Earnings News
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By AFP
Frankfurt -
A favourable world auto market helped German carmaker BMW to post profits 11 percent higher in the second quarter than the same period last year, results released on Tuesday showed.The Munich-based firm said that it had made 1.95 billion euros ($2.
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By AFP
Mumbai -
India's largest carmaker Tata Motors reported a three-fold increase in quarterly profits Monday, boosted by strong sales of luxury British unit Jaguar Land Rover and a one-off insurance payment.
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By AFP
Toukyo -
Honda said Friday it would recall millions more cars equipped with airbags made by crisis-hit supplier Takata, in a widening of a scandal that has already led to the biggest auto recall in US history.
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By AFP
Frankfurt -
The number of new Volkswagen cars registered in Germany declined by 2.0 percent in November, but VW remained the biggest-selling brand in its home country, official data showed on Wednesday. New registrations of VW cars declined by 2.
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By AFP
Frankfurt -
Deutsche Bank, Germany's biggest lender, unveiled Thursday a massive new cost-cutting drive, saying it would axe thousands of jobs and close down operations in 10 countries after it clocked up record losses in the third quarter.
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By AFP
New York -
The New York Times said Thursday its digital paid subscriptions had topped one million for the first time, as it reported a jump in quarterly profits.
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Apple has announced it has sold 48 million iPhones in the past three months, boosting its total revenue up by over 32 percent based on the same period last year. It refused to say how many Apple Watches were sold though, as Microsoft accepted a huge loss.
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The U.S. Congress must find a way to tax offshore profits stored by some of the world's largest corporations. Currently letting their earnings safely mount up abroad, lawmakers are considering a special "deluxe" tax rate to get money from the companies.
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The previous record was $15.9 billion as set by ExxonMobil in the second quarter of 2012. Apple's figure stands at over $2 billion more than this figure.
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By AFP
New York -
Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.The California Internet company said it earned $312 million on revenues of $1.
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By AFP
London -
Supermarket giant Tesco announced a second drop in annual profits in a row on Wednesday, leaving Britain's biggest retailer hoping that recent expansion into India and China can offset weakness in Europe.
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Doling out deep discounts to shift shoppers back into their stores, the nationwide retailer announced a 16 percent drop in profits.
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By AFP
London -
Supermarket giant Tesco announced a second drop in annual profits in a row on Wednesday, leaving Britain's biggest retailer hoping that recent expansion into India and China can offset weakness in Europe.
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By AFP
New York -
Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.The California Internet company said it earned $312 million on revenues of $1.
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By AFP
Stockholm -
Swedish ball bearing manufacturer SKF, a barometer of global manufacturing, returned to profit in the first quarter of 2014, the company said on Tuesday citing rising sales.
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By AFP
Z -
The world's leading food industry group Nestle saw its sales plunge 5.1 percent in the first quarter, it said on Tuesday, blaming the effect of exchange rates and strength of the Swiss franc.
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By AFP
Bangalore -
Indian outsourcing giant Infosys reported Tuesday a better-than expected 25 percent jump in quarterly net profit, after winning new contracts in Europe and the United States.
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By AFP
New York -
Citigroup reported slightly higher quarterly earnings on Monday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and trading.
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By AFP
Frankfurt -
Loss-making German automaker Opel, a unit of General Motors, could steer back to profit as early as next year, its chief said in an interview on Monday.
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By AFP
New York -
Wells Fargo Friday reported higher earnings on better credit quality as increases in industrial and commercial loans offset declines in many home-lending categories.Wells Fargo, the nation's largest mortgage lender, said first-quarter earnings were $5....
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By AFP
New York -
JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.
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By AFP
Prague -
Czech car group Skoda on Thursday announced record sales in the first quarter of the year, driven mainly by impressive results from China.Sales rose 12.
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By AFP
London -
High street retailer Marks & Spencer posted rising fourth-quarter sales on Thursday, boosted by strong performances for clothing and food, and also at its international division. Sales climbed 1.
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By AFP
New York -
Aluminum giant Alcoa Tuesday reported a quarterly loss due to heavy restructuring expenses after it shut smelters and rolling mills in response to low aluminum prices.
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By AFP
Seoul -
Samsung Electronics said Tuesday its estimated first quarter operating profit was 8.4 trillion won (7.96 billion dollars), meeting market expectations.
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By AFP
Taipei -
Taiwan's struggling smartphone maker HTC posted a net loss of Tw$1.88 billion ($62.3 million) in the first quarter, a figure far worse than the Tw$1.59 billion analysts forecast.Sales in the three months to March fell to a five-year low of Tw$33.
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By AFP
Taipei -
Taiwan tech giant Hon Hai Precision, the world's largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple's new products.
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By AFP
Montreal -
BlackBerry reported fresh losses Friday but offered some reasons for optimism as the smartphone maker struggles to escape from a death spiral.
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By AFP
Montreal -
BlackBerry reported fresh losses Friday but offered some reasons for optimism as the smartphone maker struggles to escape from a death spiral.
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By AFP
Montreal -
The struggling smartphone maker BlackBerry on Friday reported a loss of $423 million in the fourth quarter of its 2014 fiscal year, with revenues plummeting.The company said revenues fell to $976 million in the fourth quarter -- down from $2.
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Earnings Image
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