Insights and Stories on Profit

Feb. 22, 2022 at 3:51 pm CST

Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin […]

By Reuters

Jan. 29, 2022 at 2:38 pm CST

Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in southern British Columbia. Canadian National Railway (CN) on Tuesday reported 2021 net income of $4.892 billion on $14.477 billion in […]

By Dave Bedard

Dec. 10, 2021 at 8:04 pm CST

Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies […]

By Andrea Shalal

Sep. 28, 2021 at 8:51 am CDT

Reuters — Aurora Cannabis on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders. U.S.-listed shares of the company, which also posted a bigger-than-expected quarterly loss, were down two per cent in extended trading. After more than three […]

By Reuters

Aug. 20, 2021 at 7:32 pm CDT

Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 […]

By Rajesh Kumar Singh, Sanjana Shivdas