International Results

GlaxoSmithKline beats forecasts as flu vaccines shine

Shares in Britain's biggest drugmaker has underperformed the European drugs sector by nearly 40 percent in the past five years, following past profit disappointments and a damaging corruption scandal in China.

Hot summer boosts Heineken beer sales

The Amsterdam-based brewer said it sold in July through September 51.2 million hectolitres of beer, which roughly equates to more than 2,000 Olympic-sized swimming pools. Turnover amounted to 5.5 billion euros (USD 6.08 billion).

VW slumps to first quarterly loss in at least 15 years

The German group on Wednesday reported a third-quarter operating loss of 3.48 billion euros (USD 3.84 billion), in line with a 3.47 billion-euro loss forecast in a Reuters poll of analysts.

Twitter's 3Q report illustrates challenges facing new CEO

The numbers covered the three months ending in September, a stretch when Dorsey was serving as interim CEO before Twitter hired him on a permanent basis.

Novartis Q3 income lags estimates as Alcon, $ hit results

Core net income fell 2 percent to USD 3.06 billion, the world's biggest seller of prescription drugs reported, compared to the average analyst estimate of USD 3.128 billion in a Reuters poll. It rose 13 percent at constant currencies.

Philips beats on Q3 profit, but takes a hit in EM

Growth in central and eastern Europe and Asia Pacific was offset by a decline in China, the Middle East and Turkey, the company said in its latest report.

Alibaba Q2 to dim outlook for China consumer spending

Beijing is hoping that private consumption will pick up the slack as exports fall and it tries to rebalance the economy - now heading for its slowest full-year growth in 25 years - away from a reliance on trade and government spending.

Can Apple deliver like other tech titans?

Shares of three technology giants soared Friday after earnings, but one analyst believes Apple lacks a catalyst for a similar spike when it reports next week.

Amazon posts second straight profit powered by Web Services

Amazon, which has historically struggled with profitability while spending to expand beyond its core online marketplace offerings, reined in costs and was helped to profitability by growth at its Amazon Web Services (AWS) segment.

IBM revenue falls more than expected, cuts profit forecast

It was the 14th quarter in a row that IBM has posted a reduction in revenue, as the world's largest technology services company gets rid of low-margin businesses, but has so far failed to make up the shortfall with newer initiatives in the more lucrative area of cloud computing.

Saudi petrochemical giant SABIC Q3 profit drops 9.4%

SABIC posted a net profit of 5.6 billion riyals (USD 1.49 billion) in the July to September period this year compared with 6.18 billion riyals in the same period of 2014, the firm said in a statement. It did not provide an explanation for the price drop.

SAP Q3 operating profit beats estimates on mature markets

SAP said third-quarter operating profit, excluding special items, rose to 1.62 billion euros (1.20 billion pounds), beating the most optimistic estimate among 14 analysts, with individual estimates ranging from 1.45 billion to 1.59 billion euros, according to Thomson Reuters data.

Samsung Elec Q3 profit guidance beats estimates

Samsung, in a regulatory filing, estimated its third-quarter profit at 7.3 trillion won (USD 6.29 billion), its first quarterly profit gain in two years and its biggest since the first quarter of 2014. This compared with a 6.7 trillion won profit tipped by a Thomson Reuters SmartEstimate poll of 30 analysts.

Adobe revenue, profit forecast miss estimates, shares slip

Adobe has been switching to web-based subscriptions from traditional licensed software to help attract more predictable recurring revenue.

Toshiba reports $102 million quarterly net loss

Sales fell 4.5 percent from a year earlier to 1.35 trillion yen, the lowest since the quarter ended December 2012, due to a poor performance in television and personal computer businesses.

Toshiba posts annual net loss of $318 mn

The laptops-to-nuclear conglomerate had at one time expected a 120 billion yen net profit, although it pulled that forecast in May when it announced an accounting probe was being expanded and undertaken by independent investigators.

Walmart earnings miss estimates; company cuts outlook

Net profit attributable to Wal-Mart fell to USD 1.08 per share, in the second quarter ended July 31 from USD 1.21 per share, a year earlier. Analysts on average had expected USD 1.12 per share, according to agency.

China's Tencent posts 25% profit surge in Q2, revenue slows

Net profit for the three months to June 30 stood at 7.31 billion yuan (USD 1.14 billion), up 25 percent from 5.84 billion yuan in the same period last year, while revenue rose by 19 percent from 19.75 billion yuan to 23.43 billion yuan.

Taro Pharma Q1 profit jumps 125%, sales volumes decline 10%

Revenue grew by 65 percent to USD 215 million compared to USD 130.2 million year-on-year. The NYSE-listed company said revenue in Q1FY15 was negatively impacted by a USD 79 million provision for price protection. June quarter‘s price protection provision was USD 14 million, it added.

Air Arabia profits down 12% in Q2

Net profits for the first six months dropped four percent to 237 million dirhams (USD 64 million), the largest budget airline in the Middle East and North Africa said.

Genpact Q2 net up 28% to $62.70 mn

The US-based firm, which follows January-December fiscal, had posted a net profit of USD 48.98 million in the same period last year, it said in a statement.

Cognizant Q2 profit up 9.7%, raises 2015 revenue forecast

Cognizant raised its full year revenue and EPS guidance for the second time this year. "Fiscal 2015 revenue is expected to be at least USD 12.33 billion, up at least 20.1 percent compared to 2014 and non-GAAP diluted earnings per share is expected to be at least USD 3," the software services provider said.

Toyota books third straight Q1 profit record on cost cuts

April-June profit jumped 10 percent to 646.39 billion yen (USD 5.22 billion) versus the 607.5 billion yen average estimate of 11 analysts polled by Thomson Reuters. Operating profit rose 9.1 percent to 756 billion yen on revenue that grew 9.3 percent.

Vedanta Resources Q1 operating profit falls 38% to $644.6 m

The Anil Agarwal-led group had clocked a EBITDA (earnings before interest, taxes, depreciation, and amortisation) of USD 1.04 billion in the first quarter of last fiscal.