PT Bank Mayora, a small-sized domestic lender recently acquired by the state-owned PT Bank Negara Indonesia Tbk (BNI), is set to become fully digital in the first quarter of 2023, a top executive said on Friday. BNI President Director Royke Tumilaar said Bank Mayora remains operational as usual while its parent company is preparing to… Continue reading Indonesian lender Bank Mayora to become fully digital in Q1 2023
Tag: Financial Results
Magna (MGA) Q2 Earnings Lag Estimates
Magna (MGA) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.75%. A quarter ago, it was expected that this… Continue reading Magna (MGA) Q2 Earnings Lag Estimates
Japan’s Nikkei gives up gains as Denso outlook sours sentiment
TOKYO, July 29 (Reuters) – Japan’s Nikkei reversed its course to close slightly lower on Friday, as concerns about corporate earnings grew after Toyota supplier Denso cut its outlook, while a firmer yen also weighed on exporters. The Nikkei share average settled 0.05% lower at 27,801.64 after rising 0.7% earlier in the session. The index… Continue reading Japan’s Nikkei gives up gains as Denso outlook sours sentiment
UPDATE 3-Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
(Recasts lede. Adds details from a news conference.) TOKYO, July 29 (Reuters) – Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. The company, which specialises in vehicle air conditioning, power trains and automated driving systems,… Continue reading UPDATE 3-Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
TOKYO (Reuters) -Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. The company, which specialises in vehicle air conditioning, power trains and automated driving systems, lowered its operating profit forecast to 480 billion yen ($3.61 billion)… Continue reading Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
Will Adient (ADNT) Report Negative Earnings Next Week? What You Should Know
Adient (ADNT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term… Continue reading Will Adient (ADNT) Report Negative Earnings Next Week? What You Should Know
HONEYWELL ANNOUNCES QUARTERLY DIVIDEND
CHARLOTTE, N.C., July 29, 2022 /PRNewswire/ — Honeywell (NASDAQ: HON) announced today that its Board of Directors has declared a regular quarterly dividend payment of $0.98 per share on the Company’s outstanding common stock. The dividend is payable on September 2, 2022, out of surplus to shareowners of record at the close of business on August… Continue reading HONEYWELL ANNOUNCES QUARTERLY DIVIDEND
General Dynamics Electric Boat Awarded $698 million Contract Modification for Overhaul of USS Hartford
GROTON, Conn., July 29, 2022 /PRNewswire/ — General Dynamics Electric Boat, a business unit of General dynamics (NYSE: GD), announced today it was awarded a modification of the previously awarded U.S. Navy contract for the repair, maintenance and modernization of the submarine USS Hartford (SSN 768). The contract modification has a value of $697.9 million.… Continue reading General Dynamics Electric Boat Awarded $698 million Contract Modification for Overhaul of USS Hartford
Ashok Leyland’s strong domestic and export sales drive 145% revenue growth in Q1
Growing demand for medium and heavy commercial vehicles (M&HCVs) as well as light commercial vehicles (LCVs) have powered Chennai-based Ashok Leyland’s robust performance in the first three months of the ongoing fiscal year. Importantly, the growth has come across both domestic and export markets. The CV major has reported a 145% increase in YoY quarter… Continue reading Ashok Leyland’s strong domestic and export sales drive 145% revenue growth in Q1
Leyland evaluating a second LCV platform
Ashok Leyland is contemplating launching another platform for light commercial vehicles, the company’s top leadership said in a post-results media briefing on Friday. Gopal Mahadevan, CFO, & whole-time Director of the company said, ” We are evaluating and studying it”. He added that the same strategy was applied in the MHCV segment which had brought significant… Continue reading Leyland evaluating a second LCV platform