The company also on Tuesday cut its full-year earnings forecast, sending shares down more than 8% in morning trading.
The bumper first-quarter earnings by the firm formally known as the Saudi Arabian Oil Co. show a record net income of $39.5 billion, up fom $21.7 billion during the same period last year.r
It had posted a net income of USD 2,285 million for the year-ago quarter, the company said in a statement.
In comparison, for the March quarter, Tata Consultancy Services Ltd’s (TCS) dollar revenue grew 14.3% in constant currency from a year earlier to $6.7 billion, while that of Infosys Ltd grew 20.6% to $4.3 billion.
The Finnish company has been gaining ground against rivals such as Sweden's Ericsson and China's Huawei after it made its products more competitive by investing heavily in research and found ways to cut costs from other areas.
Like its peers, Pinterest posted strong user growth in the early months of the pandemic as home-bound consumers sought projects to keep themselves entertained. But that boom has faded with the easing of lockdowns, prompting the company to double down on efforts to grow its ad business.
Still, the company reported a modest increase in revenue and user growth, appearing to quell some investor fears. Its shares traded 5% higher after the market closed.
The San Francisco-based short-term-stay company said bookings surged in small and towns and rural areas, and improved even in urban areas, which were hit hardest earlier in the pandemic.
The company had posted a net income of USD 1,207 million in the year-ago period.
The company’s quarterly adjusted operating earnings rose to 8.8 billion crowns from 8.6 billion a year ago, beating the mean forecast of 7.85 billion, according to Refinitiv estimates.
Operating profit for the world’s biggest memory chip and smartphone maker likely jumped to 16.1 trillion won ($14 billion) in the quarter ended September, according to a Refinitiv SmartEstimate from 16 analysts, weighted toward those who are more consistently accurate.
The Palo Alto, California, company’s sales from July through September beat Wall Street estimates of 227,000 sales worldwide, according to data provider FactSet.
Airtel Africa -- which provides telecom and mobile money services, with a presence in 14 countries in Africa -- said that strong revenue growth was recorded in all regions and across key services.
The Luxembourg-based company said second-quarter core profit (EBITDA), the figure most watched by the market, was $5.1 billion, almost seven times higher than the year-ago figure of $0.7 bln and far higher than the average forecast in a company poll of $4.67 billion.
The world’s top maker of memory chips and smartphones posted a 54% jump in operating profit for the second quarter, its strongest result in more than two years, supported by high chip prices and better than expected demand.
It said it had returned to service revenue growth in Europeas well as Africa, with demand seen in both consumer and business.
The Nasdaq also reversed course to end the day lower, while the Dow and S&P 500 added to declines late in the session. The S&P 500 technology index was the biggest drag on the benchmark S&P 500.
The company posted adjusted EBITDA (earnings before tax, interest, depreciation and amortization) of 14.4 billion euros on revenue of 43.8 billion euros, down 2.6%, for the year.
The world's largest steelmaker had posted a net loss of USD 1,120 million in the year-ago quarter, the company said in a statement.
The company, which follows January-December financial year, said its net profit was at USD 367 million in the March 2020 quarter.
Berkshire Hathaway's Operating profit increased to $7.02 billion, from $5.87 billion a year earlier.
The company had said it delivered a record 184,800 vehicles globally in the January to March quarter, beating market expectations on strong demand from China.
The market's rise was limited as Apple Inc's shares lost early gains following its rollout of a new virtual fitness service and a bundle of all its subscriptions, Apple One.
The prediction came after the Nikkei business daily reported that Toshiba likely had a first-quarter operating loss of more than 10 billion yen (72.07 million pounds) as electronic device sales slipped during the virus outbreak.
Chief Executive Masayoshi Son has long pointed to the total value of assets as his preferred measure of success. The Japanese conglomerate plunged to a record operating loss in the year ended March following huge writedowns at the $100 billion fund.