May 8, 2014 2:00 pm
Deutsche Telekom reported a first-quarter drop in core profit on Thursday, despite a on-year rise in revenue, as a result of the company aggressive push into the US market, which helped it add more customers than its main competitors combined. The former German phone monopoly reported that earnings before interest, tax, depreciation and amortization fell […]
Read moreMay 8, 2014 12:34 pm
Acer Incorporated, the worlds fourth-largest personal computer manufacturer by sales, defied analysts expectations and swung back to profit in the first quarter as the company trimmed costs and sought ways to handle worldwide PC sales decline. The Taiwanese PC maker reported on Thursday a net profit of 1 million New Taiwan dollars ($33 000), rebutting […]
Read moreMay 8, 2014 10:12 am
Barclays Plc rose by more than 5% on Thursday after the lender announced it will axe 19 000 jobs through 2016, 7 000 of which in its investment banking business, and create a “bad bank” as part of its strategic revamp aimed at boosting profitability at its core divisions. The UK bank will cut 14 […]
Read moreMay 8, 2014 8:51 am
Toyota Motor Corp, the worlds largest car manufacturer, reported it has hit a new operating high in the fiscal year that ended March 31st, buoyed by record sales and a weaker yen. The company however predicted profit will fall in the current year as competition in the US intensifies, demand in Japan softens and as […]
Read moreMay 8, 2014 7:35 am
Tesla Motors Inc fell by more than 7% in after-hours trading on Wednesday after the electric vehicle makers second-quarter outlook disappointed some investors, who were impatiently awaiting clearer evidence of the companys future development. The car makers stock settled nearly 3% lower on the NASDAQ and extended its fall in after-market trading despite a better-than-expected […]
Read moreMay 7, 2014 4:07 pm
King Digital Entertainment fell by more than 10% on Wednesday as the companys first earnings release since its IPO showed a minor rise in revenue from the previous quarter, while net profit declined by a fifth. Moreover, a major part of the companys profit still relied on its two-year old Candy Crush Saga game, spurring […]
Read moreMay 7, 2014 1:43 pm
Walt Disney, the worlds largest entertainment company, reported on Tuesday higher-than-expected profit in the quarter ended March thanks to the continuing box office success of its animated film “Frozen”, as well as “Thor: The Dark World”. The company also reported solid gains at its theme park division. Operating income at Walt Disney Studios more than […]
Read moreMay 7, 2014 12:15 pm
HSBC Holdings, Europes biggest bank by market capitalization, announced on Wednesday that its first quarter pre-tax profit fell by 20% from a year earlier as revenue at its investment banking unit fell due to challenging market conditions. The London-listed bank, which makes more than half of its profits in Asia, said that pre-tax profit at […]
Read moreMay 7, 2014 10:03 am
Nintendo Co., the world’s largest maker of video-game machines, posted a net loss in the quarter ended March, but projected profit exceeding analysts estimates for the financial year through March 2015. Nintendo reported a net loss of of 33.4 billion yen in the three months ended March, trailing analysts average projections for a 27.9-billion-yen loss. […]
Read moreMay 7, 2014 8:46 am
Carlsberg A/S, the worlds fourth-largest brewer, reported a weaker-than-expected first-quarter and lowered its 2014 profit projections, as well as demand outlook in its biggest market. Carlsberg swung to first-quarter net loss and trimmed its 2014 profit target as growing macro uncertainty in Russia, which accounts for 40% of the companys sales, and a weaker rouble […]
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