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Thursday, July 18, 2019

Tag: earnings

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.

Samsung Electronics hit with quarterly profit slump

Net profits in the January-March period are the lowest since the third quarter of 2016 for the South Korean electronics giants.

Sony forecasts lower annual profit as gaming business slows

Sony forecast profit for the year through March 2020 at 810 billion yen, versus 894.2 billion yen a year prior.

Microsoft edges toward US$1 trillion valuation on results beat

Software and cloud company stocks have recovered in the first four months of 2019, after a roller coaster end to 2018 that saw shares drop.

Nintendo disappoints with weak earnings, no sign of new Switch

Operating profit was 29.7 billion yen in the three months ended March, compared with the 36 billion yen average of estimates.

Novartis raises profit estimate after quarterly beat

Novartis is narrowing its focus on cutting-edge drugs for cancer and rare diseases.

Harley-Davidson profit tops estimates as Trump weighs in

The company topped expectations for first-quarter profit by more than 30 cents per share.

Twitter tops sales, daily user estimates on product improvements

Twitter, which has a history of being slow to make changes to its service, has recently increased the pace of new product introductions.

Food group Danone keeps goals despite weaker Q1 sales

Danone said the sale of Earthbound Farm would help it improve its recurring operating margin in 2019.

IBM quarterly revenue, full-year forecast disappoints

IBM's revenue slipped 4.7% to US$18.18 billion in the first quarter, and missed the average analyst estimate of US$18.46 billion.

Goldman Sachs reports lower profits as it eyes Main Street growth

Goldman encountered sharp declines in key trading divisions, such as equities and bonds.

LVMH’s new look boosts quarterly sales after designer shuffle

The growth has been driven by China, where booming sales of high-end fashion have resisted an economic slowdown.