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The company now expects a net profit of 60 billion yen (USD 572 million) in the fiscal year through March, down from an earlier 80 billion yen forecast, with revenue still expected to come in at 7.4 trillion yen. The firm reports its earnings on Tuesday.
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The Edinburgh-based bank, more than 70 percent owned by the British taxpayer, reported a loss attributable to shareholders of 469 million pounds (USD 570.7 million), compared with a profit of 952 million pounds in the same period last year.
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"Underlying macroeconomic uncertainty and geopolitical tensions continued to contribute to client risk aversion and generally low transaction volumes. Lower than anticipated and negative interest rates still present considerable headwinds," it said on Friday. "These conditions are unlikely to change in the foreseeable future."
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Ford said its net income plunged 56 percent to USD 957 million in the third quarter, down from USD 2.2 billion in the July-September period a year ago.
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Propelled by strong advertising on mobile devices and video site YouTube, Alphabet's net income climbed 27 percent to USD 5.06 billion. Revenue jumped 20 percent to USD 22.45 billion, marking the search giant's seventh straight quarter of double-digit revenue growth.
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Helsinki, Oct 27 (AP) Mobile networks operator Nokia
continued to be hit by a downturn in the industry, reporting a
loss in the third quarter and a 12-percent drop in sales that
saw the company's share price plunge 7 per cent.
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Deutsche Bank hiked the amount of money it has set aside to cover the legal bill for its numerous missteps of the past. Litigation reserves rose to 5.9 billion from 5.5 billion euros at the end of June.
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The British bank's group pretax profits for the three months to the end of September, excluding notable items, was up from 1.4 billion a year ago, above the average forecast of 1.3 billion pounds from analysts polled by the company.
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For the July-September period, Samsung's net income was 4.4 trillion won (USD 3.9 billion), down 17 per cent from 5.3 trillion won a year earlier.
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Citing stable overall sales of 43 billion euros for the period, the company said it would seek to raise deliveries to 670 planes, a rise of 20 aircraft, in order to hit its annual earnings targets.
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Coca-Cola's profit fell 28 per cent in the third quarter, but its results still beat Wall Street expectations.
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That helped push its net profit in the half-year to 38.3 billion yen (USD 368 million), up 234 per cent from the same period the year before.
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Steel prices in China, the world's biggest consumer and producer, have rallied 50 percent this year as Beijing's efforts to reduce a crippling overcapacity in the sector have led to lower inventories of the alloy in the country.
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The company said total payments volume increased 47.1 percent to USD 1.86 trillion on a constant dollar basis in the fourth quarter ended September 30, from a year earlier.
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McDonald's Corp's turnaround remained on track in the latest quarter despite intense competition in the United States, helped by all-day breakfast, "McPick" value promotions and chicken McNuggets with simpler ingredients, the company said on Friday.
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General Electric Co scaled back expectations for its full-year revenue and profit on Friday, overshadowing third-quarter profit that beat analyst forecasts and sending its shares lower.
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The company, the world's biggest maker of mobile network equipment, also said it would introduce further cost-cutting to deal with a weaker mobile broadband market.
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Intel said it expects fourth-quarter revenue of USD 15.7 billion, plus or minus USD 500 million. Analysts on average were expecting USD 15.86 billion, according to Thomson Reuters I/B/E/S.
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Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the USD 4.83 billion deal.
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The firm reported quarterly earnings of USD 1.58 per share on revenue of USD 25.51 billion. Analysts on Wall Street had expected earnings of USD 1.39 a share on about USD 24 billion in revenue, according to a consensus estimate from Thomson Reuters.
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Samsung, in a regulatory filing, also cut its July-September revenue estimate to 47 trillion won from the 49 trillion won it guided for last week.
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Accenture Plc, a provider of consulting and outsourcing services, reported a better-than-expected 7.6 percent rise in quarterly revenue as its investments to boost digital and cloud services pay off.
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AirAsia India saw its net loss narrow to Rs 20.36 crore in the three months ended June amid the no-frills carrier raked in higher revenues during the same period.
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FMCG firm Procter & Gamble Hygiene and Health Care today reported an increase of 2.15 percent in its net profit at Rs 109.40 crore for the quarter quarter ended June 30, 2016.
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However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries.
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Faced with more demanding consumers asking for fresh, healthy products, makers of packaged foods are reformulating recipes, cutting sugar, salt and fat or, a path chosen by Nestle, seek solace in higher-margin "premium" products and health foods.
