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Yokohama Rubber raises profit forecast after Q2 resultsYokohama Rubber raised its full-year operating profit forecast to ¥192.5 billion from ¥188 billion after the results of the second quarter beat market expectations.
The company's operating profit for the second quarter was ¥51.4 billion, which is 35% higher than the previous year's figure and exceeds the consensus forecast of about ¥45 billion.
Yokohama Rubber raises profit forecast after Q2 results
Yokohama Rubber raised its full-year operating profit forecast to ¥192.5 billion from ¥188 billion after the results of the second quarter beat market expectations.
The company's operating profit for the second quarter was ¥51.4 billion, which is 35% higher than the previous year's figure and exceeds the consensus forecast of about ¥45 billion.
The company's operating profit for the second quarter was ¥51.4 billion, which is 35% higher than the previous year's figure and exceeds the consensus forecast of about ¥45 billion.
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Citi recommends buying Ford shares after the report. Why does the bank expect them to rise by 30%?Analysts at Citigroup raised their rating for Ford Motor stock from Neutral to Buy after the automaker’s earnings beat market expectations. At the same time, the bank increased its target share price based on updated forecasts from $19 to $20, implying upside of nearly 31% relative to the closing price on July 29.
Citi recommends buying Ford shares after the report. Why does the bank expect them to rise by 30%?
Analysts at Citigroup raised their rating for Ford Motor stock from Neutral to Buy after the automaker’s earnings beat market expectations. At the same time, the bank increased its target share price based on updated forecasts from $19 to $20, implying upside of nearly 31% relative to the closing price on July 29.
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Continental sells ContiTech to Lone Star for €4 billionContinental AG on Saturday agreed to sell its ContiTech division to the private investment company Lone Star Funds for €4 billion. In addition, further payments linked to performance are provided, amounting to up to €250 million in the following years. Thus, the German manufacturer of automotive components and tires is exiting the industrial business.
Continental sells ContiTech to Lone Star for €4 billion
Continental AG on Saturday agreed to sell its ContiTech division to the private investment company Lone Star Funds for €4 billion. In addition, further payments linked to performance are provided, amounting to up to €250 million in the following years. Thus, the German manufacturer of automotive components and tires is exiting the industrial business.
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