Helped by Cairn India, Vedanta core profits up 21% at $4.8b
Buoyed by earnings from subsidiary Cairn India and higher metals production, Vedanta Resources today reported a 21 percent increase in its core profits at USD 4.888 billion for the year ended March, 2013.
Generali Beats Expectations as Cost Cuts Pay Off
The third-largest insurer in Europe reported an increase in net profit to 603 million euros (USD 786.5 million), up 6.3 percent from a year ago.
US companies' overseas earnings hit record $1.9 trn: Study
Large US companies boosted their offshore earnings by 15 percent last year to a record USD 1.9 trillion, avoiding hefty tax bills by keeping the profits abroad, according to a new report.
Groupon quarterly results top estimates, shares jump
Groupon Inc reported better-than-expected quarterly profit and revenue on Wednesday as the company's main daily deals business in North America turned in a strong performance.
Cognizant profit rises on higher demand from Europe
IT services company Cognizant Technology Solutions Corp posted a higher quarterly profit on a 23 percent rise in demand from Europe.
Disney's profit rises on parks, 'Oz' movie
Media giant Walt Disney Co reported a 32 percent increase in profit that beat Wall Street expectations, boosted by higher spending and attendance at US theme parks, and the movie box office success of "Oz the Great and Powerful."
HSBC says Q1 profits jump to $8.4 billion as bad debts drop
HSBC said its first quarter profits almost doubled from a year ago to more than $8 billion as bad debts and costs fell, with Europe's biggest bank showing the benefit of a 3-year restructuring plan.
Berkshire profit rises 51%, shares at record high
Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives.
Genpact Q1 net up 21.3% at USD 46.7m
BPO major Genpact on Thursday posted 21.3 per cent jump in net profit at USD 46.7 million for the first quarter ended March 31, 2013.
UBS posts strong first-quarter on trading income surge
UBS beat expectations for first-quarter profit thanks to a surge in trading income from its investment bank and more fees from wealthy clients.
Samsung Electronics profit up before Galaxy S4 debut
Samsung Electronics reported on Friday its sixth straight quarter of profit growth ahead of the sale of the Galaxy S4 smartphone this weekend, its biggest assault on rival Apple Inc yet.
Telenor cuts revenue outlook as Q1 hits expectations
Norwegian telecoms company Telenor lowered its full-year revenue growth guidance on Friday as weaker-than-expected Indian sales compounded regulatory issues in Pakistan.
Motorola Solutions profit rises 21%
Communications gear maker Motorola Solutions Inc posted a 21 percent rise in quarterly profit, but said it expects second-quarter revenue to be flat to down 2 percent from a year earlier.
IBM first-quarter EPS misses Street on weak yen
IBM Corp , the world's largest technology services company, reported an increase in first-quarter earnings, but missed estimates due to the depreciation of the Japanese yen.
Google posts Q1 revenue of $14 bn
Google Inc reported consolidated first quarter revenue, including its Motorola Mobility business, of USD 13.97 billion, up 31 percent from the year-ago period.
Morgan Stanley posts USD 958 m profit
Morgan Stanley reported a stronger-than-expected first-quarter profit of USD 958 million, compared with a year-earlier loss of USD 119 million, as its wealth management business grew.
Yahoo Q1 revenue $1.14 billion
Yahoo Inc's first quarter revenue fell slightly to USD 1.14 billion from USD 1.22 billion in the year-ago period.
Intel's revenue forecast meets expectations
Intel Corp forecast June-quarter revenue in line with expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones.
Goldman Sachs profit beats estimates
Goldman Sachs Group Inc reported a stronger-than-expected 5.5 percent rise in quarterly profit as it earned more from underwriting fees and its investing and lending business.
Citigroup profit rises 31% as investment banking grows
Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as revenue from its securities and investment banking business swelled.
JPMorgan reports higher first-quarter profits
JPMorgan Chase & Co posted an increase in first-quarter profits on Friday as the biggest U.S. bank benefited from lower expenses.
iGate Q1 net up 44% at USD 34.8 mn
IT firm iGate today posted 44 per cent jump in net profit at USD 34.8 million for the first quarter ended March 31, 2013. This is against a net profit of USD 24.1 million registered in the January-March quarter of 2012, iGate said in a statement.
Adobe results beat as subscription model gains traction
Adobe Systems Inc , maker of Photoshop and Acrobat software, reported quarterly results that beat analysts' average estimates as revenue from subscriptions more than doubled, sending its shares up 7 percent in extended trade.
Cairn net profit dips to $72.6m
UK's Cairn Energy plc today reported a massive drop in its 2012 net profit as oil output fell, and said that it has bought stake in three oil block off Senegal in West Africa.
