The German sporting-goods firm booked sales of 2.19 billion euros ($2.40 billion) in the first three months of the year, 14% higher on year adjusted for currency effects.
Dow Jones Newswires: Sweden’s SEB posts forecast-beating profit, as net interest income climbs
The Sweden-based bank posted net profit of 9.39 billion Swedish kronor ($911 million), up from SEK6.37 billion a year earlier.
Dow Jones Newswires: Royal KPN backs guidance after forecast-beating results
The Dutch telecommunications company made a quarterly net profit of 196 million euros ($215.1 million) compared with EUR179 million for the first quarter of 2022.
Dow Jones Newswires: Danone lifts organic sales guidance after price hikes drive higher volumes
The French food company on Wednesday said that quarterly sales came in at 6.96 billion euros ($7.66 billion) compared with EUR6.24 billion a year earlier.
Dow Jones Newswires: Roche sees sales drop on lower demand for COVID-19 tests, but backs view
The Swiss pharma major reported sales of 15.32 billion euros ($16.82 billion) for the first quarter, down from CHF16.45 billion in the same quarter a year prior.
Dow Jones Newswires: Standard Chartered posts 10% profit rise, driven by jump in net interest income
The Asia-focused bank on Wednesday posted net profit of $1.16 billion for the quarter, compared with $1.06 billion for the same period in 2022.
Crypto: Terraform co-founder Daniel Shin charged with fraud in South Korea: reports
Terraform Labs co-founder Daniel Shin was reportedly indicted in South Korea on Tuesday in connection to last year’s implosion of TerraUSD and Luna crypto coins.
MarketWatch First Take: Microsoft and Alphabet increase spending on AI, but don’t get carried away yet
After making big cost cuts, Microsoft and Alphabet plan to spend this year to build out more infrastructure to support the higher-performance computing power needed for AI, and hope to reap the rewards later.
Peter Morici: Powell and the Fed may be prone to the same mistakes that stoked inflation in the 1970s
U.S. central bank acts serious about taming inflation, but easy money beckons.
Mark Hulbert: Sell in May? Not so fast. ‘Stay and play’ this summer in safer stock-market sectors.
An ETF tied to the seasonal sell-in-May pattern shows promising long-term potential.
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