International Results

Tesla gained investor backing during second quarter

Fidelity, Tesla's largest outside investor, increased its stake in the carmaker by 25 percent to 20.36 million shares as of June 30, according to filings analysed by Thomson Reuters Eikon.

Golden Agri-Resources Q2 results hurt by low plantation output

The world's second largest palm plantation company's earnings before interest, taxes, depreciation and amortization fell 41 percent in the second quarter from a year before to USD86 million. Palm product output in the second quarter fell 37 percent to 455,000 tonnes.

Alibaba's revenue jump 59%, GMV increases by a quarter

Alibaba's total revenue rose to 32.15 billion yuan, or USD4.84 billion, in the quarter ended June 30 from 20.25 billion yuan a year earlier.

DBS Q2 profit stumbles after exposure to troubled Swiber

Provisions for non-performing loans more than doubled, led by a charge of SUSD 150 million (USD111 million) for Swiber, which has been placed under judicial management. DBS said its total exposure to Swiber was SUSD721 million, revised from SUSD700 million announced previously.

Cognizant Q2 net dips 40% to $252.4 mn on higher tax provision

However, the company's net income fell to USD 252.4 million, or 41 cents per share, in the quarter ended June 30 from USD 420.1 million, or 68 cents per share, a year earlier.

RBS losses widen, unveils plans to offload Williams & Glyn unit

"The board concluded that the risks and costs inherent in the programme are such that it would not be prudent to continue with this programme," the bank said in the statement. "RBS will instead prioritise exploring alternative means to achieve divestment."

Genpact posts 4% rise in Q2 profit; lowers 2016 revenue outlook

The US-based firm, which follows January-December fiscal, had posted a net profit of USD 62.7 million in the same period last year, it said in a statement.

Toyota Q1 operating profit dips 15% as strong yen weighs

Operating profit at Japan's largest automaker was 642 billion yen (USD 9.85 million), beating an average estimate of 493.5 billion yen from 11 analysts surveyed by Thomson Reuters I/B/E/S/.

Nokia posts weak quarterly profits, lifts cost-cut target

Nokia also on Thursday lifted its cost-cutting target for the 15.6 billion euro merger, sealed earlier this year, saying it was now seeking annual savings of 1.2 billion euros in the course of 2018, compared to above 900 million euros previously.

Tesla posts another loss,but says on track for future deliveries

The 13th straight quarterly loss for the Silicon Valley electric carmaker underscores the financial hurdles that hamper it while it takes on increasingly ambitious goals - a ten-fold ramp of vehicle production in three years and the recent plan to acquire solar panel installer SolarCity Corp.

Suzuki Motor Q1 operating profit rises 7% on higher India sales

Operating profit at Japan's fourth-largest automaker by sales came in at 59.2 billion yen (USD 586.25 million), better than an average estimate of around 46.72 billion yen from 10 analysts surveyed by Thomson Reuters I/B/E/S/.

HSBC's first-half pre-tax profit drops almost 29%

For the first six months of the year, HSBC logged a pre-tax profit of USD 9.71 billion, down 28.7 percent from USD 13.62 billion in the same period a year earlier and the USD 10 billion figure estimated by analysts in a Reuters poll.

Vedanta Resources Q1 profit before taxes falls 18% to $527 mn

The billionaire Anil Agarwal-led group had clocked a EBITDA (earnings before interest, taxes, depreciation, and amortisation) of USD 644.6 million in the first quarter of last fiscal.

Amazon quarterly profit jumps ninefold to USD857 million

Online giant Amazon has said profit in the second quarter surged ninefold to USD 857 million, lifted by cloud services as the tech giant expanded its offerings.

ArcelorMittal keeps 2016 outlook after beating Q2 forecast

Core profit (EBITDA) almost doubled in the second quarter compared to the same period last year to USD 1.77 billion, well above the USD 1.57 billion expected in Reuters poll of eight analysts.

Amazon revenue beats estimates as cloud sales surge

The world's biggest online retailer's shares were up 2 percent in after-hours trading on Thursday.

Alphabet posts strong revenue on video market, stock surges

The results put to rest lingering concerns about how the rise of mobile might impact Google, which has a strong mobile presence with its Android smartphone operating system but has long relied on desktop search traffic to power its profits.

Facebook trounces Wall St estimates with sharp ad sales growth

Facebook provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world's most popular app and social website trounced Wall Street's estimates, sending its shares to an all-time high.

Renault posts record profitability

Renault today posted a 7.5 percent increase in net profit in the first half, a result the French automaker said was a record in terms of profitability.

Volkswagen says net profit falls 57% in second quarter

Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related to 2015's diesel emissions cheating scandal.

SoftBank profit up 19% as Japan sales offset Sprint loss

Healthy telecommunications operations in Japan offset losses at Sprint, helping lift quarterly sales 3 percent to 2.13 trillion yen (USD 20.3 billion). April-June 2015 profit had totaled 213.4 billion yen.

LG Electronics Q2 profit at two-year high, mobile remains a drag

The world's second-largest TV maker behind Samsung Electronics Co Ltd said in a regulatory filing its April-June profit more than doubled from a year earlier to 585 billion won (USD 521 million), matching its earlier guidance.

Shell sees quaterly profits plummet 70% as low oil price bites

Shell's second-quarter earnings on a current cost of supplies (CCS) basis attributable to shareholders (excluding identified items) was USD 1 billion, down from USD 3.8 billion in the same period last year, a 70 percent fall.

Credit Suisse back in black with $172 million Q2 net income

The quarterly profit compared to a net loss attributable to shareholders of CHF302 million in the first quarter of 2016, but represented an 84 percent fall on net profits of just over CHF1 billion the same period in 2015.