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  • Walmart Q1 profit dragged down as inflation takes a bite May 18, 2022 06:38 AM IST

    Walmart Q1 profit dragged down as inflation takes a bite

    The company also on Tuesday cut its full-year earnings forecast, sending shares down more than 8% in morning trading.

  • Saudi oil giant Aramco's first-quarter profits surge 80% May 16, 2022 06:37 AM IST

    Saudi oil giant Aramco's first-quarter profits surge 80%

    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

  • ArcelorMittal Q1 net income jumps over 80% to $4,125 million May 05, 2022 12:28 PM IST

    ArcelorMittal Q1 net income jumps over 80% to $4,125 million

    It had posted a net income of USD 2,285 million for the year-ago quarter, the company said in a statement.

  • Cognizant reports highest-ever increase in quarterly revenue May 05, 2022 09:33 AM IST

    Cognizant reports highest-ever increase in quarterly revenue

    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.

  • Nokia results beat on 5G demand amid supply chain shortage Apr 28, 2022 12:25 PM IST

    Nokia results beat on 5G demand amid supply chain shortage

    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.

  • Pinterest posts strong quarter on ad spending boost Apr 28, 2022 06:29 AM IST

    Pinterest posts strong quarter on ad spending boost

    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.

  • PayPal shares rise despite cut in annual profit view Apr 28, 2022 06:26 AM IST

    PayPal shares rise despite cut in annual profit view

    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.

  • Airbnb posts $55 million 4Q profit, revenue above 2019 Feb 16, 2022 07:02 AM IST

    Airbnb posts $55 million 4Q profit, revenue above 2019

    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.

  • ArcelorMittal posts three-fold jump in Q4 net income at $4,045 million Feb 10, 2022 02:31 PM IST

    ArcelorMittal posts three-fold jump in Q4 net income at $4,045 million

    The company had posted a net income of USD 1,207 million in the year-ago period.

  • Ericsson profit beats expectations on 5G demand despite China setback Oct 19, 2021 10:55 AM IST

    Ericsson profit beats expectations on 5G demand despite China setback

    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.

  • Samsung Electronics likely to report best quarterly profit in 3 years Oct 06, 2021 07:28 AM IST

    Samsung Electronics likely to report best quarterly profit in 3 years

    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.

  • Tesla reports stronger-than-expected Q3 sales Oct 03, 2021 09:29 AM IST

    Tesla reports stronger-than-expected Q3 sales

    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 Q1 profit zooms to $142 million amid all-round growth Jul 29, 2021 02:49 PM IST

    Airtel Africa Q1 profit zooms to $142 million amid all-round growth

    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.

  • ArcelorMittal reports higher Q2 results, to start $2.2 billion share buyback program Jul 29, 2021 11:42 AM IST

    ArcelorMittal reports higher Q2 results, to start $2.2 billion share buyback program

    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.

  • Samsung Electronics forecasts strong chip demand as Q2 profit jumps Jul 29, 2021 07:26 AM IST

    Samsung Electronics forecasts strong chip demand as Q2 profit jumps

    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.

  • Vodafone posts 3.3% rise in first-quarter revenue as Europe returns to growth Jul 23, 2021 12:10 PM IST

    Vodafone posts 3.3% rise in first-quarter revenue as Europe returns to growth

    It said it had returned to service revenue growth in Europeas well as Africa, with demand seen in both consumer and business.

  • US stocks fall with tech shares; dollar touches lowest since late February May 19, 2021 07:40 AM IST

    US stocks fall with tech shares; dollar touches lowest since late February

    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.

  • Vodafone misses market expectations with 1.2% drop in earnings May 18, 2021 11:55 AM IST

    Vodafone misses market expectations with 1.2% drop in earnings

    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.

  • ArcelorMIttal posts $2,285 million net income in March quarter May 06, 2021 12:45 PM IST

    ArcelorMIttal posts $2,285 million net income in March quarter

    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.

  • Cognizant Q1 net up 37.6% to $505 million; expects to log 7-9% revenue growth in FY2021 May 06, 2021 11:56 AM IST

    Cognizant Q1 net up 37.6% to $505 million; expects to log 7-9% revenue growth in FY2021

    The company, which follows January-December financial year, said its net profit was at USD 367 million in the March 2020 quarter.

  • Berkshire operating profit rises in Q1CY20, buys back more stock May 01, 2021 06:17 PM IST

    Berkshire operating profit rises in Q1CY20, buys back more stock

    Berkshire Hathaway's Operating profit increased to $7.02 billion, from $5.87 billion a year earlier.

  • Tesla beats quarterly revenue expectations on strong deliveries Apr 27, 2021 10:55 AM IST

    Tesla beats quarterly revenue expectations on strong deliveries

    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.

  • 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.

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