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Earnings News

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
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