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Earnings News

Facebook shares up, but will privacy regulation start to impact? Special

Facebook's stock rose in after-hours trading after the company posted third-quarter earnings that exceeded analysts expectations - at least for now. But what does the future hold for the company and where might the main risks come from?

Google parent Alphabet quarterly profit misses mark

San Francisco - Google parent Alphabet on Monday reported a sharp drop in profit over the past quarter as it ramped up spending for a wide array of new gadgets and services.Profit dipped 23 percent from a year ago to $7.1 billion as revenue grew 20 percent to $40.

Google parent Alphabet profits slip amid bigger investments

San Francisco - Google parent Alphabet on Monday reported a sharp drop in profits over the past quarter as it ramped up spending for the launch of a wide array of new gadgets and services.Profit dipped 23 percent from a year ago to $7.

Google parent Alphabet quarterly profit misses mark

San Francisco - Google parent Alphabet on Monday reported a sharp drop in profits over the past quarter as it ramped up spending for a wide array of new gadgets and services.Profit dipped 23 percent from a year ago to $7.1 billion as revenue that 20 percent to $40.

Speedy delivery hits Amazon's bottom line; shares slump

San Francisco - Amazon on Thursday reported quarterly profits shy of Wall Street forecasts as it poured money into speeding up delivery time to just a day.Net income slid 27 percent from last year to $2.

Amazon shares hit by earnings disappointment

San Francisco - Amazon on Thursday reported that quarterly profits shy of Wall Street forecasts, sending shares of the tech giant tumbling in after-market trades.Net income slid 27 percent from last year to $2.

Cloud computing gains drive up profit for Microsoft

San Francisco - Microsoft reported Wednesday that quarterly profits rose on the back of its thriving cloud computing business which has become a core focus for the US technology giant.Profits rose 21 percent to $10.

Netflix revs up growth as streaming TV war looms

San Francisco - Netflix shares rallied Wednesday after its latest quarterly update showed robust subscriber growth and better-than-expected profits ahead of a major escalation in the streaming television war.

Canopy Growth posts $1 billion loss in first-quarter earnings

In its latest quarterly results, Canopy Growth posted a $1.2 billion loss and lower than expected sales, citing the risk of “oversupply of certain oil and gel-cap formats in certain markets.”

Airbus profits more than double in first half

Paris - European aerospace giant Airbus Wednesday reported profits more than doubled in the first half of the year, a strong result it attributed mainly to increased production of its A320 family of aircraft.It said net profits reached 1.197 billion euros ($1....

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.
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