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NEW YORK, United States (AFP) — Media-entertainment giant 21st Century Fox said Wednesday that profits had doubled in the past quarter, boosted by a one-time tax benefit from recently enacted US legislation. The group led by mogul Rupert Murdoch and his family reported a net profit for shareholders of $1.83 billion in the final three months of 2017, up from $856 million a year earlier. Revenues rose nearly five percent in the period to $8.04 billion for […]
TOKYO, Japan (AFP) — Japanese car giant Toyota on Tuesday forecast a record full-year net profit, as the figure jumped more than 40 percent for the nine months to December. Boosted by robust global sales and a weak yen, Japan’s top carmaker expects to bank net profit of 2.4 trillion yen ($22 billion) for the fiscal year to March 2018, up from its earlier estimate of 1.95 trillion yen. Annual sales are now forecast at 29 trillion […]
SAN FRANSISCO, United States (AFP) — Microsoft on Wednesday reported a hefty loss in the past quarter, as it set aside billions of dollars for taxes on profits it expects to bring back to the United States following passage of a major tax overhaul. The technology giant said its loss for the quarter to December 31 was $6.3 billion — as it took a charge of $13.8 billion to pay its taxes. Revenue for Microsoft’s fiscal second […]
TOKYO, Japan (AFP) — Nintendo hiked its annual net profit forecast by more than 40 percent Wednesday after its popular Switch console flew off shelves during the holiday season, fuelled by a cheaper yen. The Kyoto-based video game giant said it now expects annual net profit of 120 billion yen ($1.1 billion), a 41.2-percent rise from the previous forecast issued in October, while also raising its annual sales and operating profit projections. Nintendo now expects to sell 15 […]
SAN FRANCISCO, United States (AFP) — Netflix shares raced higher in after-hours trade Monday as the streaming television giant reported better-than-expected gains in its global subscriber base and a quarterly profit that nearly tripled from a year ago. In its fourth quarter report, Netflix said it added 8.3 million new subscribers to bring its total paid membership base to 110.6 million. Net profit in the quarter surged to $186 million from $67 million a year earlier as […]
DETROIT, United States (AFP) — Ford on Tuesday projected 2017 earnings below the level expected by analysts and said results this year would be even lower. The second-biggest US car company forecast adjusted earnings per share of $1.78, five cents below analyst expectations, according to data released ahead of a presentation by Ford chief financial officer Bob Shanks at the Deutsche Bank auto conference Tuesday night. Ford blamed “external headwinds” including high commodity costs and unfavorable exchange rates […]
HELSINKI, Finland (AFP) — Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising sales, as it increased its investments with a view to boost its winnings in future. Sales reached 70.7 million euros (nearly $84 million) in the third quarter compared to 50 million the previous year, but year-on-year the company lost 800,000 euros. Rovio posted a profit of 3.9 million euros […]
TOKYO, Japan (AFP) — Troubled Japanese conglomerate Toshiba said Thursday it logged a net loss of $436 million for the fiscal first half, as it moves to complete the multi-billion-dollar sale of its chip business to restore its balance sheet. The Tokyo-based firm said the loss was mainly due to the tax impact associated with the controversial deal to sell the chip unit to a consortium led by Bain Capital. The announcement came after the company said […]
TOKYO, Japan (AFP) — Japanese car giant Toyota Tuesday logged a jump in its first-half net profits and revised up its bottom-line forecast for the whole year, citing a cheaper yen and cost-cutting efforts. Japan’s number-one carmaker said its net profit gained 13.2 percent to 1.07 trillion yen ($9.4 billion) for the six months to September on sales of 14.2 trillion yen, up 8.6 percent. The Prius maker now expects to bank a net profit of 1.95 trillion […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Apple on Thursday reported profits rose on the back of strong iPhone sales in the past quarter, with the US tech giant set to begin selling its newest flagship handset seen as a key to its future. Net profit rose 19 percent from a year ago to $10.7 billion in the fiscal fourth quarter to September 30, Apple said. Revenues were up 12 percent to […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook on Wednesday reported profits leapt on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs. The leading social network said it made a profit of $4.7 billion in the quarter that ended on September 30, a jump of 79 percent from the same period a year earlier. Chief executive Mark Zuckerberg […]
SAN FRANCISCO, United States (AFP) — Microsoft on Thursday delivered stronger-than-expected earnings for the past quarter, lifted by gains in cloud computing and other business services. For its first fiscal quarter to September 30, the tech giant said profit was up 16 percent from a year ago to $6.6 billion. Revenue meanwhile rose 12 percent to $24.5 billion for the one-time tech sector leader which has shifted its focus away from consumer software to a […]
