Q3 Financial News

Investing.com — Levi Strauss on Thursday narrowed its guidance after reporting third-quarter revenue that fell short of analysts estimates amid ongoing U.S.-led weakness in its wholesale business, 

(Reuters) — Shares in Puma fell 7.8% on Thursday after analysts said the sportswear company's third quarter earnings might fall short of market expectations.

Q3 2023, driven by an 8.4% q-o-q surge in demand (searches) and a 7.2% q-o-q drop in supply (searches), as per the MagicBricks PropIndex Report. The report, which analysed the preferences of over 20 million customers across 13 prominent cities, noted significant quarter-over-quarter increase in search volumes for Greater Noida (38.9%), Noida (20.4%), Kolkata (13.6%), and Bengaluru (13.5%), signalling ongoing demand for homes in these areas. Elaborating on the trends, Sudhir Pai, CEO, Magicbricks said, «While the growing residential demand underscores the strong sentiment towards real estate in India, the reducing supply can be attributed to various reasons such as focus on completion of under-construction projects. However, as we reflect on the impact of macro tailwinds, including the recently concluded G20 summit and the approaching festive season, it is evident that a wave of optimism is building, poised to propel the real estate sector forward in the coming months.

Of the five IPOs in Q3 2023, two listed on the main market, raising £346.5m in total, while the Alternative Investment Market had three admissions raising £13.3m.

By Jonathan Cable

Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled to 76. Nearly $686 million was lost in the recent quarter. 

With only three months of deals left in the year, it’s time to review the scoreboard. A trio of top-tier investment banks – Barrenjoey, UBS and Macquarie – are angling for a top spot on the equity capital markets league table, Dealogic data reveals.

PTI. As per details, 14 states raised ₹22,500 crore through the issuance of state government securities. This was in line with the indicated amount for this weekly auction for the third quarter calendar. Chief economist at Icra Ratings, Aditi Nayar pointed out that the auctions saw a steep surge in the cut-offs across tenors leading to the weighted average cost jumping to a 23-week high of 7.56 percent.

The cryptocurrency sector has increasingly become a prime target for hackers in recent years.

SAN FRANCISCO (Reuters) — Electric-vehicle maker Rivian (NASDAQ:RIVN) Automotive on Monday reported third-quarter deliveries above analysts' estimates, as it ramped up production to meet a sustained demand for its pickup trucks and sport-utility vehicles (SUVs).

The residential property segment in India remained unstoppable in Q3 2023, despite the usually slow monsoon quarter. According to the latest Anarock Research data, Q3 2023 saw housing sales across the top 7 cities create another new peak with approximately 1,20,280 units sold, against approximately 88,230 units in Q3 2022. Data shows that there has been a 36% annual sales growth in the residential housing segment.

By Shivansh Tiwary

The third quarter of 2023 has been the “most financially damaging” quarter of the year, with almost $700 million in digital assets lost to various security incidents, according to the quarterly report of blockchain security firm CertiK. 

Investing.com — The Dow closed lower Friday, ending September and the third quarter with a loss as mounting fears about higher for longer Federal Reserve interest rates and a government shutdown rattled investor sentiment.       

By Marc Jones

quarter which brought back inflation concerns on Dalal Street did weigh on the performance of benchmark indices and its constituents, as less than 10 stocks that are part of the Nifty 50 have given double-digit returns in this period. The Nifty 50 net gained about 2% in the current quarter, compared to the 10% gains it clocked in the June quarter. Nine of its 50 constituents gave 10-26% returns in the September quarter.

Beosin EagleEye platform, a subsidiary of Beosin, a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter of 2023. 

Investing.com — The pound on Monday looked set to wrap up the third quarter at the end of week with hefty losses against the dollar, and likely faces uphill battle ahead as sterling bulls are throwing in the towel to join the bears in forecasting doom and gloom for the currency following the Bank of England's rate pause last week.       

euro area's two biggest economies has continued to shrink in September with weak demand for goods and services. While the downturn eased in Germany, it deepened in France, according to business surveys released by S&P Global on Friday. Economists had expected momentum in both countries to remain broadly stable. The performance of Germany's services sector was a «pleasant surprise» as it only contracted marginally this month, S&P Global said.

BERLIN (Reuters) — German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a «deep» economic contraction in the quarter, a preliminary survey showed on Friday.

Fitch Ratings said today. The global rating agency left India's fiscal 2024 growth aim unchanged at 6.3% and also said the world economy in 2023 is likely to grow faster than estimated earlier. However, the agency said the deepening slump in China’s property market is casting a shadow over global growth prospects. Fitch raised its forecast for world growth in 2023 by 0.1 percentage point to 2.5%. «We have raised US growth by 0.8pp to 2.0%, Japan by 0.7pp to 2.0% and EM ex.