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
Page 9 - News tagged with quarterly profit
Business
Samsung Electronics expects profit rise on coronavirus demand
Samsung Electronics expects higher first-quarter profits, it said Tuesday, as millions of people working from home in coronavirus lockdowns turn to cloud data services, pushing up demand for its chips.
Apr 7, 2020
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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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Its Wuhan plants shut, Honda reports quarterly profit drop
Japanese automaker Honda reported Friday a nearly 31% dive in its October-December profit as strong demand for its motorcycles failed to make up for falling vehicles sales.
Feb 7, 2020
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Business
General Motors says labor strike led to $194 mn 4Q loss
General Motors reported a fourth-quarter loss on Wednesday due to a lengthy labor strike in the United States, while projecting lower 2020 industrywide sales in the US and China.
Feb 5, 2020
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Business
Baidu Q2 revenue beats expectations but profit drops
Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit.
Aug 20, 2019
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Business
Tencent Q2 earnings beat estimates on gaming growth
Chinese internet giant Tencent said Wednesday its net profit jumped 35 percent in the second quarter, as the company continued to wriggle out of Beijing's crackdown on online gaming and build mobile game growth.
Aug 14, 2019
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Automotive
Ferrari sales, profits accelerate
Luxury sports carmaker Ferrari beat analyst expectations on Friday as sales and profits accelerated in the second quarter despite the global auto market hitting the brakes.
Aug 2, 2019
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Automotive
BMW profits dented by electric vehicle investment costs
German high-end carmaker BMW on Thursday reported slumping second quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting its financial targets.
Aug 1, 2019
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Business
Fiat Chrysler posts weaker sales, higher net profit
Fiat Chrysler (FCA) has been hit by slowing sales that have afflicted the car industry worldwide, but the Italian-US automaker said Wednesday that it nonetheless managed to boost second-quarter profits.
Jul 31, 2019
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