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TotalEnergies reports slight decrease in Q3 income as lower oil prices weigh
Reuters· 2025-10-30 07:17
Core Viewpoint - TotalEnergies reported a 2.4% decline in third-quarter earnings, aligning with market expectations, as increased upstream production and improved crude refining margins partially mitigated the impact of lower overall earnings [1] Group 1: Earnings Performance - The company experienced a 2.4% drop in third-quarter earnings [1] - The earnings decline was in line with market expectations [1] - Higher upstream production contributed positively to earnings [1] Group 2: Operational Factors - Improving crude refining margins helped offset the earnings decline [1] - The overall earnings were negatively impacted by lower production levels [1]
Shell third-quarter profit beats expectations at $5.4 billion
Reuters· 2025-10-30 07:13
Core Insights - Shell's adjusted earnings for the third quarter reached $5.4 billion, exceeding the average analyst estimate of $5.09 billion [1] Financial Performance - The reported adjusted earnings of $5.4 billion indicate a strong performance compared to analyst expectations [1]
UK's Haleon posts third-quarter organic revenue marginally above estimates
Reuters· 2025-10-30 07:11
Core Insights - Haleon reported third-quarter organic revenue growth that was slightly above market estimates, driven by strong demand for its oral health products [1] Company Summary - The British consumer healthcare group Haleon has shown resilience in its revenue performance, indicating a positive market response to its product offerings, particularly in the oral health segment [1]
Carlsberg posts Q3 sales slightly below expectations, keeps full-year profit guidance
Reuters· 2025-10-30 07:04
Core Viewpoint - Carlsberg reported third-quarter sales that were slightly below expectations while maintaining its full-year earnings forecast, indicating a challenging consumer environment [1] Sales Performance - The third-quarter sales figures were not specified but were noted to be below market expectations [1] Earnings Forecast - The company has upheld its full-year earnings forecast despite the current market challenges [1] Consumer Environment - Carlsberg highlighted a continued challenging consumer environment, which may impact future sales and profitability [1]
Stellantis revenues up 13% in third quarter, confirms second-half forecasts
Reuters· 2025-10-30 07:02
Core Insights - Automaker Stellantis reported a 13% year-on-year increase in revenues for the third quarter, reaching 37.2 billion euros ($43.4 billion) [1] Revenue Performance - The revenue growth was primarily driven by strong performance in Stellantis' main markets, specifically in North America and Europe [1]
Despite high expectations, Trump didn't discuss Nvidia's Blackwell chip with Xi
Reuters· 2025-10-30 06:51
Core Insights - U.S. President Donald Trump hinted at a potential discussion regarding Nvidia's advanced AI Blackwell chips with Chinese President Xi Jinping, but ultimately did not address the topic [1] Group 1 - Nvidia's Blackwell chips are positioned as state-of-the-art in the artificial intelligence sector [1]
Panasonic cuts full-year profit forecast on weaker outlook for automotive battery business
Reuters· 2025-10-30 06:49
Core Viewpoint - Panasonic Holdings has reduced its full-year operating profit forecast by 13.5%, primarily due to an anticipated decline in profits from its energy unit that supplies batteries to Tesla and other automakers [1] Group 1 - The forecast cut indicates significant challenges within Panasonic's energy division, which is crucial for its overall profitability [1] - The reduction in profit expectations is linked to the performance of the energy unit, highlighting its importance in the company's financial health [1]
Volkswagen swings to 1.3-billion euro loss in Q3 on tariff, Porsche woes
Reuters· 2025-10-30 06:33
Core Insights - Volkswagen reported an operating loss of 1.3 billion euros ($1.52 billion) in the third quarter, primarily due to significant costs associated with U.S. tariffs and a strategic reversal in its electric vehicle plans [1] Financial Performance - The operating loss of 1.3 billion euros indicates a substantial financial impact on Volkswagen, reflecting challenges in managing costs and adapting to market conditions [1] Strategic Challenges - The company faced billions of euros in costs related to U.S. tariffs, which have affected its profitability [1] - A costly strategy reversal regarding electric vehicles has also contributed to the financial losses, highlighting the difficulties in transitioning to new technologies and market demands [1]
Norway's Kongsberg Gruppen to spin off Maritime business in IPO
Reuters· 2025-10-30 06:21
Norwegian defence contractor Kongsberg Gruppen said on Thursday it plans to spin off its non-military business Kongsberg Maritime in an initial public offering on the Oslo Bourse. ...
Dutch bank ING plans 1.1 billion euro buyback as Q3 profit beats expectations
Reuters· 2025-10-30 06:15
Dutch international lender ING Groep said on Thursday it would launch a 1.1 billion euro ($1.3 billion) share buyback after it beat market expectations for third-quarter earnings, supported by strong ... ...