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Beijing-based Lenovo said in a filing that net profit grew to USD 173 million for the quarter ended June from USD 105 million in the same period a year earlier. That was more than the USD 130.1 million average of analysts polled by Thomson Reuters SmartEstimates.
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The world's biggest mining company said with cost cuts and a reduction in net debt it expects to generate more than USD 7 billion in free cash flow in the year to June 2017, at current prices for iron ore, copper, coal, oil and gas.
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Fidelity, Tesla's largest outside investor, increased its stake in the carmaker by 25 percent to 20.36 million shares as of June 30, according to filings analysed by Thomson Reuters Eikon.
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The world's second largest palm plantation company's earnings before interest, taxes, depreciation and amortization fell 41 percent in the second quarter from a year before to USD86 million. Palm product output in the second quarter fell 37 percent to 455,000 tonnes.
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Alibaba's total revenue rose to 32.15 billion yuan, or USD4.84 billion, in the quarter ended June 30 from 20.25 billion yuan a year earlier.
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Provisions for non-performing loans more than doubled, led by a charge of SUSD 150 million (USD111 million) for Swiber, which has been placed under judicial management. DBS said its total exposure to Swiber was SUSD721 million, revised from SUSD700 million announced previously.
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However, the company's net income fell to USD 252.4 million, or 41 cents per share, in the quarter ended June 30 from USD 420.1 million, or 68 cents per share, a year earlier.
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"The board concluded that the risks and costs inherent in the programme are such that it would not be prudent to continue with this programme," the bank said in the statement. "RBS will instead prioritise exploring alternative means to achieve divestment."
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The US-based firm, which follows January-December fiscal, had posted a net profit of USD 62.7 million in the same period last year, it said in a statement.
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Operating profit at Japan's largest automaker was 642 billion yen (USD 9.85 million), beating an average estimate of 493.5 billion yen from 11 analysts surveyed by Thomson Reuters I/B/E/S/.
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Nokia also on Thursday lifted its cost-cutting target for the 15.6 billion euro merger, sealed earlier this year, saying it was now seeking annual savings of 1.2 billion euros in the course of 2018, compared to above 900 million euros previously.
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The 13th straight quarterly loss for the Silicon Valley electric carmaker underscores the financial hurdles that hamper it while it takes on increasingly ambitious goals - a ten-fold ramp of vehicle production in three years and the recent plan to acquire solar panel installer SolarCity Corp.
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Operating profit at Japan's fourth-largest automaker by sales came in at 59.2 billion yen (USD 586.25 million), better than an average estimate of around 46.72 billion yen from 10 analysts surveyed by Thomson Reuters I/B/E/S/.
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For the first six months of the year, HSBC logged a pre-tax profit of USD 9.71 billion, down 28.7 percent from USD 13.62 billion in the same period a year earlier and the USD 10 billion figure estimated by analysts in a Reuters poll.
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The billionaire Anil Agarwal-led group had clocked a EBITDA (earnings before interest, taxes, depreciation, and amortisation) of USD 644.6 million in the first quarter of last fiscal.
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Online giant Amazon has said profit in the second quarter surged ninefold to USD 857 million, lifted by cloud services as the tech giant expanded
its offerings.
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Core profit (EBITDA) almost doubled in the second quarter compared to the same period last year to USD 1.77 billion, well above the USD 1.57 billion expected in Reuters poll of eight analysts.
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The world's biggest online retailer's shares were up 2 percent in after-hours trading on Thursday.
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The results put to rest lingering concerns about how the rise of mobile might impact Google, which has a strong mobile presence with its Android smartphone operating system but has long relied on desktop search traffic to power its profits.
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Facebook provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world's most popular app and social website trounced Wall Street's estimates, sending its shares to an all-time high.
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Renault today posted a 7.5 percent increase in net profit in the first half, a result the French automaker said was a record in terms of profitability.
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Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related to 2015's diesel emissions cheating scandal.
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Healthy telecommunications operations in Japan offset losses at Sprint, helping lift quarterly sales 3 percent to 2.13 trillion yen (USD 20.3 billion). April-June 2015 profit had totaled 213.4 billion yen.
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The world's second-largest TV maker behind Samsung Electronics Co Ltd said in a regulatory filing its April-June profit more than doubled from a year earlier to 585 billion won (USD 521 million), matching its earlier guidance.
