International Results

Renault says Q1 revenue jumps 11.7 % on strong European demand

Revenue increased to 10.5 billion euros (USD 11.86 billion) in January-March from 9.39 billion a year earlier, the company said in a statement.

LG Electronics says Q1 operating profit likely up 66 %

LG Electronics said in a regulatory filing it expects a January-March profit of 505 billion won (USD 441 million), compared with 305 billion won a year earlier. That would be well above an average forecast for 408 billion won from a Thomson Reuters I/B/E/S survey of 25 analysts.

Samsung Electronics profit beats expectations

The outlook will raise hopes the South Korean firm's struggling mobile business is on track to post its first annual profit gain in three years after a healthy start for new premium products and improved mid-to-low tier devices.

Malaysia Airlines has first monthly profit in years, says CEO

The chief executive of Malaysia Airlines said today that the carrier recorded a profit in February, its first positive monthly result in years, and is on track to return to the black by 2018.

BlackBerry posts fresh losses as it focuses on biz software

The Waterloo, Ontario-based firm reported a net loss of USD 208 million for the year ended on February 29, while revenues fell more than 35 percent to USD 2.16 billion.

Huawei 2015 earnings see stronger revenue growth, net profits

Net profit rose to 36.9 billion yuan (USD 5.7 billion), it said in a statement. Huawei, which saw growth in all three of its business units, saw a 37 percent year-on-year increase in global revenues to 395 billion yuan despite economic headwinds.

Samsung Electronics first-quarter profit likely over $5.2 bn

Citing an unnamed source, the paper said January-March earnings for the world's top smartphone maker were boosted by strong sales of the flagship Galaxy S7 smartphones that went on sale in March as well as a weaker South Korean won.

Accenture raises revenue forecast after strong second quarter

Accenture has been investing heavily to boost its digital business, which offers analytics, content management, social media and cloud services to businesses.

Glencore takes $5.8 billion of charges, 2015 profit down 32%

Group adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) totalled USD 8.7 billion, Glencore said, in line with analysts' expectations.

Gamesa profit jumps 85% in 2015

"These figures exceed the company's guidance for 2015 and enable it to step up the targets in the Business Plan for 2017 and bring them forward to 2016," the company said in a press release.

Still strong, China's Baidu sees revenue growth fading

Baidu said revenue, driven by advertising spending, grew 33 percent to 18.70 billion yuan (USD 2.86 billion). That beat the 31.9 percent rise expected by analysts, but was still Baidu's slowest quarterly growth for over seven years as room for expansion in its core Internet search business decreases.

StanChart annual profit falls 84% on bad debts

StanChart said its underlying 2015 pretax profit was USD 800 million, less than a fifth of the previous year's total of USD 5.2 billion. That was lower than analysts' average estimate of USD 899 million, according to Thomson Reuters data.

HSBC reports 1% rise in pre-tax full-year profit to almost $19bn

Full-year profits for last year came in at USD 18.8 billion, missing expectations for USD 21.8 billion, according to a Reuters poll.

DBS beats expectations on Q4 profit but NPL charges jump

DBS's net profit came in at SD1 billion (USD 711 million) in the three months ended December, versus SD838 million a year earlier and above an average forecast of SD978 million from six analysts polled by Reuters.

Volvo Cars high-end drive pays off in 2015 profits

Turnover was up 19 percent on the back of record unit sales of 503,127, up 8 percent from 2014.

United Overseas Bank profit up 0.3 %, says risks manageable

The bank said risks are largely manageable and the underlying economic fundamentals are strong enough to withstand shocks as the region enters a period of slower growth.

Nokia posts strong network result, warns over China slowdown

Nokia's network gear business, which accounts for more than 90 percent of its stand-alone sales, reported fourth-quarter operating profit margin of 14.6 percent, comptechared to 14.0 percent a year earlier and 13.8 percent in a Reuters poll of analysts.

Confident of meeting 10-14% growth guidance: Cognizant India

R Chandrasekaran, Group Chief Executive, Cognizant India,sees a little softness in the first quarter due to the macroeconomic environment dragging financial services and consolidation among peer companies in the healthcare segment.

Cognizant forecast misses estimates as clients cut IT spending

Cognizant's revenue rose 17.9 percent to USD 3.23 billion in the fourth quarter ended December 31.

Suzuki Q3 operating profit up; net profit outlook trimmed

Suzuki cut its annual net profit outlook by 4 percent to 120 billion yen, saying a planned cut in the corporate tax rate will affect its calculations for deferred tax assets. The forecast is, however, still higher than last year's net profit of 96.9 billion yen.

ArcelorMittal launches $3 billion share issue as profits plunge

ArcelorMittal's share price has dropped 60 percent in the past 12 months, cutting the group's market value to just 6.2 billion euros (USD 6.94 billion). The shares were down a further 7.5 percent in early trading on Friday, making them by far the worst performer in the European index.

Toyota says net profit jumps to $16 bn, raises FY forecast

The Corolla and Prius maker also slightly raised its fiscal year profit forecast to 2.27 trillion yen, but unit sales were down in most regions, including Europe and Japan, while North America rose.

News Corp's revenue falls for fourth quarter in a row

Newspaper and magazine publishers have been under unabated pressure to offset a decline in print advertising dollars by shoring up their digital business to attract advertisers and by boosting subscriptions.

Shell reports 44% drop in 4th quarter earnings

Profit adjusted for changes in the value of inventories and one-time items dropped to USD 1.83 billion from USD 3.26 billion in the same period a year earlier, the Anglo-Dutch energy giant said today.