BYD expects Q3 net profit to double despite slowdowns

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BYD expects Q3 net profit to double despite slowdowns
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BYD Company (BYDDY) shares are trading in the green as the EV maker expects net profit for its third quarter to almost double due to record sales, despite...

) shares are trading in the green as the EV maker expects net profit for its third quarter to almost double due to record sales, despite consumer slowdowns in China's EV market. This comes as General Motors -- A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage.

TORONTO — Scotiabank is cutting about three per cent of its global workforce as a result of changes at the bank and customers' day-to-day banking preferences, as well as ongoing efforts to streamline operations, the bank announced Wednesday. It will also take several charges that total $590 million after-tax, or about 49 cents per share, for its fourth quarter related to the cuts and other changes it is making.

Smead Capital drew parallels between today's stock market and the Tulip Mania of 1636 and the South Sea Bubble of 1720.These growth stocks could make you seriously wealthy, but they're cyclical. So, it may be smart to take an active investing approach. The post 2 Growth Stocks That Could Make You Seriously Rich appeared first on The Motley Fool Canada.The Canadian agricultural industry, especially its publicly traded element, is often overshadowed by giants like energy.

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BYD Reports Surge in Preliminary Net Income on Record High SalesBYD Reports Surge in Preliminary Net Income on Record High SalesBYD Co., China’s top maker of electric cars, said it expects net income for the third quarter may come in as high as 11.5 billion yuan ($1.6 billion) despite slowing growth in sales of new-energy vehicles across the country.
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China's electric vehicle giant BYD sees Q3 net profit as much as doublingChina's electric vehicle giant BYD sees Q3 net profit as much as doublingChinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control...
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