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Monday, October 21, 2019

Tag: profits

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.

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Tencent logs big profit rise despite China game crackdown

Tencent's earnings were hotly anticipated after the company posted a 2% year-on-year fall in profit in the preceding quarter.

Russia’s Rosneft nearly triples Q3 net income

The Russian giant's higher income is due to a positive exchange rate and an increase in production following an agreement by OPEC and other top producers including Russia to ease oil supply curbs.

Ferrari revs up, doubling third-quarter profit

Ferrari said total shipments for the period came in at 2,262 - 1,005 to Europe, the Middle East and Africa - for a rise of 10.6% while deliveries to China, Hong Kong and Taiwan were up 6.6% while sales to the remainder of Asia rose by a quarter.

Exxon Mobil, Chevron earnings jump on higher oil prices

Results for the two biggest oil companies reflected the boon from rising prices, which averaged US$69 a barrel on international markets during the quarter, compared to just US$48 a year earlier.

Shell accelerates share buybacks as profits soar

Shell said it completed the first tranche of buybacks in October for US$2 billion and was launching a second tranche on Thursday of up to US$2.5 billion.

Airbus says Q3 net profit more than triples to 957 mn...

The results reflected the "good performance" of the key A350 long-haul twin-jet, Airbus head Tom Enders said.

Panasonic first-half profit sags on higher costs

Net profit fell 4.5% on-year to 113.6 billion yen (US$1 billion) in the six months to September at the Osaka-based company, which supplies battery cells to Tesla.

Volkswagen profits soar as diesel scandal costs fade

Net profit at the Wolfsburg-based group more than doubled year-on-year between July and September, to 2.76 billion euros (US$3.14 billion).

Nintendo first-half profit up 25% on Switch console sales

The Kyoto-based game giant reported net profit for the six months to September of 64.6 billion yen (US$574 million) on sales of 388.9 billion yen, up 4.0%.

HSBC sees little impact on Saudi Arabia investment after Khashoggi murder

HSBC has played an increasingly active role in Saudi Arabia in recent years and its Chief Executive John Flint said the bank will remain supportive of its local affiliate in the kingdom, Saudi British Bank (SABB).

BASF confirms weaker 2018 forecast in ‘challenging’ climate

BASF was especially hard hit by the knock-on effect of tough new EU emission rules for cars that slowed auto production across the industry from September.

Twitter tops earnings estimates, lifting shares

The San Francisco group delivered a US$789 million profit, including one-time gains, compared to a net loss of $21 million in the previous year, as revenues grew 29% to US$758 million.

Boeing profits surge after tax settlement, raises earnings estimate

Boeing reported profits of US$2.4 billion for the quarter ending September 30, a 30.6% jump from the same period of the prior year. Revenues rose 3.8% to US$25.1 billion.a

Electronics giant Philips posts mixed results in Q3

Best known for the manufacture of light bulbs, electrical appliances and television sets, Philips has gradually pulled out of these activities in face of fierce competition from Asia.

Daimler cuts 2018 profit forecast on diesel woes

Daimler was forced to trim its outlook for the first time four months ago, blaming new tariffs on cars exported from the United States to China as part of President Donald Trump's festering trade spat with Beijing.

Procter & Gamble’s profits rise despite currency drag

P&G has notified retailers in the US of price hikes on "several" products in home care, oral care and personal care that will be implemented in the coming months.

Uniqlo operator logs record profits

Uniqlo represented 80% of the turnover and the firm said it expected growth to continue at the brand, which now sponsors tennis stars Roger Federer and Kei Nishikori.

Strike-hit Ryanair warns on profits, signals job cuts

The Dublin-based carrier cut its annual net profits forecast by 12% owing to recent walkouts by pilots and cabin crew that has forced it to cancel hundreds of flights over the summer peak season.

Surge in Q2 profit masks underlying challenges for AirAsia

AirAsia plans to add five more aircraft to its fleet through operating leases in the second half of 2018 and deploy them to AirAsia X Malaysia and AirAsia X Thailand, it said in a statement.

ICBC profit rises most since 2014 amid China de-risking campaign

The order to step up lending comes against a backdrop of rising corporate defaults and a surge in bad debt in the second quarter, though most of the increase came from rural lenders.

Epic fare war crushes profits in booming Indian airline market

The Indian commercial aviation industry has been in shakeout mode ever since the government ended a state monopoly enjoyed by Indian Airlines in 1994.

Anti-hero ‘Deadpool’ gives life to Fox earnings

Media group 21st Century Fox, most of which is being sold to Walt Disney Co., on Wednesday topped earnings expectations with help from the latest film devoted to anti-hero "Deadpool."