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.

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.

Business

Verizon adds more cellphone customers; profit slips

Verizon's net income fell in the second quarter but a key earnings measure topped analyst expectations as the country's largest cellphone company added more wireless customers.

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.

Business

Air France-KLM profits climb in 'challenging' market

Air France-KLM reported a solid increase in profits Wednesday as more people flew on its network, but growth was held back by higher fuel prices that will put more pressure on the group to find ways to hold down costs.

Business

European price war squeezes Lufthansa hard

European airline giant Lufthansa on Tuesday reported tumbling net profits in the second quarter, saying higher operating costs and a European short-haul price war ate into the bottom line.

Business

Google/Alphabet sees fresh growth amid antitrust woes

Google parent Alphabet's stock price leapt Thursday after reporting stronger-than-expected results in a quarterly update coming amid growing scrutiny of technology firms by antitrust regulators.

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