Earnings News
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By AFP
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.
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By AFP
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.
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By AFP
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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By AFP
Berlin -
German top-of-the-range carmaker Daimler said its underlying profits overtook expectations and almost doubled in the first three months of the year, driven by the strong performance of its Mercedes-Benz brand.
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By AFP
Frankfurt Am Main -
German luxury carmaker BMW said Tuesday it was planning as many as 40 new top-of-the-range models in the coming years in an effort to catch up after historic rival Mercedes outsold it in 2016.
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By AFP
Mexico -
Mexico's state-run energy giant Pemex reported losses of $14.3 billion for 2016 on Monday, halving its losses from the previous year and saying "austerity" measures were starting to pay off.
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By AFP
London -
EasyJet expects full-year profits to suffer a bigger-than-expected hit with the pound down sharply since the Britain voted to exit the European Union, the no-frills airline said Tuesday.
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By AFP
Seoul -
Samsung Electronics on Wednesday slashed its latest quarterly profit estimate by one third in the wake of a highly damaging recall crisis that ended with the scrapping of its latest flagship smartphone.
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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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Earnings Image
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