirus pandemic, its Chief Financial Officer Tushar Morzaria said on Tuesday......»»

Category: topSource: reutersMar 18th, 2020

India"s Tata Motors warns of JLR profit hit due to coronavirus

Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak......»»

Category: topSource: reutersMar 6th, 2020

Walmart sees slowing online sales growth after lackluster holiday quarter

Walmart Inc forecast slowing online sales growth for the year after missing Wall Street expectations for quarterly sales and profit, hurt by a shorter holiday season and lower demand for apparel, toys and electronics......»»

Category: topSource: reutersFeb 18th, 2020

Renault"s profit was wiped out last year

Renault turned in its worst financial performance in a decade in 2019 as plunging margins in its core business and a dramatic slump in contributions from alliance partner Nissan wiped out its earnings......»»

Category: topSource: moneycentralFeb 14th, 2020

Renault"s 2020 vision clouded as "tough" year leads to first loss in a decade

Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance......»»

Category: topSource: reutersFeb 14th, 2020

Dow Jones Newswires: Airbus swings to loss in 2019 and sets 2020 guidance

Airbus said its full-year net loss was 1.36 billion euros ($1.48 billion) compared with a net profit of EUR3.05 billion in 2018......»»

Category: topSource: marketwatchFeb 13th, 2020

BP boss Looney sets out to "reinvent" oil giant with zero carbon goal

BP set one of the oil sector's most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revamp in its 111-year history......»»

Category: topSource: reutersFeb 12th, 2020

Heineken sees more profit growth in final year for long-serving CEO

Heineken , the world's second largest brewer, forecast lower barley and aluminum costs would help to boost profits this year, when its long-serving chief executive will step down......»»

Category: topSource: reutersFeb 12th, 2020

Heineken sees 2020 profit growth as some commodity costs ease

Heineken , the world's second largest brewer, expects to benefit from lower barley and aluminum costs this year after 2019 earnings rose exactly in line with expectations......»»

Category: topSource: reutersFeb 12th, 2020

Imperial Brands warns of lower annual profit due to U.S. FDA ban

Tobacco group Imperial Brands said on Wednesday it expects full-year adjusted earnings to be slightly lower than last year due to a U.S. regulatory ban on some flavors of cartridge-based vapor devices and weaker consumer demand......»»

Category: topSource: reutersFeb 5th, 2020

Marubeni cuts annual profit forecast, warns virus may hit global economy

Japanese trading house Marubeni Corp on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war......»»

Category: topSource: reutersFeb 4th, 2020

Ford Stock Sets Up for a New 52-Week Low on $1.7 Billion Loss

Ford posted lower-than-expected profits and sales in the fourth quarter and for the full 2019 fiscal year. The company's net loss (unadjusted) totaled $1.7 billion. What about that big dividend yield?.....»»

Category: blogSource: 247wallstFeb 4th, 2020

Dow Jones Newswires: Diageo downbeat on guidance as net profit falls

Diageo PLC on Thursday reported a 5.6% fall in net profit for the first half of fiscal 2020, and said it expects full-year organic net sales growth to be at the lower end of its mid-term guidance......»»

Category: topSource: marketwatchJan 30th, 2020