Tesla to return to profits in third quarter, CFO says

Tesla Inc. TSLA, -1.99% could return to profits by the third quarter, Chief Financial Officer Zachary Kirkhorn said in a call with analysts Wednesday. Tesla made price adjustments in its vehicles in the first quarter, which put pressure on margins, which will still be seen in the second quarter, he said. Tesla is "working extremely hard and making terrific progress […]

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PayPal tops earnings estimates while falling a hair short on volume

PayPal Holdings Inc. beat first-quarter earnings estimates Wednesday, while also releasing active-account data on its Venmo service for the first time. The company reported net income of $667 million, or 56 cents a share, up from $511 million, or 42 cents a share, in the year-earlier period. Adjusted earnings per share rose to 78 cents from 57 cents a year […]

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Boeing’s quarterly miss does little to stop jet maker’s stock rise

Boeing Co. missed quarterly expectations and pulled its guidance for the year, but its stock held fast to gains Wednesday as Wall Street breathed a collective sigh of relief that the company put a price tag on the 737 Max groundings fallout and its balance sheet was shown healthy. Boeing BA, +1.24%earlier Wednesday reported adjusted first-quarter earnings of $3.16 a […]

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AB Dynamics profit more than doubles

AB Dynamics PLC (ABDP.LN) on Wednesday said pretax profit more than doubled in the first half of fiscal 2019 on the back of strong revenue. The testing systems company, which focuses on the automotive industry, said pretax profit was 6.3 million pounds ($8.2 million) in the six months ended Feb. 28 compared with GBP2.9 million the year before. Revenue for […]

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CRH expands buyback program after earnings growth

CRH PLC (CRG.DB) said Wednesday that it is expanding its share-buyback program by 350 million euros ($393.2 million), citing a strong balance sheet and cash generation. The Ireland-listed building materials group said it expects earnings before interest, tax, depreciation and amortization in the first half of the year in excess of EUR1.5 billion, ahead of the EUR1.13 billion recorded in […]

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STMicroelectronics profit hit by pricing pressure

STMicroelectronics NV (STM.FR) said Wednesday that first-quarter net profit slumped, weighed down by pricing pressure and currency effects. Net profit in the quarter fell by 25% to $178 million compared with $239 million a year earlier, the chipmaker said. Revenue declined 6.7% to $2.08 billion. The company said it expects second-quarter revenue to grow about 2.4% compared with the first […]

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Pepsi adding three fruit flavors to cola lineup

PepsiCo Inc. PEP, +0.09% unveiled three new flavors for spring: Pepsi Berry, Pepsi Lime, and Pepsi Mango. Each is made with "real fruit juice," the company said. The flavors will be available until June 14. Thereafter, the flavors will be in eight packs at Walmart Inc. WMT, +0.28% and Target Corp. TGT, -0.78% Pepsi is already available in Wild Cherry […]

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Guess will slash dividend, sell debt to fund stock buybacks

Guess Inc. GES, -2.52% shares dropped 4% in after-hours trading Monday after the clothier announced that it will cut its dividend in half and sell $250 million of convertible debt in order to fund stock buybacks. Guess disclosed that it will cut its quarterly cash dividend to 11.25 cents from 22.5 cents and offer $250 million in convertible senior notes […]

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Crude oil prices at 5-month high on global supply concerns

Oil supply is starting to be affected by OPEC cutbacks: Former Shell Oil president Former Shell Oil President John Hofmeister on the current state of the oil market. Crude oil prices Monday jumped above $65 per barrel for the first time since November on concerns about how the U.S. termination of Iranian oil waivers will affect global supply. Continue Reading Below […]

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Choosing the right policy

Should you opt to share the burden with the insurance company? Continuing from the last fortnight’s column on health cover, here are some factors that you should keep in mind while finalising the policy. You need to make good choices on covering your family, sharing the burden, going cashless and buying additional cover. Covering your family: In your hospitalisation policy, […]

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