Sunday, 16 January 2022

Tag Archives: profit

Walt Disney profit misses on higher investments, shares fall 5%

NEW YORK: Walt Disney Co on Tuesday missed Wall Street estimates for quarterly profit as heavy investments in its digital portfolio outweighed gains from the worldwide success of “Avengers: Endgame”, sending its shares down 5%. Higher spending to ramp up ESPN+ as well as for technology and building of family-friendly ...

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Oracle shares rise; quarterly profit beats estimates

Oracle Corp beat fourth-quarter revenue and profit estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading. Revenue from its cloud license and on-premise license businesses rose 12% to $2.52 ...

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Toshiba profit up on chip business sale

TOKYO: Japanese engineering firm Toshiba reported improved full-year net profit thanks to the sale of its chip business, but said operating profit was sharply down. In the year that ended March, Toshiba’s net profit jumped 26.0 percent to 1.01 trillion yen ($9 billion), chiefly because of “profit from completion of ...

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Adidas profits beat expectations as eCommerce booms

BERLIN: Adidas reported a 17 percent rise in first quarter net profit on Friday, helped by high-margin eCcommerce, even as overall sales growth slowed due to supply chain issues in the North American market, as well as a decline in Europe. Adidas shares, which have risen by a quarter this ...

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Royal Dutch Shell beats profit expectations

LONDON: Royal Dutch Shell reported on Thursday a small drop in first quarter profit to $5.4 billion, but still easily beat forecasts, helped by stronger trading and liquefied natural gas earnings. Shell’s results outshone those of rivals Exxon Mobil, Chevron and BP which all saw sharp declines in profits in ...

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Tesco to report jump in profit

LONDON: Britain’s biggest retailer, is expected to report on Wednesday a 27 percent jump in full-year profit, putting it firmly on track to meet the medium-term targets Chief Executive Dave Lewis set out in 2016, despite the cloud of Brexit. The supermarket group, currently celebrating its 100th year, is being ...

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HSBC pre-tax profit up 16pc at $19.9bn in 2018

HONG KONG: Banking giant HSBC said on Tuesday that pre-tax profit rose 16 percent to $19.9 billion last year with growth across its global businesses despite a “challenging external environment in the fourth quarter”. Adjusted pre-tax profit also rose 3 percent year-on-year to $21.7 billion following the appointment of new ...

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Amazon profit jumps

SAN FRANCISCO: Amazon reported its profit in the past quarter surged on strong holiday retail sales and its soaring cloud computing business. The US tech giant said profit jumped 63 percent from a year ago to $3.0 billion in the fourth quarter as revenues increased 20 percent to $72.4 billion. ...

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Facebook profit climbs along with ranks of users

LONDON: Facebook said quarterly profit climbed to $6.9 billion as its ranks of users continued to grow despite scandals that have dented the leading social network’s image. Revenue soared 30 percent from a year ago to $16.9 billion while the number of people using it monthly rose nine percent to ...

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T-Mobile exceeds expectations for phone subscribers, profit

WASHINGTON: T-Mobile US Inc exceeded Wall Street’s quarterly estimates for net new phone subscribers and profit, driven by its competitive wireless plans and trade-in offers for iPhones aimed at fending off its bigger rivals. Shares of the Bellevue, Washington-based company rose over 3 percent to $66.02 in extended trading. The ...

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