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  • 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.

  • Honda records 20% profit rise on yen, despite recalls

    Honda Motor Co's April-June net profit totaled 186 billion yen (USD 1.5 billion), up from 155.6 billion yen the same period the previous year.

  • ArcelorMittal Q2 net up 3-fold at 9 mn; maintains guidance

    The firm, controlled by NRI billionaire Lakshmi Mittal, had clocked a net profit of USD 52 million in the year-ago period, it said in a statement.

  • LinkedIn's revenue beat fails to connect with investors

    LinkedIn Corp, operator of the biggest social networking site for professionals, reported a better-than-expected 33 percent rise in quarterly revenue on Thursday, driven by strong growth in its business serving recruiters

  • BNP Paribas net profit beats forecasts

    Analysts polled by agency had forecast a net profit of 1.81 billion euros. Revenue for the bank in the second three months of the year was 11.08 billion euros, above analyst forecasts of 10.58 billion euros.

  • Fiat Chrysler raises outlook as Q2 profit jumps 70%

    The rosy results come as the carmaker will be required to pay millions of dollars to get potentially defective Ram pickups and older Jeeps off the road under a deal with safety regulators to settle allegations of mishandling nearly two dozen recalls.

  • RBS reports modest rise in Q2 profit

    The bank made an attributable profit of 293 million pounds (USD 457 million), up 27 percent on the same period last year. Analysts had expected a loss of 260 million pounds, according a range of forecasts provided by the bank.

  • Deutsche Bank earnings overshadowed by legal costs

    The bank reported pretax profit of 1.2 billion euros in the second quarter, up 34 percent on the year and just slightly below expectations. Litigation charges of an equal amount - 1.2 billion euros - burdened the group's bottom line.

  • Sony Q1 operating profit rises 39%, beats estimates

    Sony said April-June operating profit rose to 96.9 billion yen (USD 780.8 million) from 69.8 billion yen a year earlier. That compared with the 73.3 billion average estimate of 18 analysts, agency data showed.

  • Facebook profit falls 9% as costs on mobile growth soar

    Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth.

  • Facebook profit falls 9% as costs on mobile growth soar

    Expenses will grow 55 to 60 percent in 2015 from last year, including an 82 percent jump in the second quarter to USD 2.77 billion, it added.

  • LG Electronics Q2 operating profit skids 60%; Sales Weak

    LG reported a second-quarter operating profit of 244 billion won (USD 210.74 million), compared with a 395 billion won mean estimate from a Thomson Reuters I/B/E/S survey of 33 analysts.

  • BP misses second-quarter profit forecast on spill charge

    The company also lowered its expected full-year organic capital spending to below USD 20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.

  • UBS posts $1.25 bn quarterly profit in early results

    Net profit rose 53 percent on the year to 1.2 billion Swiss francs (USD 1.25 billion), much more than the 3.2 percent rise forecast in a Reuters poll of analysts that was not published before the Zurich-based bank posted earnings.

  • Quarterly sales growth accelerates at Vodafone

    Vodafone reported an acceleration in its main quarterly sales growth on Friday as a cable TV acquisition in its biggest market Germany helped to lift sales and consolidate an overall return to growth for the British firm.

  • Amazon shares soar on surprise profit, value tops WalMart's

    Amazon.com Inc shares surged more than 17 percent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Wal-Mart Stores Inc, the world's largest retailer.

  • Caterpillar CEO: Commodities crush hits revenue

    Caterpillar on Thursday delivered second quarter earnings that matched expectations, but its revenue missed forecasts and the heavy equipment giant cut its full-year sales guidance.

  • GM tops 2Q profit forecasts on trucks, SUVs

    The Detroit company made 67 cents per share from April through June compared with 11 cents a year ago. The year-earlier quarter included USD 1.5 billion in expenses for a string of safety recalls.

  • Unilever's second-quarter sales top estimates

    The results provide evidence that the Anglo-Dutch maker of Dove soap, Lipton tea and Ben & Jerry's ice cream is recovering from a weak 2014, when its business was hammered by slowing emerging markets and currency devaluations. Still, it warned that consumer demand remained weak.

  • Hyundai Motor's 2Q earnings down 24%

    The result was slightly higher than market expectations but underlined ongoing challenges besetting South Korea's largest automaker. Hyundai said China sales declined as the country's local makers of cheap vehicles recorded explosive sales growth.

  • Apple gives weak forecast, shares fall nearly 7%

    Apple Chief Financial Officer Luca Maestri said in an interview the results in China were "spectacular" during the quarter and noted plans to open 40 stores there over the next 12 months.

  • IBM revenue falls for 13th straight quarter; shares dip

    IBM is deep in transition, and has been selling businesses such as low-end servers, cash registers, and semiconductors to focus on high-growth areas like security software, cloud services and data analytics.

  • Morgan Stanley profit falls on compensation costs

    Morgan Stanley, the last big US bank to report second-quarter earnings, said its net income from continuing operations applicable to the company fell to USD 1.67 billion, or 85 cents per share, from USD 1.82 billion, or 92 cents per share, a year earlier.

  • Google shares jump as profits handily beat expectations

    Sales were up from USD15.96 billion. Analysts expected Google to post earnings of USD6.70 per Class A share and USD6.74 per Class C share on USD17.75 billion in revenue, according to a consensus estimate from Thomson Reuters.

  • POSCO Q2 profit up 7.5% on year, in line with estimates

    The figure compared with 565 billion won in operating profit in the same period a year earlier, and 622 billion won in the January-March quarter.

  • Citi net up by over 18% to Rs 3,423 crore in FY15

    Citi India Chief Financial Officer Niraj Parekh expressed satisfaction at the performance saying, it comes in spite of the "uneven" and "unpredictable" growth scenario in the economy.

