The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz in Zurich, Switzerland November 3, 2016. REUTERS/Arnd Wiegmann Credit Suisse reported an unexpected net profit for a second quarter in a row on Thursday though the surprise was... More »
The Electronic Arts Inc., logo is displayed on a screen during a PlayStation 4 Pro launch event in New York City, U.S., September 7, 2016. REUTERS/Brendan McDermid/File Photo Electronic Arts Inc’s (EA.O) second-quarter revenue edged past analysts’ estimates an... More »
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files JPMorgan Chase (JPM.N) and Citigroup (C.N) trounced third-quarter estimates on Friday on a sharp rebound in trading revenues whil... More »
By Matt Scuffham | TORONTO TORONTO Caisse de depot et Placement du Quebec, Canada’s second-biggest public pension fund, warned of weak global growth in the years ahead after market volatility led to a sharp fall in its investment return in the first half. The ... More »
HONG KONG Huawei Technologies Co Ltd [HWT.UL], one of the world’s largest telecoms equipment makers, on Monday posted a 40 percent rise in first-half sales revenue and said it would “maintain current momentum” this year. Sales revenue reached 245.5 billion yua... More »
NEW YORK The world’s largest asset manager BlackRock Inc (BLK.N) has been buying roughly $275 million of its shares every quarter, a practice chief executive Larry Fink said could continue even though he has previously warned about the downside of share repurc... More »
For Walt Disney’s Peter Pan, flying was “all a matter of faith and trust.” Investors in Walt Disney Co showed a lack of both in the company’s stock on Wednesday. Disney’s shares fell 4.5 percent to $101.76 in morning trading and were the biggest drag on the Do... More »
TOKYO Apple Inc (AAPL.O) supplier Japan Display Inc (6740.T) warned on Tuesday of a bigger loss in the just-ended business year compared to the previous year as sluggish demand for iPhones dragged down sales of its display panels. Japan Display estimated a net... More »
ZURICH Credit Suisse (CSGN.S) predicted on Tuesday financial markets would remain tough, after the Swiss bank started the year with a quarterly loss for the first time since 2008 amid a major restructuring. The result, which comes as Chief Executive Tidjane Th... More »
HELSINKI Nokia’s (NOKIA.HE) mobile network equipment sales fell more than expected in the first quarter and will continue to decline this year, the Finnish company said, as customers hold off new orders while it integrates its purchase of rival Alcatel-Lucent.... More »
News Corp (NWSA.O), owner of the Wall Street Journal and book publisher HarperCollins, reported its fifth drop in quarterly revenue in a row as print ad sales declined and a strong dollar hit income from outside the United States. The 7.3 percent fall in reven... More »
Ruth Porat couldn’t have been clearer: Alphabet Inc’s chief financial officer said on Thursday that Google’s parent needed to step up investment to boost traffic. Analysts agreed. Investors weren’t so sure. The company’s shares closed down 5.46 percent at $737... More »
Piper Jaffray cut its rating on Wells Fargo & Co to “underweight” from “neutral” citing concerns about the bank’s credit costs. The downgrade comes a day after Wells Fargo reported a 7 percent decline in quarterly profit. The bank has set aside more than $1 bi... More »
SEOUL South Korea’s LG Electronics Inc said its first-quarter operating profit likely rose 66 percent, pointing to its best quarter in nearly two years with earnings apparently lifted by healthy appliance sales and falling television panel prices. The world’s ... More »
It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks. Analysts say it has been the worst start to the year since the financial crisis in 2007-2008 and expect poor first-quarter results when reporting begins this week. C... More »
BERLIN German media group Bertelsmann (BTGGg.F) on Tuesday reported a 4.7 percent rise in full-year core profit and reiterated it wanted to raise its stake in Penguin Random House, the book publisher which helped to drive the earnings increase. Bertelsmann con... More »
DUBAI President Hassan Rouhani and his allies won 15 out of the 16 Tehran seats in the Assembly of Experts, final election results published on Monday showed, ousting two prominent hardliners including the speaker of the powerful clerical body. The results, ca... More »
Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments and derivatives. Net income rose to $5.48 billion, or $3,333 per Class A sh... More »
LONDON Airbus Group (AIR.PA) reversed part of its plans to cut production of a key aircraft model due to a rebound in demand, a move likely to generate extra cash as it posted 2015 profits in line with expectations on Wednesday. The European planemaker said it... More »
