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Earnings News

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.

Daimler races ahead of expectations in Q1

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.

BMW to squeeze more mileage out of luxury segment

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.

Mexico's Pemex cuts losses to $14.3 bn in 2016

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.

EasyJet expects bigger earnings hit from weak pound

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.

Samsung slashes profit estimate after Note 7 disaster

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.

BMW powers through second quarter towards record year

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.

Tata Motors profits soar on strong Jaguar Land Rover sales

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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