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  • Wall Street higher but Apple loses ground after event Sep 16, 2020 07:48 AM IST

    Wall Street higher but Apple loses ground after event

    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.

  • Toshiba says likely to report Q1 operating loss on coronavirus impact Aug 12, 2020 07:36 AM IST

    Toshiba says likely to report Q1 operating loss on coronavirus impact

    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.

  • SoftBank drops operating profit measure, points to Vision Fund gains Aug 11, 2020 01:30 PM IST

    SoftBank drops operating profit measure, points to Vision Fund gains

    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.

  • Samsung projects 23% jump in 2Q profit on strong chip sales Jul 07, 2020 10:37 AM IST

    Samsung projects 23% jump in 2Q profit on strong chip sales

    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).

  • China's Lenovo posts 64% slump in quarterly profit, but beats expectations May 20, 2020 06:57 AM IST

    China's Lenovo posts 64% slump in quarterly profit, but beats expectations

    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.

  • Cognizant Q1 net falls 16.7% to $367 million; sees challenging demand environment in 2020 May 08, 2020 09:20 AM IST

    Cognizant Q1 net falls 16.7% to $367 million; sees challenging demand environment in 2020

    The US-headquartered company, which has about 2 lakh employees based in India, had previously withdrawn its FY20 guidance amid uncertainties on account of COVID-19 pandemic.

  • Buffett's Berkshire Hathaway posts record loss on coronavirus, but operating profit rises May 02, 2020 07:14 PM IST

    Buffett's Berkshire Hathaway posts record loss on coronavirus, but operating profit rises

    Quarterly operating profit, which Buffett considers a better performance measure, rose 6 percent to $5.87 billion from $5.56 billion.

  • McDonald's says 25% of stores closed as Q1 sales fall May 01, 2020 07:45 AM IST

    McDonald's says 25% of stores closed as Q1 sales fall

    McDonald's said its sales fell 6 per cent to USD 4.71 billion in the January-March period. Declines have persisted in April.

  • Microsoft revenue beats as remote work boosts Teams Apr 30, 2020 07:55 AM IST

    Microsoft revenue beats as remote work boosts Teams

    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.

  • Facebook sees 'signs of stability' in ad spending after coronavirus drop Apr 30, 2020 07:36 AM IST

    Facebook sees 'signs of stability' in ad spending after coronavirus drop

    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.

  • Southwest Airlines posts 1st quarterly loss in almost a decade Apr 29, 2020 11:28 AM IST

    Southwest Airlines posts 1st quarterly loss in almost a decade

    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.

  • Samsung Electronics sees Q2 profit fall as virus hits sales of smartphones, TVs Apr 29, 2020 07:20 AM IST

    Samsung Electronics sees Q2 profit fall as virus hits sales of smartphones, TVs

    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.

  • HSBC Q1 profit halves on increased loan loss provisions due to coronavirus crisis Apr 28, 2020 11:20 AM IST

    HSBC Q1 profit halves on increased loan loss provisions due to coronavirus crisis

    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.

  • Coronavirus pandemic | Big Banks, readying for a recession, set aside billions Apr 15, 2020 04:20 PM IST

    Coronavirus pandemic | Big Banks, readying for a recession, set aside billions

    First-quarter earnings reports from JPMorgan Chase and Wells Fargo showed the country’s largest banks were preparing for customer pain.

  • ArcelorMittal reports $1.9 bn net loss in Oct-Dec Feb 06, 2020 02:50 PM IST

    ArcelorMittal reports $1.9 bn net loss in Oct-Dec

    The company reported a "net loss attributable to equity holders of the parent" of USD 1.9 billion in the fourth quarter.

  • Cognizant net profit falls 39% to $395 mn in Oct-Dec, expects 2-4% revenue growth in 2020 Feb 06, 2020 10:05 AM IST

    Cognizant net profit falls 39% to $395 mn in Oct-Dec, expects 2-4% revenue growth in 2020

    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.

  • Airtel Africa Q3 net profit jumps 14% to $103 million Jan 28, 2020 12:52 PM IST

    Airtel Africa Q3 net profit jumps 14% to $103 million

    The company's net debt was $3,233 million as on December 2019 against $4,189 million in December 2018.

  • Singtel posts first ever quarterly loss on Bharti Airtel provision Nov 19, 2019 01:39 PM IST

    Singtel posts first ever quarterly loss on Bharti Airtel provision

    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.

  • Walmart Q3 earnings surge to $3.3 bn, beating expectations Nov 14, 2019 07:25 PM IST

    Walmart Q3 earnings surge to $3.3 bn, beating expectations

    "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.

  • Samsung Electronics says Q3 net profit slumps 52% Oct 31, 2019 09:03 AM IST

    Samsung Electronics says Q3 net profit slumps 52%

    "Earnings from the Memory Business slumped significantly year-on-year as memory chip prices continued its downward trend," it said in a statement.

  • Qualcomm hangs on to most Apple gains after earnings report May 02, 2019 07:52 AM IST

    Qualcomm hangs on to most Apple gains after earnings report

    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.

  • Samsung Electronics Q1 profit falls 60% on-year as weak chip prices bite Apr 30, 2019 07:52 AM IST

    Samsung Electronics Q1 profit falls 60% on-year as weak chip prices bite

    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.

  • Facebook beats profit estimates, sets aside $3 billion for privacy penalty Apr 25, 2019 07:40 AM IST

    Facebook beats profit estimates, sets aside $3 billion for privacy penalty

    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.

  • Tesla's Elon Musk 'sees merit' in capital raise, vows profit in Q3 after large loss Apr 25, 2019 07:40 AM IST

    Tesla's Elon Musk 'sees merit' in capital raise, vows profit in Q3 after large loss

    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.

  • Huawei Q1 revenue grows 39% to $27 billion amid heightened US pressure Apr 22, 2019 10:15 AM IST

    Huawei Q1 revenue grows 39% to $27 billion amid heightened US pressure

    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.

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