Continental Boosts Q2 Profits, Cuts Outlook on Weaker Demand

BERLIN, Aug 7 Reuters Continental reported adjusted earnings above analysts39; expectations in its secondquarter results on Tuesday but lowered its annual outlook because of weaker passenger car demand, particularly in Europe. The car parts supplier saw consolidated sales of 10 billion euros 10.91 billion with adjusted earnings before interest and taxes at 704 million euros, up […]
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Novo Nordisk Shares Slide after Rare Miss on Obesity Drug Wegovy Sales

Wegovy, Ozempic sales miss analyst forecasts Group trims profit outlook, slightly upgrades sales outlook Competition to Wegovy in U.S. will not affect sales, CEO says Impairment loss hits operating profit Shares down 6 in early trading LONDON, Aug 7 Reuters Novo Nordisk on Wednesday trimmed its fullyear profit outlook after reporting weakerthanexpected quarterly sales of its […]
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Super Micro Slides after Margin, Profit Forecasts Disappoint

Aug 7 Reuters Super Micro Computer shares tumbled 12.3 in premarket trading on Wednesday as concerns over the high cost of producing AI server chips weighing on its profit forecast, eclipsing upbeat sales forecasts. The company39;s fourthquarter adjusted gross margin was 11.3, compared with analysts39; average estimate of 14.1, according to LSEG data, as Super Micro grappled with higher supply chain costs […]
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German Exports Fall more than Forecast in June

BERLIN, Aug 7 Reuters German exports fell more than expected in June due to weak demand from the United States, the country39;s key trade partner, and from the rest of the European Union, official data showed on Wednesday. Month on month, Germany exported 3.4 fewer goods in June, the federal statistics office reported, more than […]
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UK Revises Up 2022 Economic Growth to 4.8

LONDON, Aug 7 Reuters Britain39;s economy grew more strongly than previously thought in 2022, according to revised official data that gave more weight to the oil and gas sector which was buoyed by high prices and the health service as it caught up with COVID19 backlogs. The Office for National Statistics said on Wednesday it […]
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