Profit
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Saudi Aramco Second Quarter Profit Plunges 38% Output Cuts Fail to Boost Crude Prices
Saudi Arabian state oil company Aramco’s second quarter profit plunged 38 percent compared with the $48.4 billion profit recorded in the same period of last year. The Saudi oil giant’s…
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Berkshire Posts Record Operating Profit of $36 Billion as Rising Rates Boost Buffett’s Returns
Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion…
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Amazon Profit Beats Expectations On Booming Sales
E-commerce titan Amazon says its advertising business is gaining traction and it is boosting artificial intelligence capabilities at its cloud computing unit, but retail sales still drive the tech giant’s…
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Adidas Books Profit As It Sells Off Kanye Inventory
The German sportswear giant reported a net profit of 84 million euros ($92 million) from April to June, following two consecutive quarters of losses AFP Adidas said Thursday it booked…
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Uber Reports Surprise Profit In Q2
Strong demand for customer rides and Uber eats enabled the ride-hailing company to report a second-quarter profit AFP Uber reported a surprise profit on Tuesday, pointing to strong growth in…
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Tether Dominates Stablecoin Market With All-Time-High Market Cap And $1.5B Net Profit
Pay with Tether YouTube Screenshot/Tether Official YouTube Channel KEY POINTS Tether is expected to see more significant earnings in Q2 and Q3 2023 USDT’s market capitalization grew from $66 billion…
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P&G Shares Jump As It Forecasts Profit Growth
Procter & Gamble, which makes Crest toothpaste and other household items, reported solid profits, lifting shares AFP Procter & Gamble reported another quarter of solid profit growth behind price hikes…
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Ford Raises 2023 Profit Outlook But Sees Bigger EV Loss
Ford raised its 2023 forecast for its overall business but sees a deeper loss from electric vehicles AFP Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on…
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Shell Makes $5 Billion Profit in Q2; Climate Activists Stage Protest at London Headquarters
Oil and gas giant Shell reported on Thursday it made a profit of $5 billion in the second quarter. The huge profit was still 56 percent lower than the numbers…
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Jeep Owner Stellantis Posts Record Profit On Higher Prices
Sales rose by seven percent in North America, Stellantis’ most profitable market AFP US-European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, reported Wednesday a record net profit…
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From Passion to Profit: The Journey of an Online Video Creator
* This is a contributed article and this content does not necessarily represent the views of IBTimes. In the age of digital innovation and social media, opportunities for creative individuals…
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Tether To Buy Bitcoin With 15% Of Its Net Profit To Back Stablecoin Reserves
KEY POINTS Tether will keep the BTC in self-custody, without any third-party custodians The company will use 15% of its net realized operating profits to buy Bitcoin Tether plans to…
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Toyota Full-year Net Profit Beats Forecast
Toyota retained its top-selling crown for the third year in a row in 2022 AFP Top-selling automaker Toyota said Wednesday that its full-year net profit beat expectations and projected better…
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Nintendo Annual Net Profit Beats Forecast On Strong Game Sales
Nintendo’s blockbuster Switch console is now in its seventh year AFP Hit games Splatoon 3 and the new Pokemon titles helped Nintendo beat its annual net profit forecast on Tuesday,…
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Berkshire First Quarter Profit Zooms to $35.5 Billion; Warren Buffett Signals Buying More Apple Shares
Warren Buffett’s Berkshire Hathaway sold stocks worth $13 billion this year, adding to the massive cash pile of more than $130 billion. Even as the cash reserves increase, the investing…
