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May 8, 2021

quarter

Kellogg first quarter sales, earnings strong

FoodBusinessNews
BATTLE CREEK, MICH. — Fueled principally by strong results in non-US markets, Kellogg Co. enjoyed solid growth in first-quarter sales and earnings and raised its guidance for the 2021 fiscal year. Net income at Kellogg in the first quarter was $368 million, equal to $1.07 per share on the common......

Societe Generale cites ‘remarkable’ equity trading activity as it smashes expectations in the first quarter

CNBC
CNBC – For more and to sign up click here A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images LONDON — French bank Societe Generale reported a “record” quarter for its trading division, helping it beat analyst expectations for the first......

Rocket continues growth streak with strong first quarter results

Detriot News
Detroit News – For more and to sign up click here Rocket Companies Inc. posted a nearly $2.8 billion profit on revenue of $4.6 billion in the first quarter of 2021, continuing the newly-public company’s hot streak amid a booming house market and growth in the company’s other businesses. Net revenue was......

Stellantis first quarter revenues, shipments up despite global semiconductor shortage

Detriot News
Detroit News – For more and to sign up click here Stellantis NV on Wednesday said revenue increased 14% to $44.4 billion (27 billion euro) in the first quarter of 2021 as global shipments increased 12% even amid a global semiconductor shortage. The report is the first financial results for the transatlantic automaker......

Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter

CNBC
CNBC – For more and to sign up click here Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares......

Thomson Reuters tops first quarter revenue, operating profit estimates

Reuters
The logo of Thomson Reuters is pictured at the entrance of its Paris headquarters, France, March 7, 2016. REUTERS/Charles Platiau Thomson Reuters (TRI.TO) reported higher first quarter revenue and operating profit on Tuesday, helped by its three main divisions and a rebounding economy, saying full-year sales growth will be at......

Euro zone economy contracts in the first quarter as Covid lockdowns bite

CNBC
CNBC – For more and to sign up click here People walk past the closed iconic brasserie Les Deux Magots LUDOVIC MARIN | AFP | Getty Images LONDON — The euro zone economy contracted in the first quarter of 2021, as countries implemented new lockdowns and restrictions amid a third......

Barclays beats expectations in the first quarter as loan impairment charges slide

CNBC
CNBC – For more and to sign up click here A sign hangs above an entrance to a branch of Barclays Plc bank in the City of London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — Barclays on Friday reported first-quarter net profit of £1.7 billion ($2.37 billion), helped by......

Economy surges to start the year as GDP jumps 6.4% in the first quarter

CNBC
CNBC – For more and to sign up click here Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer to where it was before the Covid-19 pandemic struck. Gross domestic product, the sum of all goods and services produced......

Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks

CNBC
CNBC – For more and to sign up click here Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.   Apple stock rose over 4% at one point in extended trading.   Apple reported double-digit growth in every......

Enphase Energy posts record quarter, but stock slides as management warns of chip shortage pains

CNBC
CNBC – For more and to sign up click here Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters Shares of Enphase Energy dropped more than 14% on Wednesday after the company warned about the ongoing impacts of the......

Deutsche Bank outshines Wall St rivals with best quarter since 2014

Reuters
Deutsche Bank (DBKGn.DE) posted a better-than-expected net profit for the first quarter, driven by its investment banking activities which outperformed major U.S. rivals. The German lender on Wednesday reported a first-quarter net profit attributable to shareholders of 908 million euros ($1.1 billion) versus a year-earlier loss of 43 million. That......

Deutsche Bank reports its best quarterly profit since the first quarter of 2014

CNBC
CNBC – For more and to sign up click here A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment......

Tesla stock slumps despite record quarter: CNBC After Hours

CNBC
CNBC – For more and to sign up click here CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, Phil LeBeau breaks down Tesla’s record quarter and explains the criticisms of the electric carmaker’s profitability model. Plus, Yun Li dives into GameStop’s $550 million stock......

Alphabet’s profit more than doubled last quarter as Google’s advertising business rebounded.

New York Times
Google’s parent company, Alphabet, said on Tuesday that revenue in its most recent quarter increased sharply from the same period a year ago, boosted by strong demand for online advertising on its search results and YouTube videos and by continued growth at its cloud computing arm. Alphabet posted revenue of......

India’s economy will likely contract this quarter as Covid cases soar, economists warn

CNBC
CNBC – For more and to sign up click here India’s economy may shrink in the current quarter as Covid-19 cases surge, but the country could recover in the next one, according to two economists. On Tuesday, India reported another 323,144 cases, bringing the country’s cumulative infections to more than......

Texas real estate heats up in first quarter

WashingtonExaminer
USA TODAY – For more and to sign up click here Texas’ median home prices eclipsed $274,000 during 2021’s first quarter, according to the latest figures from a realtor organization in the state. Overall, 84,464 homes were sold statewide during the first quarter, representing a 10.1% increase from the same......

Snap reports accelerating revenue growth, strong user numbers for first quarter

CNBC
CNBC – For more and to sign up click here A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City. Lucas Jackson | Reuters Snap’s stock......

Netflix’s correction quarter: Streaming giant stumbles after benefiting from early pandemic surge

CNBC
CNBC – For more and to sign up click here Rege-Jean Page and Phoebe Dynevor star in Netflix’s “Bridgerton.” Netflix Investopedia defines a “correction” as a “decline of 10% or greater in the price of a security, asset, or a financial market.” This was Netflix‘s correction quarter. Shares slumped more......

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