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Takata posts third annual loss in past 4 years on recall costs

The loss for the year ended in March, in line with estimates given earlier this week, was its third in the past four financial years.

Toyota forecasts 35% net profit fall this year on strong yen

After net profit rose 6.4 percent in the year ended March to 2.31 trillion yen (USD 21.26 billion), Toyota is forecasting it will drop this year to 1.5 trillion yen. That is far short of an average estimate of 2.25 trillion yen for the current year, based on predictions from 28 analysts polled by Thomson Reuters I/B/E/S.

Nokia's network sales miss forecast, ups savings target

In its first unified earnings report since taking control of rival Alcatel-Lucent in January, Nokia also nudged up its cost-cutting target for the merger, saying it was now seeking savings of "above" 900 million euros (USD1 billion) in the course of 2018, compared with "approximately" 900 million euros previously

ArcelorMittal Q1 net loss down to $416 mn; reports higher debt

ArcelorMittal today said its net loss narrowed down to USD 416 million (about Rs 2,766 crore) in the quarter ended March 31, but the steel giant reported a rise in debt to USD 17.3 billion during the period.

Cognizant Q1 net up 15%, revenue to grow 10-13% in FY16

Cognizant has lowered its revenue forecast for the fiscal 2016 to be in the range of USD 13.65-14 billion from its earlier estimate of USD 13.65-14.2 billion.

China e-commerce giant Alibaba's quarterly revenue leaps 39%

Revenue hit 24.18 billion yuan (USD 3.75 billion) for the three months to March, it said in its quarterly results announcement, defying both China's economic slowdown and increasing competition in the world's biggest e-commerce market.

News Corp's quarterly revenue falls 7.3 %, posts loss

The 7.3 percent fall in revenue was worse than analysts had expected, but the company's shares were flat after-hours.

Shell makes further spending cuts after BG deal

In its first earnings results since its February 15 USD 54 billion acquisition of BG Group, the Anglo-Dutch company reported current cost of supplies (CCS) earnings excluding identified items, the company's definition of net income, of USD 1.55 billion, compared with analysts' expectations of USD 1.04 billion.

BNP Paribas net profit rises but investment bank takes hit

Net income came in at 1.814 billion euros (USD 2.09 billion), up 10 percent from the same quarter in the previous year and above a forecast of 1.664 billion euros. Underlying net profit accounting for one-off items came in at 1.607 billion, up 4 percent year-on-year.

UBS sees strong net new money, CEO remains cautious

UBS's wealth management businesses attracted net new money of 29 billion Swiss francs between January and March, which was a quarterly record since 2008.

HSBC first quarter profit falls a smaller than expected 14 %

HSBC, Europe's biggest bank, reported on Tuesday a pretax profit of USD 6.1 billion for the first three months of this year, down from USD 7.1 billion a year ago, but above the average forecast of USD 4.3 billion from analysts polled by the company.

WNS reports 7.4% jump in Q4 revenue at $135 million

Adjusted net income (ANI) stood at USD 26.9 million compared to USD 22.9 million in Q4 of last year.

Amazon profit crushes estimates as cloud-service revenue soars

The results draw a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Shares of the world's biggest online retailer jumped nearly 13 percent to USD 679 in extended trading on Thursday.

Sony logs biggest FY profit in 8 years on restructuring, games

Operating profit more than quadrupled to 294.2 billion yen (USD2.70 billion) for the year ended March, roughly in line with the firm's forecast announced earlier this month.

Deutsche Bank net profit down 58% at $267 million

The group posted a revenue decline of 22 percent year-on-year to 8.1 billion euros which it said "reflected a challenging environment and the impact of strategic decisions to downsize and exit certain businesses."

Facebook revenue smashes expectations as mobile ad sales surge

The company's shares rose 9.5 percent in after-hours trading on Wednesday to USD 118.39, setting it on track to open at a new high on Thursday, at nearly triple its initial public offering four years ago.

Twitter stock plunges after revenue misses estimates

Twitter shares plunged 13.6 percent to USD15.34 in late trade on Tuesday after reporting lower-than-expected revenue, hurt by weaker than expected spending by big advertisers, and providing a current-quarter revenue forecast well below analysts' expectations.

LG Display first-quarter down 95% versus year ago

A reduction in component costs as well as favourable exchange rates had caused some analysts to lift their forecasts for LG Display's January-March earnings.

Apple's nine-year iPhone juggernaut stops with decline in sales

The company's sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues.

As tide turns against chip space, Samsung edges ahead of rivals

A plunge in PC sales and slower growth for smartphones globally has hit the sector hard, prompting Intel Corp to say this month it would cut up to 12,000 jobs.

EBay attracts more shoppers, earnings beat expectations

The e-commerce company has been executing its plan to offer a bigger selection of products, new brands and more small business sellers on its platform, along with getting sellers to offer detailed product data and reviews, Chief Executive Devin Wenig said on a conference call.