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Monday, October 14, 2019

Tag: earnings

Nearly half of Malaysians spend more than they earn, survey finds

The survey by RinggitPlus also reveals that 53% of its 8,000 respondents are not able to survive more than 3 months with their savings.

Qantas Airways profits lower after oil prices rise

The Australian flag carrier says its after-tax profit fell to A$891 million, down from A$953 million the previous year.

Pandora’s Harry Potter collection an effort to re-launch brand

Apart from Harry Potter, Pandora also seals a deal with Walt Disney to sell Disney-themed jewellery products to boost its brand image.

Maxis posts RM397 mil in net profit, revenue eases to RM2.21...

Meanwhile, Maxis says they are also making headway with their converged solutions ambitions, done in line with the national digital economy agenda.

Huawei’s revenue surges 23% in 1H19

Huawei has been under immense pressure this year as Washington has lobbied allies worldwide to avoid the company's telecom gear over security concerns.

Ryanair flies into headwinds as profits slide

Ryanair's recent performance has been hit also by pan-European strikes last year that forced it to cancel flights and offer improved pay to staff.

Sports Direct plunges after earnings fall and CFO steps down

Sports Direct also says it has received a payment notice for US$749 million after an audit of its taxes in Belgium.

Tesla’s target to post profit pushed back to Q4

Elon Musk is trying to contain costs while still spending on major initiatives from a Shanghai factory and assembly-line to upcoming models.

Huawei rewards staff for accelerating revenue despite US ban

The company is boosting internal morale, granting awards to a number of employees for helping it avert an immediate crisis ahead of the ban.

Microsoft shares hit record highs, powered by growing cloud sales

Microsoft has gained ground in the past year by bundling its Azure computing service for developers along with Office and other products for end-users.

Netflix shares slide on disappointing Q2 subscriber growth

Netflix says it added 2.7 million new subscribers worldwide in the April-June period, which is well below expectations.

Ryanair says 737 Max groundings to hit 2020 results

With a return date for the Max still uncertain, it has become unlikely that Boeing will be able to hand over all 58 planes that Ryanair was expecting.

Ads in Instagram Explore may be US$1 billion goldmine to Facebook

New advertising will appear when users on the photo-sharing social network tap into Explore posts and scroll to see related content.

Zara-owner Inditex profits jump on record sales

The result is in line with the expectations of analysts surveyed by data company Factset, who predicted an average of 736 million euros.

Uber loses US$1 billion in quarter as costs grow for drivers, food...

Revenue of US$3.1 billion matches the high end of the range Uber forecast for the quarter and the loss of US$1 billion compared with the company's forecast of US$1 billion to US$1.11 billion.

Apple earnings could decline 29% on a China ban, says Goldman

Such a restriction would represent 100% of estimated Apple earnings exposure to both mainland China and Hong Kong.

Britain’s M&S shows pain of latest turnaround with 10% profit fall

Despite the profit fall, M&S says its 'transformation plan' is on track and that the pace of change will accelerate in its new financial year.

Thomas Cook shares collapses on broker warning

The news comes one day after Thomas Cook revealed its first-half losses widened on a major writedown.

Walmart reports jump in profit, warns on tariffs

However, the strong domestic results offset a decline in international sales and profits.

Singapore Airlines profit plunges as fuel costs surge

The airline says future bookings indicate robust demand, but there will an impact from trade disputes and slowing economic growth in key markets.

BMW CEO defends record after first automaking loss in decade

For the second half the year, BMW expects business to improve due to the launch of revamped and new car models.

Alibaba results beat analyst estimates

Revenue for the January-March period rose 51% year on year to 93.5 billion yuan, while net profit was 25.8 billion yuan.

La Liga posts record financial figures

La Liga's football clubs have posted a record revenue of US$5.01 billion for the 2017-18 season.

‘Noisy neigbours’ overtake United as most valuable Premier League club

City owner Sheikh Mansour's model of running the club has ensured that the Citizens are debt free.