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 shares slump over 6% after carmaker cuts 2024 guidance on weak China demand
Mercedes shares fell more than 8% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.
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.
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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 ...
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Shareholders Would Enjoy A Repeat Of Rave Restaurant Group's (NASDAQ:RAVE) Recent Growth In Returns
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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.
Here's Why We Think Kirby (NYSE:KEX) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story ...
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3 Genomics Stocks Transforming Healthcare
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AUSTAL REPORTS IMPROVED EBIT OF $56.5 MILLION IN FY2024, WITH ORDER BOOK WORTH UP TO $12.7 BILLION
Revenue of $1,468.9 million (FY2023: $1,585.0 million), down marginally YoY, primarily on lower contribution from shipbuilding as programs transition - EBIT of $56.5 million (FY2023: -$4.8 million ...