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Earnings News

World's biggest chemical company slashes earnings forecast

The world's largest chemical producer, BASF SE, fired a warning shot across industries, saying slowing markets from cars to crops and the impact of the U.S.-China trade war threaten to cut profits by 30 percent this year.

Apple tops forecasts as pivot to services shows progress

San Francisco - Apple delivered stronger-than-expected results Tuesday for the past quarter as gains in services helped offset slumping iPhone sales, sparking a rally in shares of the technology giant.

Mexico's Pemex loses $1.88 bn in Q1

Mexico - Mexican state oil company Pemex registered a loss of 35.7 billion pesos ($1.88 billion) in the first quarter of 2019, it announced Tuesday, falling back into the red despite a government bailout.

Q&A: What can technology firms do to close the gender pay gap? Special

The tech industry is fighting an uphill battle when it comes to gender equality. One study suggests men are offered higher salaries than women for the same job roles 63 percent of the time. Rachel Ernst outlines what can be done.

AFP pares 2018 deficit but forecasts tough 2019

Paris - Agence France-Presse made a net loss of 2.6 million euros ($2.8 million) in 2018, down on 4.8 million in 2017, helped by higher commercial receipts, but warned that 2019 will be a challenging year.

AFP pares 2018 deficit but forecasts tough 2019

Paris - Agence France-Presse made a net loss of 2.6 million euros ($2.8 million) in 2018, down on 4.8 million in 2017, helped by higher commercial receipts, but warned that 2019 will be a challenging year.

Cannabis stocks rally ahead of Tilray earnings report

Stock in Tilray the Canadian pot company now sits finely poised between earnings due on today after the bell and a shortage of stock to short.

Abu Dhabi's Etihad airways posts losses for third year

Abu Dhabi - Abu Dhabi's Etihad Airways posted a loss in 2018 for the third year running, it said Thursday, blaming investment losses and challenging market conditions.

Hong Kong's Cathay Pacific back to profit after two years in red

Fpo - Hong Kong flag carrier Cathay Pacific on Wednesday announced a net profit of HK$2.35 billion ($299 million) last year, ending two successive annual losses after a massive overhaul.

Target announce big growth, boosted by online earnings

Target announced its fourth quarter earnings this morning, with brick-and-mortar sales growth of nearly 3 percent, and online sales growth of 31 percent. The growth in both areas show changing consumer preferences.

Dubai budget airline flydubai loses $43.5m in 2018

Dubai - Dubai budget carrier flydubai chalked up a loss of $43.5 million in 2018, it said Wednesday, as airlines across the Gulf struggle with mounting costs and political tensions.

HSBC profits rise in 2018 but last quarter hit by trade jitters

Fpo - Banking giant HSBC said on Tuesday that pre-tax profit rose last year but it suffered a bruising final quarter as worries over the global economy and the US-China trade war began to bite.

HSBC pre-tax profit up 16% at $19.9 bn in 2018

Fpo - Banking giant HSBC said on Tuesday that pre-tax profit rose 16 percent to $19.9 billion last year with growth across its global businesses despite a "challenging external environment in the fourth quarter".

Renault profits plunge in first annual earnings since Ghosn arrest

Paris - Renault profits fell sharply last year, the French automaker said Thursday, releasing its first annual results since the shock arrest in Japan of former boss Carlos Ghosn.

Deutsche Bank insists best to come after first profit in years

Frankfurt Am Main - Germany's biggest lender Deutsche Bank reported Friday a profit for the first time in four years, with executives looking to convince investors and media a phase of "controlled growth" has begun.

More U.S. jobs created, but most pay under $20 an hour

The number of workers taken on by U.S. firms increased at the end of 2018, hitting a ten month high, although many of these jobs were in the lower pay range. Will this trend continue into 2019? Signals are this year will see a more precarious situation.

Toyota first-half net profit up 16%, lifts full-year forecast

Apo - Japanese car giant Toyota upgraded its full-year forecast Tuesday, as the firm posted a 16-percent gain in net profit for the six months to September thanks to steady global sales and cost-cutting efforts.

Insight into Alphabet and Amazon third-quarter earnings Special

Alphabet and Amazon have both reported healthy third-quarter earnings. What does this mean for digital advertising? Analysis is provided by Investing.com Senior Analyst, Clement Thibault.

Alibaba revenue jumps ahead of shopping bonanza Singles Day

Bejing - Chinese e-commerce giant Alibaba Friday posted a 54 percent boost in revenue in the second quarter and saw profits rebound ahead of Singles Day, the largest shopping holiday of the year in China.Alibaba reported a net profit of 20 billion yuan ($2.

Twitter surges on profit, revenue growth

Washington - Twitter reported Thursday stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network.

After 'historic' quarter, Tesla looks to Europe, China

San Francisco - Electric car maker Tesla on Wednesday reported an "historic" quarterly profit driven by demand for its mass market Model 3, as the company looks beyond its US home base to Europe and China.

Restructuring fails to halt revenue slide at Deutsche Bank

Frankfurt Am Main - Germany's biggest lender Deutsche Bank reported tumbling profits and ebbing revenues in the third quarter Wednesday, failing to meet analyst forecasts as its latest restructuring weighs on performance.

Ryanair first-half profits fall 7% after widespread strikes

Dublin - Ryanair's first half to September profits fell seven percent to €1.2 billion, the low-cost airline announced Monday, after widespread strike action by pilots and cabin crew disrupted operations.

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.
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