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Apollo Hospitals Enterprise reported a 62.64% year-over-year profit increase in Q2, with revenue rising 15.32%. The earnings per share reached ₹26.34, reflecting strong operational efficiency. Analysts remain optimistic, with 13 recommending a 'Buy' and 6 a 'Strong Buy' out of 24.
Teva Pharmaceutical Industries Limited reported third-quarter sales of USD 4,332 million, up from USD 3,850 million a year ago, but faced a net loss of USD 437 million compared to a net income of USD 69 million last year. For the nine months, sales increased to USD 12,315 million from USD 11,389 million, while the net loss widened to USD 1,422 million from USD 1,022 million. Basic and diluted loss per share from continuing operations were both USD 1.26, compared to USD 0.91 a year ago.
Toyota reported a 20% drop in operating profit to 1.16 trillion yen in Q3 2024, marking its first decline in two years due to production challenges and market issues in Japan and the U.S. The company faces intensified competition from Chinese brands, impacting its margins and market share.In response, Toyota plans to reduce incentives and improve production, with a revised annual forecast of 10.85 million vehicles. Despite these challenges, it maintained its full-year profit outlook at 4.3 trillion yen, which positively influenced its stock performance.
The event at the Chamber of Deputies focused on the social value of cryptocurrencies and Web3, highlighting their potential for financial inclusion and philanthropy in Italy. Gianluigi Guida, CEO of Binance Italy, warned that a proposed tax increase on cryptocurrency capital gains could hinder innovation and competitiveness, stressing the technology's role in supporting humanitarian efforts and transparency in charitable donations. Binance Charity has already contributed over $20 million to various projects, showcasing the tangible benefits of blockchain beyond mere investment.
Recursion Pharmaceuticals Inc (RXRX) is set to release its Q3 2024 earnings on November 6, with revenue expected at $29.84 million and a loss of $0.37 per share. For the full year, revenue estimates have risen to $69 million, with a projected loss of $1.63 per share. Analysts have set a 12-month average price target of $10.14, indicating a potential upside of 53.22% from the current price of $6.62.
Dabur is currently trading at 46x/40x on FY26/FY27E P/E, with a 2-3% EPS trim for FY25-27E. Despite a slight miss in Q2FY25 results due to distributor inventory corrections and adverse weather impacting beverage sales, the company anticipates a recovery in revenue growth and stable margins in H2FY25. Analysts maintain a positive outlook, citing favorable risk-reward dynamics following a stock price correction.
A potential Trump victory could have mixed effects on Europe, with increased military spending, tariffs, and geopolitical uncertainty leading to a projected 1% GDP reduction. While some view this as a catalyst for European unity and defense autonomy, others fear it may embolden far-right populism and strain transatlantic relations.
BYD has surpassed Tesla in quarterly revenues for the first time, reporting $28.2 billion in sales, driven by record sales of 1.12 million electric vehicles and plug-in hybrids. While BYD's net income reached a record $1.6 billion, it still trails Tesla's $2.2 billion. The competition intensifies as both companies challenge traditional automakers in the electric vehicle market.
Larsen & Toubro, Tata Power, and Procter & Gamble are among 77 companies releasing their Q2FY25 earnings today, with analysts noting mixed results leading to a downward revision in growth projections for the Nifty 50 index. L&T is expected to report a 12-19% increase in core profit, while Cipla's net profit rose 15.2% year-on-year, exceeding expectations. In contrast, Maruti Suzuki reported an 18.1% decline in net profit, attributed to tax liabilities and reduced demand for small cars, as market sentiment remains cautious amid ongoing earnings reports.
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