LONDON (Reuters) -Nestle cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth on Thursday as the world's biggest packaged food company failed to grow volumes amid continued price hikes. Nestle said it expects 2024 organic sales growth to be around 2% and an underlying trading operating profit (UTOP) margin of about 17% for the year. Nestle had...

LONDON, Oct 17 (Reuters) - Nestle cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth on Thursday as the world's biggest packaged food company failed to grow volumes amid continued price hikes. Nestle said it expects 2024 organic sales growth to be around 2% and an underlying trading operating margin of about 17% for the year. ...

* Third quarter profit T$325.3 bln (market forecast T$300.2 bln) * Q3 revenue jumps, beats market expectations * Earnings call at 0600 GMT on Thursday * TSMC to update on outlook for current quarter, full year * Share price soars on strong AI-related demand (Releads with profit details) TAIPEI, Oct 17 (Reuters) - Taiwan Semiconductor Manufacturing Co ( TSM ),...

TAIPEI (Reuters) - Taiwanese chipmaker TSMC posted a 54% rise in third-quarter net profit on Thursday that beat market expectations as it continues to reap the rewards of surging demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd ( TSM ) , the world's largest contract chipmaker and a major Apple ( AAPL ) and Nvidia...