Hollywood studio DreamWorks Animation SKG Inc reported better-than-expected quarterly revenue and profit, helped by the worldwide television release of its movie “Home” and higher licensing fees. Shares of the company, which produced the popular “Shrek” and “K... More »
NEW YORK/SAN FRANCISCO Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned whether information-technology managers would keep spending on their products. The uncertainty spread int... More »
Amazon.com Inc posted its most profitable quarter ever on Thursday but the world’s No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. The results, as we... More »
SAN FRANCISCO Apple Inc (AAPL.O) forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company’s period of exponential growth m... More »
Health insurer Anthem Inc (ANTM.N), which is in the process of buying smaller rival Cigna Corp (CI.N), reported a 6.3 percent rise in quarterly revenue as more people enrolled in its Medicaid plans. Anthem, which operates Blue Cross Blue Shield plans in more t... More »
MILAN Fiat Chrysler Automobiles (FCHA.MI) on Wednesday reported better-than-expected rise in fourth-quarter operating profit as strong results from North America and improving operations in Europe offset weakness in Latin America and Asia. The world’s seventh-... More »
SAN FRANCISCO/MUMBAI As China sales show signs of cooling, Apple Inc(AAPL.O) is touting India’s appetite for iPhones, betting that rising wages and an expanding middle class will pull consumers away from the cheap alternatives that currently dominate the marke... More »
Apple Inc (AAPL.O) CEO Tim Cook has been generally bullish on the prospects in China over the last year, but the latest quarterly results released Tuesday show the company faces headwinds in its second-biggest market. Following are quotes from Cook on China ov... More »
Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts’ expectations, and the company’s shares fell about 1 percent in extended trading. Oracle forecast third-quarter profit of about 63-66 ce... More »
Viacom Inc (VIAB.O), the owner of MTV, Comedy Central and Nickelodeon, reported weaker-than-expected quarterly revenue on Thursday, although declines in ad sales for its U.S. cable TV business were not as steep as analysts had anticipated. Chief Executive Offi... More »
Network equipment maker Cisco Systems Inc’s (CSCO.O) forecast adjusted profit and revenue growth for the second quarter below analysts’ estimates, citing a slowdown in order growth and weakness in its enterprise business outside the United States. Shares of Ci... More »
Dish Network Corp (DISH.O) reported a 34.2 percent rise in quarterly profit, helped by higher revenue per user from its core pay-TV business. The second-largest U.S. satellite TV company by revenue said on Monday its average revenue per pay-TV user rose to $86... More »
New York Times Co (NYT.N) reported a higher-than-expected quarterly profit, and said it expected digital revenue from its international business to account for a significant portion of its revenue in five years. The newspaper publisher said earlier this month ... More »
Charter Communications Inc (CHTR.O) said its acquisition of Time Warner Cable Inc (TWC.N), which is awaiting clearance from U.S. regulators, is now expected to close in the first quarter of 2016, and not by the end of 2015 as planned. The $56 billion deal, ann... More »
NEW YORK Comcast Corp, the cable and entertainment company, posted in-line third-quarter results on Tuesday, helped by its NBCUniversal’s box-office hit “Minions” and growth in its high-speed Internet and business services divisions. Comcast, which is both the... More »
Thomson Reuters Corp on Friday reported third-quarter sales that missed estimates due in part to the strong dollar, but the news and information company’s profit beat Wall Street expectations. Shares were down 2.2 percent in New York trading. Thomson Reuters, ... More »
AT&T Inc (T.N), the No. 2 U.S. wireless carrier and the world’s largest pay-TV operator, raised its 2015 earnings forecast as quarterly earnings beat expectations on cost cuts and gains in wireless and DirecTV subscribers. AT&T shares rose 1.7 percent in after... More »
Investors questioned Netflix Inc’s premium valuation after the video-streaming service reported U.S. subscriber additions below its own expectations, a sign that competition from the likes of Hulu is intensifying. Netflix shares fell more than 9 percent to $10... More »
Video-streaming service provider Netflix Inc reported third-quarter U.S. subscriber additions below its own forecast, blaming a transition to chip-based cards for the miss. Shares of Netflix, known for its original shows such as “House of Cards” and “Orange is... More »
The New York Times Co said it aimed to double its annual digital revenue to $800 million by 2020 with a concentrated effort to win over more readers on smartphones. The company has crossed 1 million digital subscribers and it needed to create the same “must-re... More »
