Bayer considers a business split after 2023 financial performance projections LeapRate

November 08, 2023 BY Elizabeth Anderson

Bayer considers a business split after 2023 financial performance projections

Bayer’s chief executive officer, Bill Anderson, said: We are looking closely at our structural options. We have an expert team – including external financial advisors – evaluating them. They’re reviewing market conditions, what structural changes would mean for our value creation, one-time costs and dis-synergies, cash flows and leverage ratios, tax leakage, and other criteria.…

October 20, 2023 BY Elizabeth Anderson

Tesla shares take a knock after missing Q3 targets

The company’s Q3 revenue came in at $23.4bn, lower than the predicted $24.06bn mark. Despite this, it is still a 13% increase from the previous year. Tesla’s net income for this period was $2.3bn, again lower than analyst expectations of $2.56bn. Similarly, adjusted earnings per share (EPS) were $0.66 instead of the expected $0.74. In…

October 20, 2023 BY Elizabeth Anderson

Nokia plans to cut jobs to bring profitability back up to scratch

The company reported a 20% decline in its year-on-year net sales. It pinned the lacklustre performance on a decrease in demand for 5G gadgets, especially among US customers. Ericsson, an industry competitor, reported the same sales problem and listed it as one of the reasons for its recent job cuts. The report indicated that planned…

Tag: Q3 financial reports