Stock market news

3M

3M's GAAP net income for 3 months of 2023 was $0.981 billion, down 24.7% from $1.303 billion in the previous year. Revenue declined 9% to $8.031 billion from $8.829 billion a year earlier.

General Motors

General Motors' GAAP net income for 3 months of 2023 was $2.346 billion, down 16.4% from $2.807 billion in the previous year. Revenue rose 11.1% to $39.985 billion from $35.979 billion a year earlier.

General Electric

General Electric's GAAP net income for 3 months of 2023 was $6.492 billion, compared to a loss of $1.18 billion in the previous year. Revenue increased 14.3% to $14.486 billion from $12.675 billion a year earlier.

PepsiCo

PepsiCo's GAAP net income for 3 months of 2023 was $1.944 billion, down 2.2 times from $4.273 billion in the previous year. Revenue increased 10.2% to $17.846 billion from $16.2 billion a year earlier.

Spotify Technology

Spotify Technology's IFRS loss for 3 months of 2023 was €225 million, compared to a profit of €131 million in the previous year. Revenue increased by 14.3% to €3.042 billion compared to €2.661 billion a year earlier.

VTB Bank

VTB shareholders at an extraordinary meeting voted to increase the bank's authorized capital by up to ₽93 billion through the placement of 9.3 trillion additional common shares by public subscription. Placement price of securities will be determined at a later date.

Nebius Group

Yandex smart TVs with the voice assistant "Alice" appeared in stores in Kazakhstan. The 43-inch model costs ₸169.99 thousand, the 50-inch model - ₸199.99 thousand.

Chelyabinsk Profiled Steel Decking Plant

Chelyabinsk profiled steel decking plant's IFRS net income for 2022 was ₽202.57 million, up 15% from ₽176.17 million in the previous year. Revenue decreased 3.2% to ₽9.565 billion compared to ₽9.884 billion a year earlier.

Moscow confectionery factory Krasny Oktyabr

Moscow Red October Confectionary Plant's RAS net profit for 3 months of 2023 was ₽741.96 million, up 4.5 times from ₽164.24 million in the previous year. Revenue increased 45.2% to ₽4.783 billion versus ₽3.295 billion a year earlier.

Samolet Group of Companies

Developer Samolet will build a residential complex Strogino Quarter near Myakinino village at 65th km of Moscow Ring Road. On 21 hectares of land it is planned to build almost 130 thousand square meters of housing. The volume of investments will be about ₽41 bln. The project is planned to be completed by 2027.