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Wednesday, October 16, 2019

Tag: profits

DRB Hicom to gain from Proton’s positive growth

National carmaker expected to be back in the black for the financial year of 2019.

UniCredit cuts revenue target as it struggles to spur growth

Second-quarter revenue declines by 4.6%, hit by slowdowns for lending, trading and fees, while profit missed analyst estimates.

Ferrari’s growth momentum on profit, shipments slows down

Ferrari’s profit and shipments slowed from more buoyant demand at the start of the year.

Bursa Malaysia profit drops 23.6% in first half of 2019

It attributes the decline to a 14% drop in operating revenue.

Puma ups 2019 ambitions after strong Q2, Man City deal

A Manchester City sponsoring deal has resulted in Puma's strong sales and profits in its second quarter.

Higher sales in US, other markets boost McDonald’s earnings

McDonald's chief executive Steve Easterbrook has emphasized improvements to core menu items, as well as investments in smartphone apps and food delivery as elements to boosting sales.

Nissan braces for pain as weak profits force restructuring

As part of the planned cost reduction measures, Nissan is considering production cuts in markets including Southeast Asia and Latin America.

Citigroup profit beats estimates on gains in consumer lending

Total loans at the third-largest US bank by assets rose 3% to US$689 billion, while deposits increased 5% to US$1.05 trillion, excluding foreign exchange fluctuations.

Musk: Tesla has a ‘decent shot’ at a record quarter on...

Musk soothes investor concerns by saying the electric vehicle maker has a shot at a record quarter.

Disney parks lift earnings, ‘Avengers: Endgame’ streaming date announced

Growth at Disney parks in the United States boosted results above analyst expectations.

Electronics Arts jumps after Apex Legends helps fuel results

It’s a sign Electronic Arts can go toe to toe with Epic Games’ Fortnite, an early battle-royale hit that has become a cultural phenomenon.

MAHB registers record profit after tax of RM727.3 mil for FY18

The airports operator hopes to replace the baggage handling system and aerotrains at KLIA.

Philips sinks teeth into profits

Philips' net profit climbs by over 30% in the first quarter, buoyed by sales of oral healthcare products.

BMW blames trade headwinds, emissions tests for weaker 2018

The group's bottom line also suffered as it was ordered to recall over a million diesel cars to replace faulty components.

MAHB profit surges to RM727.30 mil

The airport operator expects Malaysian passenger traffic to grow by 4.9% in 2019.

Bayer faces new marathon after mammoth Monsanto merger

Bayer sold off part of its existing seeds and pesticides businesses to rival BASF to get the Monsanto deal past competition authorities.

Under Armour reins in discounts, beats holiday-quarter profit forecasts

Under Armour's Class A common shares rose 2.7% in early trading following the results.

Money laundering scandal sees ING’s profits dip

The Dutch bank's earnings fell by 4.1% to US$5.4 billion despite growth in its client base.

Panasonic cuts profit outlook on slowing China demand, Tesla business a...

Panasonic forecast an operating profit of 385 billion yen (US$3.51 billion) for the year ending March, down from the previously predicted 425 billion yen.

Exxon Mobil profit tops estimates as production rebounds

Pretax earnings in its refining business were US$2.7 billion, up US$1.70 billion over the same period the year prior.

Facebook sees higher profits, more friends

The social media giant's revenue soars 30% from a year ago to US$16.9 billion.

Global gasoline margins plunge due to overproduction, tepid demand

Adding to the overproduction by refiners are concerns that fuel consumption will decline because of a global economic slowdown.

UBS annual profits jump to US$4.9 billion

UBS' net income for 2018 as a whole was up by 25% from the previous year.

Goldman Sachs profits top forecasts as legal costs rise

The firm also notched higher revenues in financial advisory services, but lower sales in debt and equity underwriting.