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LOS ANGELES, United States (AFP) — Walt Disney Studios is again ending the year on a high note, posting more than $7 billion in global box office earnings, thanks to hits such as “Black Panther” and “Avengers: Infinity War.” “This is only the second time in history any studio has surpassed the $7 billion mark, after Disney’s own industry-record 2016 global gross of $7.6 billion,” the company said in a statement on Monday. “The Studios’ […]
TOKYO, Japan (AGP) — Tokyo stocks dropped on Tuesday with shares in Nissan diving more than five percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index fell 1.09 percent, or 238.04 points, to close at 21,583.12, while the broader Topix index was down 0.73 percent, or 11.94 points, at 1,625.67. Nissan shares lost 5.45 percent to 950.7 yen after dipping to a low […]
by Shingo ITO Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota upgraded its full-year forecast Tuesday, as the firm posted a 16-percent gain in net profit for the six months to September thanks to steady global sales and cost-cutting efforts. The maker of the Camry sedan and Prius hybrid revised upward its net profit forecast to 2.3 trillion yen ($20.3 billion) from its earlier estimate of 2.12 trillion yen for the year to […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Apple on Thursday delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells. The California-based technology giant makes most of its money from iPhones, and sales numbers have been seen as a bellwether of the company’s fortunes. Apple shares dove 6.5 percent to $207.78 in after-market trades following the […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Friday extending rallies in New York, as investors watched corporate earnings reports and awaited key US jobs data. The benchmark Nikkei 225 index was up 0.39 percent or 83.95 points at 21,771.60 while the broader Topix index was up 0.23 percent or 3.17 points at 1,635.76. “Tokyo share trading in early hours is seen dominated by purchases, helped by a tailwind from gains in US shares,” […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, shrugging off falls in US shares last week, but investors appeared cautious with corporate earnings season under way in Japan and the US. The benchmark Nikkei 225 index advanced 0.68 percent or 144.34 points to 21,328.94 in early trade, while the broader Topix index was up 0.63 percent or 10.01 points to 1,606.02. The rebound in Tokyo came after Wall Street stocks finished a volatile […]
HONG KONG, China (AFP) — Banking giant HSBC said on Monday that pre-tax profit rose 28 percent to $5.92 billion in the third quarter, boosted by “strong revenue growth” in its main global businesses. Adjusted pre-tax profit rose 16 percent year-on-year to $6.2 billion, reflecting revenue growth that was partly offset by a rise in operating expenses, the bank said. That beat analysts’ estimate of $5.73 billion, according to Bloomberg News. “The strong revenue environment […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Amazon reported Thursday that its profit in the recently-ended quarter rocketed to $2.9 billion in a ten-fold increase from the same period last year. Net sales at the e-commerce colossus climbed to $56.6 billion in the third quarter, a 29 percent increase from the $43.7 in sales reported in the third quarter in 2017. However, analysts had expected an even stronger performance by Amazon, […]
by John BIERS © Agence France-Presse NEW YORK, United States (AFP)–Walmart shares surged Thursday after it reported the strongest US comparable sales in more than a decade as e-commerce investments paid off in a strengthening American economy. The world’s biggest retailer said rising online sales, and investments aimed at keeping prices low, boosted store traffic at its namesake US business, the most critical unit for earnings. Comparable US store sales rose 4.5 percent in the second […]
HONG KONG, China (AFP)–Banking giant HSBC said on Monday that pre-tax profit rose 4.58 percent to $10.7 billion in the first six months of the year and voiced “cautious optimism” despite the China-US trade row. After wide-ranging cutbacks that saw 50,000 jobs axed in an overhaul announced in 2015, the bank said it was now hiring “more frontline staff” in its strongest businesses as it seeks new growth. “We are investing to win new customers, […]
by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP)–Tesla shares revved on Wednesday on news the electric car maker is on the road to being profitable this year despite losing more money than analysts expected in the recently ended quarter. Tesla shares raced up more than 9 percent to $328.01 in after-market trades that followed release of earnings figures and a call in which chief executive Elon Musk patiently fielded questions and expressed regret […]
by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — Apple said Tuesday that its profit had jumped more than 30 percent to $11.5 billion in the recently ended quarter, besting market expectations despite selling fewer iPhones than analysts projected. The news boosted shares in the tech giant in after-hours trading, putting it ever closer to a history-making, trillion-dollar market value. Apple’s revenue in the fiscal third quarter soared 17 percent to $53.3 billion […]
