Earnings News
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By AFP
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.
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By AFP
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.
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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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
Dubai -
Leading Middle East airline Emirates said on Wednesday its net profits had more than doubled last year, mainly on improved cargo business.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
Washington -
Twitter reported its second consecutive quarterly profit Wednesday in a positive sign for the short messaging service after years in the red.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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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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Earnings Image
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