🚗 Mercedes-Benz announces bad results: profit down, lower sales and pressure on electric cars!
Mercedes-Benz $MBG.DE announced results for 2024 that didn't please too much. Profit dropped by 28 % to 10.4 billion euros, mainly due to lower sales in the key markets of Germany and China. The carmaker is now trying to adapt to the new reality and plans to cut costs by 2027 by 10 %,... Read more
Medtronic $MDT, a leading medical technology company, reported mixed Q3 results . Although earnings per share beat expectations, sales fell slightly short, mainly due to weaker demand for surgical devices. Shares fell more than 7% in response!
🚗 Mercedes-Benz announces bad results: profit down, lower sales and pressure on electric cars!
Mercedes-Benz $MBG.DE announced results for 2024 that didn't please too much. Profit dropped by 28 % to 10.4 billion euros, mainly due to lower sales in the key markets of Germany and China. The carmaker is now trying to adapt to the new reality and plans to cut costs by 2027 by 10 %,...
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Great company, however, I don't find European car companies interesting anymore, as they are really not doing well right now.
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I have $P911.DE in my portfolio and that may be a pretty big deal for them, but I'll still hold.
💉 Medtronic under pressure: Weaker surgical device sales send shares down! 📉
Medtronic $MDT, a leading medical technology company, reported mixed Q3 results . Although earnings per share beat expectations, sales fell slightly short, mainly due to weaker demand for surgical devices. Shares fell more than 7% in response!
...Read more
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I used to follow the company quite a bit and had it on my watchlist, but the performance is lousy, so I haven't bought and probably won't.