Groupe PSA Q1 Revenue Down 1.1% YoY- Quick Facts

Groupe PSA reported that its first-quarter Group revenue was 17.98 billion euros, compared to 18.18 billion euros, prior year. Automotive division recorded revenue of 14.16 billion euros, down 1.8% year-on-year. Faurecia revenue slightly rose to 4.32 billion euros. Consolidated worldwide sales were down 15.7% in particular due to the suspension of the group’s activities in Iran. Looking ahead, the company […]

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Verizon Q1 Profit Beats Estimates, Lifts FY19 Earnings Outlook

Verizon Communications Inc. (VZ) on Tuesday reported a nearly 11 percent increase in profit for the first quarter from last year on higher wireless revenues and flat expenses. Adjusted earnings per share for the quarter beat analysts’ estimates, while revenues were in-line with expectations. Looking ahead, the company raised its adjusted earnings outlook for fiscal 2019. For the first quarter, […]

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Kingfisher Plc FY Pretax Profit Declines; LFL Sales Down 1.6%

Kingfisher plc (KGF.L) reported that its statutory pre-tax profit for year ended 31 January 2019, which includes the impact of transformation costs and exceptional items, decreased by 52.8% to 322 million pounds. Earnings per share was 10.2 pence compared to 22.0 pence. Underlying pre-tax profit was 693 million pounds, down 13.0% from prior year. Underlying EPS was 23.8 pence compared […]

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Schaeffler 2018 Net Income Declines, Revenue Up 3.9%; Issues Cautious Guidance

Schaeffler AG (SCFLF.OB) reported that its 2018 net income attributable to shareholders of the parent company amounted to 881 million euros, falling short of the prior year level of 980 million euros. Earnings per common non-voting share were 1.33 euros compared to 1.48 euros. The Schaeffler Group generated EBIT before special items of 1.38 billion euros in 2018, compared to […]

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Hormel Foods Q1 Earnings Meet View, But Revenues Miss; Reaffirms FY19 Outlook

Hormel Foods Corp. (HRL) on Thursday reported a 20 percent decline in profit for the first quarter from last year, when results were aided by a benefit related to the U.S. tax reform. However, earnings per share for the quarter matched analysts’ expectations, while revenues missed their estimates. Looking ahead, the branded food company reiterated its financial outlook for fiscal […]

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HubSpot Beat Its Own Revenue and Earnings Guidance in Q4

HubSpot (NYSE: HUBS), a cloud-based sales and marketing platform specialist, released its fourth-quarter and full-year 2018 results on Feb. 12. Once again, it outpaced its own guidance. Sales in the fourth quarter reached $144 million, up 35% from the year-ago quarter. That beat management's guidance of $136.5 million to $137.5 million. Continue Reading Below The company also beat its non-GAAP […]

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Shopify's Revenue Rises 54%

Shopify (NYSE: SHOP) reported fourth-quarter financial results on Feb. 12. The multichannel commerce company continues to grow its revenue at a torrid pace, though profits remain elusive. Shopify results: The raw numbers Continue Reading Below What happened with Shopify this quarter? Subscription revenue rose 42% year over year to $133.6 million, as new merchants continue to flock to Shopify's platform. […]

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Tower International Projects 2019 To Be Transition Year; Issues 2020 Outlook

Tower International, Inc. (TOWR) announced, for full year 2019, the company expects: revenue of $1.65 billion, reflecting primarily net new business of $175 million, offset partially by adverse program mix of $90 million; adjusted EBITDA of $175 million; and an adjusted EPS of $2.50 per share which is adversely impacted by the adoption of ASC 842 and a higher tax […]

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