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Sep 16, 2020 07:48 AM IST 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.
Aug 12, 2020 07:36 AM IST 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.
Aug 11, 2020 01:30 PM IST 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.
Jul 07, 2020 10:37 AM IST The South Korean technology giant will release more detailed information when it announces its finalized earnings later this month. It projected its operating profit during the April-June period will be 8.1 trillion won ($6.8 billion). The company's revenue for the quarter is forecast to fall 7% to 52 trillion won ($43.6 billion).
May 20, 2020 06:57 AM IST Lenovo reported a 64% drop in net profit for its fourth quarter ended March to $43 million (35 million pounds) due to disruption cause by COVID-19, beating an average $7.49 million estimate of seven analysts, according to Refinitiv data.
May 08, 2020 09:20 AM IST The US-headquartered company, which has about 2 lakh employees based in India, had previously withdrawn its FY20 guidance amid uncertainties on account of COVID-19 pandemic.
May 02, 2020 07:14 PM IST Quarterly operating profit, which Buffett considers a better performance measure, rose 6 percent to $5.87 billion from $5.56 billion.
May 01, 2020 07:45 AM IST McDonald's said its sales fell 6 per cent to USD 4.71 billion in the January-March period. Declines have persisted in April.
Apr 30, 2020 07:55 AM IST The results reflect Chief Executive Satya Nadella's focus over his six-year tenure on cloud computing, in which companies tap Microsoft's data centers for computing power - a growing business dominated by Amazon.com Inc's Amazon Web Services.
Apr 30, 2020 07:36 AM IST The announcement came a day after Alphabet's Google said a drop in its online ad sales similarly steadied in April. Shares of Facebook, the world's biggest social network and the owner of WhatsApp and Instagram, soared 9% in extended trading.
Apr 29, 2020 11:28 AM IST The airline said trip cancellations have pulled back from a peak in March but remain at levels that Southwest has never seen, as customers scrap plans to travel during the coronavirus pandemic.
Apr 29, 2020 07:20 AM IST Samsung said its first-quarter operating profit rose 3% in the January-March period, in line with an earlier estimate, as the stay-at-home trend due to the COVID-19 pandemic cushioned the virus blow.
Apr 28, 2020 11:20 AM IST Europe's biggest bank by assets said profit before tax came in at $3.21 billion for January-March, down from $6.21 billion a year ago and below an average analyst forecast of $3.67 billion compiled by the bank.
Apr 15, 2020 04:20 PM IST First-quarter earnings reports from JPMorgan Chase and Wells Fargo showed the country’s largest banks were preparing for customer pain.
Feb 06, 2020 02:50 PM IST The company reported a "net loss attributable to equity holders of the parent" of USD 1.9 billion in the fourth quarter.
Feb 06, 2020 10:05 AM IST The company also appointed Vinita Bali, former managing director and chief executive officer of Britannia Industries, as a new independent director, effective February 24, 2020.
Jan 28, 2020 12:52 PM IST The company's net debt was $3,233 million as on December 2019 against $4,189 million in December 2018.
Nov 19, 2019 01:39 PM IST Bharti Airtel said it made a provision of 284.50 billion (USD 3.99 billion) rupees after India’s Supreme Court last month upheld a demand by the telecoms department that wireless carriers pay 920 billion rupees in overdue levies and interest.
Nov 14, 2019 07:25 PM IST "The sales environment in the US continues to be positive, while internationally its softer and we're responding appropriately," Walmart chief Doug McMillon said in a statement.
Oct 31, 2019 09:03 AM IST "Earnings from the Memory Business slumped significantly year-on-year as memory chip prices continued its downward trend," it said in a statement.
May 02, 2019 07:52 AM IST The stock kept most of the 50%-plus gains of the past few weeks, reflecting investor relief that Qualcomm had found a path to resume supplying chips to the iPhone. But Qualcomm's forecasts suggested Apple's licensing fees were not a big enough revenue boost to offset a weakening smartphone market.
Apr 30, 2019 07:52 AM IST Operating profit was 6.2 trillion won ($5.4 billion) in the January-March quarter, in line with the 6.2 trillion won the company had estimated earlier this month.
Apr 25, 2019 07:40 AM IST Shares of the world's biggest online social network jumped more than 10 percent to $200.50 in after-hours trade. They have now regained much of the ground lost last year amid slowing growth and costs associated with the company's privacy scandals.
Apr 25, 2019 07:40 AM IST Tesla plans to resolve logistics issues with global vehicle deliveries after weathering a challenging few months, also marked by staff layoffs and a public spat between Musk and U.S. financial regulators.
Apr 22, 2019 10:15 AM IST The Shenzhen-based firm, the world's biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit.
