Profit
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Tesla’s profit tanks 45 pc in Q2, Musk goes ahead to reveal robotaxi in October
CEO of Tesla MotorsIANS Elon Musk-run Tesla has reported $1.5 billion in profit for the April-June period (Q2) this year, down 45 per cent from the same period in 2023.…
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Aston Martin’s Q2 profit beats market view on special model sales
BRITISH luxury carmaker Aston Martin reported forecast-beating second-quarter profits on Wednesday (Jul 24), powered by stronger sales to dealers of some exclusive models, as it reiterated guidance for hefty profit…
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Deutsche Bank’s profit streak ends with big lawsuit provision
DEUTSCHE Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros (S$1.9 billion) as a provision for a protracted investor lawsuit over…
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Texas Instruments beats quarterly profit estimates as chip demand turns steady
TEXAS Instruments (TI) beat analysts’ estimates for second-quarter profit on Tuesday (Jul 23), powered by stabilising demand for analog chips from markets such as personal electronics and lower manufacturing costs.…
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Tesla’s profit falls short again in a weakened EV market
TESLA fell short of Wall Street profit estimates in the second quarter, extending a rocky start to the year marked by slower sales and mass firings across the company. It…
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Tesla Reports Profit Drop On Price Cuts, Lower Vehicle Sales
Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on artificial intelligence and other technology. Elon Musk’s electric vehicle company…
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Cloud And Search Lift Google-parent Quarterly Profit
Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its cloud and search ads businesses thrived. The tech giant said its net income for the recently ended…
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Coca-Cola raises annual sales, profit forecasts on steady demand
COCA-COLA raised its annual organic sales and profit forecasts on Tuesday (Jul 23), signalling consumers are willing to spend more for the beverage giant’s higher-priced sodas, energy drinks and juices…
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Ryanair quarterly profit plummets as customers baulk at higher fares
The airline is struggling to sell its higher-priced tickets after removing lower-priced fares for last-minute orders LOW-COST carrier Ryanair’s profits slumped by almost half in the three months to the…
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Brokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
This comes after the group increases its commercial aerospace capabilities with new contracts RHB Research has lifted its target price on ST Engineering by 11.1 per cent to S$5 from…
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India’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin
INDIA’S Reliance Industries, a retail-to-telecom conglomerate, reported first-quarter profit on Friday (Jul 19) that missed estimates, hurt by lower margins on fuel sales. The billionaire Mukesh Ambani-led company, India’s largest…
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AmEx’s quarterly profit beats estimates on robust spending
AMERICAN Express beat estimates for second-quarter profit as its wealthy customers persisted in splurging on travel, dining and entertainment, the credit card giant said on Friday (Jul 19). The company’s…
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Abbott raises annual profit forecast as strong medical device sales power quarterly beat
The company now expects a profit of US$4.61 to US$4.71 per share for the full year ABBOTT Laboratories raised its annual profit forecast and beat Wall Street estimates for second-quarter…
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Blackstone posts modest Q2 profit jump on private equity, credit gains
BLACKSTONE said on Thursday (Jul 18) its second-quarter distributable earnings rose 3 per cent from a year earlier, as a jump in asset sales in its private equity and credit…
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Taiwan’s TSMC Second-quarter Net Profit Jumps On Gen AI Demand
Taiwan chip giant TSMC said Thursday net profit jumped by more than a third in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products. Taiwan…
