Mercedes says EBIT, FCF to be 'significantly below' due to tough market conditions in China
Mercedes-Benz Group AG (OTCPK:MBGAF) (OTCPK:MBGYY) said Thursday it now sees full-year EBIT and free cash flow to be "significantly below" from prior year levels hurt by a challenging macroeconomic environment,
Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall
Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, hitting European auto stocks as it joined a growing number of rivals that are blaming a weakening Chinese car market,
Mercedes-Benz cuts guidance on slump in China’s economy
Mercedes-Benz Group shares fell 8% on Friday after the German carmaker made another cut to its full-year guidance, citing a slowdown in car sales caused by a slump in China’s economy. The Stuttgart company said the cut to its outlook,
Live news: Mercedes-Benz lowers full-year outlook on China’s economic ‘deterioration’
Mercedes-Benz lowered its full-year earnings outlook, blaming the weaker projections on China’s worsening macroeconomic conditions. The company on Thursday said its car division now anticipated the return on sales to be in the range of 7.
Mercedes Slashes Outlook as China Market Cools
Mercedes-Benz Group cut its financial forecast for the year due to a rapid deterioration of its business in China -- the company's biggest market. The Chinese market has cooled further, hurting sales of Mercedes' most expensive models like the S-Class and Maybach sedans.
Broadcom (NASDAQ:AVGO) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he ...
FedEx Posts Downbeat Q1 Earnings, Cuts Guidance: Why Analysts See More Downside Ahead
Shares of FedEx Corp FDX tanked climbing in early trading on Friday, after the company reported downbeat results for its ...
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EBIT vs. Operating Income: What's the Difference?
Her expertise is in personal finance and investing, and real estate. Earnings before interest and taxes (EBIT) and operating income are terms that are often used interchangeably, although there is ...
Returns On Capital Signal Tricky Times Ahead For Perdoceo Education (NASDAQ:PRDO)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to ...
3 Times You Should Always Use Your Debit Card
Almost 50% of Americans carry a balance on their credit card. Find out how that's just one scenario where your debit card ...
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If EPS Growth Is Important To You, Natural Gas Services Group (NYSE:NGS) Presents An Opportunity
Could this be a sign that the business has reached an inflection point? Careful consideration of revenue growth and earnings ...
Ross Stores: Rating Downgrade As Valuation Has Caught Up
I downgrade ROST stock from buy to hold despite strong fundamentals and positive outlook, citing less attractive valuation.
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3 Genomics Stocks Transforming Healthcare
Genomics is on the brink of revolutionizing healthcare with breakthroughs that could redefine treatment and diagnosis. As ...
Sims: Expects 1Q FY25 Ebit of A$55 Million From Metal Businesses
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
Notable analyst calls this week: FedEx, Shopify and Micron among top picks
Stay updated on the latest analyst actions and market trends with this financial article covering upgrades and downgrades for ...