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Shell CEO says oil major does not have to buy assets anytime soon
Reuters· 2026-02-10 12:14
Core Viewpoint - Shell's CEO Wael Sawan stated that the company does not need to acquire additional assets in the near future to meet its 2030 targets [1] Group 1 - Shell is confident in its current asset portfolio to achieve its long-term goals [1]
Fiserv's quarterly profit beats estimates to close out turbulent 2025
Reuters· 2026-02-10 12:07
Core Viewpoint - Payments firm Fiserv reported fourth-quarter profit that exceeded Wall Street expectations, driven by expense discipline despite muted revenue growth [1] Financial Performance - Fiserv's fourth-quarter profit surpassed analyst expectations, indicating strong cost management [1] - Revenue growth remained subdued, suggesting challenges in top-line expansion [1]
Coca-Cola misses fourth-quarter revenue expectations
Reuters· 2026-02-10 12:01
Core Viewpoint - Coca-Cola missed Wall Street expectations for fourth-quarter revenue due to weakened demand for its trademark coke sodas in North America and Europe [1] Company Summary - Coca-Cola's fourth-quarter revenue fell short of analysts' forecasts, indicating a decline in consumer demand for its flagship products [1] Industry Summary - The beverage industry, particularly carbonated soft drinks, is experiencing challenges in key markets such as North America and Europe, impacting major players like Coca-Cola [1]
Ferrari beats fourth quarter estimates, sees core profit growing this year
Reuters· 2026-02-10 11:59
Italian luxury carmaker Ferrari on Tuesday said its core earnings would rise slightly in 2026 supported by new models coming this year, and beat analyst estimates for the fourth quarter of 2025, sendi... ...
Harley-Davidson's fourth-quarter loss widens
Reuters· 2026-02-10 11:57
Harley-Davidson reported a wider loss in the fourth quarter on Tuesday, hurt by a pullback in consumer spending toward recreational vehicles. ...
Oil India's quarterly profit declines on lower crude realisations
Reuters· 2026-02-10 11:38
Core Viewpoint - Oil India reported a decline in third-quarter profit due to lower realizations impacting margins, despite an increase in fuel demand [1] Company Summary - Oil India experienced a fall in profit for the third quarter, indicating challenges in maintaining profitability amidst fluctuating market conditions [1] - The company faced squeezed margins, which were primarily attributed to lower realizations, despite the backdrop of higher fuel demand [1] Industry Summary - The oil and gas industry is currently experiencing a complex environment where demand for fuel is rising, yet companies are struggling with profit margins due to pricing pressures [1]
CVS Health beats quarterly profit expectations on pharmacy performance
Reuters· 2026-02-10 11:34
Core Insights - CVS Health reported a decline in fourth-quarter profit but exceeded Wall Street estimates, driven by strength in its pharmacy benefit unit and robust prescription volume at its retail pharmacies [1] Financial Performance - The company experienced a decrease in profit for the fourth quarter, yet managed to outperform analysts' expectations [1] - The performance was bolstered by the pharmacy benefit unit, indicating a strong demand for prescription services [1] Business Segments - The pharmacy benefit unit showed significant strength, contributing positively to the overall performance of CVS Health [1] - Retail pharmacies also reported strong prescription volume, which played a crucial role in the company's ability to beat estimates [1]
Hasbro forecasts annual revenue below estimates amid economic uncertainty
Reuters· 2026-02-10 11:33
Core Insights - Hasbro has forecasted annual revenue that falls below Wall Street estimates, indicating challenges in the toy market due to economic uncertainty affecting consumer spending on non-essential items like toys [1] Company Summary - The toy maker is experiencing pushback from consumers who are hesitant to make non-essential purchases, which is impacting Hasbro's revenue projections [1]
Alphabet sells bonds worth $20 billion to fund AI spending
Reuters· 2026-02-10 11:31
Group 1 - Alphabet has sold bonds worth $20 billion in a seven-part offering [1] - The bonds have maturities extending out to 2066 [1] - The purpose of the bond sale is to fund the company's increasing spending on artificial intelligence infrastructure [1]
Apple and Google agree app store changes to appease UK regulator
Reuters· 2026-02-10 11:06
Apple and Google have agreed to make their mobile app stores fairer and more transparent for thousands of developers, Britain's antitrust regulator said on Tuesday, hailing it as important first steps... ...