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Earnings News

Could it soon be game over for the Fortnite craze?

Paris - It is a question that millions of parents want answered: will the wildly popular online survival battle game Fortnite soon lose its grip on the attention of their school-age children?

PetroChina's profits double as oil prices soar

China's biggest oil producer PetroChina said Thursday its net profit more than doubled in the first half of the year as global crude prices soared.Net profit surged 113.7 percent from the same period last year to 27.1 billion yuan ($4.

HSBC to pay $765m US fine over crisis-era conduct

London - Britain's Asia-focused bank HSBC on Monday revealed a $765-million US fine over the lender's actions in the run-up to the subprime crisis, as it also logged rising first-half profits.

HSBC pre-tax profit up 4.58% at $10.7 bn in first half

Fpo - Banking giant HSBC said on Monday that pre-tax profit rose 4.58 percent to $10.7 billion in the first six months of the year and voiced "cautious optimism" despite the China-US trade row.

Automaker shares fall sharply after being hit by Trump tariffs

Ford, General Motors, and Fiat Chrysler cut profit forecasts and their shares fell sharply on Wednesday, in a clear sign the global trade war is hurting the world’s largest car makers.

Microsoft profit climbs as cloud grows

San Francisco - Microsoft on Thursday said its revenue and profit climbed in the recently ended quarter, getting results from its bets on cloud computing services and artificial intelligence.The US tech giant reported its net income increased 10 percent to $8.

Netflix shares dive as subscriber growth misses mark

San Francisco - Netflix shares plunged Monday after the leading streaming television service said subscriber growth fell short of expectations in the recently ended quarter.Membership in the quarter grew 5.

Struggling Toshiba returns to black, avoids delisting

Apo - Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange.

Emirates airline profit more than doubles on cargo demand

Dubai - Leading Middle East airline Emirates said on Wednesday its net profits had more than doubled last year, mainly on improved cargo business.

Toyota posts record profit but warns on outlook

Apo - Japanese car giant Toyota reported a record full-year net profit Wednesday thanks to a weaker yen and US tax cuts, but warned about the outlook for the next 12 months.

Mexico's Pemex back in black, but production drops

Mexico - Mexican state oil company Pemex returned to profit in the first quarter of the year, it reported Friday, but falling production continued to dog the firm.Pemex posted net profits of 113 billion pesos ($6.

Amazon delivers hefty profits, led by web services

San Francisco - Internet colossus Amazon on Thursday reported that its quarterly profit more than doubled on soaring revenue from online commerce and cloud services.Amazon said it earned $1.

Volkswagen sees 'good start' to 2018 despite slip in profits

Frankfurt Am Main - German car giant Volkswagen on Thursday reported a drop in profits but nonetheless said strong sales got the year off to "a good start", as new CEO Herbert Diess pushes on with a post-dieselgate revamp of the behemoth.

Profits up at Facebook, no impact from privacy scandal

San Francisco - Facebook on Wednesday reported a sharp jump in profits in the past quarter, with gains in its user base and strong ad growth as the social network appeared to see no impact from a controversy over privacy.

Profits up at Facebook, with no impact from privacy scandal

San Francisco - Facebook on Wednesday reported a sharp jump in profits in the past quarter, with gains in its user base and strong ad growth as the social network appeared to see no impact from a controversy on privacy.

Twitter momentum grows with second straight profit quarter

Washington - Twitter reported its second consecutive quarterly profit Wednesday in a positive sign for the short messaging service after years in the red.

Privacy fears weigh on Facebook with earnings ahead

San Francisco - Facebook reports quarterly results Wednesday as it grapples with a data privacy scandal that strikes at how the huge social network makes money from what it knows about people.

Google parent Alphabet profit leaps on ad growth

San Francisco - Google parent Alphabet on Monday reported a surge in quarterly profits, lifted by strong growth in the digital advertising segment it dominates along with Facebook.Profit in the first three months of 2018 soared more than 70 percent from a year to $9.

No plan to boycott Russia World Cup over spy poisoning: Adidas

Frankfurt Am Main - The chief executive of German sportswear maker Adidas said Wednesday it stood by its sponsorship of this year's football World Cup in Russia, as tensions mount between Moscow and London over the poisoning of an ex-spy on British soil.

Hong Kong's Cathay Pacific posts HK$1.26 bn loss for 2017

Fpo - Hong Kong flag carrier Cathay Pacific on Wednesday announced a HK$1.26 billion ($161 million) net loss for 2017, marking the first back-to-back annual loss in its 71-year history.

Volkswagen profit roars back two years after 'dieselgate'

Frankfurt Am Main - The world's largest carmaker Volkswagen appeared back in racing form Friday, as its 2017 results revved back to levels not seen since before its devastating "dieselgate" emission cheating scandal.VW said in a statement it had booked an 11.

Volkswagen net profit more than doubles in 2017

Frankfurt Am Main - The world's largest carmaker Volkswagen said Friday it more than doubled net profits in 2017, with record sales helping it overcome headwinds including its long-running diesel scandal.VW said in a statement it had booked an 11.

Twitter hits milestone with first-ever profit

Washington - Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals.Twitter shares leapt 18 percent to $31.

Facebook booming even as time spent on it drops

San Francisco - Facebook on Wednesday reported a big jump in profits even though people are spending less time on the world's biggest social network.

UBS pockets 14% profit rise

Zurich - UBS said Friday its net profit climbed 14 percent in the third quarter to 946 million Swiss francs (814 million euros, $946 million) and Swiss banking giant expressed confidence about improving market conditions.

Uber earning engine purrs despite bumpy road

San Francisco - Uber's financial engine appeared to be purring despite its image being dented so badly its chief was pressured to resign.Earnings figures first reported at news website Axios and confirmed by AFP showed that adjusted net revenue at Uber was $1.

Alibaba profit nearly doubles on robust revenues

Shanghai - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing.

Alibaba quarterly profits almost double to $1.55 bn

Bejing - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping.

Toyota logs first annual profit fall in five years

Toukyo - Toyota on Wednesday reported its first drop in annual net profit for five years, while it unexpectedly warned that earnings would fall again owing to pricey US customer incentives and a forecast pick up in the yen.

VW confirms forecast after jump start to 2017

Frankfurt Am Main - German carmaker Volkswagen on Wednesday confirmed its forecasts for 2017 after boosting revenue and profits in the first quarter, even as its emissions cheating scandal continues to make headlines.The group reported net profit of 3.
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