Profit
-
Nokia Q2 profit falls 32% on weak demand for telecom gear
FINNISH telecom equipment maker Nokia said on Thursday (Jul 18) that its operating profit fell 32 per cent in the second quarter, as demand for 5G telecom equipment remained weak.…
-
United Airlines Q3 profit outlook disappoints amid industrywide discounting pressure
UNITED Airlines Holdings on Wednesday (Jul 17) forecast lower-than-expected profit in the current quarter as the industry grapples with excess seat capacity in the domestic market, which has undermined airlines’…
-
SpiceJet posts fourth-quarter profit on loan settlement gains
INDIAN budget carrier SpiceJet reported a six-fold jump in fiscal fourth-quarter profit after it settled borrowings worth US$90.8 million from Canada’s export development agency at a discount. Net income was…
-
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
GOLDMAN Sachs’ profit more than doubled in the second quarter, bolstered by debt underwriting and fixed-income trading, but results slipped from a bumper first quarter when the Wall Street giant…
-
Lufthansa Issues Profit Warning, Launches ‘Turnaround’
German airline giant Lufthansa slashed its 2024 profit forecast Friday after a weak second quarter and launched a “turnaround” plan for its flagship carrier, which it warned might not break…
-
Citi profit climbs on investment banking surge, services strength
Citigroup’s profit rose in the second quarter, boosted by a 60 per cent jump in investment banking revenue and gains in its services division, sending the bank’s shares up 2…
-
JPMorgan profit jumps on higher investment banking fees, accounting gain
JPMORGAN Chase’s profit rose in the second quarter, buoyed by rising investment banking fees and an US$8 billion accounting gain from a share exchange deal with Visa. Investment banks have…
-
TCS profit meets estimates as demand for IT projects picks up
TATA Consultancy Services (TCS) reported profit that topped analysts’ estimates, signalling corporations are resuming spending on projects to take advantage of technologies such as artificial intelligence. Net income rose 9…
-
Uniqlo owner posts 29% jump in Q3 operating profit
The company raised its full-year profit forecast to 475 billion yen from 450 billion yen Japan’s Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday (Jul 11) its…
-
Top Thai budget carrier expects 2024 core profit to hit record
ASIA Aviation, owner of Thailand’s biggest low-cost airline, expects record earnings from core operations this year as a surge in overseas visitors boosts seat demand and airfares. Thai AirAsia, the…
-
Tan Chong expects 86% fall in profit after tax for H1 2024 on ‘severe drop in sales’
Markets with ‘significant losses’ include Malaysia, Thailand, Taiwan, Singapore and the Philippines AUTO dealer Tan Chong International is expecting an 86.6 per cent fall in profit after tax to HKD$25…
-
Battery maker LG Energy’s profit sinks on global EV slowdown
BATTERY maker LG Energy Solution’s second-quarter profit missed analyst estimates, as sales of electric vehicles (EVs) continued to slow. Operating profit for three months ended Jun 30 dropped 58 per…
-
Samsung stock hits three-year high on profit leaping 15-fold
SAMSUNG Electronics posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally. The world’s largest maker…
-
Samsung Electronics Forecasts Major Q2 Profit Jump
Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The firm…
TSMC is set to report a strong profit but Trump comments pummel its stock
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant maker of chips used in artificial intelligence (AI) applications, is expected to report another strong quarterly earnings on Thursday (Jul 18) but its…