Tag Archives: earnings

San Francisco, United States | AFP |  Microsoft on Thursday reported that its quarterly earnings was lifted on the back of its shift to focusing on computing services hosted in the internet cloud. The US technology giant said it made a profit of $6.5 billion in the recently ended quarter …

San Francisco, United States | AFP |  Netflix on Monday reported that its number of subscribers climbed more than expected, topping 100 million worldwide and sending shares in the leading on-demand television service soaring. Netflix shares leapt more than 10 percent to $178.48 in after-market trades that followed release of …

Seoul, South Korea | AFP | Samsung Electronics expects profits to soar 72 percent in the second quarter to a record high, it said Friday, as it moves on from a recall debacle thanks to rising memory chip prices and increased demand for smartphones. The South Korean tech giant estimated its …

Washington, United States | AFP |  Facebook said Wednesday it is hiring an extra 3,000 staff to root out violent content as the social media giant faces scrutiny for a series of killings and suicides broadcast on its platform. “If we’re going to build a safe community, we need to …

New York, United States | AFP |  The New York Times said Wednesday it added more than 300,000 digital subscribers this year, resulting in a swing to profit for the newspaper branded as “failing” by President Donald Trump. The Times has attributed some of its readership gains to renewed interest …

New York, United States | AFP | Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said Tuesday. The maker of Sprite and Fanta announced the job cuts as it reported lower second-quarter profits due to restructuring costs and flat …

.@MuhtarKent says Q1 “in line with plan”; $KO on track to deliver underlying revenue, profit targets for full year https://t.co/32Rr2HeCWI pic.twitter.com/lhjbsylaDs — The Coca-Cola Co. (@CocaColaCo) April 25, 2017 New York, United States | AFP | Coca-Cola reported lower earnings Tuesday on restructuring costs and flat volumes as it touts new …

San Francisco, United States | AFP |  Uber on Friday provided a glimpse at its earnings, saying it is growing strong while working to overhaul company culture at the scandal-dented on-demand ride service. “We’re fortunate to have a healthy and growing business, giving us the room to make the changes …

Shanghai, China | AFP | State-owned Chinese energy giant PetroChina on Thursday announced it slumped to a record-low profit for 2016 as global oil price weakness slashed earnings by 78 percent. Net profit fell to 7.86 billion yuan ($1.1 billion), the Beijing-based company said in a statement to the Hong Kong …

Johannesburg, South Africa | AFP |  South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 — the company’s first — after suffering a huge fine in Nigeria and currency challenges in key markets. “MTN Group’s financial results for 2016 reflect the most challenging …