Teva Pharm nudges up earnings forecast, names new CFO

JERUSALEM (Reuters) – Teva Pharmaceutical Industries (TEVA.TA) nudged up its full-year earnings guidance on Thursday, after reporting a drop in third-quarter profit that broadly met expectations. The world’s largest generic drugmaker earned 58 cents per diluted share excluding one-time items in the July-September period, down from 68 cents a year earlier. It cited higher tax expenses and lower operating profit, […]

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UniCredit sticks to 2019 goals after trading gains lift profit

MILAN (Reuters) – Italy’s biggest bank UniCredit (CRDI.MI) on Thursday stuck to its targets for the year after posting a 26% rise in adjusted net profit in the third quarter, thanks to trading gains and steady fees which offset a shrinking interest income. The bank said net profit in July-September totalled 1.1 billion euros ($1.2 billion), both in reported terms […]

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Cement maker James Hardie lifts full-year profit view on fortified U.S. housing market

(Reuters) – James Hardie Industries (JHX.AX), the world’s biggest fibre cement maker, on Thursday raised full-year profit guidance after an improving U.S. housing market helped it post a 17% jump in first-half earnings, lifting its shares to their highest ever. The company, based in Dublin but listed in Sydney, hoisted its operating profit forecast for the 12 months through March […]

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SocGen balance sheet progress lifts shares, outweighs trading weakness

PARIS (Reuters) – France’s Societe Generale (SOGN.PA) raised its capital ratio on Wednesday, giving its shares a lift despite a profit fall and some parts of its trading business lagging rival banks. SocGen shares were up 5% to 28.3 euros at 1102 GMT, making the bank’s stock one of the top performers on France’s CAC40 index .SX7P, as investors focused […]

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BTG Pactual's profit surges on higher trading gains, fees

SAO PAULO (Reuters) – Latin America’s largest investment bank, Banco BTG Pactual SA (BPAC11.SA), reported a 56.6% rise in third-quarter net income on Tuesday on higher trading gains and investment banking fees. Recurring net income, which excludes one-time items, came in at 1.073 billion reais ($267.43 million) from 685 million reais a year earlier. The bank’s third-quarter total revenue, which […]

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Western Digital announces CEO succession plan, signals lean second-quarter

(Reuters) – Hard-drive maker Western Digital Corp (WDC.O) said on Wednesday its second-quarter profit would come in sharply below analysts’ expectations and that its chief executive officer would retire soon, sending its shares down 10%. The San Jose-based company expects its second-quarter adjusted profit to come in between 45 cents and 65 cents per share, compared with analysts’ forecasts of […]

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Tallgrass Energy CEO blames selling shareholders for stock drop

HOUSTON (Reuters) – The chief executive of Tallgrass Energy LP (TGE.N), under fire from investors over sales talks with private equity firm Blackstone (BX.N), on Wednesday defended management provisions in the deal and blamed selling shareholders for a 23% stock-price drop. In August, Blackstone Infrastructure Partners made a non-binding proposal to buy the shares in Tallgrass it does not already […]

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Facebook beats revenue, profit estimates, shares rise

(Reuters) – Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue and profit on Wednesday, driven by a steady rise in advertising. Shares of the company, which owns WhatsApp and Instagram, were up about 3% at $194 in extended trading. The world’s largest social network has faced scrutiny over the past three years from regulators and users worldwide over its […]

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Mexico's Femsa posts jump in profits, Oxxo outlook hits shares

MEXICO CITY (Reuters) – Mexico’s Femsa notched a 55% rise in third-quarter net profit to 7.27 billion pesos ($369 million), the bottler and retailer said on Monday, but its shares fell on growth concerns with its Oxxo convenience store chain. The Monterrey-based conglomerate said its revenue increased by 10.2% from a year earlier to 130.5 billion pesos during the July-September […]

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