Q3 Financial News

Valérie Baudson, CEO of Amundi

Investing.com — Intel (NASDAQ:INTC) delivered better-than-expected guidance for the current quarter after third-quarter earnings markedly beat analyst estimates amid signs PC demand has bottomed.

Investing.com — Amazon (NASDAQ:AMZN) reported third-quarter results that topped Wall Street estimates as growth in its cloud business continued to stabilize and advertising growth jumped.

HTX, the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023.

Preeyam Tolia, Equity Research Analyst- FMCG & Retail, Axis Securities, says “we believe that the Q3 onwards, the demand should pick up for the paint segment. Anyway, it was expected that Q2 would be more sluggish but this is more than what we anticipated.” Asian Paints numbers seems to be a miss, especially volume growth was below what we were expecting. It has come in at 6% for the decorative business. So first cut for Asian Paints, how are the numbers looking to you? Definitely the numbers are weak in terms of top line and the bottom line as well because it is below our estimates. We anticipated a revenue growth of 3% led by 5% volume growth. However, the volume growth is better than our estimate, which the company reported of 6%. We believe that the delay in the festive season, which shifted towards the second half of the year, has impacted the overall demand. So yes, the numbers are weak.

Also Read: Mastercard Q3 results: Revenue up 14% at $6.5 billion, Q4 growth forecast cut “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward," said Amazon chief executive Andy Jassy, adding its ad business grew “robustly" and AWS cloud computing business “continued to stabilize." (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Amazon Web Services’ revenue was at $23.1 billion, compared with analysts' expectations of $23.09 billion. The cloud unit’s operating income was at $6.98 billion, about $1.3 billion more than analysts’ expectations.

Amazon (NASDAQ:AMZN) is gearing up to announce its quarterly results this Thursday, capping off a week filled with major corporate earnings reports.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Microsoft, Adobe, Snap, and Live Nation Entertainment.

The jump from 2.1% last quarter has left the US economy ‘flying high’, according to Neil Birrell, CIO of Premier Miton Investors.

UK dividends fell to £27.5bn, down 8.3% year-on-year, in the third quarter of 2023.

₹2.03 trillion. Among loan segments, farm equipment grew the slowest at 5.6%. The fastest growth, was seen in personal loans (73.3%), albeit on a smaller base than most other segments.

Invesitng.com — Meta Platforms reported Wednesday third-quarter results that topped Wall Street expectations and stronger guidance for the current quarter as cost cuts boosted margins. 

Crypto industry powerhouse Digital Currency Group (DCG) has provided a response to its latest fraud lawsuit from the New York Attorney General (NYAG) last week, alongside updated Q3 financial figures.

By Arriana McLymore

The impact of digital asset scams has been a major talking point around policies, regulations, and developer’s direction this year with millions lost across chains to bad actors.

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Led by record demand for registered index-linked annuities, total third-quarter annuity sales rose 11% year over year to $89.4 billion, according to preliminary results from Limra’s U.S. Individual Annuity Sales Survey.

The third quarter earnings season on Wall Street gathers momentum this week, with some of the biggest names in the world set to report their latest financial results.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

T-Mobile (NASDAQ:TMUS) reported third quarter results that surpassed analyst expectations. As a result, shares rose 1.4% in pre-open trade.

The challenging macroeconomic backdrop and falling stock valuations have largely contributed to the reduction in flow volumes and assets, Morningstar said.