Chinese tech giant Alibaba's quarterly profit shrinks 29 percent
Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown.
19 hours ago
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Business
News tagged with net profits
Business
Chinese tech giant Tencent says net profits soar in second quarter
Chinese internet giant Tencent announced on Wednesday an 82 percent surge in second-quarter net profit, its biggest jump since late 2020, after a resurgence in its gaming business.
Aug 14, 2024
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1
Business
Foxconn net profit rises in second quarter on AI demand
Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers.
Aug 14, 2024
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1
Business
Siemens profits soar on software demand, AI 'boom'
German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the "boom" in artificial intelligence and customers upgrading power grids.
Aug 8, 2024
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1
Business
Deliveroo shares surge on 'profit milestone'
Deliveroo shares surged more than ten percent Thursday after the international food delivery app struck its first six-month net profit, an achievement described as a "major milestone" by its boss.
Aug 8, 2024
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1
Business
Music and gaming help Sony hike net profit forecast
Sony raised its annual net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in video games and music, as well as image sensors used in iPhones.
Aug 7, 2024
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24
Business
German chip maker Infineon to cut 1,400 jobs
German chip maker Infineon said Monday it will slash 1,400 jobs and relocate 1,400 more due to a tough market environment, as it announced falling profits and downgraded its outlook.
Aug 5, 2024
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17
Business
Nintendo first-quarter net profit sinks as Switch sales slow
Nintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console's successor.
Aug 2, 2024
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1
Automotive
Weak yen helps Toyota compensate for Japan problems
Toyota reported a small rise in net profits on Thursday as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market.
Aug 1, 2024
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1
Business
Airbus first-half net profit halved to 825 mn euros
Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations.
Jul 30, 2024
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