International Results

China's Alibaba quarterly revenue surges 54% to $7.7 bn

Revenue for the company, seen as a benchmark for China's increasingly crucial consumer sector, reached 53.25 billion yuan (USD 7.7 billion) in the quarter, it said in a statement.

LG Display reports record Q4 profits; panel prices may rise more

The world's biggest liquid crystal display (LDC) maker said the profit was caused by the upward trend of panel prices and a favourable foreign exchange rate.

Samsung Q4 profit up as record chip earnings mask Note 7 failure

The South Korean electronics manufacturer is counting on the booming chip market to continue driving growth as it works to recover from its biggest product recall crisis involving fire-prone Note 7 smartphones.

WNS to Release Fiscal 2017 Third Quarter Financial and

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its fiscal 2017 third quarter financial and operating results at approximately 6:00 a.m. Eastern on Thursday, January 19, 2017.

LG Electronics says it likely swung to Q4 operating loss

LG did not elaborate on reasons why it expected to record a loss, compared with a 349 billion won profit a year earlier.

Nike's revenue beats estimates

Nike's net income rose to USD842 million, or 50 cents per share, in the second quarter ended Nov. 30, from USD785 million, or 45 cents per share, a year earlier.

Adobe revenue beats on creative cloud unit strength

Revenue from the company's creative cloud unit, its largest business by revenue, rose 33 percent to USD 886 million.

Oracle's revenue growth falls short of analysts' expectations

Oracle, which gets little more than half of its revenue from outside the United States, said revenue in the latest second quarter was hurt by the dollar's gains, especially since the U.S. election, and an unforeseen Egyptian currency exchange loss.

ABN Amro Q3 profit up 19%, beats forecasts; to shed more jobs

ABN Amro Group reported on Wednesday a better-than-expected 19 percent rise in third-quarter underlying profit at 607 million euros (USD 652 million), helped by a growing Dutch economy and fewer bad loans.

Vodafone loss doubles to $5.5 billion due to India write-down

Vodafone said its loss after tax soared to 5.1 billion euros (USD 5.5 billion) in the six months to September 30, compared with a net loss of 2.5 billion euros one year earlier.

Toshiba first-half profit triples on asset sales

The vast conglomerate posted an April-September net profit of 115.3 billion yen (USD 1.08 billion), well up from 37.3 billion yen seen a year ago.

ArcelorMittal posts $680 net profit in Sept qtr

Steel major ArcelorMittal today reported a net profit of USD 680 million in the third quarter ended September 30 on account of improved market conditions and better utilisation of operational efficiencies.

Cognizant Q3 net up 11.8%, tweaks FY16 revenue guidance

US-based IT services company Cognizant has posted 11.8 per cent increase in net profit to USD 444.4 million for the July-September quarter compared to USD 397.2 million in the same period last year.

Cognizant cuts CY2016 guidance to $13.5 bn

US-based technology firm Cognizant Technology Solutions posted strong numbers for the third quarter ended September with quarterly revenue rising 8.4 percent to USD3.45 billion from the year-ago quarter and 2.5 percent sequentially

SoftBank's quarterly profit doubles on strong Japan results

Tokyo-based Softbank's fiscal second quarter profit totaled 528.6 billion yen (USD 5.1 billion), up from 258.6 billion yen last year, boosted by a favorable exchange rate, as well as by healthy operations in Japan, the company said.

HSBC Q3 pretax profit sinks 86%

The bank's reported pretax profit was USD 843 million in the September quarter, down from USD 6.1 billion in the same period a year ago, HSBC said in a Hong Kong stock exchange filing on Monday.

BMW posts flat profits as investments erode automotive margins

BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38 billion euros (USD 2.64 billion), in line with the 2.37 billion euros consensus estimate in a Reuters poll.

Alibaba revenue beats expectations with strong e-commerce growth

Revenue reached 34.3 billion yuan (USD 5.07 billion) in the three months to September 30, compared with the 33.9 billion yuan average of 24 analyst estimates surveyed by Thomson Reuters.

Pfizer earnings tumble on lost patents, higher costs

Sales of the muscle pain drug Lyrica dropped due to lost patents in Europe, while revenues from the Prevnar vaccine declined on flagging sales momentum following a late 2014 launch.

Thomson Reuters reports slightly lower third-quarter net profit

Thomson Reuters Corp on Tuesday reported slightly lower quarterly revenue excluding currency effects and said it would take a charge of USD 200 million to USD 250 million in the fourth quarter to simplify and streamline its business.

Pfizer profit just misses; company scraps cholesterol drug

Pfizer Inc, the largest US drugmaker, reported a quarterly adjusted profit that just missed analysts' estimates, and the company shaved 4 cents off its 2016 earnings forecast after scrapping development of a cholesterol-lowering treatment.

BP beats quarterly earnings estimates, trims spending

BP's underlying replacement cost profit, the company's definition of net income, fell to USD 933 million, compared with USD 780 million expected by analysts and down from USD 1.8 billion a year earlier.

Sony cuts profit view on battery business sale

The company now expects a net profit of 60 billion yen (USD 572 million) in the fiscal year through March, down from an earlier 80 billion yen forecast, with revenue still expected to come in at 7.4 trillion yen. The firm reports its earnings on Tuesday.

RBS sinks to Q3 loss on misconduct, restructuring charges

The Edinburgh-based bank, more than 70 percent owned by the British taxpayer, reported a loss attributable to shareholders of 469 million pounds (USD 570.7 million), compared with a profit of 952 million pounds in the same period last year.