1+ hour, 33+ min ago  (382+ words) Porsche SE announced first-quarter adjusted profit after tax of "382 million, representing a 21% year-over-year decrease. Following the earnings release, shares dropped 2. 28%. Porsche Automobil Holding SE, PAH3. DE The automotive holding firm recorded a group net loss of "923 million for the period. The…...

1+ week, 22+ hour ago  (529+ words) The iconic Italian luxury automaker surpassed analyst projections for the first quarter of 2026, though results reflected the impact of geopolitical tensions in Iran that disrupted shipments across the Middle East, a strategically important region for the brand. " The Earnings Correspondent…...

1+ week, 6+ day ago  (467+ words) Mercedes-Benz kicked off 2026 on a challenging note, posting a 17. 2% decline in first-quarter net earnings to "1. 43 billion compared to "1. 73 billion in the corresponding period last year. Revenues decreased 5% to "31. 6 billion, though this figure marginally exceeded analyst consensus forecasts. Mercedes-Benz said it…...

3+ week, 6+ day ago  (308+ words) " Wall St Engine (@wallstengine) April 15, 2026 For the quarter ending March 2026, the luxury brand generated "4. 07 billion in revenue, representing organic growth of 5. 6%. While positive on the surface, this figure pales in comparison to the 7. 1% expansion Wall Street analysts had anticipated. The…...

4+ week, 22+ hour ago  (325+ words) The BMW Group posted a 3. 5% contraction in worldwide vehicle deliveries during the opening quarter of 2026, distributing 565, 748 units across its BMW, MINI, and Rolls-Royce portfolio. Bayerische Motoren Werke AG, BMW. DE The decline originated primarily from two critical markets for the…...

4+ week, 1+ day ago  (527+ words) Kering shares retreated sharply on Monday after Morgan Stanley withdrew its bullish stance on the luxury conglomerate, revising its outlook mere days before critical financial disclosures. The investment bank shifted its recommendation from "overweight" to "equal-weight" while reducing its 12-to…...

1+ mon, 3+ day ago  (372+ words) Mercedes-Benz kicked off 2026 on shaky footing, reporting a 6% decline in first-quarter vehicle deliveries to 419, 400 units compared to the same timeframe in 2025. While the overall figure looks concerning, the situation in China reveals a far more troubling picture. " Bloomberg (@business) April…...

1+ mon, 1+ week ago  (333+ words) The initial disclosure of merger negotiations between Est'e Lauder and Puig came on March 23, when both corporations publicly acknowledged ongoing discussions without revealing specific deal parameters. The Est'e Lauder Companies Inc. , EL According to a Bloomberg report published April 1, sources…...

1+ mon, 3+ week ago  (447+ words) On Wednesday, BMW took the wraps off its all-new electric i3 sedan, representing the second vehicle built upon the company's revolutionary Neue Klasse architecture. Bayerische Motoren Werke AG, BMW. DE This introduction represents a clear challenge to Tesla's Model 3 range, and…...

6+ mon, 4+ week ago  (476+ words) LVMH stock posted its largest single-day gain in nearly 24 years on October 15, 2025. The shares surged 14% in Paris trading after the luxury goods giant reported unexpected sales growth. The company's third-quarter revenue increased 1% on an organic basis. This marked the first…...