  • Britain's Tesco reports improvements despite sales drop

    The company also reported a decline in like-for-like sales, which exclude petrol costs and sales taxes, in key Asian markets due to "external conditions".

  • Essar Oil UK posts $70 mn profit in FY15

    Essar Oil UK is the unlisted subsidiary of Essar Energy Ltd and does not give quarterly earning numbers

  • Accenture raises full-year revenue forecast for 3rd time

    The consulting business accounts for a little more than half of Accenture's total revenue, with its outsourcing unit contributing the rest.

  • Taro Q4 net income spikes 70% to $152.3 mn

    Taro Pharmaceutical Industries's fourth quarter net income grew by 70 percent to USD 152.3 million compared to USD 89.6 million in the year-ago period. Higher revenue, operational performance and forex income helped the bottomline.

  • OVL posts 57% drop in net profit at Rs 1,904 cr in FY15

    The company's net profit in the previous fiscal stood at Rs 4,445 crore, the company said in a statement. The revenue fell by 14.63 per cent to Rs 18,491 crore. OVL produced 5.53 million tonnes of crude oil in 2014-15, marginally higher than 5.48 million tonnes a year ago. Gas output was 16.37 per cent higher at 3.34 billion cubic meters.

  • Vodafone returns to quarterly sales growth

    The world's second largest mobile operator said the rise in fourth-quarter organic service revenue of 0.1 percent, which followed 10 quarters of declines, meant that its overall earnings could also stabilise in 2016.

  • Singapore Telecom Q4 net profit rises 4.5%

    Net profit totalled USD 709.4 million) in the three months to March, compared with 898 million Singapore dollars in the same period last year, Southeast Asia's biggest telecom firm by revenue said in a statement. Revenue rose 5.1 percent to 4.34 billion Singapore dollars from 4.13 billion Singapore dollars.

  • Profits fell for 1st time in 6 yrs, see '15 rebound: Suzuki

    Operating profit of the company dropped 4.4 percent to 179.42 billion yen (USD 1.50 billion) in the year ended March, despite a 22.2 billion yen currency gain as the weaker yen boosted the value of overseas sales.

  • Toyota sees third straight record profit year

    After net profit jumped 19 percent in the year ended March to 2.17 trillion yen (USD 18.1 billion), the world's top-selling automaker said on Friday it expects the profit to rise 3.5 percent this fiscal year to 2.25 trillion yen. That's below the average estimate of 2.44 trillion yen from a Agency survey of 27 analysts.

  • Rolls-Royce warns of currency impact on revenues this year

    The company, which also makes military jet engines, propulsion systems for ships and power systems used by oil and gas firms, said 1,300 people had left so far under a plan that foresees 2,600 job cuts.

  • Siemens misses profit expectations, cuts more jobs

    Profit from Siemens' industrial businesses in the quarter to end-March was 1.7 billion euros (USD 1.9 billion) after 98 million euros in restructuring costs for job cuts. That was below a Reuters poll average of 1.78 billion euros.

  • ArcelorMittal's net loss widens to 8mn, cuts capex to bn

    Net sales of the steel major fell by 13.5 percent to USD 17.12 billion during January-March from USD 19.79 billion in the same quarter last fiscal.

  • BMW Q1 profits beat as SUV sales take off

    Earnings before interest and tax (EBIT) came in at 2.52 billion euros (USD 2.83 billion), above the 2.191 billion euros forecast in a agency poll.

  • Cognizant revenue rises 20%

    The company's net profit rose to USD 382.9 million, or 62 cents per share, for the first quarter ended March 31 from USD 348.9 million, or 57 cents per share, a year earlier.

  • Cognizant Q1 net up 9.7%; ups revenue forecast for 2015

    IT services major Cognizant Monday said its net profit has increased 9.7 percent to USD 382.9 million for the quarter ended March 31, 2015.

  • Lloyds Q1 profits up 21% as bad debts fall, margins rise

    The state-backed lender said on Friday it made a pretax profit before one-off items of 2.2 billion pounds (USD 3.4 billion) for the three months to the end of March, at the top end of expectations, according to a Reuters poll of analysts.

  • BNP Paribas Q1 profit rises 17.5%

    Boosted by firm investment banking activity, France's biggest bank reported net income of 1.648 billion euros (USD 1.83 billion), up from 1.403 in the first three months of 2014.

  • Nokia's telecom network profit drops in first quarter

    Overall revenue held up well to come in slightly ahead of forecasts, but Nokia said profits dropped due to lower software sales, higher research and development costs and challenging conditions in Europe and Latin America.

  • Shell profits beat expectations on refining boost

    Shell maintained a dividend of 47 cents per share and said it would use its planned USD 70 billion acquisition of smaller British rival BG Group to further optimise its asset base.

  • Sony sees FY profit surging on camera sensor sales

    Results for the past year were roughly in line with a forecast announced earlier this month.

  • Twitter closes 18% lower on disappointing report

    The 18 percent slide marked Twitter's second-worst day ever, trailing only a 24 percent drop in February 2014. Twitter shares were choppy in extended trading.

  • Has Samsung's strategy 'reached its limits'?

    First quarter net profit fell to 4.626 trillion won (USD 4.34 billion), from 7.574 trillion won a year earlier, as troubles in its mobile division amid cut-throat competition from both Apple and low-cost Chinese manufactures overshadowed success in its chip division.

  • BP profits fall as oil price bites

    The oil price came in at USD 2.577 billion for the first quarter, below the USD 3.225 billion reported in the same period the previous year but above the USD 2.239 billion reported in the last quarter of 2014.

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