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Samsung Electronics Co Ltd is under mounting pressure to produce eye-catching new smartphones after its mobile business shrank 3.5 percent in the second quarter, taking the gloss off a record USD 8.5 billion operating profit.
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Samsung's market share expanded to 33.1 percent. Overall, the global smartphone market grew 47 percent to a record 229.6 million
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Japan's second-biggest automaker by sales volume said net profit had increased to 82.02 billion yen in its April-June first quarter, topping the average estimate of 63.8 billion yen in a Thomson Reuters I/B/E/S poll of five analysts.
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Unilever CEO Paul Polman says: "This set of results clearly demonstrates that the transformation of Unilever to a sustainable growth company is fully on track. The strong Home Care and Personal Care performance is particularly pleasing given increased competitive pressure."
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Hyundai Motor, which combined with its affiliate Kia Motors Corp is the world's fifth-biggest automaker, on Thursday reported a 2.52 trillion Korean won net profit for April to June, compared with a consensus forecast of 2.39 trillion won from a Reuters' poll of analysts.
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The world's No. 1 social network also reported an uptick in daily visitors to its service, allaying worries that a new crop of fast-growing mobile upstarts like WhatsApp and Snapchat could cut into the time consumers spend on Facebook.
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PepsiCo's profits rose in the second quarter as it raised prices and increased sales while cutting costs. Net income at the maker of Mountain Dew and Doritos rose 35 per cent to USD 2.01bn, or USD 1.28 a share, from USD 1.49bn, or 94 cents a share last year.
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Quarterly gross margin in Apple's third-quarter fell to 36.9 percent from 42.8 percent in the year-ago period. It's going to take a new product introduction before earnings turn positive. Investors are looking for a big catalyst to propel it back into being a strong-growth stock.
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The profit compares with 526.7 billion won a year ago and 349.5 billion won in the previous quarter.
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Fullerton India Credit Company Limited registered a profit after tax of Rs 43 crores for the first quarter of the financial year 2013-14, a growth of 51% over the first quarter of the previous financial year.
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Schlumberger Limited reported second-quarter 2013 revenue of $11.18 billion versus $10.57 billion in the first quarter of 2013, and $10.34 billion in the second quarter of 2012.
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Syntel's revenue for the second quarter increased 13 percent to $202.5 million from $179.0 million in the prior-year period, and increased seven percent sequentially from $189.1 million in the first quarter of 2013.
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Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed Network, IT and Application services in India with growing global delivery capabilities, today announced its consolidated results under International Financial Reporting Standards (IFRS) for the first quarter of fiscal year 2013-14.
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After the weak numbers from Microsoft and Google last week, Wall Street is eagerly awaiting the results from some big ticket corporations such as McDonald's, Apple, Boeing, GSK, among others.
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The world's largest software company reported fiscal fourth-quarter profit of 59 cents per share, compared with a 6 cents per share loss in the year-ago quarter when it wrote off the cost of a failed acquisition.
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Google Inc reported consolidated revenue of USD 14.11 billion in the second quarter, compared to USD11.81 billion in the year ago period.
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Bank of America reports Second-Quarter 2013 Net Income of $4.0 Billion, or $0.32 per Diluted Share on Revenue of $22.9 BillionA
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IBM said that a "substantional second-half gain" it was expecting in its previous EPS outlook "will not likely be achieved" by the end of 2013.
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Goldman's investing and lending segment, which tracks its investments in private equity deals, publicly traded stocks, loans and bonds, produced nearly seven times as much revenue in the second quarter as in the same period last year, much more than analysts expected.
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Yahoo Inc trimmed its outlook for 2013 revenue. Yahoo also reported that second-quarter net revenue was down slightly at USD 1.071 billion, though it posted adjusted profit that was ahead of Wall Street targets.
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Citigroup Inc reported a stronger-than-expected 26 percent rise in adjusted quarterly profit as stronger home prices reduced losses on mortgages and trading revenue rebounded.
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Samsung Electronics Co Ltd's shares extended falls to more than 4 percent after its second-quarter earnings estimates released on Friday failed to meet market forecasts.
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BlackBerry, struggling to compete against Apple Inc's iPhone, Samsung's Galaxy smartphones and other devices powered by Google's Android operating system, reported a net loss of USD 84 million, or 16 cents a share, in the first quarter ended June 1.
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CREDIT BANK OF MOSCOW announces sound performance in 1Q 2013 under the International Financial Reporting Standards (IFRS).
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Avantha Group Company CG reported its audited financial results for the 4th quarter and year ended March 31, 2013.
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HP had expected earnings of 81 cents a share on revenue of just over USD 28 billion, according to the average estimate of analysts polled by Thomson Reuters I/B/E/S.
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AirAsia, which had earlier this month said that its passenger numbers were up by 19 percent, saw a fall in profits owing to higher finance costs and foreign exchange loss on borrowings.
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Shares of Wal-Mart fell 2.3 percent in premarket trading to USD 78. The stock had hit a new high of USD 79.96 on Wednesday.
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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.
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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.
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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.
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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.
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IT services company Cognizant Technology Solutions Corp posted a higher quarterly profit on a 23 percent rise in demand from Europe.
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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."
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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.
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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.
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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.
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UBS beat expectations for first-quarter profit thanks to a surge in trading income from its investment bank and more fees from wealthy clients.
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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.
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Norwegian telecoms company Telenor lowered its full-year revenue growth guidance on Friday as weaker-than-expected Indian sales compounded regulatory issues in Pakistan.
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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.
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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.
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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.
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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.
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Yahoo Inc's first quarter revenue fell slightly to USD 1.14 billion from USD 1.22 billion in the year-ago period.
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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.
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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.
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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.
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JPMorgan Chase & Co posted an increase in first-quarter profits on Friday as the biggest U.S. bank benefited from lower expenses.
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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.
