Virus pounds global businesses, Netflix and soap aside
The first-quarter 2020 earnings season is as bad as expected, with the coronavirus butchering bottom lines worldwide, except those of Netflix and soap makers.
Apr 23, 2020
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Business
News tagged with operating profit
Automotive
Daimler first quarter operating profits plunge as virus bites
German car giant Daimler has reported a 78-percent drop in preliminary first-quarter operating profits to 617 million euros ($667 million), as the coronavirus wreaks havoc on production and sales.
Apr 23, 2020
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Business
Renault risks 'junk' credit rating, S&P warns
French automaker Renault could see its main long-term credit rating cut to below investment grade by Standard and Poor's, the agency said Wednesday, just days after Moody's lowered its own rating to "junk" status.
Feb 19, 2020
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Business
SoftBank Group nine-month net profit down nearly 70%
Major Japanese technology investor SoftBank Group said Wednesday its net profit plunged nearly 70 percent for the nine months to December as investments in sharing economy companies including WeWork and Uber took a hit.
Feb 12, 2020
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Business
Panasonic April-December operating profit hit by China sales
Panasonic said on Monday its operating profit for the April-December period dropped 18 percent on lower sales in China but it left its full-year forecast intact despite the deadly coronavirus outbreak.
Feb 3, 2020
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Automotive
Costly 'dieselgate' chokes Daimler results in 2019
German auto giant Daimler warned Wednesday that its 2019 earnings could fall short of expectations due to massive new charges over diesel emissions cheating, further clouding the outlook for the vital car sector as a whole.
Jan 22, 2020
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Business
Toyota reports record first-half net profit, sales
Japanese car giant Toyota on Thursday reported record net profit and sales for the first half, with cost-cutting efforts helping to boost its balance sheet.
Nov 7, 2019
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Automotive
Volkswagen confident despite braking car market
German car giant Volkswagen said Wednesday it was confident of hitting financial targets despite a lower unit sales outlook, warning "vehicle markets will contract faster than previously anticipated in many regions".
Oct 30, 2019
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Business
Rolls-Royce expresses optimism over Brexit plans
UK enginemaker Rolls-Royce on Tuesday expressed confidence over plans for Britain's departure from the European Union, but revealed that the pound's Brexit-fuelled slump has left it languishing in the red.
Aug 6, 2019
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Business
Sony first quarter net profit down on one-off factors
Japanese entertainment giant Sony on Tuesday reported a fall in first-quarter net profit due to one-off factors, with operating profit up thanks to strong demand for its image sensors.
Jul 30, 2019
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Profit (accounting)
Accounting profit is the difference between price and the costs of bringing to market whatever it is that is accounted as an enterprise (whether by harvest, extraction, manufacture, or purchase) in terms of the component costs of delivered goods and/or services and any operating or other expenses.
A key difficulty in measuring profit is in defining costs. Pure economic monetary profits can be zero or negative even in competitive equilibrium when accounted monetized costs exceed monetized price.
This text uses material from Wikipedia, licensed under CC BY-SA
