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Earnings Reports, Whispers & Company Earnings News

  • Business
    Reuters

    Poland's Allegro sees earnings growing 4-7% at home in Q4

    GDANSK (Reuters) -Poland's biggest e-commerce platform Allegro expects its earnings growth to slow down to 4-7% at home in the fourth quarter, it said on Thursday after its third-quarter core profit met market expectations. Allegro's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 13.5% to 883 million zlotys ($214.63 million) in the Polish market in the third quarter, compared with 880 million zlotys expected by analysts in a company-compiled consensus. Gross merchandise value (GMV), an industry metric used to measure transaction volumes, rose 10.8% on the year to 14.7 billion zlotys in Poland, its biggest market.

  • Business
    Bloomberg

    Marfrig Earnings Jump to Three-Year High on Chicken Demand

    (Bloomberg) -- Marfrig Global Foods SA posted the highest third-quarter earnings in three years as the Brazilian meat giant benefited from a surge in chicken profits and beef exports. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsArizona Elections Signal Robust Immigra

  • Business
    Reuters

    Cisco beats earnings expectations as AI spurs networking gear demand

    Shares of the computer networking equipment maker were down 1.4% in extended trading after the company forecast annual revenue broadly in line with estimates. Companies have been ramping up investments in AI technologies which require heavy computing power, creating a spike in demand for data centers, which use Cisco's products such as ethernet switches and routers. However, the California-based company has been trying to reduce reliance on its massive networking equipment business, which has suffered in recent years from supply chain issues and a post-pandemic slowdown in demand.