Monday, 9 December 2019

Tag Archives: revenue

Mylan NV shares slide after warning of hit to revenue

MORGANTOWN: Generic drugmaker Mylan NV said reevaluation of its portfolio of medicines will continue next year and cautioned of a hit to revenue, and its shares nearly 6%. Mylan, which posted higher-than-expected third-quarter profit with the help of cost constraints, said it would reassess products it sells outside United States ...

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Sales growth eases at Kering’s star Gucci brand

PARIS: Sales at Gucci rose more slowly than expected in the second quarter, taking the shine off a jump in profit margins at the Italian fashion label which contributes the bulk of revenue and profit at luxury group Kering. Investors are keeping a close watch on the extent to which ...

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Uber posts $1 bn loss in Q1 on growing revenue

SAN FRANCISCO: Ride share giant Uber reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue climbed 20 percent to $3.1 billion from the same quarter last year, but ...

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AT&T misses revenue estimates as pay-TV subscribers bleed away

NEW YORK: AT&T Inc’s first-quarter revenue fell short of Wall Street estimates after it lost subscribers in nearly all of its main businesses except wireless, where it paid heavily to gain customers through price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and ...

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Twitter posts revenue rise, surprise growth

LONDON: Twitter Inc. posted better-than-expected quarterly revenue and a surprise rise in monthly active users, showing its efforts to delete spam accounts and better police posts were paying off by attracting more users and ad dollars. Twitter shares surged nearly 10 percent shortly after the first-quarter earnings announcement in premarket ...

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Huawei says expects 2018 revenue at $109b, up 21%

HONG KONG: Huawei Technologies’ rotating chairman Guo Ping said in his new year’s address that the Chinese tech giant’s revenue in 2018 is expected to be $108.5 billion, up 21 percent year-on-year. Guo said Huawei has secured 26 5G contracts. Smartphone shipments in 2018 are expected to surpass 200 million ...

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