LONDON The UK arm of discount supermarket Aldi said on Monday it would launch an online operation in Britain in 2016, initially selling wine, as it posted a dip in 2014 operating profit reflecting price cuts and higher staff costs. The privately-owned German g... More »
ZURICH Zurich Insurance Group AG (ZURN.VX) abandoned its proposed 5.6 billion pound ($8.7 billion) bid for British insurer RSA Insurance Group PLC (RSA.L) on Monday after forecasting a $200 million loss in its general insurance business due to explosions at th... More »
TOKYO Toshiba Corp (6502.T) swung to a first-quarter loss on weak PC and TV sales, raising pressure on its new chief executive, who is already tasked with improving governance after a $1.3 billion accounting scandal. Toshiba on Monday reported an April-June op... More »
TOKYO Toshiba Corp (6502.T) is set to report an operating loss of more than 10 billion yen ($83 million) in the April-June quarter hurt by weakness in the consumer electronics business, the Nikkei business daily reported. Toshiba last reported a first-quarter ... More »
PARIS French media group Vivendi (VIV.PA) reported higher second-quarter profit on Wednesday, helped by strong growth in its Universal Music division, and said recent asset sales could enable it to consider more acquisitions in the future. The company, with a ... More »
TORONTO Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll. Shares of Scotiabank, Canada’s third-largest bank, were down nearly 1 perc... More »
SHANGHAI China’s Bank of Communications Co Ltd, the country’s fifth-largest listed bank by assets, reported a 1.5 percent rise in first half net profit, even as its bad debts continued to rise. BoCom on Thursday posted a net profit of 37.32 billion yuan ($11.0... More »
FRANKFURT European broadcaster RTL will focus on buying online businesses and content producers as it seeks to build itself into a video powerhouse that goes beyond traditional broadcast, its finance chief told Reuters on Thursday. RTL has TV and radio channel... More »
News Corp (NWSA.O) reported a better-than-expected quarterly profit on Wednesday, helped by cost cuts in its news and information services business that includes Dow Jones and the Wall Street Journal. Shares of the company, controlled by Rupert Murdoch, rose a... More »
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the... More »
AMC Networks Inc’s (AMCX.O) shares fell as much as 14 percent despite the company’s strong results, continuing a slide triggered by Walt Disney Co’s (DIS.N) forecast that suggested that more customers were deserting paid TV than expected. Walt Disney Co (DIS.N... More »
New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. Shares of the company, which also forecast a decline in its current-quarter ad revenue, fell as much as 6 percent on Thursday.... More »
Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. The results add to investor concerns over the U.S. cable industry after di... More »
Media company Twenty-First Century Fox Inc (FOXA.O) on Wednesday reduced its profit expectation for the coming year, citing foreign currency impacts, the timing of film releases, and sports and digital investments in India. Fox had projected earnings in the mi... More »
HONG KONG HSBC Holdings (HSBA.L) beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. It said it had agreed to sell Banco Brade... More »
LONDON European pay-TV group Sky said on Wednesday it expects to perform strongly in its new financial year after better-than-expected 2014/15 profits prompted investors to rethink their growth forecasts for the newly-enlarged group. Sky, formed from the combi... More »
FRANKFURT/STUTTGART SAP’s order pipeline for the second half of the year is “very healthy” and will offset a decline in sales from its packaged software products, which will pose no threat to the company’s full-year operating profit target, its finance chief s... More »
FRANKFURT German business software maker SAP posted quarterly profit at the low end of forecasts, hit by weak sales of its traditional packaged software and a rapid shift by customers to lower-margin cloud software delivered via the Internet. Like established ... More »
SEOUL South Korean tech giant Samsung Electronics Co Ltd (005930.KS) on Tuesday guided for weaker-than-expected second-quarter earnings, as a supply shortage plagued its latest smartphone launch and tepid demand from key markets likely undercut sales. The guid... More »
SEOUL Tech giant Samsung Electronics Co Ltd (005930.KS) said on Tuesday that operating profit for the April-June quarter will likely be 6.9 trillion won ($6.13 billion), down 4 percent from a year earlier. This was worse than the 7.2 trillion won average forec... More »
A Whirlpool logo is seen on a range door at the Whirlpool manufacturing plant in Cleveland, Tennessee August 21, 2013. REUTERS/Chris Berry Whirlpool Corp (WHR.N) on Friday reported quarterly results below analysts’ expectations as currency and other headwinds ... More »
