British bank Lloyds says net profit rockets to $2.5 bn
Net profit surged more than four times to 2.0 billion pounds (USD 2.5 billion, 2.4 billion euros) in 2016 compared with net profit of 466 million pounds a year earlier, LBG said in an earnings release.
World's biggest miner BHP posts soaring second half profit
The underlying profit of USD 3.2 billion and earnings before tax of USD 9.9 billion for the last six months of 2016 exceeded expectations.
Vedanta Group Q3 EBIDTA jumps 79% to $882 mn
The metal and mining conglomerate had clocked a revenue of USD 2.45 billion and had recorded an EBIDTA (earnings before interest, taxes, depreciation and amortisation) of USD 493.6 million in the third quarter of fiscal 2015-16.
Nestle scales back growth targets amid economic jitters
"Two to four percent reflect the macroeconomic uncertainty ... this is a volatile and still somewhat deflationary environment... we felt this was wise and prudent," new Chief Executive Ulf Mark Schneider, who took over on Jan. 1, told reporters at the company's headquarters.
DBS profit slumps to 2-year low, bad debt charges jump
In what has become a test for Singapore's banks, long lauded for their conservative lending standards, many firms in the city-state's oilfield services industry are restructuring their loans, hit by relatively oil low prices, weak charter rates as well as delays to projects.
Schindler Holding FY 2016 results largely in line
"Developments in the Asia-Pacific region during the reporting year were significantly impacted by slower economic growth, tight real estate market in China, and the short-term weakening of the Indian market," the company said on Wednesday.
Britain's Rolls-Royce posts record reported loss
On an underlying basis, profit fell by 49 percent to 813 million pounds, soundly beating market expectations, on revenue 2 percent lower at 13.78 biillion pounds.
ArcelorMittal posts $403 million net profit in December quarter
However, the Luxembourg-based firm had posted net loss of USD 6,886 million in the year-ago period.
Troubled Italian bank BMPS reports 2016 net loss of $3.6 bn
Market forecasters had expected a loss of around two billion euros, according to a consensus of analysts compiled by Factset Estimates.
Cognizant's 8-10% rev guidance to lift Indian IT spirit: IIFL
Cognizant's guidance of 8-10 percent revenue growth for 2017 is a silver lining for the Indian IT sector which has been reeling under a lot of pressure, said Sanjiv Bhasin, Executive VP - Markets and Corporate Affairs, IIFL.
Cognizant net down at $416 mn,to return $3.4 bn to shareholders
IT services major Cognizant today posted 1.8 percent dip in net profit at USD 416 million for the December quarter from USD 424 million in the year-ago period, on account of certain "out-of-period corrections".
Toyota 9-month net profit falls but hikes annual outlook
The Japanese auto giant, which lost its crown as the world's top-selling automaker in 2016, said net profit fell 24 percent to 1.43 trillion yen (USD 12.7 billion) from 1.89 trillion yen a year earlier.
Suzuki Q3 operating profit exceeds forecasts on better margins
Japan's fourth-largest automaker said operating profit rose to 51.9 billion yen (USD 461.13 million) in October-December, up from 45.1 billion yen a year prior and exceeding a median forecast of 43.66 billion yen drawn from 10 analysts in a Thomson Reuters I/B/E/S/ poll.
Sharp raises forecast after 1st quarterly profit in over 2 years
Sharp, a major supplier of LCD panels to Apple Inc, raised its operating profit forecast to 37.3 billion yen (USD 329.85 million) for the year ending in March from an earlier forecast of 25.7 billion, the company said in a statement on Friday.
Deutsche Bank lags rivals with quarterly loss
FRANKFURT (Reuters) - Deutsche Bank fell further behind its Wall Street rivals in 2016, lagging their strong rebound in bond trading in the last three months of the year and increasing pressure on CEO John Cryan ahead of an expected strategy update this spring.
Sony records 84% quarterly profit drop on movie loss
Tokyo-based Sony, which makes the PlayStation 4 game machine and Bravia TVs, reported a fiscal third quarter profit of 19.6 billion yen (USD 174 million), down from 120.1 billion yen the previous year.
Facebook's quarterly revenue surges 50.8%
Mobile ad revenue accounted for 84 percent of company's total advertising revenue of USD 8.63 billion in the fourth quarter ended Dec. 31, compared with 80 percent a year earlier.
iPhone sales lift Apple to record quarter
The results showed strong demand for Apple's iPhone 7 models launched last years, even as profits dipped 2.6 percent to USD 17.9 billion.
Canon Q4 profit down, hurt by yen strength after Brexit decision
Operating profit for the three months to Dec. 31 declined to 80.2 billion yen (USD706.7 million) from 107 billion yen a year earlier, below a consensus estimate of 88.5 billion yen from four analysts polled by Thomson Reuters I/B/E/S.
Whirlpool misses profit expectations as Brexit hits sales
Whirlpool's overall net sales rose 1.7 percent to USD5.66 billion in the quarter ended December 31, but sales in Europe, the Middle East and Africa tumbled 6.7 percent USD1.4 billion.
Intel's quarterly revenue beats estimates
Shares of the world's largest chipmaker rose 2.2 percent to USD38.38 in extended trading on Thursday.
Alphabet posts strong revenue growth, higher taxes hit earnings
While advertising still accounts for the lion's share of Google's revenue, rising 17.4 percent to USD 22.4 billion in the quarter, Alphabet Chief Financial Officer Ruth Porat underscored that the company is broadening its business - pointing to growth in hardware, app sales and the cloud business.
Microsoft profit edges up as it absorbs LinkedIn
The US tech giant yesterday said profits rose 3.6 percent in the second fiscal quarter to USD 5.2 billion, while revenues edged up one percent to USD 24 billion.
Unilever ends the year with sales growth below estimates
Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by demonetisation in India and an economic slowdown in Brazil.
