ROUNDUP: Amazon significantly increases sales and profit

SEATTLE - Amazon significantly increased revenue and profit last quarter thanks to its commerce business and cloud division. Revenue grew 13 percent year over year to 143.1 billion (135.5 billion euros). Bottom line profit jumped to $9.9 billion from $2.9 billion a year ago.

Intel surprises positively with result and outlook - share afterbors high

SANTA CLARA - Silver lining on the horizon of the recently crisis-ridden semiconductor industry: After recent negative news from some chip manufacturers and equipment suppliers, the industry veteran Intel, of all companies, which has been overshadowed by many others in recent years, delivers a positive surprise - so the comeback of the company, founded in 1968, is taking on more and more concrete forms. In the current last part of the year, Intel is finally aiming for an increase in sales thanks to rising demand, progress in the restructuring of production and the boom around offers with so-called artificial intelligence. Profit adjusted for special effects is expected to improve further.

ROUNDUP 2: Fuchs benefits from price increases - sales and profits rise

MANNHEIM - Lubricants manufacturer Fuchs benefited from price increases in the first nine months. Sales and profits increased. While Fuchs earned more in day-to-day business in the Europe, Middle East and Africa region as well as in North and South America, earnings in the Asian region declined due to weaker economic development in China. This was announced by the MDax-listed company in Mannheim on Friday. Management was again more optimistic about free cash before acquisitions.

ROUNDUP: Sanofi to spin off consumer division - share price plunges

PARIS - The French pharmaceutical group Sanofi wants to spin off its division around drugs for consumers. The focus will henceforth be on the biopharma division, the company announced Friday in Paris as part of the presentation of the figures for the third quarter. The most likely option, it said, would be to transfer the Consumer Healthcare division to a separate listed company. The spin-off could be completed as early as the fourth quarter of next year.

ROUNDUP: Engine recall drags MTU into the red - share price recovers

MUNICH - A material defect in the engines of many Airbus jets has dragged Munich-based engine manufacturer MTU deep into the red. MTU set aside about one billion euros in the third quarter for the costly inspection of the so-called geared turbofan engines of its U.S. partner Pratt & Whitney. This means that a loss is on the horizon for the full year as well. The work on the engines will keep manufacturers busy for a long time to come. For instance, hundreds of Airbus jets from the A320neo family will have to remain grounded worldwide for the next three years.

ROUNDUP/Air France-KLM and IAG with strong summer: shareholders nevertheless disappointed

PARIS/LONDON - Strong summer demand has given airline Air France-KLM a jump in profits. Although the key financial figures were significantly above the previous year's figures, as the Lufthansa competitor announced in Paris on Friday. However, the company's third-quarter results slightly missed analysts' expectations. Because Group CEO Benjamin Smith also did not comment on the current quarter, shareholders were concerned. The Air France KLM share price fell sharply. In the morning, the share fell by almost seven percent.

Colgate-Palmolive gets more optimistic on quarterly price hikes

NEW YORK - U.S. consumer goods company Colgate-Palmolive is becoming slightly more confident about 2023 due to price increases and a recovery in demand. Net income is expected to increase six to eight percent year-over-year, including acquisitions in the pet food sector, the company announced Friday in New York. Previously, group CEO Noel Wallace had penciled in a percentage point less at the low end. Third-quarter sales were up from the previous quarter, he stressed. Shares were up slightly in pre-market U.S. trading.

U.S. oil company Chevron earns less than expected - stock slips

SAN RAMON - U.S. oil company Chevron posted a surprisingly sharp drop in third-quarter profit. Below the line, the company earned 6.5 billion U.S. dollars due to lower energy prices a good 40 percent less than a year earlier, as it announced on Friday in San Ramon (California). A year ago, Russia's war against Ukraine sent oil prices skyrocketing and caused a profit glut at the company. Adjusted for special items, Chevron's July-September earnings of $3.05 per share missed analysts' expectations by a wide margin. The stock lost 2.1 percent from the previous day's close in early U.S. trading, although oil prices rallied sharply before the weekend due to the Middle East conflict.

ROUNDUP 2: Chemical group Covestro becomes more cautious - no Adnoc news.

LEVERKUSEN - Chemical group Covestro is once again becoming more cautious for the current year due to a continued lack of recovery in demand. "The outlook for our core industries, with the exception of automotive, has deteriorated further for the year as a whole," new Chief Financial Officer Christian Baier said Friday, according to a statement. Meanwhile, the new Group forecasts come as little surprise. Just the day before, Wacker Chemie had become more cautious for 2023. There was no news, which investors had hoped for, about the talks with Abu Dhabi National Oil (Adnoc) about a possible takeover of Covestro by the oil company. Covestro CEO Markus Steilemann merely emphasized this morning that the talks would continue to be open-ended.

^

Further news

-ROUNDUP: Diagnostics specialist Stratec lowers sales forecast again - share rises

-Holcim boss: internal successor for chief executive post - announcement 2024

-More commercial vehicles registered in the EU

-Aero engine maker Safran sticks to profit target despite Boeing's problems

-ROUNDUP: Hypoport lowers revenue outlook due to real estate financing issues

-Holcim raises profitability target - Good business with roofing systems

-Consolidated Vinci reports significantly higher sales

-Market researcher: Apple catches up with Samsung in smartphones

-Report: Musk sees YouTube and LinkedIn as rivals to X

-Hertz hits the brakes on electric car fleet expansion

-Oil and gas group Eni earns more than expected despite profit slump

-Roche receives US approval for eye drug Vabysmo in additional indication

-Novartis confirms unrestricted supply of Pluvicto

-Fewer new buildings: Sales decline at materials group Saint Gobain

-ROUNDUP: Ford promotes unfinished electric pickup ahead of Tesla's market launch

-Southwest Airlines orders another 108 Boeing 737 Max aircraft

-Ford again posts big loss on electric cars

-Audi makes more sales and less profit

-Online retailer Signa Sports United files for insolvency

-Hurricane 'Otis' damages 80 percent of hotels in Acapulco

-Starting signal for hydrogen network -New energy in old pipes

-Bomb threats hit French regional airports again

-Biden calls for tightening of gun laws after fatal shooting

-ROUNDUP/Survey: More than every second large company uses job ticket scheme

-Winter flight schedule: Key regions lose direct flight connections

-ROUNDUP: Demands 'unfulfillable' - Deutsche Bahn relies on mediated wage talks

-ROUNDUP: When theme park visits become a luxury - High prices

-Constitutional Council approves France's plans for nuclear waste repository

-New nationwide warning strikes in wholesale and retail trade

-Regional rail traffic in Bavaria more unpunctual than at any time since 1996°.

Customer Notice:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha