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Earnings News

Yahoo sees signs of growth in 'core'

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.
In the Media by Sophie Estienne (AFP)

Tesco seeks Asia pick-up after fresh profit setback

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.
In the Media by Ben Perry (AFP)

Target reports 16% drop in earnings

Doling out deep discounts to shift shoppers back into their stores, the nationwide retailer announced a 16 percent drop in profits.
In the Media by Simon Crompton - 1 comment

Tesco seeks Asia pick-up after fresh profit setback

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.
In the Media by Ben Perry (AFP)

Yahoo sees signs of growth in 'core'

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.
In the Media by Sophie Estienne (AFP)

SKF back to profit in first quarter on rising sales

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.
In the Media by AFP

Nestle reports sales slump, blames strong Swiss franc

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.
In the Media by AFP

India's Infosys profit up 25%, beats forecasts

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.
In the Media by AFP

Citi profits up 3.5% on lower costs, improved credit

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.
In the Media by AFP

Opel eyes return to profit in 2015

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.
In the Media by AFP

Wells Fargo earnings rise as credit quality improves

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....
In the Media by AFP

JPMorgan earnings fall 19% on lower mortgage income

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.
In the Media by AFP

Skoda revs up record sales, reports boost in China

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.
In the Media by AFP

Marks & Spencer reports rising Q4 sales

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.
In the Media by AFP

Alcoa reports loss as it shutters capacity

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.
In the Media by AFP

Samsung Q1 operating profit estimated at 8.4 trillion won

Seoul - Samsung Electronics said Tuesday its estimated first quarter operating profit was 8.4 trillion won (7.96 billion dollars), meeting market expectations.
In the Media by AFP

Taiwan's HTC posts $60 mn losses as sales hit 5-year low

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.
In the Media by AFP

Taiwan's Hon Hai profit up 12.7% in 2013 on iPhone demand

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.
In the Media by AFP

BlackBerry posts fresh losses, but sees upside

Montreal - BlackBerry reported fresh losses Friday but offered some reasons for optimism as the smartphone maker struggles to escape from a death spiral.
In the Media by AFP

BlackBerry posts fresh losses, but sees upside

Montreal - BlackBerry reported fresh losses Friday but offered some reasons for optimism as the smartphone maker struggles to escape from a death spiral.
In the Media by AFP

BlackBerry posts fresh losses

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.
In the Media by AFP

China energy giant CNOOC 2013 net profit down 11%

Hong Kong - Chinese state-owned energy giant CNOOC reported on Friday a net profit drop of more than 11 percent for 2013, amid sluggish global and domestic economic growth. Net profit for the 12 months ending December 31, 2013 was 56.46 billion yuan ($9.
In the Media by AFP

Intesa Sanpaolo reports huge loss, boosts balance sheet

Milan - Italian bank Intesa Sanpaolo reported a net loss of 4.55 billion euros for 2013 on Friday, after huge asset writedowns to strengthen its balance sheet in readiness for stress tests.The bank, the second-biggest in Italy, turned in a net loss of 5.
In the Media by AFP

Rusal suffers $3.22 billion net loss in 2013

Hong Kong - Rusal, the world's largest aluminium producer, said Friday its net loss blew out to more than $3 billion last year as it was hit by record low metal prices and one-off restructuring charges.The Hong Kong-listed Russian giant said it lost $3.
In the Media by AFP

Avtovaz reports net loss, new chief promises turnaround

Moscow - The leading Russian carmaker Avtovaz reversed into a net loss last year because of a sales slump on the Russian market, the company reported on Friday.But the new chief executive said he was confident of turning the company round.
In the Media by AFP

H&M plans Asia, online expansion as profits rise

Stockholm - Swedish fashion giant H&M announced strong profits Thursday amid plans for a large-scale expansion of outlets in Asia and online but shares dropped sharply as the figures missed expectations.The group reported a 7.7-percent annualised growth in pro...
In the Media by AFP

China's ICBC 2013 full-year net profit up 10.2%

Hong Kong - The Industrial and Commercial Bank of China, the country's biggest lender by assets, said on Thursday its net profit rose 10.2 percent last year, amid "still-complicated" global economic situation.The bank, a symbol of the nation's financial might, rep...
In the Media by AFP

Profits dip at Austrian banking giant RBI

Vienna - Austrian banking group Raiffeisen Bank International, which has a major presence in central and eastern Europe, said Thursday that net profit fell 20 percent in 2013 to 603 million euros ($831.2 million).The drop was due to higher provisioning for bad ...
In the Media by AFP

Air Berlin seeks recapitalisation, delays 2013 results

Frankfurt - Air Berlin, Germany's second biggest airline, announced that it will postpone its annual earnings news conference as it continues to work on its recapitalisation plans.
In the Media by AFP

Bertelsmann says profits up in 2013, sees further growth

Frankfurt - German media and publishing giant Bertelsmann said on Wednesday it expected further growth this year after a "gratifying" business performance in 2013."Bertelsmann delivered a gratifying business performance in 2013," said chief executive Thomas Rabe."...
In the Media by AFP
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