Profit
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Moody’s raises full-year profit forecast above estimates on strong product demand
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in third-quarter earnings on Tuesday (Oct 22), on strong…
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UOI profit before tax down 2% to S$22.1 million amid fall in net insurance service and financial results
Its insurance revenue is 14% up to S$79.4 million; other income is 8% higher to S$10.3 million UNITED Overseas Insurance (UOI) posted a profit before tax of S$22.1 million for…
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Logitech raises full-year outlook as sales and profit expectations climb
LOGITECH International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer keyboard and mouse maker said on Tuesday (Oct 22).…
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Maersk raises profit outlook on strong market
Danish shipping group AP Moller-Maersk said on Monday (Oct 21) it had raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption…
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China’s Ping An Insurance posts 36.1% rise in nine-month profit
PING An Insurance (Group) Co of China reported on Monday (Oct 21) a 36.1 per cent rise in net profit in the first nine months of the year, driven by…
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India’s Tata Consumer beats Q2 profit estimates as demand for packaged food rises
Its Indian food business posts a 28% rise in quarterly revenue, as the company expands its distribution network into small towns and villages INDIA’S Tata Consumer Products on Friday (Oct…
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China’s CATL sees faster profit growth in Q3
CHINESE electric vehicle battery giant CATL reported a 26 per cent year-on-year rise in third-quarter profit, a stock filing showed on Friday (Oct 18), accelerating from the previous quarter as…
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AmEx profit beats estimate on robust customer spending
American Express reported third-quarter profit above Wall Street estimates on Friday (Oct 18), as higher spending on its cards offset a hit from bigger provisions for credit losses. The credit…
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Blackstone tops profit estimate as its assets hit record, dealmaking picks up
BLACKSTONE beat Wall Street’s expectations on its key quarterly earnings metric on Thursday (Oct 17), as the world’s largest alternative investment firm’s assets under management (AUM) hit a record US$1.1…
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Taiwan’s TSMC Posts Sharp Rise In Third Quarter Net Profit
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on “extremely robust” demand for…
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TSMC’s third-quarter profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI) applications, reported on Thursday (Oct 17) a forecast-beating 54 per cent jump in third-quarter…
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TSMC’s Q3 profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI) applications, reported on Thursday (Oct 17) a forecast-beating 54 per cent jump in third-quarter…
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Nokia Q3 profit beats expectation, sees signs of recovery
FINNISH telecom equipment supplier Nokia on Thursday (Oct 17) reported a 9 per cent rise in third-quarter operating profit, and echoed rival Ericsson in seeing demand recovery in some areas.…
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China Life says profit to jump up to 185% on market rally
CHINA Life Insurance said profit for the first nine months is expected to increase as much as 185 per cent, buoyed by investment returns. The country’s largest life insurer…
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Morgan Stanley’s profit jumps on recovery in dealmaking
MORGAN Stanley’s profit rose in the third quarter, fuelled by a rebound in dealmaking that also helped its rivals. The investment bank reported a profit of US$3.19 billion on Wednesday…
